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Showing posts with the label Internet of Things

Public Key Infrastructure Drives Digital Trust

The Public Key Infrastructure (PKI) market is poised for expansion, with global revenues set to reach $14.9 billion by 2030, according to the latest ABI Research worldwide market study. This surge reflects a dynamic era for digital security, shaped by the proliferation of interconnected devices, the acceleration of cryptoagility, and the growing imperative of device identity management. PKI Security Market Development PKI has long underpinned digital trust, securing sensitive data and authenticating identities across networks. Today's business technology landscape has dramatically shifted. Enterprises are rapidly integrating IoT, cloud services, and AI-powered platforms, making the management of digital certificates and identity lifecycles both strategically essential and operationally complex. The threat landscape continues to change as malicious actors exploit new vulnerabilities, pushing organizations toward shorter certificate lifecycles and the adoption of quantum-resistant al...

LEO Satellite Services Reach Inflection Point

Satellite communications is now driven by Low Earth Orbit (LEO) networks. From once niche technology serving remote outposts, LEO satellites are becoming mainstream — delivering high-speed, low-latency broadband everywhere from city centers to far-flung islands. According to Gartner's latest market study, global spending on LEO satellite communications services will reach $14.8 billion in 2026, marking a 24.5 percent jump in just a single year. LEO Satellites Market Development Unlike traditional geostationary satellites positioned tens of thousands of kilometers above the Earth, LEO satellites orbit at much lower altitudes — typically between 500 and 2,000km. This proximity yields two key advantages for modern communications: 1) Lower latency: Data can travel from ground station to satellite and back much faster, unlocking real-time internet use and interactive applications. 2) Broader coverage and capacity: Large, multiplying constellations can tile the planet, reaching regions w...

Mobile Data Traffic to Triple by 2030

As new app demand grows, we're witnessing a surge in mobile data traffic.  This trend, driven by the proliferation of bandwidth-intensive services such as video streaming, augmented reality (AR), virtual reality (VR), and next-generation cloud applications, is reshaping the telecommunications industry. According to the latest market study by ABI Research, global mobile data traffic is set to triple by 2030, challenging network operators to keep pace with this escalating demand and evolving user expectations. Mobile Data Market Development The exponential growth in mobile data usage is a function of more devices being connected -- it also reflects fundamental shifts in how mobile subscribers and enterprises use technology. The ubiquity of smartphones, the rise of the Internet of Things (IoT), and the adoption of immersive digital experiences are all contributing to this surge in mobile data. Mobile network operators now find themselves at the center of a data-driven economy, where t...

Preparing for a $5.74 Trillion IT Market in 2025

The global Information Technology (IT) sector is poised for significant growth and transformation in the coming year, driven by new tech advancements, economic factors, and evolving digital business needs. The latest forecast from Gartner provides valuable insights into the future of IT spending and highlights key areas of opportunity for businesses and technology providers alike. According to the latest market study, worldwide IT spending will reach $5.74 trillion in 2025, a 9.3 percent increase from 2024. This growth rate is noteworthy as a significant acceleration compared to the 7.2 percent increase expected during 2024. Information Technology Market Development The robust 2025 forecast underscores the critical role that technology continues to play in driving business innovation, efficiency, and competitiveness across industries. "Current spending on Generative AI (GenAI) has been predominantly from technology companies building the supply-side infrastructure for GenAI,...

Global Information Security Trends for 2025

The global Information Security landscape is poised for significant growth, driven by escalating online cyber threats and the increasing complexity of digital business ecosystems.  According to the latest market study by Gartner, global spending on information security is expected to grow by 15.1 percent in 2025, reaching a total of $212 billion. This investment highlights the importance of cybersecurity and underscores the need for new measures to protect sensitive data and infrastructure from cyber threats. Information Security Market Development Several key trends illustrate the scale and scope of the spending: This growth reflects the increasing prioritization of cybersecurity across industries as organizations seek to safeguard their digital business assets and maintain trust with customers. Spending on Security Services is forecast to rise by 15.6 percent in 2025, reaching $86.07 billion globally. This growth is driven by the ongoing shortage of cybersecurity talent and the n...

The $4 Billion Opportunity for Satellite IoT

In an era where wireless connectivity is pervasive, Satellite Internet of Things (IoT) can change industries, offering leaders unprecedented opportunities to drive efficiency and innovation. As industries across the globe seek to enhance operational efficiency and sustainability, satellite IoT emerges as a pivotal enabler. According to a worldwide study by ABI Research, the Satellite IoT market is forecast to reach $4 billion by 2030, with over 26 million connections anticipated. "Prominent satellite IoT providers such as Inmarsat, ORBCOMM, Globalstar, Myriota, and hiSky have been actively working together with their partners to expand their service offerings and enhance connectivity solutions," said Jake Saunders, vice president at ABI Research . Satellite IoT Market Development The satellite IoT market's expansion is largely fueled by its application across key verticals, including agriculture, energy and utilities, fisheries and aquaculture, and environmental monitorin...

Industrial WLANs Drive Efficiency and Agility

The market for industrial facilities networking is undergoing a significant transformation. Operational Technology (OT) networks, traditionally reliant on wired connections, increasingly embrace wireless solutions. This shift is driven by several factors, including the need for greater flexibility, improved efficiency, and the emergence of new applications fueled by the Internet of Things (IoT).  At the forefront of this transformation lies a utilization of the 6 GHz band in industrial Wireless Local Area Networks (WLANs), a communication innovation. Industrial WLAN Market Development According to the latest worldwide study by ABI Research, they forecast a surge in industrial WLAN access points supporting the 6 GHz spectrum, with shipments rising from 2 percent in 2023 to 71 percent by 2030. The growth of industrial WLANs can be attributed in large part to the limitations of traditional wired networks. Dense deployments of sensors, robots, and other connected devices create a const...

Why CEOs Crave Digital Business Growth

For the past decade, navigating uncertainty has been a defining characteristic of the Global Networked Economy. From economic downturns to tech-driven disruptions, leaders have had to adapt in the face of constant change. According to Gartner's latest worldwide market study, there's a significant shift in C-suite priorities. Survey results reveal a focus on digital business growth, with CEOs identifying it as the top priority. About 73 percent of CEOs ranked growth as their primary objective, a 17 percent increase compared to 2023. This sentiment is underscored by the finding that 60 percent of CEOs plan to increase hiring in 2024. Digital Business Market Development "Along with the increased focus on growth, the survey showed a relatively weak position for cost management, suggesting that most CEOs and senior business executives believe the most challenging economic times are past," said David Furlonger, VP Analyst at Gartner . Several key factors are contributing to...

Satellite IoT Poised for Explosive Growth

The Internet of Things (IoT) is transforming industries by enabling vast networks of devices to collect and share data. This data empowers businesses to optimize operations, gain deeper insights into customers, plus develop new products and services. However, a significant hurdle to IoT adoption lies in the limitations of terrestrial networks. Cellular and Wi-Fi connectivity often falter in remote locations, hindering the potential of IoT in these areas. This is where satellite IoT steps in, offering a compelling solution for connecting devices in geographically isolated or underserved regions. Satellite IoT Market Development According to the latest worldwide market study by ABI Research, the Satellite IoT market is expected to reach a value of $4 billion by 2030. This forecast growth surge is driven by: Reduced Launch Costs: The space industry is witnessing a dramatic decrease in launch costs due to advancements in reusable rockets and launcher technologies. This makes it more cost-e...

Capitalizing on a $900B Telecom Opportunity

The global telecommunications market is forecast to reach $900 billion in operator-billed revenue in 2024, according to the latest worldwide market study by Juniper Research. This represents a pivotal juncture for telecom operators as they navigate emerging technologies' challenges and opportunities.  While telecom operators have invested heavily in deploying 5G networks, the study highlights their struggle to effectively monetize widespread 5G adoption among wireless network service subscribers. A key issue has been the inability to command a significant price premium over 4G services, despite the superior performance and capabilities of 5G. This challenge underscores the need for operators to explore new revenue streams beyond traditional mobile services. Telecom Services Market Development As Juniper analysts indicate, a promising avenue for revenue growth lies in the enterprise Internet of Things (IoT) market. With the IoT connectivity revenue market forecasted to expand from $...

Securing the Future of Cellular IoT Apps

The Internet of Things (IoT) continues to expand. According to the latest worldwide market study by Juniper Research, they forecast a 90 percent growth in cellular IoT devices by 2028, with the global number reaching 6.5 billion. This exponential rise presents both exciting opportunities and significant challenges. While the growth of cellular IoT unlocks a vast potential for innovation in smart cities, industrial automation, and remote monitoring, it also requires device management and security advancements. Cellular IoT Market Development Juniper's research highlights the critical role of intelligent infrastructure management solutions. These platforms will empower the users to automate critical tasks such as device configuration, real-time security management, and optimized wireless connectivity. The surge in cellular data usage, projected to reach 46 petabytes by 2028 compared to 21 petabytes today, further underscores the need for automation. This is where federated learning i...

Strategic Wireless Tech for Uncertain Times

The business technology community is at a critical juncture in 2024. Global market pressures are starting to ease, but persistent geopolitical threats are somewhat hindering progress. As a result, telecom network providers and their customers are under pressure to make strategic near-term decisions to drive positive impact and ROI within their organizations. "The rapid rise of private cellular, huge growth in 5G mMIMO radio deployments, and a big bet on network slicing are just some of the many changes on the horizon of which companies and organizations must be aware to make mid-course corrections or complete roadmaps," said Stuart Carlaw, chief research officer at ABI Research . Mobile Wireless Market Development The total addressable market for private networks, encompassing elements such as the Radio Access Network (RAN), Mobile-access Edge Computing (MEC), the core, and professional services, is poised to grow significantly. Anticipated to surge from $6.1 billion in 2023 ...

The Intelligence Revolution at the Edge

Artificial intelligence (AI) is accelerating cloud-enabled transformation, but what if its true power lies at the network edge? Edge AI workloads, where processing happens on local devices, enable real-time decision-making, reduced latency, and enhanced privacy. From smart factories predicting equipment failure to autonomous vehicles analyzing road hazards, this is the exciting world of Edge AI. Explore the opportunities and challenges of running AI workloads at the edge, and discover how it's shaping the future of IT apps. Edge AI Market Development Reduced Instruction Set Computing (RISC)-V processor architectures are starting to address Edge AI workloads, and this trend is set to continue throughout the decade. According to the latest worldwide market study by ABI Research, while RISC-V's penetration into AI workloads is only just beginning, growth will be steady throughout the decade, pushing RISC-V chip shipments in Edge AI (excluding TinyML) to 129 million by 2030. "...

70 Billion Reasons to Rethink IoT Security

As new devices increasingly connect to the cloud for centralized storage, data analytics, real-time monitoring, and updates, we must ask: Are we prepared for the security implications of this brave new world? The number of Internet of Things (IoT) end-user devices and IoT edge nodes such as home appliances, personal wearables, industrial robots, and even connected drones is quickly increasing. ABI Research forecasts that by 2026, the installed base of connected devices will reach more than 70 billion installations, creating an expansive IoT attack vector in the IoT applications environment. IoT Security Market Development Most of these devices are low-power, storage limited, and with weak computational power, which means these devices are increasingly connecting to the cloud environment for centralized storage, data analytics, real-time monitoring, remote access, and updates in firmware and software. Connecting to the cloud environment creates yet another compromise vector for these de...

5G Roaming Connections Drive Mobile Growth

The total number of roaming connections is anticipated to grow 350 percent over the next five years, with the growing presence of 5G and IoT roaming devices being major driving factors. According to the latest worldwide market study by Juniper Research , growth in global roaming clearing revenues will reach $2.5 billion in 2024. This 30 percent increase will be driven by the rise in 5G roaming connections as mobile service providers continue 5G network expansion. 5G Roaming Market Development For network operators and clearing houses to capitalize on this opportunity, Juniper says they must focus on implementing new technologies and new growth strategies. A major trend is the growth in Internet of Things (IoT) roaming devices, anticipated to reach 595 million globally by 2028. While this brings opportunities, mobile operators see limited revenue per Low Power Wide Area (LPWA) connection. Clearing houses can help by providing highly scalable cloud-based services to handle increasing dat...

Global SmallSat IoT Use Cases Gain Momentum

Modern satellite communication continues to evolve as new service providers explore niche applications that give them an opportunity to compete with the incumbent global providers. This is a area of wireless telecom infrastructure that is noteworthy, as more unique uses cases are explored.   Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators to enter the Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings. SmallSat IoT Market Development These new entities seek to challenge the traditional satellite IoT service provider incumbents -- including Inmarsat, Iridium, ORBCOMM, and Globalstar -- to provide a more cost-effective solution for end customers in a variety of industries. According to the latest worldwide market study by ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to reach 27 million in 2030 (a CAGR of 12.7 percent). ...

The Future of Work Gains Momentum in APeJ

Within the C-suite of forward-thinking organizations, something remarkable is happening. More executive leaders are now focused on an inspirational alternative to the legacy status quo "Return to Normal" mindset. According to the latest market study by IDC, Asia Pacific excluding Japan (APeJ) "Future of Work" spending is forecast to grow at a CAGR of 18.4 percent and reach $196.2 billion by 2026. IDC expects APeJ FoW spending to grow at a year-over-year rate of 19.9 percent in 2023 compared to 21.5 percent in 2022. Despite the slowdown of the growth rate, the total spending of the market continues to increase over the forecast period. Future of Work Market Development IDC defines the Future of Work (FoW) as a fundamental change to the work model to one that fosters human-machine collaboration, enables new skills and worker experiences, and supports a re-imagined physical workplace and border-less digital workspace. This IDC market forecast presents spending forecast...

Smart Home Healthcare Apps Gain Momentum

Healthcare sector innovation tends to progress at a slow pace, due to a number of historical factors that inhibit agility. For example, the Smart Home healthcare market continues to grow and evolve, but the scale of the opportunity remains under-penetrated. Last year, new smart home healthcare shipment and service revenues grew 25 percent to reach $22.9 billion worldwide, but that growth rate may be hard to sustain, despite the potential for further growth. According to the latest worldwide market study by ABI Research, new smart home healthcare shipment and service revenues will reach $26.5 billion in 2023 -- that's up by 15 percent from 2022. Smart Home Healthcare Market Development Smart home healthcare, encompassing connected home care, remote patient monitoring, and social robotics, can improve the health and care of the most vulnerable while reducing staffing and other costs. It also represents an opportunity for a host of players from smart home vendors and beyond to extend ...

Digital Transformation Enabled by Wireless Apps

Wireless communication solutions in the enterprise continue to gain momentum from new technologies and associated software applications. Across all industries and geographies, the demand has increased substantially over the last couple of years. Meanwhile, the Wireless Local Area Network (WLAN) market is growing in complexity with the new Wi-Fi standards, 6 GHz spectrum availability, Internet of Things (IoT) connectivity integration, disruptive business models, and more value-added services. Enterprise WLAN Market Development Furthermore, the evolution of cellular and WLAN technologies is pushing CIOs and CTOs to consider deploying heterogeneous Wi-Fi + 5G networks that can optimize performance, cost, reliability, and enable new use cases fundamental to digital transformation. These market dynamics and innovative solutions can drive enterprise WLAN infrastructure revenues to reach $14.5 billion by 2028, according to the latest worldwide market study by ABI Research. ABI analysts will n...

New Technology Fuels Road Freight Innovation

Today's supply chain leaders seek to access the most cost-effective road transportation. Deploying configurable and scalable fleet management solutions is enabling the efficient operation of commercial truck and van fleets of all sizes. Digital hardware and software advancements continue to create new use cases and capabilities of telematics to enhance the commercial fleet performance, improve efficiency, and save operating costs. According to the latest worldwide market study by ABI Research, commercial telematics revenues will reach $41.67 billion globally by 2027. Commercial Telematics Market Development The revenue includes hardware telematics units such as Telematics Control Units (TCUs) and subscription fees charged by telematics services vendors for Software-as-a-Service (SaaS) apps. These technology-based solutions could include a broad range of functionalities -- such as vehicle diagnostics, broader data sharing, and real-time data-enabled analytics. This upside growth po...