Digital Lifescapes

In a rapidly evolving wireless communications market, enterprises across industries are seeking secure and reliable connectivity solutions to power their increasingly sophisticated business operations. Private cellular networks have emerged as a compelling answer to these needs, offering dedicated wireless systems that utilize 4G LTE or 5G technology to provide enhanced network features. As an advisor who has worked with numerous organizations on their digital transformation journeys, I've observed how these networks can revolutionize enterprise capabilities, yet adoption has been slower than the potential. Private Cellular Market Development According to Juniper Research's latest market study, private cellular network revenue will reach $21.4 billion by 2030—a substantial increase from $5.5 billion in 2025. This represents a 114 percent growth rate over these five years. What makes this projection particularly noteworthy is the anticipated acceleration in deployment: nearly 3,...

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...

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...

The electric utility sector has evolved and the market has become increasingly complex. Concerns around how energy is created and utilized, coupled with climate change, nudged suppliers toward more renewable energy. Problems in the global energy supply chain have underlined the increasing necessity of renewables, such as solar and wind power, translating into the advent of alternative energy generation. However, renewables do not generate electricity continuously, and therefore these systems must be automated, plus the energy generated must be stored and distributed more efficiently. Smart Grid Market Development According to the latest worldwide market study by Juniper Research, cost savings from Smart Grid deployments will exceed $125 billion globally in 2027 -- that's increasing from just over $33 billion in 2022. This 279 percent growth will be driven by rising energy prices, with smart grid technologies playing a critical role in increasing electric network efficiency and opti...

Precision Medicine uses molecular info to extract the optimum medical method from diagnostic protocols, by merging the impact of environmental and genetic factors. Data access is essential, with genetic metabolic and clinical data used to build a fuller picture of a patient's biology. Moreover, the primary aim of precision medicine is to design and optimize a pathway for diagnosis, therapeutic intervention, and prognosis, using large biological datasets. Personalized, evidence-based medicine uses stored health data, which includes patient diagnosis, laboratory work, insurance claims, and demographic information. The results enable healthcare providers to predict and prevent some illnesses. Precision Medicine Market Development According to the latest worldwide market study by Juniper Research, the total investment in precision medicine will reach $132.3 billion globally by 2027 -- that's increasing from only $35.7 billion in 2022. The significant market growth of 270 percent is...

Today's cellular Internet of Things (IoT) services enable an upside opportunity for mobile network operators to leverage their infrastructure for a new revenue stream. This is most likely with 5G service launches, which were featured at MWC this week. According to the latest worldwide market study by Juniper Research, the global value of the cellular IoT market will reach $61 billion by 2026 -- that's rising from $31 billion in 2022. 5G IoT Apps Market Development The Juniper study identified the growth of 5G infrastructure and cellular Low-Power Wide Area (LPWA) technologies as key to this 95 percent increase in growth over the next four years. The new study findings also expect carrier billing spend on content bundling to enable operators to further recoup investments into 5G by charging a premium to facilitate high-quality digital video and online game streaming over 5G cellular networks. According to the Juniper assessment, in order to pursue this new opportunity, mobile ne...

Artificial Intelligence (AI) and Big Data are the foundation for smart technologies and business analytics. Moreover, AI combined with human ingenuity is now viewed as the differentiator for enterprises to scale and thrive in the era of Digital Transformation. Worldwide revenues for the AI market -- including software, hardware, and services -- are forecast to grow 19.6 percent year-over-year in 2022 to $432.8 billion, according to the latest market study by International Data Corporation (IDC). Furthermore, the market is expected to break the $500 billion mark in 2023. However, the upside opportunities are also being hampered by numerous practical solution deployment challenges.  Artificial Intelligence Market Development "AI has emerged as the next major wave of innovation. AI solutions are currently focused on business process problems and range from human augmentation to process improvement to planning and forecasting, empowering superior decisioning and outcomes. Advancements...

Cloud computing solutions continue to move closer to the edge of networks across the globe, where compute and storage are located near the source of the data. Worldwide spending on edge computing is forecast at $176 billion in 2022 -- that's an increase of 14.8 percent over 2021. Enterprise and service provider spending on hardware, software, and services for edge solutions is forecast to sustain this pace of growth through 2025 when spending will reach nearly $274 billion, according to the latest worldwide market study by International Data Corporation (IDC). IDC defines edge as the technology-related actions that are performed outside of the centralized data center, where edge computing is the intermediary between the connected endpoints and the core IT environment. Characteristically, the edge is distributed, software-defined, and flexible. Edge Computing Market Development "Edge computing continues to gain momentum as digital-first organizations seek to innovate outside of...

Chief executive officers want business technology leadership as a top goal for their C-suite this year. To compete in a Global Networked Economy, organizations are prioritizing investments in digital tools to augment physical spaces and assets. Plus, enable secure data gathering and analysis. These IT investments empower organizations to provision enterprise workloads at edge locations in support of innovative use cases. Edge computing includes IT infrastructure and software apps deployed outside of central data centers, to support data gathering and analysis closer to the source. Edge Computing Market Development IDC has identified four workloads from its taxonomy that have a significant influence among edge use cases: business intelligence or data analytics; content delivery; text and image analytics; plus networking and security. Multiple workloads are combined to support specific edge use cases. For each workload category, IDC ranks the contained workloads by the primary, secondary...

Across the globe, more leaders seek actionable insight from the customer data they've stored in huge data lakes. Worldwide spending on big data and business analytics (BDA) solutions is forecast to reach $215.7 billion in 2021 -- that's an increase of 10.1 percent over 2020, according to the latest worldwide market study by International Data Corporation (IDC). Moreover, BDA technology investment will likely gain momentum over the next five years as the global economy recovers from the COVID-19 pandemic. The compound annual growth rate (CAGR) for global BDA spending over the 2021-2025 forecast period will be 12.8 percent. Big Data Analytics Market Development "As executives seek solutions to enable better, faster decisions, we're seeing relatively healthy BDA spending across all industries. Leveraging data for insights into everything from internal business operations to the customer journey is top of mind and of strategic importance," said Jessica Goepfert, vice ...

The ongoing growth of cellular wireless network applications creates new demand for emerging technologies. Fifth-generation (5G) wireless communication includes several network layers that leverage technology such as Open Radio Access Network (Open RAN), network slicing, and cloud edge computing. Within cloud-edges, the broader Artificial Intelligence (AI) industry is witnessing a migration of AI to the edge. According to the latest worldwide market study by ABI Research, the edge AI training and inference market for chipsets is expected to grow from $2.6 billion in 2020 to $10.7 billion in 2025, at a CAGR of 35 percent. Furthermore, new enterprise use cases place new performance, agility, and latency requirements on the network. These, along with the ongoing quest to drive new growth, are compelling the industry to shed human-intensive networks in favor of an intelligence-driven ecosystem. 5G Network Market Development According to the ABI assessment, telecom service providers are alr...

Access to centralized cloud servers had led telecom network operators and their enterprise customers to assume that hyperscale public cloud service offerings would potentially enhance the storing and processing of all data being generated. However, performance issues arising from network latency translate into public cloud services being unsuitable for some data-intensive computing activities, such as analyzing complex data workloads and delivering real-time insights. Cloud edge computing, a form of distributed computing, where the device that collected the data, or an on-premises gateway, or an off-premises edge node close by, solves many problems associated with wide-area network latency. Cloud Edge Computing Market Development According to the latest worldwide market study by Juniper Research , the telecom network operator spend on Multi-access Edge Computing (MEC) will grow from $2.7 billion in 2020 to reach $8.3 billion in 2025.  Multi-access edge computing (formerly mobile ed...

A multitude of new devices have been connected to the Internet already this year, and many more will connect in the coming weeks and months. That said, the Internet of Things (IoT) gateway has become an important link in the IoT security and device authentication value chain. They've emerged as a crucial conduit for intelligent network operations across the entire IoT ecosystem, and will very likely increase the demand for more edge computing infrastructure investment. Now the new wave of next-generation smart IoT gateways has arrived at an opportune time, enabling a breadth of novel security, intelligence, and authentication operations at the edge, causing IoT vendors to revisit their deployment and IT management strategies. IoT Gateway Market Development According to the latest worldwide market study by ABI Research, there will be 21.4 million next-gen smart IoT gateways shipped in 2025. "Smart IoT gateways are currently caught amid a greater transformative evolution, furthe...

As more devices are connected to the public internet, mass quantities of data are being produced. Capitalizing on those data assets, expansion in the advanced analytics market has been enabled by new technology, products, and related services.  The inherent value of data is increasing, and that value is stimulating the Internet of Things (IoT) advanced analytics market, with the emergence of accessible out-of-the-box and off-the-shelf machine learning (ML) and artificial intelligence (AI) solutions. Vendors are now easing access to ML and AI toolsets by expanding availability through deployment options that include edge computing, on-premises infrastructure, private cloud, Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS).   IoT ML and AI Market Development According to the latest worldwide market study by ABI Research, the IoT ML and AI market will reach $1.09 billion in 2020 and grow to reach $10.6 billion by 2026. Edge ML/AI is more prevalent in manufacturing...

The Internet of Things (IoT) has moved into the mainstream by virtue of the rapidly evolving key benefits across a variety of industries. Due to developments in radio technology and falling component costs, the Internet is now being used for machines to communicate with each other and/or directly with humans. Juniper Research has identified private cellular wireless networks as a key driver of the growth of IoT adoption over the next five years. This trend has been slowly establishing itself as LTE networks can be leveraged to do so, offering a wireless data connection. With the introduction of fifth-generation (5G) wireless networking technologies, Juniper Research now anticipates that the infrastructure deployment will serve to accelerate the adoption of private cellular networks over the next five years. IoT Technology Market Development According to the latest worldwide market study by Juniper Research, the total number of IoT connections will reach 83 billion by 2024 -- ri...

Informed CEOs know that harnessing their organization's customer data with analytics can expose valuable new insights that enable business model optimization and product or service innovation. That said, the early adopter organizations have already gained a competitive advantage over their peer group. Companies that have experienced significant revenue growth collect more customer experience (CX) data than non-growth companies, according to the latest worldwide market study by Gartner. The market study found that nearly 80 percent of growth organizations use customer surveys to collect CX data, compared with just 58 percent of non-growth organizations. Customer Data Analytics Market Development "There is a clear trend among growing companies to actively collect CX data using a wide variety of tools such as surveys, usability testing, focus groups and real-time analytics," said Jessica Ekholm, vice president at Gartner . This is what Gartner's analysts call t...

Applications for the Internet of Things (IoT) in the aviation industry have evolved, as new use cases are identified. According to the latest worldwide market study by Berg Insight, the global installed base of active airport asset tracking systems was over 0.2 million units in 2019. This includes all airport asset tracking systems deployed for various motorized ground support equipment (GSE), non-motorized equipment (NME) as well as other applicable mobile airport assets such as on-road vehicles used in airport environments. Airport Asset Tracking Market Development Growing at a compound annual growth rate (CAGR) of 15.4 percent, the active installed base of airport asset tracking systems is estimated to reach close to 0.5 million units worldwide in 2024. That said, the current crisis in the aviation industry that's due to the COVID-19 pandemic will likely also slow down the airport asset tracking market in the short-term. Berg Insight nevertheless anticipates increasing...

CIOs and CTOs are exploring new ways to extract insights from their enterprise data assets with analytics tools. While they continue to invest in on-premises solutions, they're also looking to public cloud service providers. As cloud computing providers grow their footprint in the internet of things (IoT) value chain, their investments in data and analytics services are accelerating. Based on the review of cloud service provider offerings, recent acquisitions, and the competitive outlook, ABI Research now forecasts that cloud suppliers will grow their share of IoT data and analytics management revenues from $6 billion in 2019 to $56 billion in 2026. IoT Data and Analytics Market Development While the growth is impressive, cloud vendor services today are focused on data management complemented by a generic analytics toolset. That said, cloud computing vendor revenues come primarily from streaming, storage, and the orchestration of data. In contrast, most analytics service ...

When you think about the applications of big data and analytics, the industrial and manufacturing sector may not be top-of-mind. However, consider that every type of commercial enterprise will become a 'digital business' and it makes sense. Automation and big data analytics will continue to transform key sectors of the global economy. Today's factories run on data. To harness that data, manufacturers are turning to software applications such as Electronic Resource Planning (ERP), Manufacturing Execution Systems (MES), Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Inventory Management, and CRM and Demand Planning. Big Data Analytics App Market Development The investment within the industrial and manufacturing sector on these applications is set to grow from $18 billion in 2019 to just over $27 billion in 2024, according to the latest worldwide market study by ABI Research. "Data underpins activities such as onboarding raw mater...

Advances in semiconductor technology enable apps at the edge of networks, creating new uses cases. The global edge computing market was valued at $1.47 billion in 2018 and is forecast to reach $28.84 billion by 2025 at a CAGR of 54 percent, according to the latest worldwide market study by Grand View Research . The growing need to process large volumes of data generated from the Internet-of-Things (IoT) applications that are closer to the end-user will drive demand for these solutions. Increasing emphasis on cost reduction and process automation will also motivate more adoptors. Edge Computing Market Development Organizations are already applying edge computing technology to enhance operations and gain real-time insights from their IoT data. Thus, the continued transition toward edge computing is expected to influence the IT strategies of more CIOs and CTOs at forward-thinking companies. Continued adoption of edge computing for data center applications is also expected to prope...