Machine to Machine (M2M) and Connected Devices
Overview of the 5G equipment market
Extensive research carried out by the analysts at Technavio has shown that the global 5G equipment market is anticipated to witness tremendous growth and will post a staggering CAGR of more than 32% over the forecast period. With the growth of complementary technologies such as software defined networking (SDN) and network functions virtualization (NFV), the market for 5G equipment is expected to have a positive outlook in the coming years. According to the market research analysts, by 2020, nearly 2.2 billion mobile connections will be using LTE technology. This growth in mobile data traffic is driven by an increase in the number of data capable devices and high bandwidth applications. New technologies like SDN enable new revenue streams to telecom operators by re-examining network architectures, introducing virtualization, and providing intelligence solutions. Also, SDN and NFV provide more flexibility and seamless integration with infrastructure layers. Moreover, NFV facilitates advancements in server virtualization and enterprise IT virtualization, while SDN allows logical centralization of control functions. Furthermore, SDN and NFV enable telecom carriers to reduce their dependency on hardware-based network equipment and diverting their focus on software and server-based infrastructure.
The rapid deployment of smart grid systems is one of the latest trends gaining significant traction in the market. Several countries like India, the US, China
Outlook of the global Li-Fi market
According to the analysts at Technavio, the global market for Li-Fi will grow profoundly at a CAGR of almost 48% by 2020. The advent of IoT-enabled Li-Fi is a major factor spurring the growth prospects for this market during the estimated period. Generally, IoT uses several technologies such as RFID, sensors, barcodes, and GPS, and helps monitor and manage physical assets in an organization. With the aid of IoT, every device or asset of an organization can be interconnected with other assets. As a result, retailers from across the globe have started using M2M-based digital signage to provide users with essential information about their new product launches, latest additions in product lines, and discounts. Since M2M-based digital signage delivers information on a real-time basis, it can be used to display video messages at the point of sale and enhance customer outreach.
At present, the Americas dominates this market and is anticipated to exhibit strong growth during the forecasted period. The extensive use of radio frequency for Wi-Fi has created a severe spectrum crunch in the Americas, which, in turn, has led to a fall in the bandwidth offered; thus, affecting high-speed communication. This advancement is expected to take over the Wi-Fi market in applications such as horticultural lighting, industrial and commercial, and marine lighting.
Competitive landscape and key vendors
The global Li-Fi market is highly competitive as numerous research centers, institutes, and consortiums are undertaking R&D activities to develop and commercialize the Li-Fi technology. Since the market has a high growth potential,
Overview of the global mobile backhaul equipment market
Mobile backhaul plays a very crucial role in delivering good user experience and overall network performance. The mobile backhaul capacity needed per base station varies, depending on target data rates and population density The global mobile backhaul equipment market is anticipated to grow steadily during the forecast period because of the proliferation of small cells and growth in the mobile data traffic owing to increase in the number of data-capable devices and high-bandwidth applications. Moreover, the increased use of point-to-point microwave transport technology will further drive the growth of this market in the coming years. Microwave technology offers cost-efficient backhauling for high-speed voice and data services. It supports high data rates and helps to overcome the high cost and limited availability of fiber lines. The increased use of microwave technology provides hassle-free transfer of data, which will drive market growth during the forecast period. Technavio’s market research analyst predicts the global mobile backhaul equipment market to grow at a moderate CAGR of more than 2% by 2020.
Several telecom firms in the market are inclining toward millimeter wave solutions which involve the transmission of information through radio waves having a wavelength in the range between 1mm and 10 mm. There is an increase in the use of millimeter wave for backhaul of small cells and macrocells. These solutions offer higher bandwidth and play a key role in mobile backhaul and wireless communication. The millimeter wave equipment works on unlicensed E-band, licensed E-band, and W-band. This has
Overview of the public safety LTE market in the US
Extensive research carried out by the market research analysts at Technavio has shown that the public safety LTE market in the US will grow impressively and will post a staggering CAGR of more than 19% during the forecast period. With several innovations in LTE technology, the market for public safety LTE in the US is expected to have a positive outlook in the coming years. The increase in demand for public safety LTE applications will be governed by R&D innovations and optimization of support equipment and devices. For instance, the emergence of LMR systems will allow end users to be less dependent on one infrastructure vendor. Many public safety agencies are focusing on improving the security of their systems, which will boost the demand for advanced technologies such as LTE and VoLTE.
The increasing number of devices supporting LTE and LMR networks is a significant trend propelling this market’s growth prospects. In the commercial space, the use of LTE for public security is gaining traction at a faster rate. Commercial networks are being deployed across the globe, which has led consumers to buy LTE-enabled devices. Moreover, LTE is being used for the safety and security of crew related to onshore and offshore oil exploration in the US. Also, with the availability of LMR networks, the demand for devices that support both LTE and LMR networks
Overview of the fixed satellite service (FSS) market
According to the market research analysts at Technavio, the global fixed satellite service (FSS) market is anticipated to grow steadily at a CAGR of nearly 6% over the forecast period. With the increasing number of broadband and DTH subscriptions, the market for fixed satellite service is anticipated to have a positive outlook in the coming years. The number of broadband subscribers in MEA and APAC countries has increased significantly over the last few years, resulting in intense competition for satellite launches among FSS operators. The large subscriber base in countries like India and China, along with the ever-changing regulatory and competitive landscape of the market has led to an augmented demand for FSS solutions.
Most FSS operators these days are adopting new business models that enable them to offer value-enhanced services like uplink services, teleports, private networks through VSATs, and data multicasting to their customers. The majority of operators either enter into partnerships or purchase ground stations across the globe to offer these services. Moreover, FSS operators are selling end-to-end solutions instead of transponder capacity and can manage IP-based services such as IP trunking and broadband. This trend is gaining significant traction in the market, which is expected to spur the growth prospects of this market over the next four years.
Competitive landscape and key vendors
The global FSS market comprises operators that own and operate satellites and lease out the transponder capacity on these satellites to
Overview of the VSAT market
Extensive research carried out by the analysts at Technavio has shown that the global very small aperture terminal (VSAT) market is expected to witness fast-paced growth and will post an impressive CAGR of more than 9% over the forecast period. The increasing demand for technologically advanced satellite imagery is one of the primary factors driving this market’s growth. High-resolution digital satellite aerial imagery is becoming increasing popular among city planners, developers, and engineers as the information from derived from these images along with GIS mapping is used for analysis, strategic planning, and evaluation in engineering and urban planning. Moreover, images provided by satellite offer valuable data and information, which are used by government organizations across different sectors including defence, oil and natural gas, mining, meteorology, and agriculture. Furthermore, with advancements in technology and introduction of image-enhancing equipment and remote-sensing technology, the quality of satellite-based EO images has significantly enhanced, leading to their increased adoption.
One of the recent trends spurring this market’s growth prospects is the increasing use of satellite services for cross-vertical applications like telemedicine. With the growing demand for healthcare facilities and advancements in technology, telemedicine is gaining significant