Digital Mining Market Size Worth $19.83 Billion By 2032 | CAGR: 9.6%

𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐬𝐭𝐮𝐝𝐲, 𝐭𝐡𝐞 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐦𝐢𝐧𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 8.78 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2023 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 19.83 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 9.6% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
Digital mining is the use of advanced tools and technologies to enhance the safety, efficiency, and sustainability of mining tasks. It encompasses a wide range of tools, including autonomous vehicles, predictive maintenance, and vehicle control systems. Also, advanced technologies such as artificial intelligence, data analytics, blockchain and IoT are included in digital mining. These tools and technologies facilitate the monitoring of mining equipment in real-time.

Using unmanned machines and vehicles, mining sites can ensure the safety of miners in deep underground mining. Besides, blockchain and IoT promote responsible sourcing by ensuring traceability and transparency in the mining supply chain. The rising emphasis on sustainable mining operations and implementations of regulatory policies to reduce ecological footprint drives the digital mining market demand.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/digital-mining-market/request-for-sample

𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:
• The global digital mining industry was valued at USD 8.78 billion in 2023 and is anticipated to reach USD 19.83 billion by 2032.

• The growing mining sector and the increasing adoption of new digital solutions are the primary factors driving the need for digital mining.

• The digital mining market segmentation is primarily based on technology, application, and region.

• By region, Europe is anticipated to account for significant growth in the digital mining market.

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Industry participants are increasingly focusing on local manufacturing to reduce operational costs. Also, they are making significant investments in R&D initiatives to expand their product offerings.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:
• Caterpillar
• Hexagon AB
• IBM
• Komatsu Mining Corp.
• Rockwell Automation, Inc.
• Sandvik AB
• SAP
• Siemens

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Growing Mining Sector: There is increased demand for metals from industries such as energy, infrastructure, automotive, machinery, and cosmetics. In addition, governments worldwide are supporting the mining industry to lower its ecological footprint and speed up the development of clean energy. This, in turn, drives the digital mining market demand.

Rising Adoption of New Digital Solutions: In recent years, there has been an increase in the use of digital solutions in mining processes. These solutions improve the safety and efficiency of mining operations while reducing downtime. Also, they enable the collection and analysis of vast data amounts from mining operations.

𝐓𝐫𝐞𝐧𝐝𝐬:

Government Regulations: There are numerous opportunities for unexplored metal and mineral deposits. As such, governments worldwide are developing apt regulations to attract investments and improve their business environment, impacting market sales favorably.

Leading Market Regions:
The research study offers insights into several regions and sub-regions of the market. The major regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Europe is projected to witness significant growth over the estimated period. The region’s robust growth can be attributed to ongoing technological advancements that have the potential to reduce emissions and lower energy consumption. Besides, increasing research initiatives are having a positive impact on the regional market expansion.

North America is anticipated to witness the fastest CAGR in the digital mining market. This is due to the higher adoption of digital mining and the availability of favorable regulatory policies in the region. Also, the presence of major companies further propels the market growth in the region.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/digital-mining-market/request-for-discount-pricing

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐢𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:
• Automation & robotics
• Real-time analytics
• Cybersecurity
• Other

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐢𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:
• Iron & ferro alloys
• Non-ferrous metals
• Precious metals
• Other

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐢𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/digital-mining-market/inquire-before-buying

𝐅𝐀𝐐𝐬:

What is the growth rate of the digital mining market?
The market is anticipated to grow at a CAGR of 9.6% during the forecast period, 2024 to 2032.

Which technology led the digital mining market in 2023?
The automation & robotics segment dominated the market in 2023.

Who are the key players in the market?
The key players in the market are ABB, Caterpillar, Hexagon AB, IBM, Komatsu Mining Corp., Rockwell Automation, Inc., Sandvik AB, SAP, and Siemens.

Which application segment had the largest market share?
The precious metal segment accounted for the largest share of the global market.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐌𝐢𝐜𝐫𝐨 𝐌𝐨𝐛𝐢𝐥𝐞 𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/micro-mobile-data-center-market

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/digital-radar-market

𝐑𝐨𝐛𝐨𝐭𝐢𝐜 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/robotic-platform-market

𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐎𝐓) 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/operational-technology-ot-security-market

𝐐𝐮𝐚𝐧𝐭𝐮𝐦 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/quantum-computing-market

Urgent Care Apps Market Size to Reach $9.81 Billion By 2027 | CAGR: 36.9%

New York City, 6 Nov 2020: The global Urgent Care Apps market size is predicted to reach USD 9.81 billion by 2027 according to a new study by Polaris Market Research Urgent Care Apps also known as ‘immediate care’ apps are designed to provide the instant virtual care to the patients and offer help to the healthcare providers in context with the serious medical conditions. The urgent care apps can be accessed 24/7 and helps to deliver the immediate course of action at emergency period. The urgent care apps also help to reduce the healthcare cost and provides virtual quality care like ER (Emergency Rooms).

Recent developments in global market include the new app launches such as CURE ID, telehealth, virtual care apps, etc. The increasing awareness of addressing the emergency situations virtually leads to market growth.

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The prominent factors favoring the global market growth include increasing initiatives taken by the government and the legal authorities to address the diseases of the patients in the healthcare industry. For instance, in December 2019, the U.S. Food and drug Administration launched of an internet-based application i.e., CURE ID for healthcare professionals to treat patients with infectious diseases with novel uses of existing medicines through a smartphone, mobile device, and a website.

The rising initiatives in the healthcare sector to provide an extensive care to the individuals leads to foster the growth of the global market. For instance, in March 2020, a healthcare startup for senior citizens, Arvi announced to launch an emergency app i.e., SOS which provides the function to press a button on the mobile app in case of emergency to receive medical support from the company.

Market participants such as Medisafe, Forward Health, Allm, Johnson & Johnson, Pulsara, Hospify, TigerConnect, Vocera Communications, Twiage, PatientSafe Solutions, Imprivata, Voalte, Alayacare, Siilo, Pivot Design Group, and Argusoft are some of the key players operating in the global market.

Players in the market are focusing on new launches of the app, increasing expansions, collaborations and partnerships to enhance their market and revenue share. For instance, in March 2020, the company Apple in collaboration with the CDC, the White House, and the (FEMA) Federal Emergency Management Agency has announced to launch an application and a website that helps an individual to do self-screening test for the COVID-19. The collaborations of the leading companies and the regulatory authorities formed to innovate an application based on the virtual screening of the coronavirus pandemic and care for the patients to lead them the healthier lives. 

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5G Testing Equipment Market Worth $3.46 Billion By 2027 | CAGR: 8.85%

New York City, 6 Nov 2020: The global 5G Testing Equipment Market size is predicted to reach USD 3.46 billion by 2027 according to a new study by Polaris Market Research 5G testing equipment is one of the advanced technologies in terms of mobile phones and network connectivity. Evolution in region of network connectivity straight from 2G, 3G, to 4G and the current version of 5G, and updated network technology. 5G is the advanced generation in the sequence of cellular communication technologies, operating in excessive radio frequency bands, allowing novel usage framework beyond current mobile broadband.

Recent developments in the global market include Keysight N9952A FieldFox Handheld Microwave Analyzer, 50 GHz., Keysight N9040B UXA Signal Analyzer, 2 Hz – 50 GHz, Anritsu MT1000A OTDR / CPRI Kit for Verizon Tower Testing, Consultix 5G Portable CW Transmitter, Rohde & Schwarz SMW200A Vector Signal Generator 3 GHz or 6 GHz.

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Moreover, continuous investment in Research and development activities also fueling the market growth. For instance, In February 2020, Cavli, a IoT hardware solution provider, announced the release of its 5G testing network within the India. The release of 5G technologies is predicted to have a transformative impact, mainly in smart regions and industries, globally. The company’s research and development is established at the Cochin.

The major factors driving the market growth include rising demand of smartphones and other connected equipment with upgraded features and surging demand for single network to allow various industries coupling with growing new developments. Inflating demand of 5G in segments including entertainment, construction, automotive, medical, security, and many more is building a requirement for using 5G testing equipment.

Anritsu, Artiza Networks Inc., EXFO Inc., Fortive Corp., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Holdings Inc., Rohde & Schwarz GmbH & Co. KG, Siklu Communication Ltd., Teradyne Inc., Trex Enterprises Corporation, and VIAVI Solutions Inc. are some of the major players operating in the market.

Players in the market are emphasizing on new product innovations, growing expansions, collaborations and partnerships to improve their market share and product portfolio. For instance, in July 2020, Reliance Communications, declared that Jio was developing a homegrown 5G solution. According to their claim, the company’s 5G solution will be built in India to promote Make in India initiative. Through this Reliance Jio will release world class 5G service within the home country.

Similarly, in May 2020, Rohde & Schwarz collaborated with Digita, a Helsinki-based telecommunication organization, to achieve the Digital Video Broadcasting of Second Generation Terrestrial (DVB-T2) network upgrade all over Finland. Rohde & Schwarz has provided nearly 80 ultra-high frequency (UHF) HD transmitters. This amalgamation aided Digita to improve its power efficiency and redundancy all over the new network. Both the two firms have also commenced a 5G broadcast trial in the Greater Helsinki region.

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LTE and 5G Broadcast Market Size Worth $1,064.91 Million by 2027 | Polaris Market Research

New York City, 6 Nov 2020: The global LTE and 5G broadcast market size is expected to reach USD 1,064.91 million by 2027 according to a new study by Polaris Market Research. Long-Term Evolution (LTE) refers to a key standard that is being used for high-speed wireless communication through the data terminals and mobile devices such as smart phones, tablets, Kindle, etc. LTE offers internet services based on Global System for Mobile Communications (GSM), Universal Mobile Telecommunications System (UMTS), Enhanced Data rates for GSM Evolution (EDGE), and High Speed Packet Access (HSPA) technologies. LTE boosts the speed and capacity by deploying a varied radio interface along with the improvements of the core network.

5G broadcast refers to the advanced wireless technology that is capable of improving the overall mobile experience of the consumers while offering them with limitless data consumption capabilities. The advent of 3rd Generation Partnership Project (3GPP) has improved 5G broadcast services Release 14 and the subsequent release 15 are the latest versions of the 3GPP services that are known as Further Enhanced Multimedia Broadcast Multicast Service (FeMBMS)

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5G broadcast is also known as the Enhanced Television services (EnTV) which is primarily invented to enable seamless delivery of digital television over the presently used mobile networks. 5G services is the need of the hour for businesses and individuals worldwide and the consumers, mobile operators, content providers and broadcasters need the 5G services through the existing mobile networks.

The prominent factors favoring the LTE and 5G broadcast market growth include rising smartphone penetration and growing base of LTE mobile subscribers coupled with increasing demand for high speed mobile devices data services and ever expanding video traffic. In addition, the increasing need for minimizing the congestion in network capacity also contributes to global market growth. According to the ABC News March 2020 publication, there’s extensive network congestion in Australia mainly due to the increasing number of people who are working from home owing to the COVID-19 pandemic. This has boosted the demand for a wider bandwidth mobile network such as LTE and 5G broadcast so as to minimize the network congestion

5G broadcast enables consumers to use limitless data while also enhance their overall mobile device usage experience as against the traditional 4G LTE broadcast. The FeMBMS standard offers a complete band of high-power high-tower (HPHT) advanced applications through the use of downlink mode. The content providers and television broadcasters have significant opportunity to increase their customer reach by using 5G broadcast since this technology enables them to proactively and directly address the mobile devices. The rising demand for premium video content by the consumers including, live broadcast of a sports event is expected to fuel the 5G broadcast demand.

Market participants such as AT&T, Athonet, Cisco, Enensys Technologies, Ericsson, Expway, Huawei, Intel, KDDI, KT, NEC, Netgear, Nokia, Qualcomm, Samsung Electronics, SK Telecom, Telstra, T-Mobile, Verizon Wireless, and ZTE are some of the key players that are currently operational in the global market.

The players in the market are primarily focused on product innovation & development as well as acquisitions to improve upon their product portfolio as well as boost their geographical presence. For instance, in December 2019, Videotron has partnered with Samsung Electronics to deploy 5G radio access and LTE Advanced technologies all across Canada. This strategy enables Videotron to boost the implementation of its advanced high-speed network. In addition, in February 2020, U.S. Cellular has purchased 5G driven New Radio (NR) technology from Samsung Electronics that has enabled U.S. Cellular to implement highly advanced outdoor and indoor internet connectivity services.

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Private 5G Network Market Set To Register $8.32 Billion By 2027 | CAGR: 36.8%

New York City, 6 Nov 2020: The global private 5G network market size is expected to reach USD 8.32 billion by 2027 according to a new study by Polaris Market Research.Furthermore, in the wake of COVID-19 pandemic, the Wi-Fi hotspots are overloaded and the demand has increased significantly for higher capacity & data speeds. Therefore, incorporating of private 5G networks has increased among the private organization, regulators, manufacturers, and other potential users globally.

A private 5G network is a cellular network which comprises of core network servers and cell sites to support the connectivity. Also, maximizes WAN connection to mobile end points.  In addition, this network provides features such as network slicing, far lower latency, superior bandwidth, among others. Moreover, a private 5G network provides industries with high-performing networks and helps in operations of several technologies such as automated guided vehicles (AGVs), drones, sensor technology, heavy machinery automation, robotics, and others. To address wireless communication requirements in operations of industries, public safety and others is leading to rise in demand of private 5G networks.

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Factors such as demand & applications for real-time based networking and Time-sensitive Networking (TSN) has tremendously increased among several industry vertical such as oil & gas, manufacturing, aerospace, and transportation. Thus, due to this increased application & technological development are fueling the demand for private 5G network and is expected to witness significant growth during the forecast period.

Market participants such as Altiostar, AT&T Inc., Broadcom Inc., Cisco Systems, Deutsche Telekom, Huawei Technologies Co, Nokia Corporation, Qualcomm Technologies, Inc., Samsung, Telefonaktiebolaget LM Ericsson, T-Systems International GmbH, Verizon Communications, Vodafone Limited, and ZTE Corporation are some of the key players operating in the global market.

Players in the market are focusing on developing new products and partnering with industrial manufacturers to establish a private 5G network-based devices on a private 5G network within the geographic footprint. For instance, in July 2020, Nokia has launched a commercial 5G standalone private wireless networking solution for businesses in the marketplace that would accelerate digitalization in different sectors.

Cisco introduced Premium Mobile Broadband (PMB) is a private LTE solution that delivers high-speed mobility and allows security for mobile roaming. Accenture and AT&T has developed a private cellular network solution for manufacturing, energy, and logistics for multinational Phillips 66.

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5G Fixed Wireless Access (FWA) Market Size to Reach US$ 88.5 billion by 2027 | CAGR: 99.3%

New York City, 6 Nov 2020: The global 5G Fixed Wireless Access (FWA) market size is expected to reach USD 88.5 billion by 2027 according to a new study by Polaris Market Research. 5G Fixed Wireless Access (FWA) enables the network providers/operators to offer extremely high speed broadband connection to even the rural and suburban areas, providing support to the businesses and home applications where the optic fiber proves to be highly expensive to install and maintain.

Delivering of fixed broadband to get high-speed data services and key technologies such as the WiMAX for superior data speed have seemed to fail because they required highly expensive overlay infrastructure and proprietary equipment. Contrastingly, 5G Fixed Wireless Access (FWA) deploys only general mobile components and standard 3GPP architectures to offer high-speed data connection services both to the enterprise and home customers.

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Some of the major drivers of the market include, rising demand for high-speed internet connectivity and wide network coverage with minimal power consumption and latency along with the growing adoption of advanced technologies including, Internet of Things (IoT)/ Machine-To-Machine (M2M). In addition, increasing deployment of millimetre-wave technology in 5G FWA also contributes to the market growth. According to the Economic Times, January 2018 publication the rising demand for data is expected to fuel nearly 44% growth in the total number of wireline broadband subscribers across India over the forthcoming four years. This is expected to further boost the competition in the market.

As per Nokia, June 2020 study, the 5G Fixed Wireless Access (FWA) is the highly demanded 5G use case that is proved among the customers worldwide. This study was being conducted by the Park Associates and it surveyed approximately 3,000 people across the countries such as the United States, United Kingdom and South Korea. The result of the study illustrated that there’s substantial opportunity for the mobile operators to compete with the broadband service providers through their offering of 5G Fixed Wireless Access (FWA) to businesses and homes.

Market participants such as Arqiva, AT&T Inc., Cellular South, Inc. (Cspire), Cisco, Cohere Technologies, Inc., Ericsson, Hrvatski Telekom, Huawei, Mimosa Networks, Inc., Mobile Telephone Networks(MTN), Nokia, Orange S.A., Qualcomm Technologies, Samsung Electronics, Siklu Communication, Swisscom, Telefónica S.A., Telus Corporation, United States Cellular Corporation, and Verizon Communications Inc. are some of the key players operating in the global market.

Players in the market have adopted strategies such as product launch to strengthen their position in the 5G Fixed Wireless Access (FWA) market. For instance, in April 2018, Siklu Inc. unveiled SmartHaul Wireless Network Design Engine (WiNDE) which automates complex mmWave network designs and accelerates time to deployment. WiNDE is part of a SmartHaul SaaS Application suite, including Range Estimator tool and a Financial Analysis Calculators.   

In addition, in March 2018, Mimosa Networks introduced the B24 wire-less backhaul services with the un-licensed 24 GHz band. The B24 can deliver speeds of up-to 1.5 Gbps IP through-put, and leverages the company’s proprietary “Spectrum Reuse Sync” (SRS) based technology.

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5G IoT Market to Surpass USD 11.35 Billion By 2027 | CAGR: 45.8% | Polaris Market Research

 New York City, 6 Nov 2020: The global 5G IoT market size is expected to reach USD 11.35 billion by 2027 according to a new study by Polaris Market Research . 5G network provides a smooth communication and networking functions and works under a wireless high-frequency technology. In addition, the technology provides an advanced, improved flexibility of wireless services, higher network speed, and reduced latency. IoT devices such as wireless sensors, computer devices, software, actuators, and others largely depend on prompt communication and data transfer services, which is provided through this technology.

Moreover, it offers improved flexibility of wireless services and are largely dependent on instant communication & data transfer provided through 5G technology. It plays a vital role in the evolution of communication as well as in the businesses and society in the market. For instance, in order to obtain measurements from a boiler or other equipment in manufacturing industry, 5G IoT offers ultra-reliable communications for several time-sensitive communications processes.

  

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Increased demand for manufacturing & adoption of this technology will not only provide reliable networks but also deliver fantastic secure connection for Industrial IoT by assimilating security into the network architecture. Moreover, factors such as rise in demand for processing of collected data via sensors, analyzing, and real-time tracking of business operations & other activities across several industrial sectors are some of the other factors fueling the market growth. Furthermore, with providing backing operations that require real-time access to data changes instantly and increased demand for ultra-low latency from numerous sectors are some of the factors driving the market growth.

However, lack of research and innovation and high upfront costs for infrastructural establishment are limiting the market growth. On the contrary, consumer landscape and changing business environment are expected to provide lucrative opportunities to the global market in the upcoming years. For instance, in 2019, Microsoft has announced a partnership with AT&T, which is a multinational conglomerate holding company in order to unlock 5G scenarios via its Azure Edge Zones. In addition, the partnership aimed at operating and extending its service using 5G and LTE networks. The Azure Private Edge Zones solutions helps in providing high-security applications such as factory IoT & robotics management, private smart grid for hospitals, among others.   

Market participants such as Anritsu, AT&T, Bell Canada, BT Group, Ericsson, Etisalat, Huawei, Juniper Networks, Inc., Nokia, Palo Alto Networks, Inc., Qualcomm Technologies, Inc., Rogers, Sierra Wireless, Singtel, Sprint, Syniverse Technologies LLC, Telefónica, Telenor Group, Telstra, Telus, Verizon, and Vodafone, among others. are some of the key players operating in the global market.

Key players in the market are focusing on launching new products & developing existing offering and have adopted various strategies to expand their foothold in the market. Also, governments in countries such as U.S., South Korea, China, Japan, among others are expected to largely adopt & implement 5G IoT technology in the coming years. For instance, Nokia and Korea Telecom (KT) has collaborated to conduct trails of 5G NFV and network slicing which will allow to provide innovative services, including virtual reality, smart factory, IoT use cases and connected cars. Qualcomm Technologies, Inc. recently announced 212 LTE IoT modem, single mode, NB2 IoT chipset which allows for less power consumption.

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5G System Integration Market size is expected to grow at a CAGR: 25.4% from 2020-2027

New York City, 5 Nov 2020: The global 5G system integration market size is expected to reach USD 45.5 billion by 2027 according to a new study by Polaris Market Research.

5G system integration refers to the process of strategically combining both the physical and virtual components of the enterprise through novel and advanced applications or systems to operate over the ultra-fast 5G network. There are a variety of applications of this system integration including, industrial sensors, smart city, gaming & mobile media, fast broadband/Ultra High Definition (UHD) television, industrial sensors and smart city.

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Some of the primary benefits of 5G system integration includes connected vehicles and smartphones. This system integration allows for seamless connectivity and ultra-high speed internet connection which is required for making the self-driving cars and autonomous vehicles a reality. 5G networks enable high-speed communication between all the things on the road or by the side of road including, gas stations, shops, etc. The integration allows seamless communication and data processing between the infrastructure, networks, vehicles and pedestrians. The usage of advanced 5G smartphones will soon become a trend as the users switch from the traditional 4G technology to 5G. These newest smartphones would have all the features that people desired for in their previous 4G-enabled phone that acts as a key benefit concerning the introduction of 5G system integration.

It also provides a major benefit over the previous technology with short lag times and unlimited browsing capacity. 5G system integration also promises next-generation immersive gaming experience in addition to the fast streaming and superior video quality. Some primary benefits also comprise of offering multisensory digital high-definition content driven by greater capacity that would support key technologies such as 3-Dimensional viewing, Augmented Reality (AR) and Virtual Reality (VR).

Some of the key factors driving the global market include, a notable increase in demand for ultra-high speed internet to reduce the response time for customers and rising popularity of Software-Defined Networking (SDN) and Network Function Visualization (NFV). Further, high adoption of collaborative robots and connected sensors also boost the demand for 5G services in order to develop superior connectivity that also contributes to the system integration market growth. According to the European Commission (EC), June 2020 publication, 11 novel horizon 2020 5G infrastructure projects that are under the 5G public-private partnership (5G-PPP) in Europe are expected to start in September 2020. The primary objective of this partnership is to capture key growth opportunities in development and innovation of 5G hardware across the cross-border corridor in Europe.

Market participants such as ALTRAN, AMDOCS, Atos Syntel, CA Technologies, Capgemini, Cisco Systems, Inc., Cognizant, ECI TELECOM, Ericsson, HCL Technologies Limited, HPE, Huawei Technologies Co., Ltd., IBM Corporation, Infosys Limited, Keysight Technologies, Oracle Corporation, Radisys Corporation, Samsung Electronics Co., Ltd., Sigma Systems, Tata Consultancy Services Limited, Tech Mahindra, Wipro Limited, and ZTE are some of the key players operating in the global market.

Players in the market have adopted product launch and acquisition strategies to strengthen their position in the medical drones market. For instance, in March 2020, Fujitsu has launched the first commercial private 5G network in Japan that also solidify its market position. Moreover, in May 2020, HCL Technologies has acquired Cisco’s self-optimising network (SON) technology to boost its 5G capabilities that also boost its market position.

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5G Smartphone Market Growing at a CAGR of 122.7% from 2020-27 | Polaris Market Research

New York City, 5 Nov 2020: The global 5G Smartphone Market size is expected to grow at a CAGR of 122.7% from 2020 to 2027 according to a new study by Polaris Market Research. The demand for 5G smartphones in 2019 was 12.42 million units, however the market saw a precipitous decline in the average  selling price during Q1 of 2020 due to the COVID-19 pandemic as one of the major reasons and the price fall continued during Q2-2020. Another major reason of the decline was the low-priced Chinese 5G devices. However, the overall market is expected to bounce back during Q3 and Q4 of 2020 and is estimated to accelerate and grow during the forecast period. This also affected the average selling price of the 5G devices.

5G Smartphone are devices that support the fifth generation of mobile networking. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Theoretically, 5G is said to be 100 times faster than its predecessor, with estimated speeds up to 10 Gbps. Smartphones require 5G compatible sensors and receivers to support the additional speeds.

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The increasing demand for high speed internet for both small and large sized businesses and individuals for buffer-free streaming and the prominence of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, Disney+, etc. are the prominent factors responsible for this prolific growth.

On-demand content is being increasingly preferred by the younger generation, and the advent of 5G Smartphone will provide them with a tool for viewing high quality content on the go. High speed internet is required for providing a hassle-free streaming experience. Furthermore, with the growth of both residential and industrial IoT, smartphones will play the role of a personalized authentication device for enhanced security purposes.

Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Furthermore, government bodies around the globe are mulling over regulations pertaining to the user of 5G spectrum to speed up the adoption of 5G.

In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. The U.S. Federal Communications Commission (FCC), on the other hand, has amended the rules that govern equipment modification. New hardware can be installed on the existing poles to bring down the capital costs and speedup the deployment of 5G. Since 5G will be build mainly on the existing 4G infrastructure, the stakeholders will need to provide fool-proof strategies to ensure that the networks are capable of handling the additional data speed and connected devices.

Apple Inc., Ericsson, China Mobile, Huawei Technologies Co. Ltd., Motorola, Inc., Lenovo Group Limited, BBK Electronics Corporation, Nokia, LG Electronics Inc., TCL Communication Limited, Xiaomi Corporation, Samsung Electronics Co., Ltd and Vivo Mobile Communication Co., Ltd. some of the key players operating in the market.

The 5G smartphone manufacturers are focusing on indirect sales channels to increase their unit sales. Xiomi, for instance, is bringing down its operational expenses by partnering with platforms such as Walmart and Amazon for 5G smartphone sales. Also, prominent players such as Samsung and BBK electronics are aggressively pursuing the mid-range smartphone segment to target the middle and upper echelons of the society.Furthermore, the number of multi-SIM smartphone models are expected to increase in the coming years, as the manufacturers are promoting dual-network capability in smartphones. Samsung, for instance, supports dual-SIM technology in A51 5G smartphone, which was launched in April, 2020. These allow the consumers to use a local and a roaming SIM in the same device during international travel.

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5G Services Market Set to Register 41.1% CAGR During 2021 – 2027 | Polaris Market Research

New York City, 5 Nov 2020: The global 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new study by Polaris Market Research. 5G is the next generation cellular technology, offers download speeds approximately 100 times faster than 4G LTE networks. 5G services improve telecommunication service providers and businesses to deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in comparison to the previous technologies.

The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media and entertainment industry and on-demand content is being increasingly preferred by the younger generation.

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Robust deployment of 5G services, networks, and infrastructure advancement to provide enhance services for the customers is projected to drive the demand in the forecast years. Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Therefore, the demand for 5G services can likely be engineered 5G component to make its use in a cost-effective manner.

Market participants such as AT&T Inc., Bharti Airtel Limited, BT Group plc,  China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and Vodafone Group are some of the key players operating in the global market.

Recent key initiatives by the key industry players show expresses the need of such services. For instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G Android based operating system smartphone and launch services as well. Telefonica Deutschland has signed contracts with multiple vendors to build 5G cellular network across Germany.

The 5G services manufacturers are focusing on enhanced mobile broadband (eMBB) segment to deliver higher capacity and higher user mobility that will enable broadband services of mobile in moving vehicles including car, buses, trains and planes. In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. Furthermore, the IT and telecom vertical are expected to rise in the coming years as the growing demand for higher data speeds and enhanced virtual business meetings.

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5G Enterprise Market Technological Advancement & Growth Analysis with Forecast to 2027

New York City, 5 Nov 2020: The global 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research. 5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer. They will establish new connectivity, which will assist the businesses to widen their capabilities.

Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510. These instruments offer new and advanced technological features and supports 5G NR radio interference.The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.

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For instance, in February 2019, Infosys declared that they have commenced a 5G technology as a service to form their own distribution network. This will assist the big firms to establish their own economic world by utilizing 5G technology. 5G Living labs will originate at Indianapolis, Bengaluru, Frankfurt, Richardson, and Melbourne.

Market participants such as Affirmed Networks, Airspan Networks, American Tower, AT&T Inc., China Mobile, Ciena Corporation, Cisco Systems Inc., Comba Telecom Systems, Commscope, EE Limited (BT Group), Ericsson, Extreme Networks, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies Co., Juniper Networks, Korea Telecom, Mavenir, NEC, Nokia, Qualcomm Technologies Inc., Samsung, SK Telecom Co. Ltd., T-Mobile, Verizon Communications, VMware, Inc., ZTE Corporation are some of the key players operating in the global market.

Players in the market are focusing on new product launches, increasing expansions, collaborations and partnerships to enhance their market share and product portfolio. For instance, in October 2018, Fujitsu Limited and Ericsson signed a contract to supply end-to-end 5G network solutions and associated services under a strategic partnership. The partnership focused to invent 5G solutions based on their integrated portfolios, for the ongoing 5G network project in Japan, connecting telecom service providers to the 5G ecosystem across the globe.

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5G Infrastructure Market Technological Advancement, SWOT Analysis And Massive Growth Near To Future 2026

New York City, 2 Nov 2020: The global 5G Infrastructure market size is expected to reach USD 47.6 billion by 2027 according to a new study by Polaris Market Research. 5G infrastructure is an advanced technology for a mobile broadband network and a combination of Radio Access Network (RAN), core network, and backhaul & transport. It supports the future internet (FI) and provides the ultra-high broadband infrastructure for several industry vertical including manufacturing, healthcare, and automotive. With supporting high-speed internet services, 5G infrastructure helps in undertaking futuristic necessities and creates an atmosphere to facilitate socio-economic changes in the market.

Industries in the Europe region are ready for this change, when 3G arrived, companies mobilized their workforce, 4G started digitizing their work processes and value chain. Nowadays, industries already set up digitization pathways, enabling real time consensus between suppliers and customers through digital transformation achieved through cutting edge communication network, bolstering productivity, while keeping data secure. To capitalize on the ongoing course of evolution the industries need to focus on innovative service, sustainable market investment, promoting digital champions, reforms in spectrum policies, and regulated access to fiber backhaul.

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Furthermore, the outbreak of COVID-19 has dramatically changed the prospects for 5G infrastructure across the globe. In addition, several applicable verticals have jolted resulting in a supply chain disruption causing slowdown in production. However, to regain profitability & continue production, the market is expected to grow significantly in the upcoming year.

With advancements in the field of telecommunications, especially in mobile networks; the demand for 5G infrastructure has increased tremendously. The development of several industries succeeded with the use of 4G technologies across various sectors is one of the factor propelled market growth. Moreover, the rise in demand for enhanced bandwidth connectivity with low latency for several applications including drone connectivity and vehicle to everything (V2X) is projected to fuel the market growth.

Market participants such as Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Comba Telecom Systems Holdings Ltd., ZTE Corporation, Cisco Systems, Inc., Fujitsu Limited, CommScope Inc., Casa Systems, Samsung Electronics, Altiostar, NEC Corporation, Airspan Networks, HPE, Mavenir, Ceragon, Aviat Networks, Inc., Parallel Wireless, JMA Wireless are some of the key players operating in the global market.

Key players in the market are focusing on launching new products, executing partnership, developing existing offering, and have adopted various strategies to expand their foothold in the market. In July, 2020, NEOM, the cross border smart city in Saudi Arabia signed contract with the STC group for establishing the 5G infrastructure. The contract would accelerate its digital ambitions, starting with the innovation center.

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IBM Watson Services Market to Soar at CAGR: 30.6% to 2027

New York City, 2 Nov 2020: The global IBM Watson services market size is expected to reach USD 16.5 billion by 2027 according to a new study by Polaris Market Research.The IBM Watson is a disruptive technology which ensures higher efficiency and agility for the enterprises. IBM has been capitalizing on its Watson services to tap potential opportunities in key areas such as internet of things (IoT), security, analytics, and healthcare. IBM Watson services power advertisements for aiding them in generating authentic content, which includes food ingredient-based customized recipe by assessing taste trends of consumers worldwide.

The technology across the world is changing at a rapid pace, with the advent of machine learning and artificial intelligence to take quicker informed decisions by key stakeholders in the industry. Uptake of artificial intelligence and cognitive computing has seen a multitude of interest and venture capital investment, creating a positive narrative of being a next big thing in the future. With the use of natural language processing (NLP), data mining, and advanced text analytics, cognitive systems have been assisting doctors in diagnosing diseases and making faster decisions. They are also optimizing patient selection for clinical trials with intelligence matching.

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On an average, an individual utilizes more than 1,100 terabytes of data during a lifetime, around 0.4 being used to keep health-related records in the form of electronic and medical health records, lab results, pathology reports, radiology reports, voice recordings, and insurance claims. Besides, the revolution in the field of medical devices, healthcare facilities, and new types of drugs, the importance of data generated from the patients have been drawing the attention of the related authorities and personnel. However, most of these data are unstructured and fragmented and can create mess when piled up in large volumes.

Approximately 20 per cent of patient accounted for more than 80 per cent of the total healthcare costs. After artificial intelligence and cognitive computing has come into play, the experience of this cross section of patients seems to have changed largely. As of now, IBM’s Watson Care Manager has been managing around 147,000 patients’ care plans worldwide.

Media and entertainment industry has also been influenced by IBM Watson. With the use of IBM Watson in Wimbledon 2017, best shots of the tournament were highlighted by the video editors in very less time, which were unarguably the best shots. Had it been done by the editors manually, it would have taken a great time.

Market participants such as IBM Corporation, DXC technology Limited, Tata Consultancy Services, Capgemini SE, Wipro Limited, KPMG International, Accenture Plc, Deloitte Touche Tohmatsu Ltd., Tech Mahindra limited, Infosys Limited, HCL Limited, Datamato Technologies Private Ltd., and Mainline Information Systems, Inc. are some of the key players operating in the IBM Watson services market.

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North America Smart Airports Market Size To Surpass $7.74 billion by 2026 | Polaris Market Research

New York City, 20 Jul 2020: The North America Smart Airports Market size is expected to reach USD 7.74 billion by 2026 according to a new study by Polaris Market Research.Passengers usually face problems in airport regarding long queues, waiting lines, security check-ins, less real-time information, flight delays, less space in airport, lack of proper customer service, improper baggage handling, lost baggage complaints and lack of facilities for overcoming all these problems airports across the globe are heading towards smart airport for providing better and seamless personalized experience to passengers. Growing demand of automated and self-service processes and growing demand of real time information in airport is driving North America smart airport market.

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Smart airport security system technology is driving the market as various airports are implementing new innovative smart components such as, flight booking management, automatic check-in, way finding services to automated security checks and border control. The substantial growth prospects of the smart airport market can be attributed to the efforts undertaken by airports across the globe to enhance their business processes and provide optimized services. Airport operators are investing heavily on IT and digital technology for enhancing customer experience. Furthermore, smart airport landside location is adopting digital technologies such as, transport synchronization, real-time flight information, advanced booking and intelligent passenger steering for enhancing passenger experiences and other features. Moreover, Airside is upgrading in various domain such as, In-wallet scanning, geolocation of vehicles and coordination of vehicles with real time information of landing aircrafts. Modernization of old airports, introduction of new airports, development in commercial aviation, and increasing focus on green initiatives are the key growth drivers expected to boost market for smart airports in North America.

The key players in the market include Amadeus IT Group S.A., Cisco Systems, Inc., Honeywell International Inc., International Business Machines (IBM) Corporation, QinetiQ Group Plc, Sabre Corporation, Siemens AG, Rockwell Collins Inc., Thales Group, and T Systems International GmbH among others.

Cyber security threats are the major concern which may bother passengers in sharing their details with the smart airport system. Also, unauthorized usage of the system poses a threat to the airport administration IT solutions, central reservation systems, and passenger name records. It also includes unauthorized modification of software and hardware or any IT and communication system. Physical attacks in the form of vandalism, sabotage and explosives on airport assets can result in losses to the stakeholders and assets. Furthermore, human error is also one of the biggest threat which is caused by network administrators. Configuration errors can negatively impact security or operations in the form of cancelled flights, and system down time. Similarly end users, such as, airport employees can make errors by filling wrong passenger information.

The North American smart airports market was dominated by the US in 2018, however Canada is expected to witness faster growth during the forecast period. As US has the busiest airports, and the flying volume is increasing at a substantial rate each year, many airports here are in need of better ways to process the flyers. Implementation of robotics, artificial intelligence and machine learning is currently in trend in the US aviation industry. In Miami international airport, beacons technology is used for sending message and guiding location to passenger through navigation. The technology is helping airport in determining where passengers are congregating, and it further enhances in indoor mapping and sending relevant information to customers.

According to Architectural Record published in 2019, over 50 airports in the US are collectively projected to account for up to $70 billion in construction projects in the next three years. These projected not only focuses on renovation and modification, but also aims to refurbish, manufacture, install and operate the ITT systems. Furthermore, Canadian airports observed a 6.3% increase in overall traffic and a 9.8% increase in international footfall in 2017. This increasing passenger inflow has generated a greater need towards advanced technologies and thus is driving the growth of smart airports market in this region. Companies such as

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