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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WebRTC Market Size Worth $16,570.5 Million By 2026 | CAGR: 32% | Polaris Market Research

New York City, 20 Jul 2020: The global Web Real-Time Communication market size is expected to reach USD 16,570.5 million by 2026 according to a new study by Polaris Market Research The WebRTC market is projected to witness a significant growth over the forecast period. WebRTC provides a platform for real-time voice or video communications with other WebRTC devices. WebRTC is an open-source API offering high quality voice and video communication, while improving security against external attacks. It is adaptable to diverse network conditions and supports multiple media types and endpoints. There has been a massive increase in need for secure and affordable communication solutions by organizations owing to increased adoption of mobile devices, BYOD, IoT, and social media.

There has been an increasing integration of WebRTC solutions within dedicated desktop and mobile apps for provision of effective and secure voice, video, and data sharing support. Adoption of WebRTC offers an improved voice and video experience while significantly reducing bandwidth and network resources. It also offers improved support for mobile apps on smartphones and tablets. It offers off-the-shelf solutions for integration into other software. Organizations across the world are adopting WebRTC solutions for enhancing their external and in-house communication software for effective real-time video conferencing and support.

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The end-users of Web Real-Time Communication include BFSI, healthcare, manufacturing, IT and telecom, retail, transportation, and others. The IT and Telecom segment accounted for the highest share in 2019. However, the healthcare segment is expected to grow at the highest rate during the forecast period. In April 2018, TokBox, was selected by InTouch Health to provide WebRTC solutions to enhance its platform and deliver improved remote clinical care to patients. InTouch Health is a telehealth and telecommunications network offering virtual healthcare services to patients. The solution offered by TokBox implements AES encryption for protection of critical patient data.

North America dominated the global WebRTC market in 2019 and is expected to maintain its dominance over the forecast period. Rising applications in industries such as retail, healthcare, transportation, and manufacturing in the North American region is a significant driver for market growth. Rise in investment by small and medium sized businesses, along with technological advancement in telecommunication industry, is expected to drive the WebRTC market growth during the forecast period. The growing adoption of IoT, BYOD, and smart cities is expected to raise the market investment during the forecast period.  

The Web Real-Time Communication market is characterized by established companies and large giants. Owing to technological advancements, and growing need to improve secure communication, companies are collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include Cisco Systems, Inc., Oracle Corporation, AT&T Inc., Polycom, Inc., Google Inc., Avaya, Inc, Genband Inc., Cafex Communications, Inc., Plivo, Inc., Tokbox Inc., Mitel Networks, Alcatel-Lucent, International Business Machines Corporation, and Dialogic Corporation among others.

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