ICT Updates

The global Unified Communications Market size is expected to reach USD 344.84 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 20.5% from 2021 to 2028. Changing workforce dynamics, growing prominence for Unified Communication as a Service (UCaaS), and virtualization of data and devices are factors that are expected to increase the adoption of UC solutions in enterprises. The use of cloud-based solutions for fast and seamless communication across enterprises is expected to positively impact market growth. Organizations are effectively deploying cloud-based collaboration solutions across various time zones so that they can improve the productivity of their mobile team members. The growing adoption of cloud-based unified communication platforms is allowing geographically diverse and dispersed teams to work together and collaborate mutually in real-time via voice and video conferencing. The transition toward the cloud is also allowing enterprises to curb capital spending by adopting an operational cost model that will enable them to pay on the basis of the capacity they require. Increasing demand for UC solutions is opening up opportunities for solution providers to launch advanced versions of team collaboration software for enterprises. Solution providers such as Cisco Systems, Inc.; Avaya, Inc.; and IBM Corporation are offering a mix of UC and team collaboration solutions as part of their efforts to strengthen their market position. Having realized that there are several UC solutions available in the market, key players are focusing on offering diverse solutions with various features, including support for audio and video conferencing, email platforms, instant messaging, and unified messaging. As a result, the market is expected to witness a convergence of voice communication, video communication, synchronous communication, and other communication tools. Related Press Release@ Unified Communications Market Report Unified Communications Market Report Highlights The hosted UC solutions segment is expected to register a significant CAGR over the forecast period owing to the increasing implementation of UCaaS solutions in enterprises The healthcare application segment is expected to develop at a CAGR of approximately 20.0% over the forecast period owing to the increased adoption of video conferencing tools for remote patient monitoring The SMEs segment is expected to grow at the fastest pace through 2025 owing to the increasing need for an efficient unified infrastructure for improving communication capabilities The audio and video conferencing segment is poised to witness steady growth over the forecast period owing to the rising deployment of visual communication tools in enterprises Asia Pacific is expected to be the fastest-growing regional market due to the emergence of local service providers offering diverse solutions Key players in the Unified Communications market include Avaya, Inc.; IBM Corporation; Cisco Systems, Inc.; and NEC Corporation.

The Europe 40-Foot Platform Wagons Market size is expected to reach USD 856.2 million by 2028, registering a CAGR of 4.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Some of the key players in this industry are AstraRail Industries S.A., Altaivagon Joint-Stock Company, ELH Waggonbau Niesky GmbH, NYMWAG CS, RM RAIL, Tatravagónka a.s. The European Union (EU) significantly relies on the efficiency of rail transportation to haul freight for all industries that play an important role in driving the economy. Promoting more efficient and sustainable transportation of rail freight has been a key part of the EU policy. The development of favorable government strategies for rail freight operations can provide an opportunity to evaluate the current process and identify the potential scope for the current and future requirements of rail freight wagons. The high capital investments required to rollout the railway infrastructure is one of the major restraints hampering the growth of the market. Rail projects can be considerably expensive owing to the huge investments required in having the necessary infrastructure in place. Moreover, rail operators need to continuously invest in upgrading the rail lines and power lines and installing new tracks, among other activities. Around 70% of the investments are spent on track infrastructure to ensure an efficient and safe network. This includes the replacement of rail and the construction of bridges and power lines. For instance, in June 2021, Rail Cargo Group, a rail freight transportation company based in Austria, announced an investment of USD 235.5 million to buy 2,150 freight wagons by 2026. The growing demand for mobility in Europe has created a need for a well-integrated and efficient railway system capable of addressing all the logistical, technical, and environmental constraints and ensuring sustainable growth of the enlarged European Union. Replacing legacy technology with advanced train-control and signaling systems, such as European Rail Traffic Management System (ERTMS) Level 2 and above, which is based on wireless communications to supervise the train movement, can be considered the core element for the digitization of traffic management and train control. Advanced technologies, such as freight information systems, Positive Train Control (PTC), machine vision, and RFID, are unfolding new opportunities for reducing logistics costs, improving operational efficiency, and enhancing customer service while providing personalized door-to-door delivery. Related Press Release@ Europe 40-foot Platform Wagons Market Report Europe 40-foot Platform Wagons Market Report Highlights In France, digitalization and automation are driving the future of connected, autonomous, and digital freight trains to deliver better services to customers. For instance, the increasing e-commerce sales and government investments in intermodal transportation have propelled rail freight operators to boost local transportation services to facilitate the efficiency of day-to-day logistics Fret SNCF, a rail freight operator, partnered with Traxens, a Marseille-based company specializing in smart containers, to enable rail freight operators to track shipments in real-time, monitor mileage, record the movements of freight wagons, and receive alerts when shipments reach predefined locations In Poland, the railway sector invests significantly through its most extensive investment program, which offers business opportunities for Swiss exporters. The investment program aims to construct and modernize 9,000 km of tracks, existing infrastructure, tunnels, overpasses, and bridges for high-speed trains In August 2019, PKP Intercity, a company responsible for long-distance rail passenger transport, invested USD 2.2 billion to modernize 700 wagons, 14 new train sets, and 200 electric and diesel locomotives. The company also procured 185 wagons, 19 new train sets, and 118 electric and diesel locomotives

The global Construction And Design Software Market size is expected to reach USD 18.18 billion by 2028, expanding at a CAGR of 7.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Some of the key players in this industry are Autodesk Inc., Oracle Corporation, Microsoft, Trimble Inc. Constellation Software Inc. The growing demand for effective tool management in the construction industry is triggering the adoption of construction and design software and consequently acting as a driving factor for market growth. The development of digital capabilities such as IoT, Geographic Information Systems (GIS), Building Information Modeling (BIM), and recent improvements in drones and Unmanned-Aerial-Vehicle (UAV) technology can improve accuracy and speed across businesses in the construction industry. The aforementioned factors are considered as the major drivers that are likely to create the need to adopt construction and design software across businesses. As construction and design software requires high capital investments, it makes SMEs difficult to afford their business lines, which is expected to restrain the market growth. Growing preference for better interior design and decoration among customers and end-use industries is one of the primary factors driving the market growth. Rising government initiatives for promoting construction and real estate globally and the growing need for higher productivity are anticipated to further fuel the demand over the forecast period. Increased investment in advanced technologies is driving competition among market players, thereby leading to the development of new design software, such as DataCAD, AutoCAD, SketchUp, and Revit, with improved technology and enhanced capabilities. The global market for construction and design software is also fueled by growth factors such as the rising adoption of cloud-deployed construction software, increasing demand for higher accuracy and efficiency in the construction industry, and the ongoing number of M&A in the construction and IT industry. For instance, in February 2018, Trimble, an advanced location-based solutions provider, acquired e-Builder, a privately held SaaS-based construction program management solution provider, to boost industry transformation. Moreover, the integration of BIM in sustainable architecture and increasing investments in the construction sector are major opportunities for the market players operating in the market. Related Press Release@ Construction And Design Software Market Report Construction and Design Software Market Report Highlights In terms of function, the project management and scheduling segment dominated the market in 2020 and is expected to retain its dominance over the forecast period. The segment growth can be attributed to the increased projectification of work and higher demand for disciplines such as product and project management globally In terms of deployment, the cloud segment is anticipated to expand at the highest CAGR of 9.3% over the forecast period. Cloud-based solutions allow businesses to access data across connected devices at any point, which increases the scope for customization and enables the implementation of analytical tools across multiple business channels In terms of end use, the architects and builders’ segment is expected to expand at a promising CAGR from 2021 to 2028. This growth can be attributed to the increasing demand for design skills to maximize the project's potential and growing concern for necessary consents such as listed building, planning, and building regulation approvals. Moreover, architects & builders provide designs tailored to the customer's budgets, help reduce cost by providing thorough construction information, and ensure on-time delivery of projects In terms of region, Asia Pacific is anticipated to emerge as the fastest-growing regional market due to the rapid growth of economies vis-à-vis infrastructural and industrial projects. Most Asian countries such as China, Japan, India, and Singapore require a substantial amount of spending directed toward infrastructure development, which is expected to accelerate the demand for construction and design software across the Asia Pacific

The global U.K. Point Of Sale Software Market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. Some of the key players in this industry are Lightspeed, Square Inc., PayPal Inc. (iZettle), TouchBistro, Oracle, NCR Corporation The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hotels witnessed a shutdown and revenue loss. Although the overall POS terminal market is witnessing a decline in demand, the need for POS software to continue running an online business and the adoption of mobile POS aggregated the POS software market growth in the U.K. The U.K. government realized the application of the POS systems and mentions them in its schemes. For instance, the “Point of Sale VAT Retail Scheme" in the U.K. requires retailers to apply appropriate VAT for calculating the tax on retail sales. The retailers use the EPOS system to help distinguish between goods sold at different rates of VAT. Moreover, government entities are adopting POS solutions to avoid payment processing challenges while handling varied compliance and accountability obligations. Streamlining public-sector payments to reduce the administrative burden is expected to continue to boost the sale of POS terminals and their solutions across the government sector. Additionally, encouragement from the government to adopt cashless payment has been instrumental in fueling the adoption of POS solutions across the retail, restaurant, hospitality, entertainment, and healthcare sectors. Fast food restaurants have also created shopping apps that help consumers obtain product information, order, and pay using the application. The retailers use POS software at their end to facilitate the management of the online sale and transaction details. Burger King, KFC, Subway, Dominos, Pizza Hut, and McDonald's are some fast-food chains that added payment functionality in their apps for greater convenience. Other merchants have adjusted their retail points to accept payment via mobile wallet apps such as PayPal, Google, Lemon, Geode, Square Wallet, Venmo, Chirpify, PayToo, and Ziddu. These payment methods have recently gained more traction owing to the need for using cashless payment and limit the spread of COVID-19. This advancement in POS payment applications is expected to augment the demand for POS software among end-users in the country. Related Press Release@ U.K. Point Of Sale Software Market Report U.K. Point Of Sale Software Market Report Highlights The U.K. POS software market is expected to expand at a significant CAGR of 8.1% from 2021 to 2028. POS software turns POS terminals into the most multifaceted systems owing to their diverse features for managing every aspect of a business. The year-on-year growth can be attributed to increasing awareness and adoption of mPOS across various industries such as retail, hospitality, restaurant, and healthcare The mobile POS segment is expected to register the highest CAGR over the forecast period. The segment growth can be attributed to mPOS software implementations across industries to conduct financial transactions, manage inventory, track sales information, and facilitate rewards for improving business function and customer experience The hospitality segment is expected to expand at the significant CAGR from 2021 to 2028 as POS systems with compatible software at hotels can act both as a standalone system or can be integrated with the property management solution to provide a complete hotel technology solution NCR Corporation; Revel System Inc.; Oracle; Lightspeed; and ShopKeep are some of the prominent market players. Their large ecosystem of technology and channel partners and distributors has been instrumental in helping them grow

The global Digital Rights Management In Media & Entertainment Market is expected to reach USD 6.12 billion by 2028, expanding at a CAGR of 16.5% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. Rapid growth in digital media and internet connectivity globally have created immense opportunities for content publishers and content distribution partners to grow their creative media content. However, with the boost in digital technologies, digital piracy and illegal distribution of content have significantly increased, negatively affecting the monetization opportunities for content distributors and content owners. These challenges are compelling content owners to seek and exercise control over the unauthorized access and distribution of content. In the past few years, the demand for Digital Rights Management (DRM) solutions has gained immense prominence among content owners and content distribution service providers as DRMs secure real-time streaming services over insecure networks. DRM solutions also offer secure distribution of media content while maintaining the authentication and privacy rights of content owners. The persistent protection offered is also influencing several streaming service providers to adopt DRM solutions. Moreover, the growing awareness about digital piracy among users is driving the adoption of DRM solutions globally. Several governments globally are looking for ways to establish stringent standards and policies to prevent digital piracy. For instance, the Digital Millennium Copyright Act, passed in 1998, still helps content developers, content acquirers, and content distributors to secure their content and criminalize the dissemination of content intended to bypass the control access of copyright content. The rising number of such standards and increasing awareness about content privacy and digital piracy are expected to drive market growth over the forecast period. Related Press Release@ Digital Rights Management in Media & Entertainment Market Report Digital Rights Management in Media & Entertainment Market Report Highlights The video on demand application segment is anticipated to expand at the highest CAGR over the forecast period. The growing demand for high definition and ultra-high-definition video content among users, along with the rise in the distribution of OTT services and streaming services are contributing to the segment growth The demand for DRM solutions among SMEs is expected to expand at a higher CAGR compared to large enterprises over the forecast period. The rise in the number of independent content providers and small-scale content developers requiring standard DRM solutions to secure their innovative and copyright contents can be attributed to the segment growth The increasing digital infrastructure across countries in the Asia Pacific region and the presence of several communication service providers offering low-cost digital mobile services has led to the rise in digital media consumption among consumers. The Asia Pacific regional market is anticipated to expand at a promising CAGR over the forecast period

The global Wi-Fi 6 And Wi-Fi 6E Chipset Market size is estimated to reach USD 43.18 billion by 2028, registering a CAGR of 19.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Increasing bandwidth capacity demand among consumers and enterprises for providing support for smart devices is one of the key driving factors for the market growth. Growing trends for e-learnings have augmented the deployment of next-generation WLAN infrastructure across several universities, schools, offices, and residents. Also, accessing the uninterrupted content during online video streaming services has increased the installation of wi-fi 6 and wi-fi 6E devices across the globe. Resultantly, it is expected to propel the wi-fi 6 and wi-fi 6E chipsets demand from 2021 to 2028. With the evolution of industry 4.0., large and medium manufacturers such Ford Motor Company, Ericsson, General Motors Company, and BMW Group are significantly implementing new technologies to transform their facilities into smart factories. A smart factory integrates various intelligent devices such as IoT sensors, collaborative robots, wireless cameras, and automated guided vehicles (AGV), and others. Providing seamless connectivity to these devices requires next-generation infrastructure, which is expected to accelerate the wi-fi 6 and wi-fi 6E devices adoption worldwide. Therefore, it is anticipated to fuel their chipsets demand over the next seven years. Wi-fi 6 and wi-fi 6E devices support multi-users multi-input multi-output (MU-MIMO) communications. The technology can handle up to 12 downstream and upstream data streams on different frequency bands, such as 2.4GHz, 5GHz, and 6GHz. With the significant investments in building smart cities globally, the next-generation wireless devices would play a vital role in catering to the need for unified internet connectivity for the mass population in public venues such as bus stands, railway stations, airports. Thus, it is expected to bolster the market growth from 2021 to 2028. Initially, in Q2 and Q3 of 2020, the outbreak of COVID-19 has affected the overall production and supply of wi-fi 6 chipsets globally. This was primarily due to the lockdown implemented by the federal governments across key countries such as the U.S., the U.K., Germany, and China and the temporary shutdown of manufacturing facilities and international borders. However, latter Q3 of 2020, the national governments across key countries provided relaxations in the lockdown and infused significantly to recover the economic growth. Thus, it is foreseen to push the overall market growth in the next seven years. Moreover, the robust investments in the healthcare sector to build digitally advanced infrastructure is further expected to drive the market growth. Related Press Release@ Wi-Fi 6 And Wi-Fi 6E Chipset Market Report Wi-Fi 6 And Wi-Fi 6E Chipset Market Report Highlights In 2020, the WLAN infrastructure devices segment accounted for a significant market volume, i.e., 393.6 million units, due to the rapidly growing deployment of wi-fi 6 routers and gateways across residential, commercial, and industrial applications In terms of value, the wi-fi 6E segment is projected to surpass the total market size by 2028. The high growth is attributable to the extended range of frequency band, i.e., 6GHz supporting capabilities, enabling mission-critical applications such as connected vehicles In terms of volume, Asia Pacific dominated the market, accounting for 376.5 million units in 2020. The significant share is ascribed to the presence of many electronic manufacturing bases across key countries such as China, Japan, South Korea, and others Rapidly rising spending in building digital infrastructure across the healthcare sector, smart city projects, smart factories, and corporates is projected to capture the U.S. market size of USD 14.3 billion by 2028 Several prominent players across the globe are aggressively focusing on mergers and acquisitions to strengthen their market presence and expand the overall product offerings Prominent players in the market include Broadcom Inc.; Qualcomm Technologies, Inc.; ON Semiconductor Connectivity Solutions, Inc.; Intel Corporation; Celeno; MediaTek Inc.; Texas Instruments Incorporated; Cypress Semiconductor Corporation; STMICROELECTRONICS N.V.; NXP SEMICONDUCTORS N.V.

The Europe Electronic Contract Manufacturing And Design Services Market size is projected to reach USD 68.61 billion by 2028, expanding at a CAGR exceeding 7.1%, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the growing trend among OEMs to opt for contact manufacturing services owing to the growing pricing pressure associated with manufacturing electronic components in-house. While the outbreak of the COVID-19 pandemic triggered the demand for healthcare devices, the strong emphasis organizations are putting on rolling out the work-from-home model increased the demand for computing devices, thereby driving the growth of the market. The market witnessed a slump in 2020 as a result of the pandemic, which triggered supply chain disruptions and resulted in a shortage of semiconductor components. However, order backlogs and the increase in demand for contract manufacturing services from Eastern and Central European countries helped in offsetting the slump. Electronic contract manufacturing (ECM) and design services typically include electronic design and engineering services, electronics assembly services, electronic manufacturing services, and all the supply chain management and other aftermarket support services offered by contract manufacturers. As the electronics industry continues to get competitive and electronics products continue to get complex, OEMs are increasingly getting under pressure to reduce costs and shorten the product lifecycles. At this juncture, contract manufacturers can potentially provide services in electronic product design for manufacturing at reduced costs. Brexit is expected to pose bureaucratic obstacles for EMS companies, thereby delaying the dispatch of orders to OEMs. Moreover, given that several OEMs have moved their pan-EU distribution hubs to mainland Europe, Brexit would particularly impact the long-term contracts with OEM partners in mainland Europe. However, the Brexit impact is expected to be a short-term impact, and the U.K-EU trade agreements drafted to streamline the U.K.-EU trade are expected to offset it. Brexit is also expected to create lucrative opportunities for EMS companies based in the U.K. to trade beyond European borders. Related Press Release@ Europe Electronic Contract Manufacturing And Design Services Market Report Europe Electronic Contract Manufacturing And Design Services Market Report Highlights The industrial segment dominated the market in 2020 with a market share of 25% owing to an upsurge in the demand for industrial robots and automation products in discrete manufacturing and processing industries The continued expansion of wireless telecommunications infrastructure and rollout of high-speed 5G networks and aggressive investments in data centers are expected to drive the demand for electronic manufacturing and design services among network equipment OEMs The market is fragmented in nature and characterized by the presence of a few leading market players and several smaller regional players focusing on modernizing their production capabilities to enhance the manufacturing services they provide to OEMs

The global Telecom Power Systems Market size is estimated to reach USD 5.85 billion by 2028, expanding at an estimated CAGR of 8.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for high-speed data connectivity and rising penetration of smartphones has escalated the demand for advanced telecom power systems globally. Factors such as the rising investments in hybrid telecom infrastructure, escalating demand for video streaming, and a significant rise in digital content consumption are also expected to offer enormous growth opportunities for the market. The surging energy consumption per household worldwide has compelled market players to develop innovations such as collaborative user interaction, distribution grid automation, and the automated system controls to ensure continuous power supply. Besides, the rising deployment of 5G network globally is compelling telecom power system providers to realign their product offerings. 5G networks could deliver benefits such as ultra-high bandwidth, ultra-low latency, mass communication, changing business operations, and improving the telecom power system’s decision-making intelligence for vertical industries. According to the State Grid Corporation of China (SGCC), the combination of 5G network with telecom power grids is expected to provide a solid foundation for the smart industrial revolution. The COVID-19 pandemic led to the shutdown of manufacturing facilities across several industries, resulting in the slow deployment of fiber and 5G networks. Moreover, the rising pressure on mobile and communication networks due to the sudden transition to a remote working model is leading to outages as well as a heavy load on existing systems mounted in telecom towers. To cope with the escalating power supply demand, telecom operators are reshaping their strategies and contingency plans for dealing with power outages and load issues. Related Press Release@Telecom Power Systems Market Report Telecom Power Systems Market Report Highlights In terms of geography, the Asia Pacific segment is projected to expand at the highest CAGR of more than 10.0% from 2021 to 2028. This growth can be attributed to the proliferation of the internet and increased deployment of telecom towers in developing countries in the region In terms of product, the DC telecom power system segment dominated the market in 2020 with a revenue share of more than 60.0%. This may be attributed to the DC-powered data communication systems being galvanically insulated, which helps in eliminating disturbances from the utilities In terms of power source, the diesel-solar segment is estimated to dominate the market over the forecast period. The segment is expected to expand at a CAGR of more than 10.0% from 2021 to 2028. This can be attributed to the ability of these power sources to reduce CO2 emissions and store and use solar energy for charging whenever needed