5G IoT Market Innovations, Technology Growth and Research -2026

According to a research report "5G IoT Market Trends by Component (Hardware, Platform, Connectivity, and Services (Professional and Managed)), Network Type, End User (Manufacturing, Healthcare, Energy and Utilities, and Automotive and Transportation), and Region - Global Forecast to 2026 ", size is projected to grow from USD 2.6 billion in 2021 to USD 40.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 73.0% during the forecast period.

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5G networks support high bandwidth, low latency, and massive device volumes with high mobility and low bandwidth, and low-power device estates across a wide range of technologies, including 4G/5G, satellite and Wi-Fi, and low-mid-high spectrum bands. The 5G networks deliver the performance needed for production monitoring and condition-based maintenance, quality management using vision analytics, advanced robotics, and human worker coordination across all verticals. There are immense new opportunities in this market. The increasing number of IoT-connected devices and agile networks, network slicing, and private 5G networks among the emerging technologies is expected to shape the future of the 5G IoT market.
Connectivity segment to grow at the highest CAGR during the forecast period

5G is the next-generation connectivity technology that would enable a wide range of IoT devices to communicate in short- and long-range distances. It promises higher speed, wider coverage, greater security, and lower latency. It significantly improves the power consumption of IoT devices and supports connectivity for millions of connected devices. 5G has a wide range of use cases across manufacturing, energy and utilities, healthcare, government, automotive, retail, and agriculture. NB-IoT and LTE-M have already started gaining traction, building a strong framework for cellular IoT to support a broad range of IoT use cases such as telemedicine, smart meters, connected cars, fleet management, and smart cities.

Mobile and Wireless Backhaul Market Innovations, Technology Growth and Research -2026

The report "Mobile and Wireless Backhaul Market Trends by Component (Equipment and Services[Designing Consulting, Integration Deployment]), Equipment (Microwave, Millimetre Wave, Sub-6 Ghz), Network Technology (5G, 4G, and 3G 2G), and Region - Global forecast to 2026" The global Mobile and wireless backhaul Market size is expected to grow from USD 9.3 billion in 2020 to USD 15.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.

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The Mobile and wireless backhaul Market is fuelled by the growth in the number of mobile subscribers and the success of 4G and 5G around the world. Moreover, the trend of companies investing more on adoption of small cells and reduced total cost of ownership is driving the adoption of mobile and wireless backhaul solutions.

By Component, the Equipment segment to hold the larger market size during the forecast period

The Equipment segment of the Mobile and wireless backhaul Market is projected to hold the larger market size during the forecast period. The mobile and wireless backhaul market consists of hardware equipment which can carry signals through links between two cell sites. Depending upon various factors, such as frequency, capacity, range, and data transmission rate, a wireless backhaul equipment makes it easier to install backhaul services in geographies where fiber deployment is not possible.

Enterprise Architecture Tools Market Innovations, Technology Growth and Research -2026

According to a research report "Enterprise Architecture Tools Market Trends by Component (Solutions and Services (Managed Services and Professional Services)), Deployment Type, Organization Size, Vertical (BFSI, IT, Manufacturing), and Region - Global Forecast to 2026" The global Enterprise architecture tools market size is expected to grow from USD 989 million in 2020 to USD 1,283 million by 2026, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.

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Key factors that are expected to drive the growth of the market are the increasing adoption of the business-driven enterprise architecture approach for strategic business transformation and an increasing need to align enterprise information technology architecture with business strategy. With an enterprise architecture tool, landscapes, blueprints, and roadmaps are created to perform an ongoing and controlled enterprise transformation via projects. Such tools also enables organizations to understand their systems, applications, and assets from a holistic, top-down perspective. The solution helps in identifying gaps in organization’s current architecture to better understand how to reach the desired future-state objectives and architecture.

Solutions segment to hold a larger market size during the forecast period

Based on solutions, the enterprise architecture tools market is segmented into infrastructure architecture, application architecture, data architecture, security architecture, and others. These solutions assist in increasing collaboration and improving workflow environments to accelerate productivity. Major reasons behind the decline of enterprise architecture tool solutions across the globe are reduced profit margins and less allocation of IT budgets. These reasons lead to low investments in new subscriptions. The demand for consulting, integration, and implementation services has also decreased with low technology spending on new subscriptions. These trends are expected to decrease the demand for enterprise architecture tools solutions.

Wi-Fi Market Innovations, Technology Growth and Research -2026

According to a research report "Wi-Fi Market Trends by Component (Hardware, Solution, and Services), Density (High-density Wi-Fi and Enterprise-class Wi-Fi), Location Type (Indoor and Outdoor), Organization Size, Vertical (Education, Retail and eCommerce), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global post-COVID-19 Wi-Fi market size to grow from USD 9.4 billion in 2020 to USD 25.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period.

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The major growth drivers for the market include increasing need for robust network connectivity and adoption of Wi-Fi solutions in various verticals such as education, healthcare and life sciences, and retail and eCommerce, BFSI, and IT and telecom.

By component, hardware segment to hold the largest market size during the forecast period

The hardware segment is expected to grow at the highest CAGR during the forecast period. The Wi-Fi hardware segment comprises access points, WLAN controllers, wireless hotspot gateways, and others. The others segment includes repeaters and relay. The integration of Wi-Fi with other devices has led to improved connectivity. Several verticals such as healthcare and life sciences and BFSI are highly dependent on wireless connectivity, and any kind of loss of connection may hamper their daily business operations.

Customer Journey Analytics Market Innovations, Technology Growth and Research -2026

According to a research report "Customer Journey Analytics Market Trends by Component, Organization Size, Deployment Mode, Data Source, Application (Campaign Management Product Management), Vertical (BFSI, Retail eCommerce, Telecommunications and IT), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global customer journey analytics market size to grow from USD 8.3 billion in 2020 to USD 25.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period.

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Various factors such as the growing need to provide seamless customer experience, a higher focus on better customer engagement strategies through omnichannel, and adoption of advanced analytics solutions to leverage the increasing customer data and reduce customer churn rate, are expected to drive the demand for customer journey analytics solutions and services.

The customer journey analytics market is projected to witness a slight slowdown in its growth in 2020 due to COVID-19 lockdowns imposed worldwide. These lockdowns have been impacting all the verticals, including retail and eCommerce, BFSI, healthcare and life sciences, media and entertainment, and government. The pandemic has led to a shift in customer behavior, with lockdown driving customers to opt for omnichannel for purchasing. The condition is expected to come under control by mid-2021. The demand for customer journey analytics solutions and services is expected to increase due to customers shifting toward online purchasing. Due to lockdown regulations, there was a surge in the number of online media and entertainment users, which has created the demand for customer journey analytics solutions and services for understanding customer needs.