News Market Insights

 The product type segment of the photonics market is classified into laser, light-emitting diode (LED), optical component and system, and sensor and detector. Among these, the LED category is expected to exhibit the fastest growth throughout the forecast years as the integration of LED technology into intelligent digital lighting solutions will result in reduced energy consumption. Additionally, the energy efficiency and greater life span of LED lights will also contribute to the growth of this category in the forecast years. In contemporary times, the industrial sector utilizes the highest volume of photonics products due to the surging use of such products, such as lasers, in the manufacturing sector for cutting, drilling, welding, and laser marketing applications. Further, the consumer electronics industry is expected to adopt a considerable quantity of photonics products, on account of the booming demand for smart air conditioners, smart TVs, and smart refrigerators. Additional...

The deployment segment of the AI in fintech market is bifurcated into cloud and on-premises. Under this segment, the cloud category accounted for the larger market share in 2020, because the cloud environment enables AI to learn from historical data, make suggestions, and detect current norms. AI and cloud can together deliver improved digital security, increased productivity, and excellent efficiency in terms of information handling and accuracy. Owing to these advantages, AI-enabled cloud solutions help avoid human errors during data analysis. In the recent past, North America was the largest user of AI-enabled fintech solutions, due to the presence of developed IT infrastructure and high fintech adoption rate in the region. Additionally, the mounting investments being made in the fintech sector and increasing penetration of 5G technology will also fuel the integration of AI solutions in the fintech sector. Besides, the mounting focus of the U.S. federal government on encouraging the...

The rising public awareness about the rapid environmental deterioration and significance of energy conservation has made several governments enact stringent policies regarding the energy efficiency of lights. These regulations are aimed at increasing cost and energy savings in multiple sectors. For instance, the U.S. Energy Standard for Buildings, which is a national model code for commercial buildings and a crucial parameter for building various systems and designs, was enacted by the U.S. Department of Energy a few years ago. Such energy codes for commercial and residential structures are expected to massively reduce CO2 emissions by 841 MMT and lead to savings of nearly $126 billion in power costs. China, which is one of the world’s largest users of ambient lighting systems and solutions, has emerged as one of the largest consumers of energy in the world in recent years and the country accounts for as much as 14% of the global power consumption, with lighting being a major electrici...

The global network telemetry market revenue stood at $300 million in 2020, and it is predicted to rise rapidly between 2021 and 2030 (forecast period). With the increasing penetration of the internet, the incidence of cyberattacks is rising sharply across the world. The servers and networks of several organizations are rapidly getting penetrated. The market is being propelled by the increasing digitalization rate, growing prevalence of network security attacks, rising use of network telemetry technologies by various service providers and organizations, including multiple telecom and consultancy providers, and burgeoning demand for the optimization of the network infrastructure around the world. Additionally, several businesses are recording the loss of critical information because of cyberattacks, which is also causing them huge financial losses. Hackers are stealing confidential and sensitive information from various sources in a workplace, such as the internet of things (IoT)-connect...

Mobile cobots with varying payload capacities are used in the aerospace and defense, agriculture, automotive, construction, electronics, food and beverage, healthcare, manufacturing, mining and mineral, and retail industries. These end users use such robotic systems in assembling, machine tending, material handling, packaging, pick and place, quality inspection, and welding applications. To meet the needs of end users, Kawasaki Heavy Industries Ltd., Siasun Robot & Automation Co. Ltd., TECHMAN ROBOT INC., Diligent Robotics Inc., Robotnik Automation S.L.L., ABB Ltd., Aubo Robotics, and Shenzhen Yuejiang Technology Co. Ltd. (DOBOT) are focusing on facility expansions. The payload segment of the mobile collaborative robots market is categorized into <5 kg, 5–10 kg, and >10 kg. Under this segment, the <5 kg category generated the highest revenue in 2019, as <5 kg payload capacity mobile cobots are ideal for pick and place, assembly, and testing applications. Whereas, the 5...

The Wi-Fi analytics market is expected to exhibit a CAGR of 24.2% during the forecast period (2020–2030), due to the increasing penetration of smartphones, escalating Wi-Fi deployment rate, and the rising proliferation of big data technology worldwide. The market generated a revenue of $5,210.0 million in 2019 and it is projected to generate $52,975.5 million revenue by 2030.  Wi-Fi analytics refers to the use of a Wi-Fi network to collect data from internet-enabled devices, such as smartphones and laptops. One of the major growth drivers for the market is the increasing deployment of public Wi-Fi hotspots, primarily on account of the burgeoning use of wearable devices, smartphones, tablets, and other internet-enabled devices.  Public Wi-Fi networks have emerged as one of the most viable solutions for meeting the burgeoning demand for high bandwidth. Furthermore, the rapid advancements being made in Wi-Fi standards, owing to the escalating use of connected devices, are encoura...

The global cloud and centralized radio access network (C-RAN) market was valued at $936.3 million in 2018, and it is predicted to reach a revenue of $2,159.2 million by 2024. According to the estimates of the market research firm, P&S Intelligence, the market will progress at a CAGR of 15.9% from 2019 to 2024 (forecast period).  The market is being propelled by the growing focus of industries on automation, increasing adoption of the 5G technology, rising digitalization rate, soaring use of smartphones, and mushrooming requirement for internet of things (IoT) services and solutions. Many telecom operators are increasingly shifting toward advanced technologies in order to scale up their operations and network capabilities.  Moreover, many service providers are increasingly focusing on transforming RAN in order to cater to the soaring consumer requirement for 5G solutions and services. According to various reports, telecom companies made an investment of more than $140 billi...