Information and Communication Technology

Global information and communication technology (ICT) industry can be broadly segmented into IT equipment, software, IT & business services, telecommunication equipment, and carrier services. Widening business operations and rising demand for high-speed connectivity throughout the business value chain have led to vast integral applications of ICT. ICT finds application in every industry ranging from oil & gas, healthcare, banking, financial services and insurance (BFSI), to transportation & transit industries.

Rapid strides in the ICT industry have led to an unprecedented increase in sales of smartphones, which are supported by the robust IT infrastructure. This increase in global penetration of smartphones is fueling growth of the ICT industry. Ability of consumers to access anything from anywhere across the globe, with around 7 billion mobile users and 3 billion internet subscribers in 2016, as per the ICT Data and Statistics Division, is projected to present potential growth opportunity. Trends that include cloud, analytics, social media and mobility have led to development of agile enterprises through distinct value chains and business models that offer a better consumer experience.

Cloud and Analytics

Cloud technology has witnessed adoption in every industry and industrial operations. The technology scope is inclusive of huge scalable ICT related technologies that include networks, storage, servers, applications and services that are provided to consumers through virtualization.

Different types of cloud offerings include Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS). SaaS is the most preferred form of cloud computing. Hybrid cloud models are being increasingly adopted by enterprises and are contributing to the industry growth. Along with multiple benefits offered by these solutions, industry is expected to consistently face challenges such as data security threat, limited user control, and interoperability problems that may arise while migrating from a vendor to another.

Exponential increase in data due to global digitization is likely to make data analytics a crucial tool for effective optimization of data in providing workable insights. The growing need to take appropriate business decisions, enhancing business productivity and cost savings is scheduled to drive demand for cloud data analytics.

5G Technology

Demand for faster internet speeds owing to increasing connectivity in every industrial segment, has led to development of 3G and 4G connectivity. However, players operating in the telecommunication industry are planning to develop 5G connectivity featuring theoretical wireless download speeds of 10k Mbps, broader bandwidth and capability to run complex internet applications (e.g. VR/AR applications). Industry participants such as Nokia, Samsung, Qualcomm, BT and Ericsson have already made notable advancements in this area. For instance, in June 2017, Keysight Technologies collaborated with Qualcomm Technologies Inc. for the development of 5G test solutions.

Development of this technology will help IoT gain significant leverage through its lower latency, high ubiquity and increased consumer usability. However, high costs of the technology may act as a considerable growth barrier over the coming years.

Internet of Things

Connected mobility is expected to gain significant momentum over the forecast period owing to growing support from regional governments, specifically in the U.S., in addition to product developments by players operating in the market.

Industry players have made significant development in V2V and V2X communication systems. For instance, in March 2017, General Motors started the production of 2017 Cadillac CTS sedan featuring V2V communication. Moreover, the U.S. Department of Transportation is expected to introduce mandates by 2023, which is expected to facilitate growth of the market.

Growth Challenges

WannaCry Ransomware attack in May 2017 affected around 57,000 computers across 150 countries. Proliferating connectivity and cloud solutions can increase risk of malwares and cyber-attacks. Such concerns regarding information security are projected to present considerable challenge to the global ICT industry over the forecast period.

Differing government regulations in every country, as well as regulatory compliances for different ICT industry segments across the global stretch are projected to hamper the industry growth. For instance, legal obligations for processing of personal data differs across the U.S. and Europe. Under EU regulations, personal information can be collected only for a legitimate purpose under stringent conditions. Data Protection Directive 1995/46/EC is the main component of the EU data protection law. However, in the U.S., there is no all-inclusive law standardizing the processing and collection of personal information. Data protection in the country is regulated by state and federal rulings.

Regional Landscape

U.S. is the most mature market for the ICT industry. However, the industry in the country is expected to witness steady growth owing to presence of major multinational firms, continuous innovations and consumer demand for advanced technologies. Moreover, advent of V2V communication and 5G technologies in the country are expected to provide major scope for growth in the next few years. Cost saving through the advent of such technologies is among the major benefits.

China, India, Japan, Malaysia, and Indonesia have witnessed major economic growth over the last few years. Low manufacturing and service costs and favorable trade regulations in these countries are expected to provide major traction to the venturing investors. Thus, the Asia Pacific ICT industry is expected to register major growth over the near future. However, factors such as low corruption perceptions index (CPI), high communication costs and lack of technology skills in emerging economies are expected to hamper the market growth in these economies. Moreover, poor IT infrastructure is likely to hinder the growth prospects in these regions.

Industry Background

IBM, Microsoft, SAP, Oracle, Cisco, Apple, Samsung, Google, HP, Accenture, TCS and Amazon are among the top industry participants. The industry growth is driven by collaborative undertaken by key players to develop innovative products and technologies. R&D and product launches are also expected to strengthen the position of companies in the global industry. Mergers and acquisitions by players with the goal of forward integration, and business expansions are also predicted to strengthen their presence in the industry. For instance, AT&T entered a definitive agreement for the acquisition of Time Warner that was worth over US$ 85 billion, in October 2016. This was to help the company gain a strong foothold in the media and communications market.

View More

Information and Communication Technology Published Insights

Coherent Market Insights Air Treatment Products Market

Published Date : Dec 2020

Air treatment products are the products that are used to remove contaminants from the air. These products clean the air by removing particulate matter, smog, and microorganism and make it clean and breathable as required. Air treatment product such as air purifiers ar... View more

Coherent Market Insights Warranty Management System Market

Published Date : Dec 2020

Warranty management system (WMS) is a component of product life cycle management system that is used to capture and analyze historical production data. WMS is used by many organizations to process, track and manage warranties and claims in the product lifecycle. Warra... View more

Coherent Market Insights Web Content Filtering Market

Published Date : Dec 2020

Web content filtering refers to software that provides security on the website when user search content. This filter software provides organizations across the world with security warnings of various malicious activities such as phishing, spyware, spam, crimeware, and... View more

Coherent Market Insights Data Monetization Market

Published Date : Dec 2020

Data monetization is a process of generating measurable economic benefits from available data sources such as analytics. Data monetization converts unstructured or unused data of an organization into meaningful insights. Data monetization helps organizations to reduce... View more

Coherent Market Insights Deep Learning Market

Published Date : Dec 2020

Deep Learning is an approach of machine learning that uses neural networks to facilitate unsupervised patterns generated from a large volume of unstructured data. Deep learning or deep structured learning use statistics and predictive modeling for analyzing and interp... View more

Coherent Market Insights Broadcast Switchers Market

Published Date : Dec 2020

Broadcast switchers or video switchers refer to device that are used to switch between different audio or video signals in film or video production. This provides additional benefits to the producers to combine different video signal and add special effects in the fil... View more

Coherent Market Insights Loyalty Management Market

Published Date : Dec 2020

Loyalty Management solution is used by retailers and corporations to offer multiple loyalty programs for customer retention and cross-selling. Loyalty management solution is adopted by many companies to retain customers and maintain sustainable customer relationships.... View more

Coherent Market Insights Digital Rights Management Market

Published Date : Dec 2020

Digital rights management is a technology used to protect the copyright of digital content such as audio, video, texts, images, music, and others. Data rights management software is used for monitoring and protecting data from security breaches and tracking digital co... View more

Coherent Market Insights Gamification Market

Published Date : Dec 2020

Gamification is a technique in which designers add elements of gameplay in non-gaming to increase user engagement in a product or service. Gamification software is used by many companies to increase their employee productivity and keep them motivated. There is number ... View more

Coherent Market Insights Cable Conduit Systems Market

Published Date : Dec 2020

Cable conduits are wiring systems that use hollow tubing to enclose electrical power wiring and cables. These conduits are manufactured with the help of PVC, aluminum, steel, and fiberglass. Cable conduits can be used for underground and overhead wiring systems. Some ... View more

Coherent Market Insights Natural Language Generation Market

Published Date : Dec 2020

Natural language generation software uses artificial intelligence algorithms to produce the speech or text from the large amount of data. These software enable companies to convert analytical data report into natural languages such as English. Moreover, these software... View more

Coherent Market Insights Blockchain Based Solutions For Security Labels Market

Published Date : Dec 2020

Counterfeiting is jeopardizing brand image and adversely impacting revenue of companies by affecting their sales across the global market. As a result, companies primarily operating in the food & beverages, healthcare, beauty and automotive industries are investin... View more

Coherent Market Insights Esports Market

Published Date : Sep 2020

Esports is a form of competition using video games. Generally, esports takes in the form of multiplayer video game competitions, especially among professional players, or teams. Competitors from different teams participate in the same game. The most common video games... View more

Coherent Market Insights 5g Smartphone Market

Published Date : Sep 2020

5G is the term that is used to describe next generation of network compared to other LTE networks. 5G smartphones provide faster speed and greater bandwidth which means more devices can use the network at the same time. The increasing demand for internet connectivity ... View more

Coherent Market Insights Sea Freezer And Beverage Cooler Market

Published Date : Sep 2020

A freezer & beverage cooler is a type of electric equipment that is used for beverage and food preservation. It consumes less energy to cool different beverages. Furthermore, a freezer is used to keep food frozen at extremely low temperatures. Generally, a househo... View more

Coherent Market Insights Iptv Market

Published Date : Sep 2020

Internet protocol television (IPTV) is the distribution of television content over internet protocol networks. These internet protocol televisions are different from other conventional terrestrial, cable, and satellite television formats. IPTV offers the ability to st... View more

Coherent Market Insights Set Top Boxes Market

Published Date : Sep 2020

A set-top box (STB) also referred to as a cable box is an information appliance device that generally contains a TV-tuner input and displays output to a television set. Set-top boxes enhance television features by providing multiple channels and enable the customer to... View more

Coherent Market Insights Cognitive System Market

Published Date : Aug 2020

Cognitive systems facilitate the use, delivery, and collaboration of information in analysis and decision making. Cognitive system is typically used with BI methods and conventional reporting to help enterprises in better decision making. Enterprises use these systems... View more

Coherent Market Insights Medical Fiber Optics Market

Published Date : Aug 2020

Fiber optics are thin, long strands of very pure glass, arranged in bundles that are used to translate light signals over long distances. Various medical instruments utilize fiber optics for several applications including laser signal delivery, illumination, and image... View more

Coherent Market Insights Lte Market

Published Date : Aug 2020

In telecommunications, long-term evolution is a standard for wireless broadband communication for mobile devices and data terminals. LTE connection is used for high-speed data on mobile phones and data terminals. Demand for mobile data and broadband services is growin... View more

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.