The global Over-The-Top (OTT) Services Market size projected to grow from USD 81.6 billion in 2019 to USD 156.9 billion by 2024, at a CAGR of 14.0% during the forecast period. The major growth factors for the OTT Services Market include the growth of smart devices and internet proliferation according to a new report from MarketsandMarkets.

The market for virtual assistants (VAs) continues to illustrate strong positive momentum, according to a new report from Futuresource Consulting. Shipments of virtual assistants rose 25% year-on-year to 1.1 billion units in 2019, with the market on course to exceed 2.5 billion shipments by 2023.

additional revenue streams to boost their bottom line. The implementation of 5G gives operators the opportunity to offer new services to both enterprises and consumers. Recent research by Frost & Sullivan predicts that the new value-added services could potentially become a bigger contributor to sector revenues than basic connectivity services, driving the 5G market in the Asia-Pacific region to reach $124.8 billion by 2025.

Technological advancements in the broadcast industry are applying upward pressure to the global production switcher market, on track to exceed $250 million in 2019, according to a new report from Futuresource Consulting.

A boom in virtualization of fixed broadband access infrastructure is developing and will sweep through almost all connections over the next decade, passing the 500 billion mark in 2025. That will be 40% of the total 1.26 billion global broadband subscriber base by then, compared with just 0.48% at the end of 2018 and 2.58% now at the start of 2020. These findings have just been reported by Rethink TV, the research arm of Rethink Technologies Research, in its latest report, Broadband Virtualization Accelerates to 500 million connections By 2025.

Wearable tech continues to gather pace, building an ecosystem of connected devices and capturing consumer attention to the tune of $108 billion by 2023, according to a new industry report from Futuresource Consulting.

Gartner, Inc. defines a strategic technology trend as one with substantial disruptive potential that is beginning to break out of an emerging state into broader impact and use, or which is rapidly growing with a high degree of volatility reaching tipping points over the next five years.

Artificial intelligence, machine learning and other enablers of predictive and prescriptive analysis have laid the foundation for customer-centric network assurance strategies that will help define successful network service providers (NSPs) as we enter the next decade.

Over the past few years, the decentralized cloud market has emerged with the goal to displace public cloud service providers with cheaper, more secure blockchain-based compute and storage alternatives. ABI Research has identified the 15 hot tech innovators in the space that are already kicking up a storm in the cloud space: 0Chain, ælf, Ankr, DFINITY, Ethernity, Edge, Filecoin, iExec, Internxt, Golem, PPIO, Oasis Labs, Sia, Sonm, and Storj.

Early commercial success, mainly across select use cases such as health professional credentialing, medical billing management, personal health records (PHR), and pharma supply chain track-and-trace, will help this market cross $500 million by 2022 at a compound annual growth rate (CARG) of 61.40%. While payback may not be achieved for every dollar invested by 2022, a breakeven stage is expected.

TV viewing habits are shifting from linear TV to online TV, which is accelerating the video streaming market. While subscriptions are dominating the OTT market, the live streaming market is advancing as the demand for sports and other live programming continues to grow. For superior user experience, especially in the live streaming segment, low latency streaming is becoming essential. ABI Research forecasts that live video streaming is expected to grow at a combined annual growth rate (CAGR) of 10% to a 91 million subscriber base in 2024.

Wearable tech continues to gather pace, building an ecosystem of connected devices and capturing consumer attention to the tune of $108 billion by 2023, according to a new industry report from Futuresource Consulting.

Less than one-fifth of HR leaders believe that performance management is effective at achieving its primary objective, according to Gartner, Inc. Though companies have been prioritizing performance management improvements for years, 81% of HR leaders are still making changes and experimenting with their organization’s performance management efforts.

Addressable TV advertising will leap from $15.6 billion in total worldwide revenue in 2019 to almost six times that value at $85.5 billion by 2025. This reflects advertising dollars switching to addressable as the platforms mature and better understood by the advertising community.

Across the Atlantic, European broadcasters have been developing their Hybrid broadcast and broadband TV (HbbTV) standard for over 10 years. Late to join this ‘living room revolution’, US broadcasters have only recently developed their own equivalent standard, known as ATSC 3.0. This delayed adherence, however, comes with its advantages. Specifically related to consumer interfaces and broadcast apps, Europe had to learn its lessons the hard way, from its own pioneering implementations.  

5G will catalyze change in the industry by enabling new business models and pave the way for new enterprise use cases, according to a new report from ABI Research. Complementary to 5G, cloud-native platforms promise operational efficiencies and new growth for Mobile Service Providers (MSPs). The market for cloudified 4G and 5G network elements is expected to reach US$20 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 25%, the global tech market advisory firm finds.

By 2023, worldwide net additions of vehicles equipped with hardware that could enable autonomous driving without human supervision will reach 745,705 units, up from 137,129 units in 2018, according to Gartner, Inc. In 2019, net additions will be 332,932 units. This growth will predominantly come from North America, Greater China and Western Europe, as countries in these regions become the first to introduce regulations around autonomous driving technology.

The global market for racks in 2018 generated annual growth 3.4 percent to reach $1.5 billion in size, while the rack power distribution unit (rPDU) segment expanded by 8.9 percent to total $1.0 billion.