IMV is set to greatly enhance manufacturing engineering, training, safety, and production. According to a new report from ABI Research, spending on industrial metaverse solutions and services will grow at 22.8% to reach US$6.3 billion by 2030 as immersive and collaborative capabilities come to the forefront of industry 4.0 software development efforts to enable connectivity between digital twins and other systems.

Decreasing costs and lower capital outlays have enabled several new Small Satellite operators to enter the satellite IoT market with low-cost and low-power satellite connectivity offerings. These new entities seek to challenge traditional satellite IoT incumbents to provide a more cost-effective solution for end customers. According to ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030, with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion.

According to ABI Research, the worldwide shipments of smart Government ID credentials is set to rise from 500.1 million in 2020 to 554 million in 2021, with the chipset shortage taking hold in 2022. While the passport market will take a few years to recover to pre-COVID levels, likely not until 2024, the overall market will see an upturn after the woes of 2020.

According to ABI Research, the global edge Artificial Intelligence (AI) Software-as-a-Service (SaaS) and turnkey service market will grow to reach $7.2 billion in 2025. This is 25% of the global edge AI market, which is estimated to be US$28 billion by 2025, comprising of edge AI chipsets, SaaS, and turnkey services, as well as professional services.

In its new whitepaper, Connected & Protected: The Vulnerabilities and Opportunities of IoT Security, global tech market advisory firm ABI Research explores how the exponential growth in IoT connections will usher in a new era of connectivity and productivity along with a slew of new threat vectors and vulnerabilities.

5G slicing is a crucial enabler of new business models and a key concept to empower the potential of 5G. Communications Service Providers (CSPs) can slice their network assets using different criteria such as mobility, security, or traffic types.

Massive MIMO (mMIMO) is proving to be the catalyst that will fuel infrastructure vendor revenue in the foreseeable future. This is especially the case in the Asia Pacific, where mobile network operators are expected to deploy 28.3 million units representing more than 78% of the total mMIMO market by 2026, despite the banning of Chinese vendors in the Western World.

The ongoing pandemic and lockdowns have exploded social media usage and increased traffic in online shopping platforms, forcing many brands to embrace emerging technologies such as Augmented Reality (AR) and virtual stores to remain competitive and engaged with their customers.

With 5G deployments proliferating, the importance of network slicing for the enterprise domain is set to grow. According to new research by global tech market advisory firm ABI Research, the demand for 5G slicing will be propelled primarily by heavy industry verticals.

The foundation has been laid for Ultra-Wideband (UWB) to become a mainstream wireless connectivity technology across many consumer and IoT applications, enabling accurate indoor location and positioning with context-aware information and precise analytics in real-time.

Healthy growth in industrial blockchain revenues results from the few applications that have not been impacted significantly by the volatility of the broader blockchain market in the last two years. Despite, global blockchain revenues falling 35% between 2018 and 2020, industrial blockchain revenues specifically have grown by 131%. Global tech market advisory firm, ABI Research estimates 2020 revenues for this category at US$374 million.

Global telco cloud revenue will grow to US$29.3 billion by 2025, up from US$8.7 billion in 2020, at a 5-year Compound Annual Growth Rate (CAGR) of 27%. The telco cloud growth will be driven primarily by cloud infrastructure-related investments.

The development and introduction of more diverse and affordable 5G smartphones will be the main driver accelerating 5G adoption after 2021, with many lead vendors expected to push deeper into the segment, quickly democratizing the 5G experience and establishing a wider ecosystem.

At the end of 2020, 6.6 billion Internet of Things (IoT) devices will be connected and active worldwide; 840 million of them will use cellular networks, which is just under 8% of the total. At the end of 2014, there were 180 million cellular IoT devices active worldwide, and that number increased by over 4.5X in the six intervening years.

As manufacturers integrate IT and OT, they rely on Industrial IoT (IIoT) platforms dedicated to smart manufacturing to manage their devices, connectivity, infrastructure, and data. These IIoT platforms also help manufacturers implement applications, derive insights, and deliver those insights to the correct stakeholders.

The development of Open Radio Access network (Open RAN) is gaining momentum. Network operators, new entrants, system integrators, and application developers are working together to unlock the traditional integrated telco supply chain, which has up to now been dominated by a handful of large infrastructure vendors.

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.

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.

The future of 5G lies in the enterprise, states global tech market advisory firm, ABI Research. In its new whitepaper, “The Five Myths of 5G”, ABI Research finds that use cases across different vertical markets, such as industrial automation, cloud gaming, private Long-Term Evolution (LTE), and smart transport systems, will become pervasive, and will unlock new opportunities for Mobile Service Providers (MSPs) along the way.

Global revenues for blockchain technology are on track to hit almost $10 billion by 2023, finds ABI Research, a global tech market advisory firm. These revenues continue to show strong interest in blockchain application, despite the significant decrease in Initial Coin Offerings (ICOs) in 2018. Investment continues to swell, buoyed primarily by an increase in VC funding, notably in blockchain infrastructure development.