The global space-based broadband internet market is expected to generate huge revenues from the aviation application, followed by agriculture.

The unmanned aircraft system (UAS) traffic management market is expected to grow at a significant CAGR of 17.13% on the basis of value during the forecast period 2021-2031, according to recent market intelligence published by BIS Research.

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The COVID-19 pandemic has prompted the healthcare industry to expand its use of telemedicine — services that provide healthcare to people at a distance with the help of communication technology.

Wire and cable companies manufacture insulated fiber optic cables — which are network cables containing strands of glass fibers inside an insulated case — and coaxial cables and other insulated nonferrous wires, which are copper and aluminum wires used by industries such as energy, automotive, telecoms and others.

Read on to learn more about this vast, complex global industry, with data and analysis from a recent report by The Business Research Company.

An increase in the number of smartphones and connected devices and an increase in data traffic has led to congestion in the existing network, thus, increasing the demand for high bandwidth for various end-users.

This has paved the way for the network that can provide high speed and uninterrupted data at low latency. The introduction of the fifth generation (5G) communication network is expected to overcome speed barriers and enable faster data transmission.

According to a market intelligence report from BIS Research, the global nano satellite market is expected to rise in revenue from $189.7 million in 2018 to $356.1 million in  2023, growing at a CAGR of 13.43%. This accelerated growth can be attributed to a number of factors.

The healthcare sector has moved from using paper-based records to electronically updated and shared records. This, in turn, has increased the demand for the Internet of Things (IoT) in healthcare to enable the collection and sharing of information directly through the Internet from anywhere in the world.

Some of the biggest challenges faced by the telecom industry include the growing number of subscribers and user database, the ever-increasing data transmission rate, and providing latent-free services to end-users. In order to tackle these issues, telco providers and networking infrastructure providers jointly came up with the heterogeneous network (HetNet) model, which encompasses components such as small cell, Distributed Antenna System (DAS), and Radio Access Network (RAN).

There is an ongoing convergence of four key technologies that are poised to transform the Information and Communications Technology (ICT) ecosystem. Those technologies are Fifth Generation (5G) cellular, Artificial Intelligence (AI), Data Analytics, and the Internet of Things (IoT).