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).

New and emerging technologies have the potential to disrupt and transform a variety of important industries. Mind Commerce, a trusted source for research and strategic analysis, has written a series of articles highlighting new, influential trends in digital technologies and telecommunications. Here, we’ve compiled eight Mind Commerce posts that received the most page views. Click to the posts that interest you to gain valuable new insights from an experienced market research firm.

The telecommunications sector has always handled large volumes of data related to customers, operations, and transactions. Over the years, telecom service providers have used a variety of techniques to work with these data sets including statistical analysis, data mining, knowledge management, and business intelligence. However, according to a new white paper written by the research firm Mind Commerce, big data and analytics is profoundly different from previous trends.

The current market for Global Communication Service Providers (CSP) has reached saturation with respect to customer penetration. Furthermore, core voice and messaging services are becoming increasingly marginalized. As fourth generation (4G) cellular via LTE is optimized globally via LTE Advanced (LTE-A), raw data services are next to realize ever shrinking margins. Recognizing this issue, certain leading CSPs offer telecom data Business-to-Business (B2B) services in a Data as a Service (DaaS) basis to various third party companies such as Over-the-Top (OTT) application providers.

Mind Commerce sees Sports and Fitness, Healthcare, and Clothing as key markets for the early success of wearable technology. Among these three segments, Sports and Fitness is the most promising segment for wearable consumption. The segment comprises various products out of which wrist bands, wrist watches, and headgears will dominate the segment. In addition, most products in this segment will be associated with measurement and monitoring fitness and performance and will be used by both amateurs and professionals.

Within the credit card sector, innovative technologies are changing the way people make purchases.

Mobile and alternative payments are experiencing significant growth, with a range of payment providers in the mix including PayPal, MasterPass by MasterCard, Apple Pay, Amazon Payments, and Google Wallet.

In addition, co-branded credit cards continue to lure affluent households and millennial shoppers — which are prime demographics in the payments industry.