There is a massive requirement for digitalization which promises to revolutionize a wide range of businesses. Currently, 5G is still developing but has promising capabilities for providing better solutions to key challenges.

One of the most dramatic changes caused by the Coronavirus pandemic was an immediate boom in online activity of all types, from ecommerce to streaming of entertainment to wider adoption of online access to financial tools, as well as utilization of online education.

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.