ICT and Telecom Market Research Reports, Analysis & Trends
Digital technologies are now considered a critical determinant of economic growth worldwide. The technological advancement and innovation in the ICT and telecom market have resulted in rapid investments in the industry, which is resulting in a diverse network of new and existing market players. In current times, the ICT and telecom industry has expanded to internet of things (IoT), automation technology, software and services, cyber security, 3D printing, application and support services, and artificial intelligence (AI) among others. Moreover, the industry includes leading corporate, startup entrepreneurs, along with innovators and developers. This huge industry requires a proper and effic Read More...Digital technologies are now considered a critical determinant of economic growth worldwide. The technological advancement and innovation in the ICT and telecom market have resulted in rapid investments in the industry, which is resulting in a diverse network of new and existing market players. In current times, the ICT and telecom industry has expanded to internet of things (IoT), automation technology, software and services, cyber security, 3D printing, application and support services, and artificial intelligence (AI) among others. Moreover, the industry includes leading corporate, startup entrepreneurs, along with innovators and developers. This huge industry requires a proper and efficient channel of information to bloom, which is provided by the different ICT and telecom market analysis of Kenneth Research.
One of the major factors associated with the growth of the ICT and telecom industry is the growing adoption of robotics and automation. According to the data by the International Federation of Robotics (IFR), from 2013 to 2018, annual installations of industrial robots increased by 19% on average, per year. In 2018, global robot installations increased by 6%, amounting to a total of 422,271 units, which are worth around USD 16.5 billion. Regionally, the market in the Asia Pacific region tops in installation of robots, with total of 283,080 units installed in 2018. On the basis of country, the markets in China, Japan, the United States, the Republic of Korea, and Germany account for 74% of global robot installations.
On the other hand, the telecom market insights include data on the growing internet penetration, cellular mobile subscription, and penetration of social media on individuals, that are known to have a huge impact on the ICT and telecom industry. According to the World Bank data, 56.727% of the global population was using internet services in the year 2019, which was a massive increase from the previous year, when only 49.907% of the population had access to internet. The fixed broadband subscriptions have also increased globally, from 1.135 billion in 2019 to 1.202 billion in 2020. On the other hand, the global mobile cellular subscriptions reached 7.993 billion in 2019, as per the World Bank report.
Kenneth Research is a market research and consulting platform that provides research analysis for more than 14 different sectors and industries. Our ICT market analysis and telecom market insights provided by our experts help our clients to obtain a clear picture of the latest market trends as well as the opportunities associated with the market growth in the coming years. The telecom market research reports and analysis cover critical elements, such as, how to stay ahead of your contemporaries, best time to release a new product to yield maximum benefits, and the direction of the market growth during a certain time period, among others. Furthermore, our ICT market research reports help our clients who are interested in expanding their business portfolio, enter a new market, or to increase their investments in their existing business.
