RAN intelligent controller market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of artificial intelligence (AI) and machine learning (ML) based systems for providing real-time analytics. RAN intelligent controllers include lower costs for mobile transporters, greater network control, and increased network performance. Use cases for RAN intelligent controllers include resource optimization, traffic steering, quality-of-experience (QoE), and quality-of-service (QoS) optimization.
Disaster management market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2023-2030). The growth can be attributed to the increasing frequency and intensity of natural disasters, such as hurricanes, floods, wildfires, and earthquakes, globally. According to the World Disaster Report (WDR), in 2022, IFRC has analysed comprehensive disaster data for 2020–2021. During this period, there were 710 disasters triggered by natural hazards. These led to fatalities of close to 30,000 people and affected over 220 million. In 2021 alone there were 378 disasters triggered by natural hazards.
Power and communication line market is estimated to grow at a CAGR of 8.4% during the forecast period. The surging demand for broadband devices and increasing deployment of smart grids are likely to propel the demand for power and communication lines. Active government initiatives to encourage power line communication and smart grids utilizing power line communication are anticipated to drive market growth. For instance, according to Energy.Gov., a total of up to $3 billion was invested in the smart grid grant program for 2022-2026.
Digital valve controller market is anticipated to grow at a CAGR of 3.2% during the forecast period. A digital valve controller is a microprocessor-based instrument that is compatible with a variety of communication protocols, including HART, FOUNDATION Fieldbus, and PROFIBUS. Digital valve controllers are primarily used in numerous processes to regulate flow, pressure, temperature, or other variables. The type of valve used depends on the size of the pipe, the overall pressure that the system operates, the flowing media, process conditions, and other factors.
The global military antennas market is anticipated to grow at a significant CAGR of 5.7% during the forecast period. The factor that drives the global military antenna market is the Increasing demand for military antennas for maritime applications. For instance, in March 2020, Orbit Communication Systems granted a contract worth $2.7 million for the delivery of maritime satellite communications (SATCOM) antennas. The agreement was given by an unrevealed Asian navy. Furthermore, Orbit will deliver OceanTRx 4 and OceanTRx 7 maritime communication antennas, as well as connected spare parts.
The global industrial communication market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the global industrial communication market during the forecast period is the adoption of technologies due to the industry 4.0 revolution by business organizations all around the globe.
The US optical interconnect market is estimated to grow at a CAGR of around 11.2% during the forecast period. The major factors that further contribute to the growth of the market in the country include the rising adoption of the cloud infrastructure coupled with a growing concern related to cyber security in the country.
The UK optical interconnect market is estimated to grow at a CAGR of around 10.5% during the forecast period. Several factors that are propelling the growth of the UK optical interconnect market include increasing data security concerns coupled with the emergence of new regulations, such as GDPR and better telecommunication infrastructure within the country.
The North American optical interconnect market is estimated to grow at a CAGR of around 11.5% during the forecast period. The growth of the market is mainly attributed to the increasing deployment of data centres across the globe.
Indian optical interconnect market is estimated to grow at a CAGR of around 12.4% during the forecast period. The rising demand for advanced communication technology with high encryption in the telecom sector, the growing number of small and medium enterprises (SME), significant rise in smart city projects are the major factors that contribute to the growth of the Indian optical interconnect market.
The European optical interconnect market is estimated to grow at a CAGR of around 10.7% during the forecast period. The pivotal factors that driving the market growth during the forecast period include the rising preference towards the cloud-based application in enterprises, rising security issues, technological development in the communication networks and others.
Asia-Pacific optical interconnect market is estimated to grow at a CAGR of around 12.6% during the forecast period. The market is mainly driven due to various factors including rising internet penetration, growing awareness regarding cybersecurity in small and medium enterprises, and the growing number of smart city projects in the region.
The data center market is anticipated to show a lucrative growth at a CAGR of around 17% during the forecast period 2020-2026. The market is driven by a significant rise in big data and the increasing adoption of cloud-based services owing to its flexibility and cost-effectiveness.
The global industrial communication market is estimated to grow at a CAGR of around 10% during the forecast period. Industrial communication referred to as communication within an industry. To make the whole process smooth, industries are using industrial communication to transmit their data between different systems within the industry and it integrates different data networks.
The global market for optical interconnect is projected to have considerable CAGR during the forecast period. The major factors that propels the optical interconnect market include growing deployment of data centers, increasing adoption of big data analytics and cloud-based services across the globe.
The global market for wireless connectivity is estimated to grow at a CAGR of 13.8% during the forecast period. The market is mainly driven due to the growing integration of IoT devices, growing internet penetration, technical advancement in telecommunication and high penetration of smartphones across the globe.
Fog computing is a decentralized computing infrastructure that extends cloud computing and services to the network edge. It uses edge devices to perform a considerable amount of computation, storage, and communication locally.