Global 5G Services Market

The commercial services market consists of sales of commercial services by entities (organizations, sole traders and partnerships) that perform support activities for the day-to-day operations of other businesses or organizations. The main types of commercial services are office administrative services, facilities support services, employment services, business support services, travel arrangement and reservation services, waste management and remediation services, investigation and security services, services to buildings and dwellings, other support services. Office administration refers to a set of day-to-day operations linked to the upkeep of an office space, financial management, record keeping and billing, personal development, physical distribution, and logistics. The different modes include online, offline and involves various service types such as hard services, soft services, other services. The global commercial services market size is expected to grow from $4572.13 billion in 2021 to $5147.92 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The commercial services market is expected to reach $7892.62 billion in 2026 at a CAGR of 11.3%. Artificial intelligence is widely being used by business organizations in customer support activities as it considerably reduces operational costs. Artificial intelligence systems perform tasks that normally require human intelligence such as speech recognition, translation between languages, visual perception, decision-making. This technology enables handling of customer grievances and other interactions without human intervention, thereby increasing efficiency and reducing operational costs. It also helps manage support tickets in bulk, provides multi-language support and auto responding of bulk emails. According to a study by Oracle, nearly 8 out of 10 businesses have already implemented or planning to adapt artificial intelligence in customer support in 2020. Some of the companies using artificial intelligence in customer support include China Merchant Bank, Fiat Argentina, Toshiba France, KLM airlines. Major companies in the commercial services market include BCD Travel, Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Waste Management Inc., Securitas AB and Veolia Environment SA. Asia Pacific was the largest region in the commercial services market in 2021. Western Europe was the second-largest region in commercial services market. The regions covered in the commercial services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global commercial services market is segmented - 1) By Type: Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement and Reservation Services, Waste Management and Remediation Services, Investigation and Security Services, Services to Buildings and Dwellings, Other Support Services 2) By Mode: Online, Offline 3) By Service Type: Hard Services, Soft Services, Other Services Subsegments Covered: Business Management Services, Hospitality Management Services, Health Management Services, Other Office Administrative Services, Maintenance Services, Security and Guard Services, Reception Services, Other Facilities Support Services, Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations, Document Preparation Services, Telephone Call Centers, Business Service Centers, Collection Agencies, Credit Bureaus, Other Business Support Services, Travel Agencies, Tour Operators, Convention and Visitors Bureaus, Other Travel Arrangement and Reservation Services, Waste Collection, Waste Treatment and Disposal, Remediation Services, Other Waste Management Services, Investigation, Guard, and Armored Car Services, Security Systems Services, Exterminating and Pest Control Services, Janitorial Services, Landscaping Services, Carpet and Upholstery Cleaning Services, Other Services to Buildings and Dwellings, Packaging and Labeling Services, Convention and Trade Show Organizers, All Other Support Services

The 4G infrastructure equipment market consists of sales of 4G infrastructure equipment which produces technologies and services that are used to facilitate people's communication by increasing network capacity and faster data transmission rates. The sales consists of revenues generated by establishments that are primarily engaged in the manufacturing of 4G infrastructure equipment such as macrocell, small cell and distributed antenna system (DAS) and others.

The global 4G infrastructure equipment market is expected grow from $44.64 billion in 2020 to $47.79 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $64.75 billion in 2025 at a CAGR of 8%.

The 4G infrastructure equipment market covered in this report is segmented by type into small cell; macro cell; distributed antenna system (DAS); others and by product into time division (TD) LTE; frequency-division duplexing LTE; LTE A.

Significant growth of network traffic is one of the major drivers for the growth of the 4G infrastructure equipment market. Network traffic is the amount of data that moves across the internet at any given time. The exponential rise in the number of internet users, which is nearly 57% of the global population coupled with the increase in smartphones and mobile devices (4.68 billion users) lead to network traffic growth. The global number of internet users is expected to reach 4.8 billion people by 2022, and this in turn will result in rise in network traffic. As per the statistics provided by Cisco Visual Networking Index (VNI), the global IP traffic will reach an annual run rate of 2.3 Zettabytes in 2020, up from an annual run rate of 870.3 Exabytes in 2015. The emergence of new social media platforms and applications such as Augmented Reality (AR) and Virtual Reality (VR) is also expected to drive the rise in network traffic in the forecast period. To accommodate such huge network traffic and deliver strong network bandwidth, telecom operators are expanding their 4G infrastructure equipment, which is expected to drive the 4G infrastructure equipment market in the forecast period.

The high cost involved in the deployment of distributed antenna systems (DAS) is expected to hamper the growth of the 4G infrastructure equipment market. According to the National Center for Health Statistics, the statistical arm of CDC, the number of Americans replacing landlines with wireless phones is increasing. In 2019, only 42% of Americans had landline phones as most of the people have switched from landline to cellular mobiles. This shows the increasing dependence on cellular connectivity and the demand for DAS as a solution for infrastructure-intensive cellular connectivity. However, the installation process of DAS is complex and expensive. DAS system requires investment of time, infrastructure, and capital. The cost ranges from $2 to $10 per sq. ft. of coverage. For example, if the size of a building is 100,000 sq. feet, installing an active DAS will cost from $500,000 to $1 million. This includes the cost of specialized equipment, installation, and cabling, and it can take several months to a year to install. The deployment of DAS in the major projects also involves intensive Radio-frequency (RF) engineering and Radio-frequency (RF) testing, that includes additional costs. The cost varies with the frequency range, whether it is very high frequency (VHF), ultrahigh-frequency (UHF), or 700–800 MHz for public safety. Therefore, high cost involved in DAS deployment is hampering the growth of 4G infrastructure equipment market.

A digital distributed antenna system (DAS) is a network of antennas connected to a common source. DAS uses advanced digital signal processing to improve voice and data connectivity for end users. It can be used indoors or outdoors and can be used to provide wireless coverage in hotels, subways, airports, hospitals, businesses, roadway tunnels etc. The wireless, and advanced signal processing features have enabled the use of DAS as a reliable public safety radio communication service operation system. However, improving public safety coverage indoors is a long-standing challenge. Therefore, specialized in-building infrastructure is required to allow the two-way or trunked radio systems. Thus, Digital DAS is expected to enhance the growth of 4G infrastructure equipment market.

In April 2019, Smartfren Telecom, a leading telecom service provider in Indonesia, partnered with ZTE Corporation for the expansion of 4G network. This partnership helped the company to offer an enhanced telecom network infrastructure in Indonesia. The improved coverage of 4G LTE network is playing a key role in market.

The major players covered in the global 4G infrastructure equipment market are Airspan Networks Inc., Cisco, Fujitsu Limited , Huawei Technologies Co. Ltd., Motorola Solutions, Inc., Nokia Corporation, ZTE Corporation., Nortel Networks Corporation, Alvarion Technologies, Telefonaktiebolaget LM Ericsson, Datang Mobile Communications Equipment, Nokia Siemens Networks, Samsung Electronics, Altiostar Networks, Inc., Altran Technologies, SA, Check Point Software Technologies Ltd., Ciena Corporation, Lumentum, Acacia Comms, Ciena, Ericsson, Finisar, Juniper Networks, Infinera.

The countries covered in the global 4G infrastructure equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global 4G infrastructure equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global 4G infrastructure equipment market is segmented -

1) By Type: Small Cell, Macro Cell, Distributed Antenna System (DAS), Others

2) By Product: Time Division (TD) LTE, Frequency-Division Duplexing LTE, LTE A

3) By Application: Logistics, E-Commerce, Virtual Presence, Crisis Management, Tele Medicine And Geo Processing, Others

The 3G infrastructure equipment market consists of the revenue generated by the sales of 3G infrastructure equipment by the company’s manufacturing the 3G infrastructure equipment. The 3G infrastructure equipment include switching equipment, transmission equipment, signaling equipment, private branch exchange phone system equipment, enterprise networking equipment, central office switching hardware, LAN modems, multi-user modems, and other data communications hardware such as bridges, routers, gateways, mobile devices and base stations.

The global 3G infrastructure equipment market is expected grow from $25.54 billion in 2020 to $26.59 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $31.2 billion in 2025 at a CAGR of 4%.

The 3G infrastructure equipment market covered in this report is segmented by type into wireless infrastructure; wired infrastructure.

Growing number of mobile and wireless devices worldwide contributed to the growth of 3G infrastructure equipment market. The smartphone users increased from 2.5 billion in 2016 constituting 33.58% of the year's global population to 3.5 billion, making 45.04% of the world’s population in 2020. The total number of phone users, including smart and feature phones, reached 4.78 billion making 61.51% of world’s population in 2020. According to the IoT analytics research data, 22 billion devices has got connected to internet world wide by the end of 2018 and 22.2 billion devices worldwide is projected to be connected via WLAN worldwide by 2021. Increased usage of mobiles and dependence on internet therefore resulted in growing number of mobile and wireless devices worldwide driving the 3G infrastructure equipment market.

Growing demand for private LTE networks and deployment of 4G and 5G networks is hampering the growth of 3G infrastructure equipment. Government and modern business entities are inclined towards Private LTE and 5G networks to transform operations, increase automation and efficiency to deliver new services to their users. Private wireless LTE is enabling these transformations to take place even in dynamic, remote or highly secure environments while improved density, greater capacity is achieved by 5G networks. The deployment of private mobile networks based on LTE or 5G provides security and data control, improved access to services, improved quality of service, integration with wider public etc. Public safety applications will hold around 35% of the private LTE market share by 2024 as the rising number of public safety agencies shifting to private LTE networks for combating the demand for bandwidth-intensive applications according to global market insights.

Airline companies are increasingly implementing Inflight connectivity as the consumers are choosing airlines based on internet speed and data usage charges. The ability to use smartphone during flight travel is among the top three considerations people have when choosing an airline as per research. Inflight connectivity help create an enjoyable inflight experience for passengers by providing entertainment along with airlines having the opportunity to reinvent inflight ecommerce and Inflight advertisement and promotion. For instance, in March 2020, the central government in India permitted airlines operating in India to provide in-flight Wi-Fi services to passengers.

Increasing competition between airlines for providing satisfaction to their customers is driving the trend.

In August 2018, Vodafone India and Idea cellular have merged to create India’s largest telecom Vodafone Idea Ltd (VIL) generating annual cost saving of about £1.7bn and create entity of 408m users. VIL is reworking on commercial pacts with Nokia, Ericsson, ZTE to reduce the number of equipment partners down to just one per circle from as many as three now. VIL may prefer the European vendors which will be a big blow to both Huawei and ZTE, which have been facing severe revenue challenges in India due to rapid consolidation in the telecom service provider market.

The major players covered in the global 3G infrastructure equipment market are Huawei Technologies Co. Ltd, Cisco, Fujitso, NEC corporation, Nokia, Ericsson, Qualcomm, ZTE, Corning, Motorola Solutions, Juniper Networks, Inc., ciena, Alcatel-Lucent, Samsung, CommScope, Corning, Mitsubishi Electric Corporation, Indus towers, ECI Telecom, Nortel, LG, HUBER+SUHNER, Telefonaktiebolaget, Extreme Networks, Inc., Ribbon Communications Operating Company, Inc, Altiostar Networks, Inc., Altran Technologies, Check Point Software Technologies Ltd., Fortinet, Palo Alto Networks, ierra Wireless, Inc.

The countries covered in the global 3G infrastructure equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global 3G infrastructure equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global 3G infrastructure equipment market is segmented -

1) By Type: Wireless Infrastructure, Wired Infrastructure

2) By Product: Public Switching Equipment, Analog Equipment, Digital quipment, Transmission Equipment, Transmission Lines, Base Transceiver Stations, Multiplexers, Communication Satellites, Others (Customer Premises Equipment, Private Switches, Modems, Routers)

3) By End User: Consumer Electronics, BFSI, Defense, Media, Others

The 5G infrastructure equipment market comprises of revenue generated by the sales of 5G network hardware or network communication devices supporting 5G technology by establishments that design, build or develops these 5G network infrastructure. The 5G infrastructures include spectrum, macro-network, small cell, and other network domains.

The global 5G infrastructure equipment market is expected grow from $3.46 billion in 2020 to $5.86 billion in 2021 at a compound annual growth rate (CAGR) of 69.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $53.09 billion in 2025 at a CAGR of 73%.

The 5G infrastructure equipment market covered in this report is segmented by communication infrastructure into small cell; macro cell; radio access network (RAN); distributed antenna system (DAS) and by network technology into software defined networking (SDN) and network function virtualization (VNFV); mobile edge computing (MEC); fog computing (FC).

The 5G infrastructure equipment market covered in this report is segmented by communication infrastructure into small cell; macro cell; radio access network (RAN); distributed antenna system (DAS). It is also segmented by network technology into software defined networking (SDN); network function virtualization (NFV); mobile edge computing (MEC); fog computing (FC).

The adoption of 5G for smart city networks is the primary factor contributing to the growth of the global 5G infrastructure market. The enhanced features of 5G network such as high speed, reduced or zero latency, wider bandwidth, uniform platform, larger number of connected devices, and extended battery life are powering the smart cities, thereby causing an urban revolution. Zero latency, for instance, enables the sensors and devices that power the city’s transportation and traffic system to automatically redirect traffic and also alert self-driving vehicle systems about the situations on the road. The advanced 5G capabilities such as enhanced security (instantaneous transfer of videos from the security cameras), instant response to emergency situations, and personalized healthcare are expected to bring increased digital inclusion to urban residents. From automated grocery purchase and delivery to complex management of a building’s infrastructure, 5G will enable people to adopt new standards of living. Due to all these enhanced features, the demand for 5G network is growing, and therefore, adoption of 5G for smart city networks is driving the market.

Delay in standardization of spectrum allocation is challenging the growth of 5G infrastructure market. Large quantities of new radio spectrum have been allocated to 5G. 5G can be in low-band spectrum below 1 GHz, mid-band frequencies from 1 GHz to 6 GHz, or high-band spectrum above 6 GHz. The timely deployment of 5G is essential for achieving the objectives of telecom service providers, especially in emerging markets. However, there is a delay in spectrum auction and standardization across many countries. A key reason for the delay is the financial health of the service providers, which have been struggling to pay licensing fees and other penalties. Also because the unit pricing of the spectrum is high, few countries like India are taking time to raise as much money for the spectrum auction. Moreover, long-term investment in 5G is bound to further dent operators' finances. Therefore there is a delay in standardization of spectrum allocation. The delay in the use of spectrum for mobile broadband networks also comes at a significant cost.

The Internet of Things (IoT) that has been transforming businesses and peoples’ lives is continuing to ignite new innovations. IoT represents one of the key growth opportunities for 5G telecommunication service providers. A number of factors, including increased demand from consumers and enterprises, and the availability of more affordable devices, are driving the adoption the Internet of Things (IoT) which in turn is expected to drive 5G infrastructures. 5G will be driven largely by IoT applications including remote healthcare, traffic safety and control, smart grid automation, industrial application and control, and remote manufacturing, training, surgery and education. Growth in IoT technology will drive significant operator investment in 5G technology, spectrum and infrastructure.

On January 13, 2020 Samsung announced that it has completed the acquisition of TeleWorld Solutions. The Virginia-based telecommunications company provides wireless networking and consulting services. The deal will make TWS a wholly owned subsidiary of Samsung, allowing the brand to continue to offer its consulting services to existing clients. The acquisition of TWS will enable Samsung to meet mobile carriers’ growing needs for improving their 4G and 5G networks, and eventually create new opportunities to enhance their service capabilities to the customers.

The major players covered in the global 5G infrastructure equipment market are AT&T, Verizon Communications, Corning, Fujikura Co., Hewlett Packard Enterprise, Beldon, Intel Corporations, Ericsson, Qualcomm Technologies, Huawei Technologies Co., Samsung Electronics, Cisco Systems Inc., NEC Corporation, Nokia Corporation.

The countries covered in the global 5G infrastructure equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global 5G infrastructure equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global 5G infrastructure equipment market is segmented -

1) By Communication Infrastructure: Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)

2) By Network Technology: Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC)

3) By Application: Energy & Utilities, Automotive, Healthcare, Retail, Others

The wireless internet services market consists of sales of wireless internet services and related products that offer internet access services over wireless communication network to consumers and businesses. Wireless Internet service is a form of internet service, which offers wireless connectivity.

The global wireless internet services market is expected to grow from $557.74 billion in 2020 to $571.48 billion in 2021 at a compound annual growth rate (CAGR) of 2.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $725.32 billion in 2025 at a CAGR of 6%.

The wireless internet services market covered in this report is segmented by type into community hotspots, public hotspots and by application into education, financial services, healthcare, hospitality, retail, telecom & IT, transportation, others.

The government initiatives aiming at developing infrastructure is a key factor driving the growth of the wireless internet services market. With growing government initiatives and environmental campaigns taking center stage, technology providers and specialists have actively started simulating creative solutions based on technical modules for the design and growth of urban infrastructure in several regions. For instance, in India, the successful execution of smart city projects is heavily dependent on technologies such as data connectivity, cloud, mobility, and sensors, all shaping IoT together. According to the Ministry of Electronics and IT, the government has increased the outlay for the digital India program by 23% to 3,958 crores for 2020-21 compared to actual allocation in the current fiscal. The increase has been mainly on account of incentives to be given for electronic manufacturing, research, and development, development of manpower for the segment, cybersecurity, and promotion of IT and IT-enabled services. Therefore, government initiatives for smart city projects is expected to drive the growth of the wireless internet services market.

The security and privacy concerns are hampering the growth of the wireless internet services market. With an increase in the number of devices, many security and privacy concerns have emerged and every source, gateway, sensor, and smartphone has become a potential hacking target. Any disruption to business processes can have a huge effect on the company as a whole. Connecting to free public Wi-Fi raises business risks caused by third party interception of client data because hackers are able to position themselves between the employees who use the Wi-Fi and the point of contact. Hackers can also use an unsecured Wi-Fi connection to spread malware, getting compromised apps on the computers and devices will make the company financially disruptive. Therefore, the security and privacy concerns are expected to hinder the growth of the wireless internet services market.

The companies in the wireless internet services market are increasingly implementing Li-Fi (Light Fidelity) technology to improve their service offerings. Li-Fi or light fidelity uses light signals to transfer data between devices and produces a greater range than Wi-Fi, with transmission speeds of up to 224 gigabits per second. Smart homes will rely on Li-Fi technology in the future because it is faster and more reliable as light cannot penetrate through walls, and the signal cannot be compromised from a remote location. For instance, Oledcomm is releasing a robust Network for LiFi optical wireless networking solutions for B2B & B2 G in 2020. With the launch of MyLiFi in 2018 and LiFiMAX in 2019, the Internet of High Speed via Invisible Light, Oledcomm is expanding its global leadership in LiFi.

In April 2019, AirTies, a provider of managed in-home Wi-Fi solutions acquired Technicolor's for an undisclosed amount. The acquisition of Technicolor's talented team further scales AirTies software development and management capabilities to meet the increasing demand for Smart Wi-Fi. Technicolor's, a Paris based company, Wi-Fi Management Software Business.

The major players covered in the global wireless internet services market are Cisco Systems, Inc., Huawei Technologies Co. Ltd., ARRIS International, Aerohive Networks, Singtel, Rogers Communications, Telstra Corporation, Viasat, ADTRAN, Aruba, Extreme Networks, Fujitsu, Superloop, iPass, Arista Networks, Ubiquiti Networks, Fortinet, Riverbed Technology, 4ipnet, Edgecore Networks, Mist Systems, ALE International, Allied Telesis, LANCOM Systems, D-Link Corporation, Cigniti, Cognizant, Capgemini, Cavisson Systems, Tricentis, Boingo Wireless, Inc.

The countries covered in the global wireless internet services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global wireless internet services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global wireless internet services market is segmented -

1) By Type: Community Hotspots, Public Hotspots

2) By Application: Education, Financial Services, Healthcare, Hospitality, Retail, Telecom & IT, Transportation, Others

3) By End User: Enterprises, Communication Service Provider And Network Operators, Government

The broadband internet services market consists sales of broadband internet services and the products related to it. The broad band internet services are used for Voiceover Internet Protocol (VoIP), Internet TV, Smart home applications, Remote online education, Virtual private LAN service, Interactive gaming, etc. Broadband internet services can be accessed through wireless, fiber cable, satellite etc.

The global broadband internet services market is expected to grow from $248.66 billion in 2020 to $271.71 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $355.42 billion in 2025 at a CAGR of 7%.

The broadband internet services market covered in this report is segmented by type into C band; Ku band; Ka band.

Increasing demand for consumer broadband is driving the broadband internet services market. The rising application of internet in communication, sharing information, education and entertainment sector is supporting the growth of consumer broadband. Also, government is playing a major role in stimulating demand for broadband internet services by providing better public online services in every sector, encouraging rural and remote areas to use the broadband internet services, establishing privacy and quality standards, etc. According to the data reportal newsletter, the total active internet users at the end of January 2019 was 4.388 billion whereas in January 2020 the total number of active internet users upsurge to 4.54 billion. The usage of voice search, voice commands, smart home devices, gaming-related activities, online content activities, streaming TV, etc. are more responsible for an increase in the demand for consumer broadband services.

The high costs of fiber optic cable restrains the broadband internet services market. The fiber optic is the latest technology that gives reliability and symmetrical speed options, unlike other internet services for the consumers. The cable or copper installation contributes to the high cost of fiber optic broadband services compared with other internet services. The fiber optic line installation is more complicated and the cost estimation is difficult for every building. According to the Federal Communications Commission (FCC), the minimum fiber optic deployment costs should be $5000 per user. The pricing is also mainly varying on the services providing by broadband entities. The fiber optic connection provides fast and symmetrical speeds, the cost of installation and its maintenance has become a major challenge for broadband internet service providers.

Players in the broadband internet service industry are focusing on advancing digital infrastructure and services to serve its customers. Digital infrastructure is more focused on digital economic activities and technological applications. The digital infrastructure helps for the digital development of a country. According to the Asian Infrastructure Investment Bank (AIIB) report, the digital infrastructure helps to expand the internet connectivity and supports to establish the data centres to provide digital services. The emerging markets like India, Pakistan, etc. are more focused on mobile broadband infrastructure than fixed broadband internet services infrastructure whereas the developing and developed countries are concentrating on coverage of universal mobile broadband and superfast fixed broadband infrastructure. Demand in broadband internet services is driving the market to double the broadband speed and expand the internet connectivity where the companies and government are trying to increase the advancements in digital infrastructure and services.

In March 2019, consortium of Apax Partners, Warburg Pincus and two private equity Canadian pension funds firms acquired UK-based satellite communications company Inmarsat for $3.4 billion. The acquisition main priority is to remain Inmarsat’s Headquarters in the UK and operates it in research and development. Inmarsat has 13 satellites that operate for providing internet services, email and video conferencing. Inmarsat still provides communication services for ships and the consortium ensured that the company Inmarsat would fulfil its all previous obligations under the global maritime distress and safety system.

The major players covered in the global broadband internet services market are SES Astra, Inmarsat, Iridium Communications, ViaSat, EchoStar, EarthLink Holding Corp., Intelsat General, Eutelsat, IDirect, Singtel, KVH, Speedcast, Gilat Satellite Networks, Avonline Satellite Solutions Ltd, Skycasters, HISPASAT Group, China Telecom, China Unicom, Comcast, NTT, AT&T, Deutsche Telecom, Time Warner Cable, Verizon, Orange SA, Korea Telecom, Cambium Networks, Intracom Telecom, RADWIN, Redline communications, Proxim Wireless.

The countries covered in the global broadband internet services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global broadband internet services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global broadband internet services market is segmented -

1) By Type: C Band, Ku Band, Ka Band

2) By Application: VoIP (Voice Over Internet Protocol), Internet TV, Smart Home Application, Remote Education, Virtual Private LAN Service, Interactive Gaming, VPN on Broadband

3) By End User: Business, Household, Others

The radio station market consists of sales of radio broadcasting services and the products related to radio broadcasting. Radio broadcasting services are typically a radio waves or audio signals that are transmitted from servers to larger audience all over the world. Radio waves can be transmitted in the form of AM (Amplitude Modulation) or FM (Frequency Modulation) and analog/digital technology is used for broadcasting the programs over a radio network.

The global radio station market is expected to grow from $44.74 billion in 2020 to $47.61 billion in 2021 at a compound annual growth rate (CAGR) of 6.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $43.07 billion in 2025 at a CAGR of -2%.

The growth in the event advisements in radio broadcasting is driving the radio station market. Radio is one of the oldest media which is very helpful for advisements and is cheaper than television. Radio is a very strong and cost-effective influential medium for reaching many audiences. Many companies are still using radio advertising as their marketing strategy. Companies usually pay radio broadcasters to promote their products or services like television ads. There are various types of radio advertisements such as live read, jingle ad, testimonial, personal ad, sponsored to reach out to a vast audience. The advertisement segment in radio station is one of the fastest-growing segments in radio broadcasting because the radio is the main source of all demographic news and also for entertainment. Rural markets are more responsible for the growth of radio advertising because radio acts as a powerful medium of advertising for rural markets.

Regulations on the radio spectrum are hampering the radio market. Radio spectrum is a radio frequency that is used to transmit the radio waves from transmitters to the user within the radio station coverage area. For each radio station, certain frequencies are allotted to transmit the radio waves. The Office of Engineering and Technology (OET) department in the Federal Communications Commission (FCC) maintains the FCC’s allotted frequencies to radio stations. Currently, in the US the range of 9 kHz and 275 GHz frequencies allotted for radio stations to transmit the radio waves and audio signals. These radio frequencies are designated for terrestrial/space radiocommunication services and radio astronomy service under specified conditions quoted by FCC. There are federal rules and regulations on each radio broadcasting company, one cannot use more than allotted frequency range to cover the larger area. If the radio broadcasting services need to cover the larger area, they need to apply to FCC for the new radio station, which makes it all the more difficult for radio station to telecast on broader bandwidth thereby restraining the market.

Curated and personalized music over the radio is the latest trend in the radio market. A curated and personalized music option helps the listeners to choose the various personalized radio stations. Radio companies and online audio streaming companies are updating their apps to enhance the listener experience by adding personalized radio channels. For instance, Spotify, one of the largest online audio streaming companies, added artist radio feature which helps the audience to feature the personalized radio stations. Personalized radio stations can be covered with endless tracks from different artists. The personalized and curated music options helped radio companies to continuously engage the audience by recommending personalized content and also many companies took this strategy as a competitive advantage.

In September 2018, Hubbard Broadcasting, Inc. is an American television and radio broadcasting corporation based in St. Paul, Minnesota operating over 50 radio stations has been a pioneer in radio since 1925 acquired six radio stations from Alpha Media LLC for $88 million. The Alpha Media LLC transferred its six radio stations WRMF-FM, WIRK-FM, WMEN-AM, WFTL-AM, WEAT-FM, and WMBX-FM in West Palm Beach (Florida) to Hubbard Radio. The acquisition benefits Hubbard radio to increase its radio stations and market share which helps to increase its audience from West Palm Beach. West Palm Beach is the third-largest market for Alpha Media LLC.

The major players covered in the global radio station market are Entercom Communications, Cumulus Media, CBS, iHeartMedia, Beasley Broadcast Group, Cox Radio, Townsquare Media, SFX Broadcasting, Bell Media, Emmis Communications, Harris Corporation, Motorola Solutions, Inc., Simoco, Raytheon Company, JVCKENWOOD Corporation, Thales SA, Raytheon Company, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Limited, Sepura PLC, ABC Radio, Bonneville Broadcasting, Communicorp, UTV Radio, Beasley Broadcast Group, Buckley Radio, American General Media, Salem Media Group, Walt Disney, Sirius XM Radio Inc.

The countries covered in the global radio station market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global radio station market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global radio station market is segmented -

1) By Type: Broadcast Radio, Satellite Radio, Online/ Mobile Radio

2) By Application: Advertising, Public License Fee, Subscription

3) By End Use: Entertainment, Communications, Commercial

The blockchain services market consists of sales of blockchain services and related products. For companies engaged in building blockchain applications blockchain-as-a-service acts as a third-party service that creates and manages cloud-based networks which is a growing field for blockchain technology. The revenue generated by the blockchain services market is through sales of blockchain services by platform vendors and service providers for the application of identity management, payments, smart contracts, supply chain management, and others.

The global blockchain services market is expected grow from $1.06 billion in 2020 to $1.62 billion in 2021 at a compound annual growth rate (CAGR) of 52.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.45 billion in 2025 at a CAGR of 59%.

The blockchain services market covered in this report is segmented by component into tools, services.

There is a growing significance of blockchain services with increased investments in blockchain technology from both government and private entities like banks and financial institutions. The blockchain technology gives rise to new business models in various areas such as cross-border payments, remittance, exchanges, internet banking, trade finance, Know Your Customers (KYC), and risk and compliance with decentralized applications of this technology. In 2019, the South Korean government allotted a budget of KRW 1 trillion for blockchain development among the KRW 5 trillion budget for economic development through innovation. Among the total cryptocurrency trading worldwide, 30% was from South Korea. The increased use of blockchain technology in organizations will require services to manage the networks and infrastructure, which will increase the demand for blockchain services and boost market growth.

The inefficiency of scalability in blockchain technology impedes the blockchain services market as it obstructs the processes involved. There is a partial dependence of the blockchain network's health over the number of nodes in the network and the spread of those nodes across the world. The bigger the blocks, the increase in the size of the blockchain is even faster which removes out the solo miners, and that eventually results in more pile-up of transactions. For instance, bitcoin scalability is an issue that resulted from the limited rate of processing of transactions that relates to an increase in the number of transactions and the limited size of blocks. In 2019, the blockchain size has grown to 242.386 GB from 184.622 GB in 2018. In 2018, in a week there were 165,000 unconfirmed transactions resulting in scaling issues due to the huge number of transactions. Similarly, scalability issues have congested the Ethereum network by Cryptokitties app due to a six-fold increase in transactions with Cryptokitties release and resulted in the pile-up of all unprocessed transactions. Thus, an increase in the number of transactions results in scalability issues, which hampers the growth of the blockchain services market.

Quantum computing is gaining popularity in the blockchain space that will help overcome the problems faced in providing blockchain services. Quantum computing is a process that uses quantum-mechanical phenomena like superposition and quantum entanglement for computing. Quantum computing utilizes qubits that help in the storage and processing of a large amount of data exponentially fast with less energy consumption, unlike conventional computers that use bits for the same process. In 2019, Google announced that its quantum computer performed a calculation in 200 seconds which had a 53-qubit Sycamore processor. The same would take 10,000 years for the world's fastest supercomputer, Summit, a supercomputer by IBM. The use of quantum computing will help resolve issues related to scalability and higher energy consumption by blockchain technology.

In March 2020, Genesis Group, a cloud-based information technology services provider, announced plans to acquire Blockchain Consulting GmbH (BC) for an undisclosed amount. This acquisition will help Genesis Group to utilize BC's resources in crypto mining. BC provides services such as blockchain software development, strategic consulting, and crypto market analysis.

The major players covered in the global blockchain services market are IBM Corporation, Amazon.com, Microsoft Corporation, Oracle Corporation, SAP, Stratis, Baidu, Inc., Huawei Technologies Co. Ltd., Accenture, Deloitte, Infosys, Hewlett-Packard Enterprise, Waves Platform, HPE, AWS, KPMG, ConsenSys, Cognizant, NTT Data, Capgemini, Wipro, Mphasis, PwC, TCS, TO THE NEW, EY, L&T Infotech, Alibaba, OpenXcell, lntinfotech, Ardor Nxt Group.

The countries covered in the global blockchain services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The regions covered in the global blockchain services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global blockchain services market is segmented -

1) By Component: Tools, Services

2) By End-Use: BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Logistics, Government, Media & Entertainment, Energy and Utilities, Others

3) By Application: Payments, Smart Contracts, Supply Chain Management, Governance, Risk, and Compliance Management, Identity Management, Others