Virtual Reality In Healthcare Global Market Report 2023 – By Component (Hardware, Software), By Technology (Full Immersive Virtual Reality, Non Immersive Virtual Reality, Semi Immersive Virtual Reality), By Device Type (Head Mounted Display, Gesture Tracking Device, Projectors and Display Units, Other Devices), By Application (Patient Care Management, Education And Training, Fitness Management, Pharmacy, Surgery, Other Applications), By End User (Research And Diagnostics, Laboratories, Hospitals And Clinics, Pharmaceutical Companies, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

The virtual reality software and services refer to software and services used to create an artificial simulated environment. Some examples of products and services in this market include Google VR services and 3D modelling software like AutoCAD, Zbrush, and 3DS Max. The main types of virtual reality software and services are 3D modelling software, 360-degree custom VR software, and real time simulation software. VR 3D modelling software utilizes technologies such as dynamic mesh-based polygon technology to provide artists and users with powerful and efficient virtual reality tools to create high-quality models and designs. The different modes of deployment include cloud-based, on-premise and are used in various applications such as entertainment, gaming, tourism, hospitals, and others. The global virtual reality software and services market is segmented - 1) By Type: 3D Modelling Software, 360 degree Custom VR Software, Real Time Simulation Software 2) By Application: Entertainment, Gaming, Tourism, Hospitals, Other Applications 3) By Deployment: On-Premise, Cloud The global virtual reality software and services market size is expected to grow from $9.98 billion in 2022 to $12.71 billion in 2023 at a compound annual growth rate (CAGR) of 27.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global virtual reality software and services is expected to reach $30.83 billion in 2027 at a CAGR of 24.7%. Growth in the gaming industry is driving the virtual reality software and services market. Virtual reality is a 3D, computer generated environment which can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Gaming companies are increasingly using VR technology for a more immersive and realistic experience for gamers. Therefore, to improve and enhance the entire gaming experience, companies are redesigning consoles to include technology that enables the gamer to get a 360-degree view. For example, in 2021, the gaming sector generated total revenues of $180.3 billion, a significant increase from 2020. Therefore, such expansion of gaming industry is increasing the demand for VR software and services, thus driving the virtual reality software and services market growth. Major players in virtual reality software and services market are Google Inc., Facebook, Microsoft Corporation, Zappar, Pixar, Mozilla, Amazon, Apple, Razer, FOVE, BAE Systems, Qualcomm Inc., High Fidelity, Starbreeze Studios, Oculus VR, Metaio GmbH, Sony, Briovr, Pixologic Inc., HTC, Vuzix Corporation, and DAQRI. Inadequate storage capacity is a major restraint on the virtual reality software and services market. The volume of data files created by VR platforms is increasing at a rapid rate, resulting in storage problems for VR companies. Cloud storage is not a feasible solution for storing VR generated data, since there is a constant necessity to make changes to the files. As the applications of virtual reality are increasing, the amount of data to be stored is also increasing with some applications generating up to one terabyte of data per hour. For example, the total multimedia VR based data reached 230 exabytes in 2021. Thus, such storage problem is resulting in additional costs for VR companies in terms of storage devices and also preventing many companies from investing in virtual reality software and services industry. Companies in the virtual reality software and services market are increasingly seeking partnership opportunities to share knowledge and expertise in order to gain a competitive advantage over other players. For example, in 2021, ArborXR, and Matts Digital announced a partnership to provide frictionless extended reality solutions at scale in Europe and beyond. Similarly, in July 2022, HTC Corporation, a Taiwan-based manufacturer of consumer electronics partnered with VRdirect GmbH, a Germany-based virtual reality solution. With the partnership, the companies aims to open up the B2B metaverse to a variety of business types. In order to do this, HTC's VIVE Business AppStore now offers the VRdirect software for the HTC Vive Focus 3. The Asia-Pacific was the largest region in the virtual reality software and services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global virtual reality software and services market report during the forecast period. The regions covered in the global virtual reality software and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the virtual reality software and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The virtual reality software and services market includes revenues earned by entities by providing VR visualization, VR game engines, and VR training simulators. This also includes companies solely involved in designing, developing, or publishing. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD (cash)? unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The virtual reality software and services market research report is one of a series of new reports from The Business Research Company that provides virtual reality software and services market statistics, including virtual reality software and services industry global market size, regional shares, competitors with a virtual reality software and services market share, detailed virtual reality software and services market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality software and services industry. This virtual reality software and services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Virtual reality (VR) devices are defined as devices that use advanced computer technology called virtual reality to create a simulated environment. VR devices such as head-mounted displays (HMD), gesture tracking devices (GTD), projectors, and display walls (PDW) allow users to immerse themselves in real environments and interact with 3D worlds. The main type of virtual reality devices is handheld devices, head mounted devices, gesture-controlled devices, and other types. The hand-held devices virtual reality can be used freely while roaming. The technologies used in virtual reality devices are semi and fully immersive, non-immersive and applied in medical and healthcare, commercial, education, advertising and marketing, commerce, energy and utilities, entertainment and gaming, designing and engineering, logistics and others. The global virtual reality devices market is segmented - 1) By Type: Hand Held Devices, Head Mounted Devices, Gesture Controlled Devices, Other Types 2) By Application: Medical & Healthcare, Commercial, Education, Advertsiing & Marketing, Commerce, Energy & Utilities, Entertainment & Gaming, Designing & Engineering, Logistics, Other Applications 3) By Technology: Semi & Fully Immersive, Non-immersive The global virtual reality devices market size will grow from $10.15 billion in 2022 to $10.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global virtual reality devices is expected to grow to $14.19 billion in 2027 at a CAGR of 6.9%. Rising demand for virtual reality devices in changing the traditional way of imparting safety trainings to employees is expected to drive the virtual reality devices market. Virtual Reality provides an effective and safe training environment for the employees in an organization. Traditional training method fail to recreate real time crisis scenarios while VR trainings create the real time crisis scenarios which helps a person to respond in a similar way to that of real time situations, thus providing effective and safe training to staff. It has resulted in fewer mistakes and better information recall than traditional trainings. For example, Ford uses virtual reality which simulates real-life situations to train its staff in a more receptive and effective way than training theoretically. Major players in the virtual reality devices market are Google, Sony Corporation, Samsung Electronics Co. Ltd., Oculus VR LLC., Marxent Labs, Microsoft Corporation, Apple, HTC Corporation, Qualcomm, and Lenovo Group Ltd. The interferences in demand and supply chains caused by COVID19 lockdown are to act as major restraint hampering the growth of the virtual reality market during 2020. According to the World Trade Organization (WTO), the coronavirus represents unprecedented disruptions to the world trade and global economy, as consumption and production are scaled backed worldwide. Moreover, according to Media Post’s news published in March 2020, the shipments for virtual reality headsets are expected to record a decline of approximately 17% during 2020, owing to disruptions in the supply chain caused by COVID19 lockdowns. Hence, the disturbances in demand and supply chain are to act as a major factor to contribute to the declining shipments for virtual reality devices during 2020. Integration of 5K stereoscopic video in VR devices is one of the growing trends that is changing the landscape of virtual reality device market. 5k stereoscopic video is a 5k-resolution video technology which replaces the previous 360 video low resolution technology used in VR headsets. This 5K stereoscopic video would provide a complete and detailed VR immersion experience for the viewers. For instance, Oculus VR, an American technology company, developed Guided Meditation VR which is virtual reality relaxation app that runs 5K stereoscopic video content on the Oculus Go (mobile headsets) version of the app. In August 2020, ByteDance, a China-based, internet services company, acquired Pico Interactive for $773 million (RMB ¥5 billion). This acquisition brings ByteDance into a direct competition with Facebook, which controls the top VR platform. Pico Interactive is a China-based provider of virtual reality (VR) headsets for consumers and enterprise. Asia-Pacific was the largest region in the virtual reality devices market in 2022. Western Europe was the second-largest region in the global virtual reality devices market analysis. The regions covered in the global virtual reality devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The virtual reality devices market consists of sales of head mounted display (HMD) devices, gesture tracking devices (GTD), projectors and display walls (PDW), and other virtual reality devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The virtual reality devices market research report is one of a series of new reports from The Business Research Company that provides virtual reality devices market statistics, including virtual reality devices industry global market size, regional shares, competitors with a virtual reality devices market share, detailed virtual reality devices market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality devices industry. This virtual reality devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Virtual reality (VR) is an artificial environment created with software that is presented to the user in such a way that the user stops believing and accepting it as a real environment. The main types of virtual reality services are hardware and software. The various basis of services includes consulting, training, implementation, integration, operation, and maintenance that are used for healthcare, education, real estate, advertising, travel, gaming, entertainment, and other applications. Consulting is defined as the practise of providing expertise on a subject to a third party for a fee. Advisory or implementation services are also provided as part of the service. The global virtual reality services market is segmented - 1) By Type: Hardware, Software 2) By Basis of Service: Consulting, Training, Implementation, Integration, Operation, Maintenance 3) By Application: Healthcare, Education, Real Estate, Advertising, Travel, Gaming, Entertainment, Other Applications The global virtual reality services market size will grow from $9.32 billion in 2022 to $10.88 billion in 2023 at a compound annual growth rate (CAGR) of 16.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global virtual reality services is expected to grow to $18.75 billion in 2027 at a CAGR of 14.6%. The virtual reality services in telehealth is a key factor driving the growth of the virtual reality services market. To support COVID-19 patients, thousands of doctors and nurses will require advanced skills, which will be supported by VR-powered tools to cope in a simulated world with an anticipated influx of COVID-19 patients. Training services by virtual reality designed particularly for coronavirus pathology scenarios are highly beneficial and realistic in today's situation and also enable medical students, doctors, and nurses to quickly apply studied principles and procedures to the real world. For instance, the XRHealth application allows the hospitals to treat incoming coronavirus victims who are in hospital quarantine and it allows the physicians to monitor them when they return home. Therefore, the increasing necessity of virtual reality services in telehealth is expected to drive the significant virtual reality services market growth. Major players in the virtual reality services market are Skywell Software, LittlStar, Creative Solutions, Gramercy Tech, HQSoftware, Program Ace, Groove Jones, Xicom Technologies, Zco Corporation, The Intellify, Quy Technology, Fluper, JPLoft Solution, Credencys Solutions, HorizonCore Infosoft, Quytech, Hedgehog Lab, IndiaNIC Infotech Limited, Chetu, Vakoms, Delta Reality, Dyfuzja, Cortex, Chocolate Milk & Donuts, NARSUN, and Setapp. The high cost associated with virtual reality services hampers the growth of the virtual reality services market. The best VR experience will cost a lot of money. The investment required for the VR experience is high. For instance, one needs to spend at least a few hundred dollars (on the low end) only for the graphics card itself, excluding other internals of the computer. The high-end virtual reality computer would cost $1,000 easily, and the high-end VR headset such as Vive or Oculus Rift from HTC would cost $599 and $799, respectively. Therefore, the high cost for a VR experience is expected to hinder the growth of the virtual reality services industry. Remote shopping with virtual reality is a key trend in the virtual reality services market. Many people are not doing offline shopping due to isolation and quarantine with the global COVID-19 outbreak and that does not mean e-commerce companies must also stop communicating with their customers and clients. Virtual reality alternatives opened great chances where businesses can offer potential customers new buying experiences without preventing their outreach. E-commerce companies could now reframe the experience for the customers and redesign their shopping journeys by using VR services. For instance, USA-based brand GAP developed a virtual Dressing Room app that allows the user to digitally try out clothes before making a purchasing decision. It will help customers to choose the right outfit and also contributes to the reduction of product returns and the reduction of expensive financial burdens for retailers. Asia-Pacific was the largest region in the virtual reality services market in 2022. North America was the second largest region in the global virtual reality services market share. The regions covered in the global virtual reality services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the virtual reality services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The virtual reality services market includes revenues earned by entities by providing virtual reality services that are used in different sectors such as aerospace, defense, gaming, entertainment, tourism, diagnostics and surgeries. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The virtual reality services market research report is one of a series of new reports from The Business Research Company that provides virtual reality services market statistics, including virtual reality services industry global market size, regional shares, competitors with a virtual reality services market share, detailed virtual reality services market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality services industry. This virtual reality services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Virtual reality (VR) is an artificial environment created with software that is presented to the user so that the user stops believing and accepts it as a real environment. The main types of virtual reality software are 3D modeling software, 360-degree custom VR software and real-time simulation software. 3D modelling software are used to create a virtual three-dimensional model of a physical object. The software are deployed through on-premise and cloud mode for the automotive, medical, real estate, oil and gas, entertainment, industrial, other applications. The global virtual reality software market is segmented - 1) By Type: 3D Modelling Software, 360 Degree Custom VR Software, Real Time Simulation Software 2) By Deployment: On-Premise, Cloud 3) By Application: Automotive, Medical, Real Estate, Oil and Gas, Entertainment, Industrial, Other Applications The global virtual reality software market size will grow from $9.98 billion in 2022 to $12.76 billion in 2023 at a compound annual growth rate (CAGR) of 27.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global virtual reality software is expected to grow to $30.83 billion in 2027 at a CAGR of 24.7%. Growth in the gaming industry is a key factor driving the growth of the virtual reality software market. VR-powered games are much more beneficial than books as VR enables the games more appealing. Globally people are resorting to VR games to fight the boredom and fear connected with the pandemic. For instance, an inexpensive coronavirus VR game COVID Escape Room is designed to help children develop real-world activities and concepts in a virtual environment. Through this game, children will not only understand how to wash their hands and handle the sneeze in a fun way to prevent coronavirus infection (COVID-19) but also get to know in detail why social distancing is vital. In March 2020, the global spending on digital games increased to $10 billion, the highest monthly estimate ever. Therefore, the growth in the gaming industry is expected to drive the virtual reality software market growth. Major players in the virtual reality software market are Microsoft Corporation, Blippar Inc., Pixologic Inc., Metaio Gmbh, Qualcomm Incorporated, Oculus VR LLC., WorldViz., Starbreeze Studios, Razer Inc., HTC Corporation, BAE Systems AB, Istaging, Axonom Powertrak, Cupix, Viar, IrisVR, Briovr, Techviz, Unigine, Phenomatics Virtual Reality Software, Worldviz, Virtalis, ESI Group, XVR Simulation, EON Reality, High Fidelity, Mirra, Arcadia Augmented Reality, Smartvizs and Imaginate. The bigger size of VR software hampers the growth of the virtual reality market. The VR software involves a lot of computing power and takes up lots of space compared to other technologies as VR devices require additional programming for their immersive experience. Condensing software is not very hard, shrinking in size will take more time for VR software to do, and this compression, in turn, will increase VR's initial costs. The process of developing virtual reality software professionally will vary from $10,000 to $60,000 or more. As the applications of virtual reality are increasing, the amount of data to be stored is also increasing with some applications generating up to one terabyte of data per hour. This storage problem is resulting in additional costs for VR companies in terms of storage devices and also preventing many companies from investing in virtual reality software. The integration of virtual reality (VR) in healthcare through mobile apps is a key trend in the virtual reality software market. VR-based mobile apps enable the treatment of several diseases which help to resolve many health issues and these VR apps are also used for education, which is not limited to the use by students alone and can be used by other interested stakeholders too. For example, in September 2022, Novant Health, a US-based healthcare company introduced VR training of its administrative and clinical team members for leadership. This includes the voice-activated, immersive virtual reality leadership training to aid leaders approach sensitive issues with their teams and is inspired by ‘Talking Taboo’. This provides an immersive environment for practicing difficult workplace discussions while addressing unconscious bias. In May 2020, Apple, an American company, acquired NextVR, Inc. for an undisclosed amount. Through this acquisition, Apple has been making a deeper push into entertainment and is reportedly developing an AR-VR headset. NextVR, Inc., an American company, is best known for providing access to events like concerts and sporting events through virtual reality. Asia-Pacific was the largest region in the virtual reality software market in 2022. North America was the second largest region in the global virtual reality software market analysis. The regions covered in the global virtual reality software market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the virtual reality software market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The virtual reality software market includes revenues earned by entities by offering virtual reality software that are used in different sectors such as aerospace, defense, gaming, entertainment, tourism, diagnostics and surgeries. Virtual reality (VR) is an artificial environment generated with software and displayed to people so that the user suspends convictions and accepts them as real environments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The virtual reality software market research report is one of a series of new reports from The Business Research Company that provides virtual reality software market statistics, including virtual reality software industry global market size, regional shares, competitors with a virtual reality software market share, detailed virtual reality software market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality software industry. This virtual reality software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Multi-access edge computing refers to a type of network architecture that offers IT service environments and cloud computing capabilities at the network's edge. Reduced latency, more effective network management and service delivery, and enhanced customer experience are the main objectives of MEC. The main components of multi-access edge computing are hardware, software, and services. Hardware components drive the application of edge computing across diverse industries, and they are used to accomplish different tasks depending on the software applications they're provisioned with. The different types of technologies include augmented reality, data caching, the internet of things, real-time video analytics, and virtual reality and involve various organization sizes such as small and medium enterprises and large enterprises. It is used in several sectors, including IT and telecom, smart cities, smart homes, and smart buildings, data centers, energy and utilities, automotive or government, and others. The global multi access edge computing market is segmented - 1) By Component Type: Hardware, Software, Service 2) By Organisation Size: Small And Medium Enterprise, Large Enterprise 3) By Technology: Augmented Reality, Data Caching, Internet of Things, Real Time Video Analytics, Virtual Reality 4) By End-User: IT And Telecom, Smart Cities, Smart Homes, And Smart Buildings, Datacenters, Energy And Utilities, Automotive And Governement, Other End Users The global multi-access edge computing market size will grow from $2.6 billion in 2022 to $4.03 billion in 2023 at a compound annual growth rate (CAGR) of 55.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the multi-access edge computing is expected to grow to $28.43 billion in 2027 at a CAGR of 62.9%. The increase in the number of connected devices is contributing to the growth of the multi-access edge computing market. The connected devices include computing hardware, laptop or desktop, mobile devices that connect with the internet and each other via various wired and wireless networks. The connected devices allow for a wide range of latency and bandwidth. As a result, it employs multi-access edge computing (MEC), which offers ultra-low latency and high bandwidth while allowing applications to make use of real-time radio network data. For instance, the Cisco Annual Internet Report published in March 2020 states that there will be 29.3 billion networked devices by 2023, up from 18.4 billion networked devices in 2018. Therefore, an increase in the number of connected devices is expected to promote the growth of the multi-access edge computing industry going forward. Major players in the multi-access edge computing market are ADLINK Technology Inc., Advantech Co Ltd., Nokia Corporation, Cisco Systems, IBM Corporation, Huawei Technologies Co. Ltd., Juniper Networks Inc., Saguna Networks Ltd., SpiderCloud Wireless, Vapor IO, FogHorn Systems, Vasona Networks (ZephyrTel), ZTE Corporation, Microsoft Corporation, and Intel. The emergence of hybrid computing architecture platforms is shaping the multi-access edge computing market. A hybrid cloud sometimes called a cloud hybrid is a computing environment that combines an on-premises data center with a public cloud, allowing data and applications to be shared between them. Multi-access edge computing is a network architecture that delivers cloud computing and an IT service environment at the network's edge. System manufacturers will connect multiple SMP machines using a high-speed interconnect to create a hybrid system with a communications model involving two different levels of service. For instance, in August 2020, Nutanix, a cloud computing firm has launched its hybrid cloud infrastructure 'Clusters' on AWS (Amazon Web Services) to migrate on-premise applications to the public cloud and maintain unified operations across multiple clouds. In September 2021, J Frog, a US-based software company acquired Upswift for an undisclosed amount. This acquisition seeks to provide the industry's first complete development-to-device platform, as well as to actualize digital transformation and bring automation from development environments to the cloud. Upswift is an Israel-based company that manufactures connected edge device management solutions and management platforms for developers. North America was the largest region in the multi-access edge computing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-access edge computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the multi-access edge computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The multi-access edge computing market includes revenues earned by entities by providing solutions for automated processes for storing, analyzing, and processing data at the network’s edge to enhance the real-time enterprise capabilities in IT service environment and cloud computing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The multi-access edge computing research report is one of a series of new reports from The Business Research Company that provides multi-access edge computing statistics, including multi-access edge computing industry global market size, regional shares, competitors with multi-access edge computing share, detailed multi-access edge computing segments, market trends and opportunities, and any further data you may need to thrive in the multi-access edge computing industry. This multi-access edge computing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The Wi-Fi 6 refers to the next generation standard in WiFi technology. WiFi 6 also known as "AX WIFI" or"802.11ax WiFi" builds and improves on the current 802.11ac WiFi standard. WiFi 6 was originally built-in response to the growing number of devices in the world. WiFi 6(802.11ax) is designed to improve speed, increase efficiency, and reduce congestion in heavy bandwidth usage scenarios. The main offerings of Wi-Fi 6 are hardware, solutions, and services performance gained from WiFi 6 requires new hardware because software updates are not as reliable as hardware updates. A WiFi 6-capable router is necessary in order to benefit from this new technology, even though the vast majority of the home's equipment already supports WiFi 6. The devices are mesh routers, wireless access points, home gateways, and wireless repeaters. The commercial use: enterprises, consumers. The end users include education, retail, e-commerce, healthcare, government, hospitality, transportation and logistics, manufacturing, consumer electronics, augmented reality and virtual reality (AR/VR), and smart cities. The global Wi-Fi 6 market is segmented - 1) By Offering: Hardware, Solutions, and Services 2) By Devices: Mesh Routers, Wireless Access Points, Home Gateways, Wireless Repeaters 3) By Commercial Use: Enterprises, Consumers 4) By End Users: Education, Retail and E-Commerce, Healthcare, Government, Hospitality, Transportation and Logistics, Manufacturing, Consumer Electronics, Augmented Reality and Virtual Reality (AR/VR), Smart Cities The global wi-fi 6 market size will grow from $12.88 billion in 2022 to $17.33 billion in 2023 at a compound annual growth rate (CAGR) of 34.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the wi-fi 6 is expected to grow to $62.48 billion in 2027 at a CAGR of 37.8%. Increasing deployment of public Wi-Fi is expected to propel the growth of the Wi-Fi 6 market. These "hotspots" are so common that people connect to them automatically. Users may use the internet for free because of Wi-Fi, which is available in many places such as hotels, malls, coffee shops, and restaurants. Since it theoretically provides a higher speed, Wi-Fi 6 is regarded as the standard for the future. For instance, in 2019, according to a report released by vikaspedia an online information guide launched by the government of India, the national digital communication policy has planned 5 million Wi-Fi hotspots projected by 2020 and 10 million by 2022 as of 2019 India has 0.35 million public wi-fi hotspots, according to estimates. Therefore, demand for Wi-Fi 6 will rise as the prevalence of the growing deployment of public Wi-Fi rises. Major players in the wi-fi 6 market are Cisco Systems, Intel Corporation, Huawei Technologies, NETGEAR, Juniper Networks, Broadcom Inc., Qualcomm Inc.,, Extreme Networks, Ubiquiti Inc., Fortinet Inc., Aruba Networks, NXP Semiconductors, AT&T, Cambium Networks, D-Link Corporation, Alcatel-Lucent, TP-Link, MediaTek, Telstra, and Murata. Technological advancements are a key trend gaining popularity in the Wi-Fi 6 market. Major companies operating in the Wi-Fi 6 market are focused on developing new technological solutions flexible across other elements driving the expansion of technology like traffic prioritization, OFDMA, and beamforming. Additionally, more secure, the new protocol makes use of SAE and other cutting-edge encryption techniques. The more recent 6 GHz frequency band is available to Wi-Fi 6-capable devices, allowing for better connectivity. For instance, in December 2021, Huawei a China-based multinational technology corporation and manufacturer of telecommunications equipment company launched AirEngine 6760–X1 & 6760–X1E, which provide high-quality signal coverage with no blind spots by efficiently increasing signal strength and enabling signals to follow people. Alternately, the AirEngine 6760-X1E can be coupled with several external antennae to adapt to challenging settings, including high-rise constructions and limited hallways. In May 2020, Intel Corporation, a US-based developer of microprocessors and semiconductor manufacturing company, acquired Rivet Networks for an undisclosed amount. Through this acquisition, the Killer AX1650 Wi-Fi solution, created by Intel and Rivet Networks in collaboration, offers compelling Wi-Fi 6 technology coupled with immersive entertainment and gaming experiences. The features of Rivet Networks' solutions, particularly its software, complement those of Intel's wireless offerings. Rivet Networks LLC is a US-based company, with hardware, software, and cloud-based technology to deliver solutions. North America was the largest region in the Wi-Fi 6 market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the Wi-Fi 6 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Wi-Fi 6 market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The Wi-Fi 6 market consists of revenues earned by entities by providing hardware for Wi-Fi 6, including wireless access points, home gateways, and mesh routers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The Wi-Fi 6 market research report is one of a series of new reports from The Business Research Company that provides Wi-Fi 6 market statistics, including Wi-Fi 6 industry global market size, regional shares, competitors with a Wi-Fi 6 market share, detailed Wi-Fi 6 market segments, market trends and opportunities, and any further data you may need to thrive in the Wi-Fi 6 industry. This Wi-Fi 6 market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Wi-Fi 6 refers to the next generation standard in WiFi technology. WiFi 6 also known as "AX WIFI" or"802.11ax WiFi" builds and improves on the current 802.11ac WiFi standard. WiFi 6 was originally built-in response to the growing number of devices in the world. WiFi 6(802.11ax) is designed to improve speed, increase efficiency, and reduce congestion in heavy bandwidth usage scenarios. The main offerings of Wi-Fi 6 are hardware, solutions, and services performance gained from WiFi 6 requires new hardware because software updates are not as reliable as hardware updates. A WiFi 6-capable router is necessary in order to benefit from this new technology, even though the vast majority of the home's equipment already supports WiFi 6. The devices are mesh routers, wireless access points, home gateways, and wireless repeaters. The commercial use: enterprises, consumers. The end users include education, retail, e-commerce, healthcare, government, hospitality, transportation and logistics, manufacturing, consumer electronics, augmented reality and virtual reality (AR/VR), and smart cities. The global Wi-Fi 6 market is segmented - 1) By Offering: Hardware, Solutions, and Services 2) By Devices: Mesh Routers, Wireless Access Points, Home Gateways, Wireless Repeaters 3) By Commercial Use: Enterprises, Consumers 4) By End Users: Education, Retail and E-Commerce, Healthcare, Government, Hospitality, Transportation and Logistics, Manufacturing, Consumer Electronics, Augmented Reality and Virtual Reality (AR/VR), Smart Cities The global wi-fi 6 market size will grow from $12.88 billion in 2022 to $17.33 billion in 2023 at a compound annual growth rate (CAGR) of 34.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the wi-fi 6 is expected to grow to $62.48 billion in 2027 at a CAGR of 37.8%. Increasing deployment of public Wi-Fi is expected to propel the growth of the Wi-Fi 6 market. These "hotspots" are so common that people connect to them automatically. Users may use the internet for free because of Wi-Fi, which is available in many places such as hotels, malls, coffee shops, and restaurants. Since it theoretically provides a higher speed, Wi-Fi 6 is regarded as the standard for the future. For instance, in 2019, according to a report released by vikaspedia an online information guide launched by the government of India, the national digital communication policy has planned 5 million Wi-Fi hotspots projected by 2020 and 10 million by 2022 as of 2019 India has 0.35 million public wi-fi hotspots, according to estimates. Therefore, demand for Wi-Fi 6 will rise as the prevalence of the growing deployment of public Wi-Fi rises. Major players in the wi-fi 6 market are Cisco Systems, Intel Corporation, Huawei Technologies, NETGEAR, Juniper Networks, Broadcom Inc., Qualcomm Inc.,, Extreme Networks, Ubiquiti Inc., Fortinet Inc., Aruba Networks, NXP Semiconductors, AT&T, Cambium Networks, D-Link Corporation, Alcatel-Lucent, TP-Link, MediaTek, Telstra, and Murata. Technological advancements are a key trend gaining popularity in the Wi-Fi 6 market. Major companies operating in the Wi-Fi 6 market are focused on developing new technological solutions flexible across other elements driving the expansion of technology like traffic prioritization, OFDMA, and beamforming. Additionally, more secure, the new protocol makes use of SAE and other cutting-edge encryption techniques. The more recent 6 GHz frequency band is available to Wi-Fi 6-capable devices, allowing for better connectivity. For instance, in December 2021, Huawei a China-based multinational technology corporation and manufacturer of telecommunications equipment company launched AirEngine 6760–X1 & 6760–X1E, which provide high-quality signal coverage with no blind spots by efficiently increasing signal strength and enabling signals to follow people. Alternately, the AirEngine 6760-X1E can be coupled with several external antennae to adapt to challenging settings, including high-rise constructions and limited hallways. In May 2020, Intel Corporation, a US-based developer of microprocessors and semiconductor manufacturing company, acquired Rivet Networks for an undisclosed amount. Through this acquisition, the Killer AX1650 Wi-Fi solution, created by Intel and Rivet Networks in collaboration, offers compelling Wi-Fi 6 technology coupled with immersive entertainment and gaming experiences. The features of Rivet Networks' solutions, particularly its software, complement those of Intel's wireless offerings. Rivet Networks LLC is a US-based company, with hardware, software, and cloud-based technology to deliver solutions. North America was the largest region in the Wi-Fi 6 market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the Wi-Fi 6 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Wi-Fi 6 market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The Wi-Fi 6 market consists of revenues earned by entities by providing hardware for Wi-Fi 6, including wireless access points, home gateways, and mesh routers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The Wi-Fi 6 market research report is one of a series of new reports from The Business Research Company that provides Wi-Fi 6 market statistics, including Wi-Fi 6 industry global market size, regional shares, competitors with a Wi-Fi 6 market share, detailed Wi-Fi 6 market segments, market trends and opportunities, and any further data you may need to thrive in the Wi-Fi 6 industry. This Wi-Fi 6 market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The digital twin financial services and insurance refers to a technology used for assisting customers with loan management, mitigating risks, policy buying and management, and more. Digital twins are digital replicas of physical products. The data is stored and visualized on a digital platform for better optimization of businesses. The digital twin framework in the insurance and financial services sectors is providing customers with more optimized solutions. The main types of digital twin in financial services and insurance are system digital twin, process digital twin, and product digital twin. The system digital twin is used for digitalizing systems in the financial services and insurance sectors. System twins are the digitalization of whole business systems to study how they work in the financial services and insurance sectors. The different technologies include IoT and IIoT, artificial intelligence and machine learning, 5G, big data analytics, blockchain, augmented reality, virtual reality, and mixed reality that are deployed in the cloud and on-premises. It is used in several applications, such as bank account fund checking, digital fund transfer checks, policy generation, and others. The global digital twin financial services and insurance market is segmented - 1) By Type: System Digital Twin, Process Digital Twin 2) By Technology: IOT And IIOT, Artificial Intelligence And Machine Learning, 5G, Big Data Analytics, Blockchain And Augmented Reality, Virtual Reality, Mixed Reality 3) By Deployment: Cloud, On-Premises 4) By Application: Bank Account Funds Checking, Digital Fund Transfer Checks, Policy Generation, Other Applications The global digital twin financial services and insurance market size will grow from $3.6 billion in 2022 to $4.31 billion in 2023 at a compound annual growth rate (CAGR) of 19.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the digital twin financial services and insurance is expected to grow to $8.28 billion in 2027 at a CAGR of 17.7%. The rising urbanization around the world is expected to propel the growth of the digital twin financial services and insurance market going forward. Urbanization refers to the increasing population densities in urban areas compared to rural areas. Due to urbanization and increased net income, people can afford to pay for digital services instead of physically visiting the banks. For instance, according to the United Nations Department of Economic and Social Affairs, a US-based government agency, 68% of the global population is expected to live in urban areas by 2050. Therefore, the rising urbanization and increasing disposable income is driving the digital twin financial services and insurance market growth. Major players in the digital twin financial services and insurance market are IBM Corporation, Atos SE, Swim Inc., General Electric, Microsoft Corporation, SAP SE, ABB Group, Kellton Tech, AVEVA Group plc., PTC, ANSYS Inc., DXC Technology Company, Bosch.IO GmbH, Siemens AG, and Oracle Corporation. The increasing adoption of cloud technologies is a key trend gaining popularity in the digital twin financial services and insurance market. Cloud technologies are hosted in the cloud and are accessed via a web browser using the internet. The use of cloud technologies in digital insurance and financial services is expected to promote the adoption of digital twin financial services and insurance as it offers greater security, and quicker processing times with reduced prices. For instance, in 2022, according to hybrid cloud adoption study conducted by Hornetsecurity, surveyed 900 IT professionals primarily based in North America and Europe, found that 93% of businesses were adopting a hybrid of cloud and on-premise solutions or migrating fully to the cloud within 5 years. In December 2021, Siemens Smart Infrastructure, a Switzerland-based provider of smart solutions acquired EcoDomus’s digital twin software platform for an undisclosed amount. The acquisition would help Siemens smart infrastructure to expand its digital building offerings with cloud-based building operations twin software. EcoDomus is a US-based digital twin software solutions company. North America was the largest region in the digital twin financial services and insurance market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital twin financial services and insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the digital twin financial services and insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The digital twin financial services and insurance market consists of revenues earned by entities by providing digital twin financial services and insurance that are used to assist insurers in defining new policies or packages, mitigating risks, and lowering administration costs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital twin financial services and insurance market research report is one of a series of new reports from The Business Research Company that provides digital twin financial services and insurance market statistics, including digital twin financial services and insurance industry global market size, regional shares, competitors with digital twin financial services and insurance market share, detailed digital twin financial services and insurance market segments, market trends and opportunities, and any further data you may need to thrive in the digital twin financial services and insurance industry. This digital twin financial services and insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.