Blockchain Press Releases
5G From Space Market worth $3,693 million by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 21, 2023 /PRNewswire/ — The 5G from the space market is valued at USD 300 million in 2023 and is projected to reach USD 3,693 million by 2028, at a CAGR of 65.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. The 5G from space market report includes hardware and services, including Satellite, User Terminal, and end-user service. The emergence of “5G from space” represents a transformative integration of satellite communication and non-terrestrial networks to provide enhanced connectivity and enable a wide array of applications across various sectors. By leveraging advanced satellite systems, such as low Earth orbit (LEO), 5G from space aims to extend the capabilities of terrestrial 5G networks to even the most remote and challenging environments.
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Browse in-depth TOC on “5G From Space Market”
180 – Tables
50 – Figures
250 – Pages
5G From Space Market Report Scope:
|
Report Coverage  |
Details |
|
Market Revenue in 2023 |
$300 million |
|
Estimated Value by 2028 |
$3,693 million |
|
Growth Rate |
Poised to grow at a CAGR of 65.1% |
|
Market Size Available for |
2019–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Components, Application, Vertical and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
The latency of 5G signals from space is higher than the latency of terrestrial 5G signals |
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Key Market Opportunities |
Growing adoption of the Internet of Things (IoT) |
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Key Market Drivers |
Development of new applications and services |
This integration enables the provision of high-speed, low-latency connectivity to support critical communications and applications in sectors such as telecommunication and cellular backhaul, media and entertainment, business and enterprise, retail and consumers, aviation, marine vessels, transportation, and logistics, as well as scientific research and development.
With the ability to establish reliable connections in areas where terrestrial infrastructure deployment is impractical or economically unviable, 5G from space holds great potential for bridging the digital divide and ensuring seamless communication in even the most demanding scenarios. Additionally, the integration of 5G from space with terrestrial networks enhances the overall resiliency and redundancy of communication systems, as satellite links can serve as a backup option during network outages or disasters, facilitating the swift restoration of connectivity and enabling critical decision-making processes in communication, command, and control centers.
Based on Components, the Service segment is estimated to account for the fastest growth of the 5G from space market from 2023 to 2028.
Based on Components, the Service segment is estimated to lead the 5G from the space market from 2023 to 2028 and is projected to grow further. As the demand for seamless and reliable connectivity increases across industries and sectors, the service segment plays a crucial role in providing comprehensive solutions and support to meet the evolving needs of customers.
Drivers of the service segment’s growth is the deployment of advanced satellite-based communication services. With 5G from space, satellite operators and service providers can offer high-speed, low-latency connectivity to areas where terrestrial infrastructure is limited or unavailable. This opens up new opportunities for businesses and individuals in remote or underserved regions to access the benefits of 5G technology.
The service segment encompasses network management and system integration services. As organizations integrate 5G from space technologies into their existing infrastructure, they require expert guidance and support to ensure a smooth and seamless transition. Service providers offer expertise in network planning, optimization, and integration, enabling businesses to leverage the full potential of 5G from space solutions.
Based on verticals, the commercial segment is estimated to account for the fastest growth of the 5G from the space market from 2023 to 2028.
Based on verticals, The commercial segment within the 5G from space industry is experiencing notable growth, driven by the increasing demand for enhanced connectivity and advanced communication solutions across various industries from 2023 to 2028. growth of the commercial segment is the expansion of telecommunication. 5G from space technology enables telecom operators to extend their coverage and provide high-speed connectivity to remote and underserved areas. This has the potential to bridge the digital divide and unlock new economic opportunities in previously unconnected regions.
The transportation and logistics industry are embracing 5G from space to optimize operations, improve supply chain visibility, and enable smart logistics solutions. Connected vehicles, autonomous transportation systems, and real-time tracking capabilities are transforming the way goods are transported and managed.
As the demand for advanced connectivity and seamless communication continues to grow across the commercial sector, the commercial segment within the 5G from space market is expected to witness robust growth. It presents significant opportunities for businesses to innovate, improve operational efficiency, and deliver exceptional experiences to customers in a rapidly evolving digital landscape.
Based on Application, Massive Machine-Type Communications (mMTC) segment is estimated to account for the fastest growth of the 5G from space market from 2023 to 2028.
Based on Application, the 5G from the space market has been segmented into the Massive Machine Type Communications (MMTC) segment. The 5G from space market is experiencing notable growth due to the increasing demand for connectivity and communication solutions for the Internet of Things (IoT) devices on a massive scale.
The key driver behind the growth of the MMTC segment is the proliferation of smart city initiatives. With the increasing urbanization and the need for sustainable development, cities are adopting smart solutions that rely on IoT devices and sensors. These devices require reliable, low-power, and wide-area connectivity, which 5G from space can provide. By leveraging 5G from space technology, smart cities can optimize resource management, enhance public safety, and improve the overall quality of life for their citizens.
As the number of IoT devices continues to grow exponentially, the MMTC segment within the 5G from space market presents substantial growth opportunities. It empowers various industries to leverage the benefits of IoT and enables seamless communication and connectivity at a massive scale. The deployment of 5G from space technology in the MMTC segment is driving innovation, efficiency, and improved decision-making capabilities across sectors, contributing to the growth of the overall market.
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The North American market is projected to contribute the largest share from 2023 to 2028 in the 5G from space market.
Based on region, North America is expected to lead the 5G from the space market from 2023 to 2028. The North American segment is the region’s advanced technological landscape. The United States, in particular, is at the forefront of 5G technology development and deployment. With a strong focus on innovation and research, North America has witnessed significant investments in 5G infrastructure and satellite communication systems, which form the foundation of 5G from space technology. This advanced technological ecosystem enables the region to harness the benefits of 5G from space, facilitating seamless and reliable connectivity for businesses and consumers.
The North American segment benefits from the region’s substantial market for IoT applications and services. The proliferation of connected devices, smart homes, and industrial IoT solutions drives the demand for enhanced connectivity. 5G from space technology provides the necessary infrastructure to support these applications.
The 5G from space companies is dominated by a few globally established players such as Oneweb (UK), Omnispace (US), Qualcomm (US), Ericsson (Sweden), and Rohde & Schwarz (Germany), among others.
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Blockchain
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
io.finnet, a leader in digital asset infrastructure, has partnered with Cede Labs, to introduce a solution for centralized exchange (CEX) connectivity. This collaboration provides institutional clients with a streamlined, secure platform for comprehensive multi-exchange portfolio management. Through this integration, io.finnet clients can now access leading exchanges such as Binance, Coinbase, Bybit, OKX, Kraken and more with features tailored for institutional-grade governance and operational efficiency.
Institutional digital asset management faces increasing complexity as businesses demand more secure and efficient tools to oversee diverse portfolios. With 70% of institutional investors expecting a surge in digital asset-focused funds, the need for secure and efficient multi-exchange solutions has never been greater.
“Businesses require solutions that simplify the complexity of managing assets across exchanges while maintaining the highest standards of security.” said Jacob Plaster, CTO of io.finnet. “Through our partnership with Cede Labs, clients can seamlessly connect their exchange accounts and manage their entire portfolio within a unified, secure environment.”
Unlike traditional offerings, io.finnet’s integration with Cede Labs introduces secure account-linking capabilities, allowing clients to effortlessly connect and unlink their exchange accounts while adhering to strict governance protocols. Unified tracking capabilities further enhance this solution, enabling users to monitor their portfolios across all connected exchanges in real-time. This includes the ability to oversee spot and trading wallets, derivatives positions, and sub-accounts under a single pane of glass, a feature few competitors offer at this scale.
Pierre Ni, CEO of Cede Labs, highlighted the impact on institutional workflows: “We are proud to collaborate with io.finnet to redefine digital asset custody and management. By unlocking new use cases for corporates, market makers, liquid funds, foundations, and fintechs through CEX connectivity, we believe io.finnet can grow to become one of the top self-custody players.”
This partnership is particularly timely as market demand for interoperable solutions continues to rise. The integration will eliminate the need to navigate multiple platforms and provide institutions with real-time visibility across their digital asset holdings, enabling seamless exchange connectivity and enhanced risk management.
io.finnet is committed to enhancing its exchange connectivity capabilities with deposits, withdrawals, trades, and sub-account transfers to further streamline asset management workflows. Stay tuned for exciting updates as we expand the possibilities of our Exchange Connectivity feature.
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Blockchain Press Releases
Bybit Web3 Launches FarmX, Revolutionizing Telegram Gaming with Decentralized Farming in SpaceS
DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of FarmX, a groundbreaking decentralized farming platform integrated into its popular Telegram game bot, SpaceS. FarmX empowers both new and experienced crypto users to earn rewards by completing simple farming tasks and participating in various campaigns, introducing a new dimension of play-to-earn excitement to the SpaceS ecosystem.
Bybit SpaceS, with its engaging space-themed gameplay and vibrant community of over 3 million players, has become a beloved platform for Web3 enthusiasts. Beyond its gameplay, SpaceS introduces a social element, allowing players to invite friends and form fleets to play together. The introduction of FarmX further solidifies Bybit’s position as a leader in innovative and rewarding gaming experiences.
Key Features of FarmX:
- Farm-to-Earn: Connect your wallet, hold SpaceS Points or TON, and start farming with a few simple clicks.
- Early Bird Advantage: FarmX rewards are distributed based on how much you farm and how early you start. The more SpaceS Points or $TON you hold and the earlier you participate, the greater your share of the prize pool.
- Exclusive Loyalty Rewards: Earn exclusive token rewards by farming SpaceS Points or depositing TON.
- Community-Driven: Leverage the thriving SpaceS community and participate in exciting campaigns with massive prize pools.
- TON Ecosystem Integration: FarmX integrates TON farming, marking Bybit Web3’s entry into the vibrant TON ecosystem. By holding $TON, players can double their rewards, unlocking even more earning potential.
MK Chin, Bybit’s Web3 Evangelist, commented: “FarmX represents a significant milestone for SpaceS and Bybit Web3. By seamlessly integrating decentralized farming into a beloved game, we are democratizing access to DeFi and providing our community with exciting new opportunities to earn rewards. We are thrilled to see how players embrace FarmX and shape the future of play-to-earn experiences.”
The FarmX campaign offers an additional 40,000 USDT prize pool from January 16th to 24th. Subsequent campaigns will feature even more enticing rewards and collaborations with top projects in the Web3 space.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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Blockchain Press Releases
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025
SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.
Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/
2024: A Year of Explosive Growth Across Multiple Fronts
In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.
- Key Metrics Show Accelerated Growth Through Innovative Events
HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.
These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.
Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.
- Spotlight on Emerging Trends and Early Opportunities
Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.
SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success. Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.
- Commitment to Security and Regulatory Compliance
HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.
To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.
- Towards Long-Term Development Through Ecosystem Cooperation
HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more. Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.
- Promotion of Brand Image to Facilitate Global Reach
Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.
2025: Seizing Opportunities in a New Crypto Era
HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:
1. Expand premium listings.
2. Enhance product offerings and user experience through innovation.
3. Strengthen security measures and global operations models.
4. Support decentralized governance and foster global crypto prosperity.
5. Cement HTX’s influence, particularly in high-potential regions like the CIS.
2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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