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) |
|
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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As headlines spotlight spot Bitcoin (BTC) exchange-traded fund (ETF) flows and institutions revealing their exposure to BTC ETFs, financial service infrastructure providers are quietly integrating blockchain technology into their systems.
According to a recent report from the Depository Trust & Clearing Corporation (DTCC), the firm conducted a pilot program named Smart NAV in collaboration with Chainlink (LINK). This initiative aimed to extend the capabilities of DTCC’s Mutual Fund Profile Service I (MFPS I), the industry standard for transmitting ‘Price and Rate’ data, also known as ‘NAV data.’
DTCC’s Mutual Fund Services business currently operates MFPS I, offering fund companies an automated solution to deliver prices and daily distribution rates to numerous clients for tens of thousands of mutual fund securities. Traditionally, DTCC collects price and rate data from funds/service providers and distributors, then aggregates and disseminates it at regular intervals through its message queue (MQ) and file-based methods.
The Smart NAV Pilot served as a digital extension of the existing MFPS I service, aiming to broaden and complement its current capabilities. DTCC recognized the growing interest in mutual fund tokenization and saw an opportunity for on-chain price and rate data to facilitate new initiatives. Taking a ‘chain-agnostic’ approach, meaning the ability to disseminate NAV data across virtually any blockchain, was crucial for enabling other use cases to build upon Smart NAV’s foundations.
Ten market participants, including major names like American Century Investments, BNY Mellon, and JP Morgan, collaborated with DTCC and Chainlink on the pilot. They evaluated the feasibility and industry value of implementing a distributed ledger technology (DLT)-based price and rate dissemination solution to unlock new benefits and support experimentation in the asset management space.
The pilot results demonstrated that delivering structured data on-chain and establishing standard roles and processes enabled foundational data to be integrated into various on-chain use cases, such as tokenized funds and bulk consumer smart contracts. This capability can fuel future industry exploration and empower numerous downstream use cases, including brokerage portfolio applications.
The simplest application of Smart NAV is to provide trusted, verifiable data on virtually any blockchain network to support its use in business workflows. During the pilot, DTCC acted as both the provider and governor of the on-chain data solution, while Chainlink’s CCIP served as the interoperability layer. The core capability explored is adaptable across a wide range of use cases, potentially enhancing operational efficiency and streamlining processes.
Based on the positive findings, DTCC sees an opportunity to expand the scope of the pilot to explore broader use cases beyond price and rate data dissemination and across more blockchains.
Source: kitco.com
The post DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data appeared first on HIPTHER Alerts.
Blockchain
Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In
Presidential candidate Donald Trump recently made a surprising endorsement of crypto, suggesting that he would ease hostility towards cryptocurrencies in the US if re-elected.
Trump stated, “If we’re going to embrace it, we have to let them be,” and urged crypto supporters to vote for him. This marks a significant shift from his previous criticisms of Bitcoin and other cryptocurrencies in 2019, where he labeled them as “not money” due to their volatility and lack of intrinsic value, expressing concerns about their potential use in illegal activities like drug trafficking.
Crypto’s Impact on Voter Preferences
With approximately 20% of American adults reportedly holding crypto, candidates are taking notice. Markus Levin of XYO Network sees embracing crypto and implementing solid regulation as a strategic move in elections and sound policy overall. He believes Trump’s apparent positive stance towards the industry will sway some voters in his favor.
Jonathan Thomas of Blueberry suggests that Trump’s crypto-friendly rhetoric may attract voters who prioritize crypto as a single-issue matter.
Skepticism Surrounding Trump’s Crypto Support
However, not everyone is convinced by Trump’s newfound endorsement of crypto. NFT enthusiast Thorne Melcher views it as “flimsy” and warns against the potential for conservative politics to restrict crypto due to its use in areas such as trans hormone replacement therapy and abortions.
While some may see Trump’s support for crypto as a reason to vote for him, others like Stephanie Vaughan of Veda caution against assuming substantial benefits from this endorsement alone. Vaughan highlights the Biden Administration’s hardline stance on crypto regulation by enforcement, which she believes is unworkable and could push voters towards Trump.
Trump’s Strategy to Attract Crypto Voters
Trump’s pivot from crypto skeptic to NFT enthusiast reflects a strategic move to appeal to voters interested in crypto. Vaughan suggests that many crypto-focused voters may have supported Biden in the last election, but Trump is actively courting them by recognizing the industry’s significance.
By acknowledging crypto’s growing influence on voters, Trump aims to draw support away from Biden, positioning himself as the candidate more aligned with the interests of the crypto community.
Source: cryptonews.com
The post Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In appeared first on HIPTHER Alerts.
droppGroup, a trailblazer in amalgamating blockchain and artificial intelligence, has unveiled droppLink, an innovative service platform poised to potentially revolutionize AI management and development across various blockchains. The architecture of droppLink empowers users with control over data contributions, abstracts computational requirements, and streamlines micropayments.
Stakeholders, dubbed Computational Resource Patrons (CRPs), contribute to the infrastructure costs and share profits from the facilitated AI operations.
As a web3 development firm, droppGroup specializes in deploying patented innovations in AI, machine learning (ML), object recognition, streaming, crypto, augmented reality (AR), virtual reality (VR), and mixed reality (MR). droppGroup is now advancing multi-modal AI systems with droppLink.
Gurps Rai, co-founder and CEO of droppGroup, explains that droppLink tokenizes each stage in an AI model’s lifecycle across multiple blockchains, such as Solana, Polygon, Ethereum, Base, and Hyperledger Fabric 2.5, ensuring unparalleled data integrity and expediting AI development.
Rai added, “This process upholds data ownership rights while establishing a transparent, immutable usage record via our Proof of Gen and Data Genesis protocols.”
Christopher J. Kelly, co-founder and president of droppGroup, underscores the company’s commitment to pushing the boundaries of multi-modal AI systems at the convergence of physical and digital realms, introducing cutting-edge solutions to the market.
Scheduled to speak on the monitoring and evaluation panel at the AWS Summit on May 22, Kelly will address topics like data integrity in AI and its alignment with the company’s mission.
With the AI market projected to reach $297 billion by 2027, ethical considerations such as data provenance, intellectual property protection, and fair compensation are paramount.
Accessible through droppPhygital, droppLink leverages multi-chain integration and robust tokenization to bolster data integrity. By melding blockchain technology with artificial intelligence, droppLink establishes an ethical management layer, aiming to reshape the AI landscape by fostering trust, transparency, and innovation.
Source: cryptotimes.io
The post droppGroup Unveils Platform with AI-Blockchain Integration appeared first on HIPTHER Alerts.
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