Growth Opportunities Identified in M2M, 5G, and Digital Factory Markets
Oyster Bay, New York - 07 Feb 2019
ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies, announced significant findings in the M2M, IoT & IoE, 5G and Mobile Network Infrastructure and Industrial Solution markets.
The Latin America cellular machine-to-machine (M2M) market will grow to 71.3 million connections by 2023, but few Mobile Network Operators (MNOs) have implemented successful monetization strategies. “While there is a US$1.1 billion opportunity on the horizon for total IoT solution revenues, Latin American operators still lack a clear strategy of where they want to fit in the overall value chain,” said Ryan Harbison, Research Analyst at ABI Research. Read more.
The United States, China, South Korea, and Japan are leading the 5G race, but the United States will win the race in the short term. “The United States has a stronghold because its carriers have an enhanced fiscal position; they will spend approximately US$40 billion on network infrastructure alone during 2019,” said Emanuel Kolta, Research Analyst at ABI Research. Read more.
The digital factory market will grow at a compound annual growth rate of 33%, led by the automotive industry. “The automotive industry has demonstrated a willingness to scale transformative technologies ranging from generative design and additive manufacturing to Industrial Internet of Things (IIoT) connectivity and robotics, more than any other industry, but other industries will start to catch up over the next decade,” said Pierce Owen, Principal Analyst at ABI Research. Read more.
About ABI Research
ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI’s own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture. For more information about ABI Research’s forecasting, consulting and teardown services, visionaries can contact us at www.abiresearch.com.
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