Technology Market report: May 2023

Tuesday 30 May 2023

Gaming Market Worth $504.29 Billion By 2030 | CAGR: 10.2%

The global Gaming Market size is anticipated to reach USD 504.29 billion by 2030, exhibiting a CAGR of 10.2% during the forecast period, according to a new report published by Grand View Research, Inc. growth prospects can be credited to the increasing popularity of mobile gaming, esports and online streaming of games. Multiplayer gaming has enhanced the gaming experience as it allows players to interact with each other and has fueled the growth of the gaming industry.

COVID-19 boosted the gaming adoption owing to lockdown. The gaming offered an appealing distraction for people at home eyeing social interaction. The companies experienced massive growth in gaming time and sales in lockdown. For instance, in 2020, Tencent Holdings Ltd. witnessed 31% growth in its online gaming segment compared to 2019. Animal Crossing: New Horizons managed to sell 1.88 million copies on its opening three days in Japan; despite the COVID-19 pandemic, the company sold 392 000 consoles in Japan.

The increasing demand for consoles has encouraged marketers to provide technologically advanced and affordable consoles in the market. For instance, in November 2020, Sony Interactive Entertainment LLC launched PlayStation 5; the features include 4K/120 gameplay, 8K/60 support, AMD Zen 2 CPU, PS plus collection, revolutionary controller haptics, fast new UI, and super-fast SSD for faster load times. Sony Interactive Entertainment LLC had sold 17.3 million units of PlayStation 5 by the end of December 2021.

The technological developments in virtual reality (VR) and augmented reality (AR) have offered various opportunities to enhance the gaming experience. The increasing demand for free-to-play and multiplayer gaming is attracting youth towards gaming. Institutes and universities have started providing professional courses so that students can consider gaming as a professional career. For instance, the University of Hertfordshire offers MA in Games Art and Design, and the course can be studied on-campus or online.

The Asia Pacific is expected to emerge as a significant region due to considerable gaming countries such as China, Japan, South Korea, and India. The gaming industry in these countries is rising due to increasing smartphone penetration, esports events, mobile gaming, and an increase in the digital ecosystem. The market in the Asia Pacific region is expected to increase with an approximately 12.0% CAGR from 2022 to 2030 in the forecasted period.

Related Press Release@ Gaming Market Report

Gaming Market Report Highlights

In terms of devices, the console segment is expected to witness a growth of around 9.0 % CAGR in the forecasted period. The driving factors such as technological developments and high-end displays providing rich experience are expected to fuel the market growth.
The Asia Pacific region is anticipated to experience the highest CAGR growth of nearly 11.0%, owing to the increasing number of esports events and smartphone penetration in the Asia Pacific region.
In terms of type, the online gaming segment is projected to witness a growth of around 13.0% CAGR. The increasing demand for multiplayer and free-to-play gaming is expected to fuel the market growth.

List of Key Players in the Gaming Market

· Nintendo

· Microsoft Corporation

· NVIDIA Corporation

· Rovio Entertainment Corporation

· PlayJam Ltd.

· Valve Corporation.

· Sony Group Corporation

· Bluestack Systems, Inc.

Gaming Market Segmentation

Grand View Research has segmented the global gaming market based on device, type, and region:

Gaming Device Outlook (Revenue, USD Billion, 2018 - 2030)

Console
Mobile
Computer

Gaming Type Outlook (Revenue, USD Billion, 2018 - 2030)

Online
Offline

Gaming Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.
Canada

Europe

U.K.
Germany

Asia Pacific

China
Japan
South Korea

Latin America

Brazil

Middle East & Africa (MEA)

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Thursday 18 May 2023

Software Defined Radio Market Worth $47.74 Billion By 2030

The global Software Defined Radio Market size is anticipated to reach USD 47.74 billion by 2030, registering an estimated CAGR of 8.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Software defined radio (SDR) is a technology that aids in the transmission and reception of high-frequency signals over long distances. It offers benefits while resolving spectrum and wireless communication restrictions. Furthermore, the technology has progressed to the point that software defined radio systems with large bandwidth applications that provide high-quality services are now possible. Countries with a significant modern military presence like the U.S., Japan, Germany, South Korea, and Australia are upgrading their communication systems by integrating software defined radio as the new norm.

In the near future, the market is expected to be used as a reliable and day-to-day technology for delivering telecommunication services such as video streaming channels, digital TV, and radio broadcasts. Software defined radio is available in two forms: modulation with a wide frequency range and waveform with an agile frequency range. As software defined radio does not involve any hardware upgrades, the former is more commonly utilized. This technique is also applied in modern wireless mobile systems. A carrier frequency within the set range is required for frequency selection, which is usually accomplished using a local oscillator. Furthermore, software defined radio is rapidly being used for 5G mobile network trials in the 3.5 GHz and 25 GHz spectrum bands, which is expected to generate attractive prospects for industry competitors.

Software defined radio applications are in demand by the growing requirement for efficient transmission devices. The reconfigurability and interoperability of software defined radio (SDR) for various applications are driving its commercial expansion. The data center market in Europe is expected to grow at a high rate, owing to the growing requirement for data centers to address data flow challenges. Due to an expansion in LTE/4G and wireless services offered by telecom firms, the market is booming. Extensive research and development spending in nations like Australia, Russia, and the United States is more likely to result in efficient services from important companies over the forecast period.

Related Press Release@ Software Defined Radio Market Report

Software Defined Radio Market Report Highlights

Over the forecast period, the software segment is expected to have the greatest CAGR of 8.5%. This is due to the growing use of SDR in software radio access networks (RANs), which are comprised of a single hardware platform that supports a variety of wireless communication standards and protocols
Due to the increasing application of software defined radio in aerospace and satellite communications, the UHF band frequency category is predicted to grow at a CAGR of 9.2% throughout the projection period
Due to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks, commercial is expected to be the fastest-growing end-use segment (WBAN) with a CAGR of 9.4%
The use of SDRs by government agencies for the building of communication networks such as the Chinese government's Government Radio Network (GRN) in Beijing is expected to drive significant growth in the Asia Pacific market

List of Key Players in the Software Defined Radio Market

Collins Aerospace Systems
Harris Corporation
Elbit Systems Ltd.
L3 Technologies, Inc.
BAE Systems
Huawei Technologies Co., Ltd.
Datasoft Corporation
Raytheon CompanyNorthrop Grumman Corporation.

Related Report
Software Defined Networking Market

Software Defined Storage (SDS) Market

Software Defined Radio Market Segmentation

Grand View Research has segmented the global software defined radio market on the basis of type, component, frequency band, platform, end-use, and region:

Software Defined Radio Type Outlook (Revenue, USD Million, 2018 - 2030)

General Purpose Radio
Joint Tactical Radio System
Cognitive Radio
TETRA

Software Defined Radio Component Outlook (Revenue, USD Million, 2018 - 2030)

Hardware

Antenna
Transmitter
Receiver
Others

Software
Service

Software Defined Radio Platform Outlook (Revenue, USD Million, 2018 - 2030)

Ground
Naval
Airborne
Space

Software Defined Radio Frequency Band Outlook (Revenue, USD Million, 2018 - 2030)

HF Band
VHF Band
UHF Band
Others

Software Defined Radio End-use Outlook (Revenue, USD Million, 2018 - 2030)

Aerospace & Defense

Space
Military

Telecommunication
Public Safety
Commercial
Others

Software Defined Radio Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada

Europe

U.K.
Germany

Asia Pacific

India
China
Japan
Australia

Latin America

Brazil
Mexico

Middle East & Africa

Monday 15 May 2023

Sports Technology Market Size Worth $55.14 Billion By 2030

The global Sports Technology Market size is expected to reach USD 55.14 billion by 2030, expanding at a CAGR of 20.8% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growing popularity of sports as a significant source of entertainment, coupled with the increasing need to engage the audience effectively, is driving the growth of the sports technology market. Professional sports organizations have been widely using new technologies such as wearable gadgets, sports data analytics, smart stadiums, and digital signage to engage spectators, create smart infrastructures, and improve team performances.

The considerable rise in the number of sports events across the globe has provided sports technology companies with ample opportunities to cater to the market by thoroughly understanding the components related to sports by monitoring athletes and events. Several innovative solutions are being employed to improve sports performance. For instance, in March 2023, Catapult announced to launch of the Vector T7, a new athlete monitoring solution. The new solution is 73% smaller than the preceding offering. It is powered by the company’s ClearSky Local Positioning System, which provides performance insights, helps mitigate injury risk, and makes live in-game decisions.

The prominent players operating in the sports technology market are also focusing on employing stadium technologies to manage the crowd and provide an enhanced fan experience. For instance, Nokia Corporation collaborated with Singtel Optus Pty Limited to provide extensive coverage to indoor zones such as VIP areas or corporate boxes using the 5G AirScale indoor Radio (ASiR) solution.

The global outbreak of the COVID-19 pandemic made a severe impact on the sports industry as competitions and matches were either postponed or canceled. However, sports technology gained significant momentum during this period as sports organizations and leagues employed several techniques to increase fan engagement. While athletes competed in empty arenas, technology provided fans a better viewing experience. The social media updates, live updates, new camera angles, and the use of VR headsets further improved the viewing experience for the fans, thereby positively influencing the sports technology market outlook.

Related Press Release@ Sports Technology Market

List of Key Players of Sports Technology Market

· Apple Inc.

· Catapult Group

· ChyronHego Corporation

· Cisco Systems, Inc.

· HCL Technologies Limited

· IBM Corporation

· Infosys Limited

· Modern Times Group MTG

· Oracle

· Panasonic Corporation

· SAP SE

· Sony Corporation

· Stats LLC

· Telefonaktiebolaget LM Ericsson

Sports Technology Market Report Highlights

· In terms of type, smart stadium is predicted to record a CAGR of over 20.0% between 2023 and 2030 owing to increased adoption of smart technology in the stadiums to provide enhanced fan experience, increased operational efficiency, and improved safety

· The wearables sub-segment will register a CAGR of nearly 14.0% over the forecast period with increasing adoption of monitoring tools to facilitate athletic training, recovery after an injury, and in-game performance

· In terms of sport, cricket is expected to record a notable growth rate by 2030. This can be credited to a considerable number of cricket fans worldwide. The ICC Men’s T20 World Cup 2022 recorded 6.58 Bn video views across all ICC platforms, a 65% rise as compared to that in 2021

· In terms of end-user, the sports leagues segment accounted for a revenue share of 45.8% in 2022 owing to increased adoption of technological solutions in sports events to reach accurate decisions and provide enhanced experience to fans

· Europe accounted for a sizeable revenue share of 30.1% in 2022 owing to rising popularity of eSports in the region followed by increased business investment in this domain

Related Reports:
Sports Nutrition Market

Sports Equipment Market

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com