The global market for Internet of Things (IoT) technologies in manufacturing was $62.1 billion at the end of 2021. Going forward, sales will grow at about 13.9% per year and exceed $200 billion by 2030
The IoT market in manufacturing will grow at 13.9% per year
Facebook began laying an underwater cable between Europe and North America
Facebook, in cooperation with several other technology companies, will lay a fiber-optic cable under the Atlantic Ocean, which will significantly increase the speed of Internet connections. It is reported by CBC News.
Mobile app and game downloads hit a new record
In 2021 users around the world spent a total of $ 170 billion for mobile applications, an increase of 19% over the previous year.
MediaTek was the first to demonstrate Wi-Fi 7 technology in operation
MediaTek hosted the world’s first Wi-Fi 7 technology demonstration to show key customers and industry peers the capabilities of its future Wi-Fi 7-enabled Filogic family of solutions.
China sets record for 6G data transfer speeds
China has tested a promising network designed to transmit data through the air, the South China Morning Post reports.
Video content streaming growth has slowed globally
Worldwide consumer use of video streaming services slowed to 1% in the fourth quarter of 2022. On an annualized basis, streaming globally grew by 7%, according to a report by analytics company Conviva.
By 2026, the number of Wi-Fi IoT connections will grow to 6.7 billion
The global Wi-Fi IoT market will grow steadily in the coming years. If in 2021 the number of connections was estimated by analysts at about 2.3 billion, by 2026 it will reach 6.7 billion.
The EU will pass a law to control the Internet
The European Union is preparing to adopt a first-of-its-kind law on digital services, a draft of which has been discussed by the European Parliament.
ZTE overtakes Huawei in the server, telecom equipment and smartphone markets
ZTE has squeezed out Huawei, which was a leader in the server, core backbone network and storage solutions markets. In its annual report, ZTE reported a growing share of these segments.
Toshiba to split into two companies
Toshiba has revised its restructuring plans and decided to split into two companies instead of three: Infrastructure Service Co. and Device Co.