5G Industrial IOT Market worth $15.7 billion by 2026 - Exclusive Report by MarketsandMarkets 5G Industrial IOT Market by Component (Hardware, Solutions, and Services), Organization Size, Application (Predictive Maintenance, Business Process Optimization), End User (Process Industries and Discrete Industries) and Region - Global Forecast to 2026 , published by MarketsandMarkets, the market size is projected to grow from USD 0.5 billion in 2020 to USD 15.7 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 79.1% during the forecast period.
The major factors driving the growth of the 5G Industrial IOT Market include growth in data traffic due to increasing number of IoT devices across manufacturing industries, increasing demand for high reliability and low latency networks in manufacturing industries, growth in number of M2M connections across manufacturing industries, and rising need of preventive maintenance for critical equipment.
CHICAGO, Feb. 10, 2021 /PRNewswire/ According to a new market research report "5G Security Market by Component (Solutions (Next-Generation Firewall, Antivirus, DDOS Protection, DLP, Security
/PRNewswire/ According to a new market research report "5G Security Market by Component (Solutions (Next-Generation Firewall, Antivirus, DDOS Protection,.
Retail Point of Sale Market worth $34.4 billion by 2026 - Exclusive Report by MarketsandMarkets Retail Point of Sale Market by Product (Fixed POS, Mobile POS), Component (Hardware, Software, and Services (eployment & Integration, Support & Maintenance)), End User (Grocery Stores, Specialty Stores, Gas Stations), and Region - Global Forecast to 2026 , published by MarketsandMarkets, the market size to grow from USD 15.8 billion in 2020 to USD 34.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period.
Growing interest in non-cash transactions among consumers, increased data visibility through cloud POS systems and enhanced service delivery are major growth factors for the market. Rising penetration of eCommerce platforms, growing interest in POS solutions among small businesses, and strong growth in global retail industry would provide lucrative opportunities for vendors in the Retail POS market.
Increasing use of data by companies to know more about their core business processes driving the adoption of managed services segment of MNS platforms during the forecast period
Third-party vendors offer managed services, and they monitor and maintain software operations. Managed services are important as they are specifically related to client experience. Enterprises cannot bargain on the variable, as it helps them in maintaining their market position. A technological domain requires well-delivered managed services. The services being offered must fit perfectly into the client s environment. Technical expertise, service consistency, and flexibility must be provided by the vendors regardless of the client s location.