Artificial Intelligence
5G in Healthcare Market Size to Worth Around USD 459.71 Bn by 2030
Los Angeles, Nov. 29, 2022 (GLOBE NEWSWIRE) — The term “5G” refers to the fifth generation of mobile communication technology. Each new generation of standards and technologies has brought about improvements in transmission speed and network capacity. 5G represents a huge improvement in cellular technology and healthcare by enabling the necessary levels of connection for a new health ecosystem that can accurately, efficiently, cost-effectively, conveniently, and on a significant scale answer the demands of patients and providers. 5G will act as the network’s backbone infrastructure in addition to far-off sensors, medical wearables, and billions of low-bitrates, low-energy connected health monitoring devices.
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The global 5G in healthcare market will reach at USD 63.95 billion in 2023. This market is growing as a result of COVID-19’s increased adoption of telemedicine and robotic surgery as well as the growing use of 5G-enabled wearable medical devices for real-time remote patient monitoring. Other important factors driving the growth of this market include advancements in communications, the availability of inexpensive sensors, and the ability of 5G technology to transfer large patient data files quickly. However, industry growth is expected to be hampered by the high cost of 5G network deployment.
Regional Snapshots
The market for 5G healthcare in North America would be worth more than 23.7 billion dollars by 2030. Numerous variables, such as the rising incidence of coronary artery diseases (CAD), the growing aging population, and the launch of novel products by significant market rivals, are having an impact on the area industry’s growth. As more people become aware of the benefits of implementing 5G technology into healthcare products and services, the adoption of the technology will quicken.
According to the CDC, there will be around xx million Americans with CAD in 2022. Due to significant lifestyle variables, the number is progressively increasing each year. Innovative and reliable remote patient monitoring technologies are necessary for better, continuous, and effective supervision of these patients, driving regional industry trends.
Key Takeaway:
- The Asia Pacific 5G in healthcare market is growing at a CAGR of 36.8% between 2022 to 2030.
- By component, the hardware segment has accounted highest revenue share of 71% in 2022.
- The services segment is poised to grow at a CAGR of 35.9% from 2022 to 2030.
- By application, the remote patient monitoring segment has accounted highest market share of 61% in 2022.
- The connected medical devices segment is poised to reach at a CAGR of 36.4% from 2022 to 2030.
- By end-user, the healthcare providers segment has hit market share of around 62% in 2022.
- The healthcare payer’s segment is growing at a CAGR of 35.4% from 2022 to 2030.
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Scope of the Report
| Report Attributes | Details |
| Market Size in 2022 | USD 48.25 Billion |
| Revenue Forecast by 2030 | USD 459.71 Billion |
| CAGR | 31.55% from 2022 to 2030 |
| North America Market Share | 36% in 2022 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2030 |
| Key Players | AT&T Inc., Verizon Communications, NEC Corporation, SK Telecom Co., Ltd., Fibocom Wireless Inc., Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., China Mobile Limited, Qualcomm, Ericsson, BT Group, Deutsche Telekom AG, Vodafone, China Mobile Limited, China Unicom, Samsung Electronics Co., Ltd., Saudi Telecom Company (STC), T-Mobile and Others. |
Market Dynamics for 5G in Healthcare Market:
Market Driver: Due to COVID-19, telemedicine and robotic surgery are becoming more popular
ICT has long been a powerful tool for enhancing patient care, as has the integration of ICT with medical knowledge. Robotic surgery and remote diagnosis are widely used around the world, and as ICT advances so quickly, more possibilities for these operations are becoming a reality. Telemedicine typically requires wired networks as these can handle real-time, high-quality video, which is a requirement for telemedicine. Many countries have shown a strong commitment to telemedicine and telehealth, and they are beginning to establish statewide telehealth coverage, precise reimbursement standards, and a regulatory framework for telehealth operations. As an illustration, the Centers for Medicare & Medicaid Services (CMS) announced and finalized changes to Medicare’s telehealth policy in April 2019. These modifications enable remote patient monitoring, enabling patients to take use of cutting-edge technology and better coordinate healthcare activities. Additionally, the pandemic fundamentally changed how healthcare was delivered. Hospitals and doctor’s offices became possible exposure hotspots as a result of individuals needing urgent care. As a result, telemedicine is currently the primary option for those in need of medical attention. The high standard of virtual care, in addition to the availability of 5G and its huge potential, will result in a significant change in the way healthcare is provided.
In the wake of the coronavirus epidemic, 5G Enhanced Mobile Broadband (eMBB) technology will deliver high-quality healthcare remotely while minimizing patient exposure to infection by minimizing in-person visits to doctors’ offices or healthcare facilities. Thanks to 5G technology, telepresence systems will allow medical professionals to view patients who are unable to easily travel to them. Robotic-assisted laser surgery is another industry that can benefit from such developments. With the aid of a machine, surgeons may now perform complex procedures with greater adaptability and accuracy while minimizing the degree of invasiveness. This is made feasible by 5G technology, which has facilitated the development of software and error-free information transfer. Many telecom behemoths are modernizing their healthcare systems with the help of this technology. For instance, in conjunction with the Italian Institute of Technology (IIT) and the IRCSS Hospital San Raffaele, Vodafone performed a remote surgery procedure for the first time in Italy in November 2019 using a live 5G network.
Market Restraint: High cost of 5G network rollout
Making the transition from 4G to 5G technologies will involve significant investments. The cost of the 5G infrastructure is significantly influenced by the price of the base station, the monthly interest rate, and the required throughput density. These costs need to be decreased for efficient and extremely dense deployments of small cells. CSPs must spend billions of dollars on new network hardware to upgrade their network to a virtualized infrastructure and transition their services from 3G and 4G to 5G. They must simultaneously protect their operations from growing disruption risks and cyber threats. Carriers must convert to a standalone model to fully utilize all that 5G has to offer.
Market Opportunity: Al’s function in 5G healthcare
With an Al-powered, real-time remote monitoring solution, caregivers can improve quality metrics, decrease hospitalizations, and passively detect changes in conditions. Modern gesture detection algorithms are used by Al and 5G-enabled devices to analyze users’ daily behaviors and provide insights and predictive analytics about them. These insights and analytics cover topics like sleep quality, fall risk, fall detection, drinking and hydration, activity patterns, wandering, and UTI risk. These data give medical personnel vital clinical insights that help them improve patient care while also keeping them constantly in touch with the patients they are responsible for looking after. Health monitoring can be accelerated and a fully “connected” hospital can be built using data analysis powered by artificial intelligence (AI) and medical equipment with IoT capabilities. Additionally, IoT can help boost efficiency in support roles like supply chain management and logistics.
Apps and wearables based on Al can evaluate health-related data for medical diagnostics and emergency care using 5G and machine learning. To discover potential diagnoses and choose the best treatment plan for a particular patient, artificial intelligence (AI) is beginning to be applied in many critical healthcare activities. Al can also help healthcare organizations identify patients who are more likely to develop postoperative issues so that early treatments can be started as needed. By utilizing 5G networks, healthcare organizations may implement the essential technology to provide the best care.
Market Challenge: concerns about security and data breaches
Because of the wider access offered, increased use of automated healthcare technologies improves accessibility and efficiency but poses serious security risks. Nearly one-third of data breaches in the healthcare industry result in medical identity theft. This is primarily due to inadequate staff training, outdated policies and procedures, a failure to follow them, and poor patient information control. 5G connects applications that depend on data moving quickly and in real-time. However, establishing connections between machines and gadgets is just as crucial as giving the smartphone faster speeds. But connecting these devices presents its own set of challenges.
616 healthcare data breaches were reported in the US by the HIPAA Journal in 2020, a 66% increase from all breaches analyzed in 2018. A HIPAA Journal article states that in 2020 and 2019, HIPAA-covered businesses and business partners paid about USD 13.6 million and USD 15.3 million, respectively, for HIPAA infractions. As a result, developing a secure communication platform is a significant problem for IT providers serving the healthcare sector. Users’ sense of security may increase due to potential security issues with healthcare IT systems, which would limit their use until safe 5G-related solutions are commercially accessible.
Report Highlights
- By Offering, The market for massive machine-type communications is developing at the fastest rate. Requirements for 5G mMTC were created when 3G networks were being built. The IoT market is increasing as a result of the use of mMTC.
- By Application Insights, The majority of 5G in the healthcare and life sciences industry is anticipated to be consumed by the smart wearables segment. The market’s abundance of smart wearable companies, the proliferation of product launch tactics, and the growing demand for smart gadgets for patient health monitoring have all contributed significantly to the segment’s rise.
- By end-user segment, to enhance their data collecting, analytics, and facilities management systems, healthcare providers like hospitals and clinics are anticipated to boost their deployment of 5G networks. The desire for immediate access to data, the use of augmented reality and virtual reality in training, telemetry, and other technical developments are projected to fuel the expansion of the provider’s category.
Related Reports
Key Developments in the Marketplace:
- China Telecom (China), ZTE (China), and West China Hospital will make remote coronavirus detection possible in January 2020 thanks to 5G technology.
- ZTE (China) and Huawei (China) constructed 5G demonstration sites for remote consultation, outpatient care, and imaging diagnosis in June 2020.
- To entice commercial customers and seize some of Verizon and AT&T’s market share, T-Mobile unveiled a suite of 5G goods in May 2022. The company has already signed up customers like an automotive, an airline operator, and a theme park.
Market Segmentation
By Component
- Hardware
- Services
By Application
- AR/VR
- Virtual Consultations
- Remote Patient Monitoring
- Connected Medical Devices
- Connected Ambulance
- Home Healthcare
- Telemedicine
- Smart Wearables
- Others
By End-User
- Healthcare Providers
- Healthcare Payers
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
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123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
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The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
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Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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