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5G Chipset Market Size to Surpass USD 218.04 Billion by 2030, exhibiting a CAGR of 36%



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Pune, India, May 17, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global 5G Chipset Market Size was valued at USD 19.69 billion in 2022 and is projected to grow from USD 25.30 billion in 2023 to USD 218.04 billion by 2030, exhibiting a CAGR of 36.0% during the forecast period. This chipset is manufactured to transfer and carry high-speed internet data with a low-latency network. The fifth generation network chipset has lower latency than existing 4th generation (4G/ 4.5G/ 4.9G) LTE chipsets. It is also capable of offering higher efficiency and 10 to 100 times more data transfer than existing technology 4G technology, thus driving market proliferation. This information is provided by Fortune Business Insights, in its report titled, 5G Chipset Market Forecast, 2023-2030.

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Key Industry Development:

February 2022: Qualcomm Technologies, Inc. launched the new Snapdragon X70 5G Modem-RF System, its 5th generation modem-to-antenna 5G solution. The Snapdragon X70 unveils the world’s first 5G AI processor in a modem-RF system and enables users to harness the power of AI for breakthrough 5G performance with 10 Gigabit 5G downloads. It also promises low latency, incredible upload speeds, coverage, and power efficiency. It will allow global 5G operators to maximize spectrum resources for the best possible 5G connectivity.

Key Takeaways

  • 5G chipset is a next generation high-end dedicated connectivity chipset device
  • This chipset is manufactured to carry and transfer high-speed internet data with a low-latency network.
  • 5G technology also increases overall smartphone and connected device performance.
  • The growing use of 5G processors and chipsets in consumer electronics devices is driving the market globally.

Discover the Leading Players Featured in the Report:           

“Companies leading the 5G chipset Market are Qualcomm Technologies, Inc. (U.S.), Broadcom (U.S.) , Unisoc Communications, Inc. (China), Mediatek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Qorvo (U.S.) , Xilinx Inc. (U.S.), Infineon Technologies AG (Germany),”

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 36.0%
2030 Value Projection USD 218.04 Billion
Base Year 2022
5G chipset Market Size in 2022 USD 190.6 Billion
Historical Data for 2019 to 2021
No. of Pages 160
Segments covered Type, Frequency, Deployment Type, Industry Vertical and Geography
5G chipset Market Growth Drivers Adoption of IoT Technology to Boost Product Demand and Drive Market Growth

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Drivers and Restraints:

Adoption of IoT Technology to Boost Product Demand and Drive Market Growth

The demand for high-speed and low-latency internet connections has been rising since the last decade, which, in turn, raises the need for high-speed internet networks and data transfer for rapid information processing. It also necessitates the adoption of 5G technology as it increases overall smartphone and connected device performance. For instance, according to a survey published by “Telecom-Talk”, the percentage of 5G smart phone users in the U.S. grew from 41% in 2021 to 63% in 2022. The rising adoption of advanced technologies, such as connected devices and IoT, has elevated the need for 5G chipsets in several consumer electronics, thus driving the 5G chipset market growth.

On the other hand, the high initial cost of adopting 5G chipsets will hinder market proliferation over the forecast timeframe.


By Type

  • Application Specific Integrated Circuit (ASIC)
  • Radio Frequency Integrated Circuit (RFIC)
  • Millimeter Wave Integrated Circuit (mmWave IC)
  • Cellular Integrated Circuit (Cellular IC)
  • Others

By Frequency

  • Sub-6 GHZ
  • 26-39 GHZ
  • Above 39 GHz

By Deployment Type

  • Smartphone/Tablets
  • Connected Vehicles
  • Connected Devices
  • Broadband Access Gateway Devices
  • Others

By Industry Vertical

  • Energy and Utilities
  • Manufacturing
  • IT and Telecommunication
  • Media and Entertainment
  • Transportation and Logistics
  • Consumer Electronics

Regional Insights:

Asia Pacific to Hold Major Share Stoked by Availability of Research & Development Facilities

Asia Pacific captured majority of the 5G chipset market share in 2022 owing to the availability of several chipset and advanced processor manufacturing units and research & development facilities in Japan, China, Taiwan, and South Korea. Moreover, developing economies, such as Australia, India, and Singapore, are focusing on enhancing their manufacturing capacity for chipsets, processors, and 5G devices, which will further aid market augmentation in the region..

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Competitive Landscape:

Product Launches by Industry Leaders to Aid Market Proliferation

Leading companies take various measures to strengthen their market position and maximize profits. Some of these measures include product launches, mergers and acquisitions, partnerships, and collaborations. For instance, in June 2021, Samsung Electronics, a leading consumer electronic products provider, launched its new 3GPP Rel.16 compliant chipsets, which are compatible with the next generation 5G mmWave radio frequency integrated circuit and 5G modem System-on-Chip (SoC). This product can effectively operate functions on a high-speed 5G low latency network.


How big is the 5G chipset Market?

5G chipset Market size was USD 19.69 Billion in 2022.

How fast is the 5G chipset Market growing?

The 5G chipset Market will exhibit a CAGR of 36.0% during the forecast period, 2023-2030

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Artificial Intelligence

Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI




Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation
BENGALURU, India, Sept. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth.

Generative AI has opened new avenues of AI applications and key enterprise functions across industries, and Infosys is providing services, frameworks, solutions, and platforms in multiple application areas, such as semantic search, document summarization, contact center transformation, AI-augmented software development lifecycle (SDLC) and marketing content creation. For example, Infosys helped a leading financial services company implement an AI-based solution to generate document summaries and provide a semantic search capability using generative AI. This resulted in automated organization of documents, which significantly reduced efforts and improved productivity of their financial advisors.
Through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, in order to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers’ operational efficiency, decrease turn-around-time, future-proof investments, and open new business models.
Balakrishna D. R. (Bali), Executive Vice President and Global Head – AI and Automation, Application Development & Maintenance, Infosys, said, “Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services. It converges the power of Infosys Cobalt and data analytics to AI-power business and deliver cognitive solutions and intuitive experiences that revitalize growth. Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises.”
Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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Vena Closes First Half of 2023 With Record Revenue, Customer Base and Partnerships




CPM leader notches impressive year-over-year revenue growth alongside continued recognition of platform capabilities  
TORONTO, Sept. 26, 2023 /PRNewswire/ — Vena, the Intelligent Complete Planning platform loved by finance and trusted by business, entered the second half of 2023  with considerable customer momentum and revenue growth following fiscal H1. The company welcomed more than 200 new customer wins and saw continued success across Vena’s Services and Solutions Partner Ecosystem.  

Vena’s award-winning cloud corporate performance management (CPM) software empowers leading companies and organizations worldwide, such as Nike, Kansas City Chiefs, Coca-Cola Consolidated, WWF-Canada and over 1,600 more, to plan for anything and succeed through today’s uncertainty. For Metro Supply Chain Group, Vena has helped them run multliple scenarios and use multiple forecasts to aid decision making. “Operational metrics are important, but the story is not complete until you can see how they impact your costs, revenue and EBITDA margins. Vena is our way of bringing that all together and measuring the health of our business,” explains Paolo Mari, VP of Business Analytics and Commercial Management at Metro Supply Chain Group. 
According to Vena CEO Hunter Madeley, Vena’s growth has been fueled by the ever-increasing need for customers to derive insights from internal and external data and take purposeful action.  
“Our customers are leveraging Vena to navigate their best path through what continues to be highly variable market conditions for most organizations. The Vena Insights product, which puts the power of AI in the hands of our customers, has seen tremendous uptake this year as finance and operations teams become stronger strategic partners for their organizations. Whether leaning on the experience and knowledge of our service and support teams, or the strength of our expansive Partner ecosystem, our customers are taking full advantage of the investments we continue to make in our platform. We remain grateful to the entire Vena community for their continued support, and we look forward to serving record numbers of customers and partners in 2023,” says Madeley. 
The company, which offers an industry-leading corporate performance management platform that helps organizations plan for anything, also hosted another successful Excelerate Summit in May. The yearly global virtual summit and new this year, a local in-person event in the UK, featured 40+ speakers and drew more than 3,000 finance and business leaders from around the world. Vena previewed expanded solution offerings, including new Partner-built preconfigured solutions (PCS), at Excelerate Summit 2023. The annual conference saw record Partner participation rates with an increase of 80% over 2022 across Partner speakers, attendees and exhibitors. 
Growth in Vena’s revenue and customer base has been accompanied by numerous industry accolades, including:  
Recognized for the fourth consecutive year with a TrustRadius Tech Cares award for going above and beyond to support employees and communities across five areas of focus ( Volunteerism; Robust diversity, equity and inclusion programs; Charitable donations and fundraising; Workplace culture, including support for remote and in-office employees;  Demonstrable support for environmental sustainability). Earning multiple 2023 TrustRadius Top Rated Awards in four categories: Corporate Performance Management (CPM); Budgeting and Forecasting; Financial Close;  Cash Flow Management. Recognition as a Leader in the 2023 Nucleus Research CPM Technology Value Matrix, which acknowledged Vena’s enablement of  “customers to make data-driven decisions, uncover actionable insights and drive growth across their business.” About Vena Vena is the only Intelligent Platform for Complete Planning that’s natively integrated with Microsoft 365, empowering teams to plan the way they think. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and flexible modeling capabilities to help business, finance and operations leaders make informed business decisions. With Vena, you can leverage the power of Microsoft Excel and AI-powered insights in a unified, cloud-based platform that enhances collaboration, scalability and security. Over 1,600 of the world’s leading companies rely on Vena to power their planning. For more information, visit  
MEDIA CONTACT Jonathan Paul Senior Director, Content & Communications, Vena [email protected] 
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EdrawMind V10.9.0 ‘s New Features Revolutionizing the Way Users Visualize Ideas




VANCOUVER, BC, Sept. 26, 2023 /PRNewswire/ — Wondershare Technology, a globally recognized software company, is excited to announce the release of EdrawMind V10.9.0, the latest version of their leading mind mapping and brainstorming tool. This update introduces a range of features aimed at revolutionizing the way users visualize ideas, enhancing efficiency, and fostering creativity. By harnessing cutting-edge technology, this new version seeks to cater to the diverse needs of professionals, students, and anyone looking to transform their thoughts into organized, dynamic, and visually appealing diagrams.

Integration with OpenAI: This feature enables seamless interaction with ChatGPT, integrating powerful AI capabilities into EdrawMind, thereby improving user experience through intelligent suggestions and assistance.Intelligent Document Parsing: EdrawMind can now intelligently analyze and process documents, extracting key information and assisting users in creating mind maps based on existing documents.PPT Generation: A valuable addition for users seeking to convert their mind maps into presentation slides efficiently.Inspiration Space: This dedicated space within the software encourages brainstorming and idea collation, thus streamlining the creative process.Exploration of Audio and Video: EdrawMind V 10.9.0’s new capability to handle audio and video content allows users to enrich their mind maps with multimedia elements.Versatile and Vertical Mind Map Posters: This feature provides users with myriad options for creating and customizing mind map posters, both in terms of layout and design.”In our relentless pursuit of enhancing user experiences, we are thrilled to introduce the integration of OpenAI into EdrawMind. This transformative update brings AI-driven features like intelligent file parsing and effortless PPT generation directly to our users, empowering them to achieve new levels of productivity and creativity. But our commitment doesn’t end here. We envision a future where our AI continually evolves, learns, and adapts to better serve and inspire our users on their creative journeys.” – Iris Liu, Head of Wondershare BrandingWondershare
Compatibility and Price 
Wondershare EdrawMind is compatible with Windows, Mac, Android and iOS and pricing starts at $39 for a six-month subscription. For free trials and downloads, please visit our official website or follow us on YouTube, Facebook, Twitter, and Instagram to learn more about EdrawMind.  Additionally, with an EdrawMind membership, you can enjoy cross-platform benefits across all EdrawMind platforms.
About Wondershare
Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life. 
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