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Data Converter Market Size Worth $8.28 Billion by 2028 at 8.4% CAGR Led by Consumer Electronics Industry, COVID-19 Impact and Global Analysis by The Insight Partners

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The Insight Partners published latest research study on ‘Data Converter Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (DAC and ADC), Sampling Rates (High Speed Converters and General/Low Speed Converters), Application (Medical, Industrial, Communications, Consumer Electronics, Automotive, and Others), Resolution (10–14 bit, Above 14-20 bit, and Above 20 bit), and Rate of Converter (Below 100Msps, 100-500Msps, Above 500Msps-1Gsps, and Above 1Gsps-3Gsps),’ the global data converter market size is expected to grow from $5.10 Billion in 2022 to $8.28 Billion by 2028 at a CAGR of 8.4% from 2022 to 2028.

Download PDF Brochure of Data Converter Market Size – COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPTE100001014/

Data Converter Market Report Scope & Strategic Insights:

Report Coverage

Details

Market Size Value in

US$ 5.10 Billion in 2022

Market Size Value by

US$ 8.28 Billion by 2028

Growth rate

CAGR of 8.4% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2022

No. of Pages

187

No. Tables

137

No. of Charts & Figures

113

Historical data available

Yes

Segments covered

Type, Sampling Rates, Application, Resolution, and Rate of Converter

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Data Converter Market: Competitive Landscape and Key Developments

Analog Devices, Inc.; Texas Instruments Incorporated; NXP Semiconductors; STMicroelectronics; ROHM CO., LTD. are a few key data converter market players. In addition, several other companies—including Microchip Technology; Omni Design Technologies, Inc.; On Semiconductor; Renesas Electronics Corporation; Synopsys, Inc. —were studied and analyzed to get a holistic view of the data converter market and its ecosystem.

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In 2022, ROHM launched the D/A converter IC (DAC chip) BD34352EKV and the corresponding evaluation board BD34352EKV-EVK-001, supporting the playback of high-resolution sound sources in high-fidelity audio equipment. Designed to maximally extract and convert high-resolution digital audio data to analog audio signals, audio DAC chips are one of the most important components for determining the quality of audio equipment.

In 2021, Texas Instruments expanded its portfolio of high-speed data converters with a new family of successive-approximation register (SAR) analog-to-digital converters (ADCs) that enable high-precision data acquisition in industrial designs. Featuring best-in-class dynamic range at the lowest power consumption, the ADC3660 family includes 8 SAR ADCs with 14-, 16- and 18-bit resolutions and sampling speeds ranging from 10 MSPS to 125 MSPS. These products help in improving signal resolution, extend battery life, and strengthen system protection.

The data converter market growth in Europe is driven by the proliferating automotive sector. The automotive sector represents over 7% of the GDP of Europe. The increasing development and sales of electric vehicles, and the presence of established car manufacturer and supplier bases, with strong brand value and technological and financial capabilities, would boost the Europe data converter market growth in the coming years. Russia is one of the leading providers of raw materials required in the manufacturing of semiconductors; however, the Russia and Ukraine conflict has raised the raw material and logistics costs to some extent, which is weighing down the automotive industry in the region.

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Germany led the data converter market size in Europe in 2021. The country is recognized for its outstanding automotive industry in the world. According to German Trade & Invest (GTAI), in 2021, the country produced more than 3.1 million passenger vehicles, and 351,000 commercial vehicles were manufactured in German plants, of which ~77% will be exported to the globally. In addition, in February 2021, Clean Energy Wire announced that the German government is investing US$ 1.54 billion (1.5 billion euros) to help the car industry become more environmentally friendly and digitalized by 2024. Thus, the growing automotive industry is expected to fuel the growth of the German data converter market in the coming years.

Telecom and aerospace are other industries having a robust foothold in Germany. Deutsche Telekom provides a 5G network that covers more than 90% of the German population. The company has more than 63,000 antennas transmitting 5G Internet throughout the country. Since 5G is one of the prominent applications of data converters in the communications industry, this industry holds huge potential for the data converter market players.

Data Converter Market: Impact of COVID-19

GermanyFrance, and the UK have several electronics manufacturing facilities. The COVID-19 pandemic has marginally affected the operations of electronics and semiconductor manufacturers, including data converter market players, as manufacturers continued their operations with limited workforces, which adversely impacted the product deliveries in 2020. On the contrary, the demand for cloud services increased as consumers spent maximum time working and learning from home; they were also compelled to opt for home entertainment. In addition, companies from various industries required large data spaces to deploy their operations digitally in virtual space during the pandemic.

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According to European Automobile Manufacturers Association (ACEA) report 2020, the automobile industry in Europe suffered 22.9% loss in total production compared to 2019. Nevertheless, the telecommunications sector reported a doubling of its services during the lockdown. As a result, the unprecedented rise in data generation and the need to improve the performance of wireless communication devices have boosted the demand for constructing new communication infrastructure and restoring the existing ones. Thus, a surge in the adoption of consumer electronics products amid the WFH model has propelled the demand for data converters in Europe during the COVID-19 pandemic and thus has contributed positively towards data converter market.

Data Converter Market: Application Overview

Based on application, the data converter market size is segmented into medical, industrial, communications, consumer electronics, automotive, and others. The consumer electronics segment led the data converter market in 2021; however, the industrial segment is expected to register the fastest CAGR during the forecast period.

The manufacturing sector is utilizing high-speed data converter solutions to ensure synchronized data sharing. In the industrial sector, instrumentation, precision, industrial control, and assembly-line robots are among the prominent use cases of data converters. China, the US, JapanGermany, and India are a few of the leading manufacturing countries in the world. The growing industrial sectors in these countries would help bolster the penetration of data converters to make the industrial process smarter and automated.

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Smartphones, laptops, wearables, tablets, peripheral devices, and other consumer electronics are among the key application areas of data converters. The increasing adoption of these products in developed and developing countries is mainly attributed to the elevating population and disposable income, and growing Internet penetration. Advancements in smartphone technologies and increasing digitalization are significant factors that propel the growth of the data converter market.

Browse Adjoining Reports:

Analog-to-Digital Converter Market to 2027 – Global Analysis and Forecasts by Product Type (Integrating ADC, Delta- Sigma ADC, Successive Approximation ADC, Ramp ADC, Others); Resolution (8-bit, 10-bit, 12-bit, 14-bit, 16-bit, Others); Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, Others)

Analog IC Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Type (Application Specific IC, and General Purpose IC); Application (Amplifiers/Comparators, Data Convertors, Voltage Regulators, Interface IC, and Other Analog); Industry Vertical (Consumer electronics, Telecom & Communication, Automotive, and Healthcare)

Mixed Signal IC Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product Type (Mixed Signal SoC, Data Converter, and MCU/MPU); End User (Automotive, Consumer Electronics, Aerospace and Defense, Healthcare, and Others); and Geography

Digital Transformation Market to 2025 – Global Analysis and Forecasts by Components (Solution and Services); Deployment Type (Cloud and On-Premise); and End-User (BFSI, Healthcare, Education, Retail, IT & Telecom, Logistics & Transportation, Manufacturing, and Others)

5G Market Forecast to 2025 – Global Analysis – by Networking Infrastructure (Small Cell, Macro Cell, and Others) and Industry Vertical (Smart Automotive, Healthcare, Smart Transportation & Logistics, Consumer Electronics, Industry Automation, Building & Home Automation, and Others)

Next Gen Memory Market to 2027 – Global Analysis and Forecasts by Type (Non-volatile Memory and Volatile Memory) and Application (Consumer Electronics, Industrial, Automotive & Transportation, Enterprise Storage, Military & Aerospace, Healthcare, IT & Telecom, and Others)

Optical Transport Network (OTN) Market to 2025 – Global Analysis and Forecasts by Technology (WDM and DWDM); Component (Optical Switch, Optical Transport and Optical Packet Platform); Service (Network Design and Network Maintenance and Support) and End-use Verticals (Communication Service Provider, Enterprise and Government)

Software Defined Networking (SDN) Market to 2025 – Global Analysis and Forecasts by Solutions (Physical Network Infrastructure, Virtualization/Control Software, SDN Application and Professional Services), End-user (Enterprises, Telecommunication services Providers, Cloud Service Providers) and Industry Vertical (Banking & Financial Services and Insurance, Telecommunication & IT, Consumer Goods and Retail, Government & Defense, Manufacturing, Research & Academia and Others)

Artificial Intelligence

9Spokes Introduces Multi-Bank View to Expand Financial Insights for SMBs

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AUCKLAND, New Zealand, May 1, 2024 /PRNewswire/ — 9Spokes, a data platform that specializes in integrating and aggregating business and financial data, today announced the launch of its multi-bank feature, a significant advancement in financial transparency and access for small and medium-sized businesses (SMBs). This new feature provides SMBs with a consolidated view of their financial accounts across multiple institutions and service providers, aligning with the global movement towards open banking and open data.

With over 45% of SMBs managing their finances through multiple financial providers, the necessity for seamless access to broad financial data is crucial. The multi-bank view by 9Spokes addresses this challenge by giving SMBs, which make up over 90% of businesses in the US and UK, an integrated snapshot of their financial landscape.
“Understanding the complete financial picture of SMB customers can be a significant challenge,” said Kevin Phalen, Executive Chairman at 9Spokes. “Our multi-bank view harnesses the power of open data to provide a holistic view of financial statuses, empowering businesses and financial providers alike with the information needed to make informed decisions.”
This feature is poised to change how financial services are provided to SMBs, offering benefits that include:
Enhanced Customer Insight: Provides a deeper understanding of SMBs’ financial needs by consolidating financial data from multiple sources.Personalized Services: Allows for the delivery of customized financial products and advice tailored to each customer’s unique financial situation.Increased Efficiency: Streamlines the data collection and analysis process, freeing up resources for innovation and improved service delivery.This feature not only simplifies financial management for SMBs but also enhances the abilities of financial institutions and fintech companies to perform more effective risk assessments and customize their offerings accordingly.
For more information about the multi-bank feature or to learn more about 9Spokes, please visit www.9spokes.com/
About 9Spokes9Spokes is a global data platform that supports financial institutions and fintech firms worldwide. By aggregating consented business data from a variety of sources, 9Spokes helps businesses harness powerful tools for better financial management and strategic decision-making, driving transformation within the financial sector.
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HER HIGHNESS SHEIKHA MOZA FORMALLY LAUNCHES QATAR PRECISION HEALTH INSTITUTE

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Institute builds on 10 years of genomics research to address the under-representation of the Arab genome and unravel a more representative map of the human race
DOHA, Qatar, May 1, 2024 /PRNewswire/ — Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation, officially launched the Qatar Precision Health Institute, a national body aimed at leveraging the country’s advanced genomics research to accelerate personalized healthcare – leading to more precise treatments and improved health outcomes for people in the Arab world and beyond.

 
 
The Qatar Precision Health Institute builds on the groundbreaking work of Qatar Biobank and Qatar Genome Programme, uniting the efforts of Qatar Foundation’s research institutes to provide insights that reveal the effects of lifestyle, environment, and genetics on the Arab population.
Her Highness, Sheikha Moza bint Nasser, spoke at the formal launch event, emphasizing the importance of raising public awareness on the benefits of precision health. She said:
“I am proud that Qatar was the first country in the region to establish a population-based genome program, and has played a pioneering role in ensuring that Arab genomes are included in global genomic databases. Qatar’s efforts have led to faster and more accurate diagnoses of multiple diseases for people from the region. QPHI is building on those successes and taking our knowledge forward to implement clinical solutions that will lead to a healthier future not only for our citizens but for people around the world.”
Qatar Foundation’s work in the field of precision health led to the creation of the Qatari genome catalog, comprising more than 88 million variants, 24 million of which had never been reported previously in international databases.
Dr. Said Ismail, Acting President of QPHI, said:
“The Middle East is home to more than 400 million people, and is one of the world’s oldest inhabited regions, yet it is the most underrepresented in genome sequencing, as over 95% of available genome data comes from Western Europe and North America. Through research and clinical trials conducted at QPHI, we aim to improve the representation of Arab genomes in these datasets, empowering scientists to unravel the complete map of genomes that define the allelic spectrum of the human race, including Africa, East and Southeast Asia.”
QPHI will advance the study of the Arab genome through recruiting Qataris and long-time residents in large numbers, analyzing their biological samples, as well as information about their health and lifestyle. In doing so, it will make vital data accessible for researchers across the region and the world. Partnerships with leading global genomics institutes, including The Global Alliance for Genomics and Health, as well as the Health Institutes of Turkey will ensuring the transferability of discoveries, and strengthen genomics research on a global scale.
To date, Qatar Genome Programme has sequenced the genomes of over 40,000 Qataris or long-term Qatar residents, generating a wealth of data that has helped to inform diagnoses and treatments that have saved lives.
Through the use of precision medicine, a great number of diseases can be detected early, or avoided altogether. Interventions such as rapid genetic screening for heart patients has led to targeted treatment and a reduction in the number of days patients need to stay in hospital, while mandatory newborn screening through heel prick tests screens for over 80 disorders, giving doctors and parents the ability to detect treatable diseases before clinical presentation.
By seamlessly integrating cutting-edge research with clinical applications, QPHI will equip healthcare providers with the means to provide personalized treatment and elevate the standard of care while cementing Qatar’s position as a frontrunner in precision medicine on the global stage.
For more about Qatar Foundation, please visit qf.org.qa.
For more about QPHI, please visit qphi.org.qa
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ION LookOut named “Most Innovative Trade Surveillance Solution” at A-Team Innovation Awards 2024

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LONDON, May 1, 2024 /PRNewswire/ — ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces that ION LookOut has been named “Most Innovative Trade Surveillance Solution” at the A-Team Innovation Awards 2024. 

The A-Team Innovation Awards recognize innovative projects and teams across the vendor and practitioner communities that leverage new and emerging technologies to deliver cutting-edge solutions for financial institutions in capital markets. The awards focus on data management, trading technology, ESG, and regtech suppliers whose contributions are advancing these areas.
ION LookOut, developed by LIST – an ION company, is a multi-asset trade surveillance solution used across multiple jurisdictions. Machine Learning for Alarm Classification (MLAC), ION LookOut’s AI-based assistant, helps compliance teams classify multiple alerts, reducing time and effort, and improving efficiency. MLAC optimizes alert management by learning from the past behavior of compliance officers. It helps reduce the workload of compliance officers while raising alarms for the necessary level of tracking activity. The automatic closure of low-profile alerts further streamlines the process, saving time.
“We are thrilled with ION LookOut’s win at the A-Team Innovation Awards 2024. The recognition reflects ION’s dedication to delivering high-value solutions that address our customers’ evolving needs,” said Alvise Insalaco, Chief Executive Officer: LIST.
“It’s an honor to have ION LookOut recognized for its innovative trade surveillance solution,” said Mirko Marcadella, Chief Product and Marketing Officer: LIST. “This award is a testament to ION’s unwavering commitment to push the boundaries of innovation and deliver solutions that empower our customers.”
Angela Wilbraham, CEO at A-Team Group and 4th annual A-Team Innovation Awards 2024 host, commented, “Many congratulations to ION for winning the Most Innovative Trade Surveillance Solution award in recognition of their achievement in delivering high levels of innovation to financial institutions. They should be deservedly proud of this accomplishment.”
ION LookOut was also named Best Solution for Record Retention at the RegTech Insight Awards APAC 2024 earlier this year, further demonstrating ION’s consistent track record of delivering award-winning products.
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/ 
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in asset management, cleared derivatives, equities, fixed income, foreign exchange, and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/ 
About LIST
An ION company, LIST is a leading financial technology provider to the global trading community, including trading venues, market makers, brokers, asset managers, risk managers, and compliance officers. LIST’s innovative turnkey products and delivery, driven by customers’ needs, play a key role in supporting successful business growth in today’s volatile times. Continuous innovation and client partnerships around the globe have built trust and reliance on LIST’sunique real-time and data analytics capabilities. For more information, visit https://www.list-group.com/.
About A-Team Innovation Awards 2024
The A-Team Innovation Awards celebrate innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets, with a specific focus on data management, trading technology, ESG and regtech suppliers. For more information, visit https://a-teaminsight.com/awards/a-team-innovation-awards/
All product and company names herein may be trademarks of their registered owners.

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