India’s cloud market is projected to touch $8 billion by 2023

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India’s cloud market is projected to touch $8 billion by 2023

#DrDeepakKumarSahu, Publisher & Chief Editor, Kalinga Digital Media & #VARINDIA At #EIITF2022

India’s cloud market is projected to touch $8 billion by 2023.

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    5G edge networks is going to bring new capabilities allowing communications service providers (CSPs) to develop innovative applications, services, and revenue streams in the media and entertainment domain, as per the reports from the ABI Research. Edge computing will be a critical enabler for these use cases by providing the perfect compromise between decentralising network traffic, while centralising processing capabilities. A Research firm outlines, 5G and edge networks will extend gaming into a fully immersive, multi-sensorial environment with multi-player collaboration to access and play the same game. This will drive 119 million cloud gaming users by 2024. Furthermore, 5G edge networks stand to unlock cloud video revenues from $5 billion in 2019 to $67.5 billion by 2024 at a CAGR of 67 percent. Today, most media and gaming use cases, especially cloud gaming and cloud video, are consumer-centric, but 5G and edge infrastructure will ultimately cross over to enterprise use cases.

    5G low latency and edge computing capabilities are crucial for many aspects of media and entertainment services. By using 5G capabilities, the content can subsequently be processed by multiple users in different locations in a simultaneous fashion. Further, the content can be reused for different requirements like second screens, interactive games etc. The ability to create content in a rapid fashion and in multiple locations can reduce media production costs and timescales. Ongoing adoption of 5G edge networks will be a driver for several use cases with higher data rates and low latency. Further, with the advent of 5G and edge capabilities, 2021 and beyond will be a time in which partnerships and collaborations between hyperscalers (e.g., Amazon, Google, Microsoft) and telcos will flourish for both the enterprise and consumer markets. At the same time, the telecom sector is going to witness more collaboration with AI, AR/VR and software de

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    Annual chip sales to reach all-time highs in 2021

    The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors were $48.8 billion in October 2021, an increase of 24.0% from the October 2020 total of $39.4 billion and 1.1% more than the September 2021 total of $48.3 billion. Growth is driven by mobile phones, notebooks, servers, automotive, smart home, gaming, wearables, and Wi-Fi access points, with increased memory pricing. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales will increase 25.6% in 2021 and 8.8% in 2022. SIA represents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Global semiconductor demand remained high in October, with year-to-year sales increasing substantially across all major regional markets,” said John Neuffer, SIA president and CEO. “Annual chip sales and units shipped are projected to reach all-time highs in 2021, with moderate annual growth expected in 2022.

    Additionally, SIA endorsed the WSTS Fall 2021 global semiconductor sales forecast, which projects the industry’s worldwide sales will be $553.0 billion in 2021, a 25.6% increase from the 2020 sales total of $440.4 billion. WSTS projects year-to-year increases in Asia Pacific (26.7%), Europe (25.6%), the United States (24.6%), and Japan (19.5%). In 2022, the global market is projected to post moderate growth of 8.8% to reach $601.5 billion in annual sales. WSTS tabulates its semi-annual industry forecast by gathering inputs from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends. According to IDC, 5G semiconductor revenues will increase by 128%, with total mobile phone semiconductors expected to grow by 28.5%. Game

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    Low-code is a technology that allows developers to create apps and interactive platforms without hard-coding language training. It uses visual tools and pre-built modules to help users create a UI for their apps. The current market value of the low-code industry is 13.2 billion dollars. This is also enabling users to create solutions that reflect specific data inquiries and workflow processes; their low-code/no-code-crafted programs can also easily be integrated into larger business processes. Low Code No Code (LCNC) is a suite of visual drag-and-drop tools that developers may use to create apps with a comprehensive user interface, integrations, data management, and logic. According to a survey by Nasscom, LCNC software solutions produced over $400 million in revenue for Indian IT service providers and startups in fiscal 2021. With the appropriate levers, this sector can expand to $4 billion by 2025. The global low-code/no-code market is projected to total $13.8 billion in 2021.Global markets account for over 70% of the income generated by Indian enterprises in this sector.

    LCNC, together with AI-written code, will be a disruptive force in the tech business. The good news is that a lot can be done highly efficiently with little or no code, making it easy to dethrone old, established systems and try new ones. Leading tech businesses are expected to penetrate the regional markets with these solutions designed expressly for e-commerce and manufacturing in India. According to Gartner, low-code application platforms (LCAP) are expected to be the main component of the low-code development technology industry through 2022. Companies have seen better outcomes and productivity increase of over 1.5x, and the majority of enterprises have seen a 30-35 per cent gain in ROI when they employ minimal or no goodwill vs the traditional manner of development. There are several

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    The future is cloud and the market for cloud services has grown to such an extent that there is now a notable percentage of total IT spending : Deepak Sahu, Publisher - VARINDIA at 7th SIITF 2016

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