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Showing posts from August 29, 2017

Network Function Virtualization (NFV) interoperability test between Cisco, Ericsson, Huawei, and Nokia are very important

Very exciting to observe that, Cisco, Ericsson, Huawei, and Nokia are joining their efforts when it comes toNetwork Function Virtualization (NFV) interoperability. Such collaboration allows telcos to accurately embrace the multi-vendor NFV deployment and benefit from the open source nature of NFV. For many analysts, virtualized network function onboarding, interoperability testing, and lifecycle management are becoming the new focus of the industry, as telcos seek to leverage the strengths of different hardware and software vendors.

Chinese and South Korea telcos in the Network Function Virtualization market

Steadily, it is clear that, there is no single approach to Network Function Virtualization (NFV) and the latest market developments demonstrate just that. In effect, in July 2017, SK Telecom launched T-MANO, its own network function virtualization management and orchestration (MANO) platform. One can observe that, this move is contrary to major Chinese telcos, who opt to collaborate with large number of vendors and other telcos in ONAP to develop a common MANO platform. In fact, Telcos in China aim to become the catalyst for the government “Made in China 2025” strategy. According to ABI Research, through their NFV initiatives, Chinese telcos can empower local industrial players with new capabilities, such as multi-access edge computing, massive machine type communications, dynamic cloud services and vehicle-to-everything communications.

Network Function Virtualization market in Asia Pacific

The most exciting is to observe that, Telcos in Asia Pacific are actively virtualizing their network architecture. A streamlined development can be observed from open source communities, such as OPNFV and ONAP, as well as from individual efforts by telcos. ABIResearch forecasts the network function virtualization (NFV) market in Asia Pacific will grow to $US9.24 billion in 2022. The firm also reveals that, Japan is the largest single market within the Asia Pacific region, constituting 25.7% of the total revenue. This is followed by South Korea and China, respectively at 22.7% and 14.6% respectively. “Japan leads in the region, not only because of the desire to design resilient and reliable networks in preparation for future disaster threats, but also to prepare for the 2020 Summer Olympics,” said Lian Jye Su, Senior Analyst at ABI Research.

Some hindrances susceptible to perturb the Bioprinting industry

Steadily, one can observe that, Bioprinting technology has huge market potential for healthcare segment particularly in organ fabrication. According to Research and Markets, growth of the market is driven by widening demand-supply gap in organ transplants, application in drug toxicity testing and rising demand for orthopedic implants. Many analysts believe that, certain factors such as regulatory hurdles, lack of skilled professionals, high costs and limited choice of biomaterials are hindering growth of the industry. As major industry players operating in the global 3D Bioprinting market, we have Organovo Holdings, Inc., CELLINK AB, EnvisionTEC GmbH, BioBots, Inc. and Cyfuse Biomedical K.K., among others.

Living cells and tissue using 3D printing technologies

It is now clear that, Bioprinting has potential to revolutionize medical practice due to its exciting prospects of creating living cells and tissue using 3D printing technologies. Bioprinting has emerged as a powerful tool for building tissue and organ structures for drug discovery and regenerative medicine applications. While the technology is currently in early stage, it is rapidly gaining momentum both in academic and commercial setups.

3D Bioprinting technology has transformative power

Very exciting to see that, 3D Bioprinting technology has transformative power which has been radically shaping growth of medical industry globally. In effect, widening demand-supply gap in organ transplants, application in drug toxicity testing and rising demand for orthopedic implants has been key contributors to growth of global 3D Bioprinting market, according to Research and Markets.

The freemium business model in the digital music streaming industry

For those who are unfamiliar, online music streaming applications and services are adopting the freemium business model that aims at converting free users to premium services while ensuring sustainability. One can observe that, free users usually migrate to access unlimited and uninterrupted content, which leads to an increase in subscription services and results in the growth of the market on the whole.

The subscription services for digital music and streaming are becoming increasingly popular

It is steadily, clear that, the subscription services for digital music and streaming are becoming increasingly popular among consumers. In effect, many music streaming applications have started to provide social media integration services allowing them to personalize preferences and content. Online music streaming applications such as Spotify, SoundCloud, and Wynk are linked to social media platforms such as Facebook, and users can share music and playlists with their friends.

The global mobile apps market is growing exponentially

Analysts agree on the fact that, the global mobile apps market is growing exponentially. As a result, most of the service providers are developing their mobile applications to provide ease of access and usage to customers. With the growing adoption of mobile devices and the consequent increase in mobile application downloads, most of the songs and albums are now available in-app for streaming and downloading. Thisprovides easy payment options for subscriptions to digital content, which attracts and retains many customers.

The new features offered by music streaming service providers

The increased penetration of smartphones and tablets worldwide is one of the major driving forces for the growth of digital music. Vendors offer free downloading and streaming services for mobile devices. The new features offered by music streaming service providers allow users uninterrupted access to music without the need for downloading files. Users can legally access high-quality songs for free for a pre-defined period or by paying a nominal subscription fee. Mobile ad spending is one of the major sources of revenue for digital music service providers.