This is part 1 of a series of blogs covering the NVIDIA GTC '22 event. You can read part 2 here and part 3 here.
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While many industries felt the intense ramifications of the global chip shortage, the government issued ID space has been mostly spared because vendors recognize the importance of citizens obtaining proper IDs and because the market is contract-based. Plus, the demand for IDs hasn’t exactly been soaring given travel restrictions, which is the driving factor behind purchasing a passport. However, as restrictions lift and people begin to travel and go out more, demand for smart ID cards will increase, presenting an emerging challenge in a world where chip supply isn’t expected to fully recover until late 2023 at the earliest.
Although the world is gradually crawling closer to a full escape from the clasp of COVID-19, some of the effects of the pandemic are still being felt in supply chain logistics. As a result of lingering issues, such as labor shortages and port holdups, suppliers are still struggling to meet satisfactory delivery windows.
In 2021, the global cold chain track and monitor telematics technologies market size was US$286 billion, according to ABI Research. By 2027, the cold chain telematics industry will be valued at over US$700 billion and growing at a Compound Annual Growth Rate (CAGR) of 16.6%. As 20% of perishable goods are wasted during shipping, cold chain logistics managers are turning to technological solutions to monitor shipped goods.
With climate change being at the forefront of the public’s conscience, telecommunications operators and vendors need to look for innovative ways to conserve energy. Although 5G is 90% more energy efficient per unit of traffic than 4G, it still requires substantially more overall energy consumption—from heavy traffic load, Massive Multiple-Input Multiple-Output (mMIMO), Radio Access Networks (RANs), and cell site capacity. For example, a 5G base station needs 3X more power than a 4G base station.
Between government regulation and growing consumer interest in eco-friendly products and services, telecommunications (telco) operators have recently felt pressure to invest in sustainable energy solutions. Of all the Greenhouse Gases (GHGs) emitted worldwide, telco operators will be responsible for 2% of them by 2030—on par with the aviation industry, according to the Polytechnic University of Bucharest. Once completely off the radar for business leaders, sustainable technologies have gradually become a new staple in the telco industry.
Sponsored by Huawei
Written by ABI Research Senior Director Dimitris Mavrakis
Telco operators across the world are currently pursuing their digital transformation strategies in order to evolve from the legacy connectivity business and become Information and Communication Technology (ICT) providers. The opportunity is there: telco operators already operate what can be called distributed intelligence networks and have experience in managing them. In a way, these platforms are what will likely power tomorrow’s processing payloads, including Machine Learning (ML) and Artificial Intelligence (AI) algorithms running in distributed deployments. This was a key theme at the MWC trade show this year, with the slogan of the show being “Connectivity Unleashed” and focusing on enterprise applications—contrary to previous shows, which focused mostly on consumer applications.
The often-discussed chipset shortage brought on by the COVID-19 pandemic has sustainably affected several industries, and a full recovery is not projected until 2024. Although the smart credentials and government ID markets have not been immune, they have been dealt a far lesser blow. This year, ABI Research forecasts shipments to reach 596 million units—a number that would compare favorably to pre-pandemic levels—followed by a year-over-year growth to 766 million in 2026. As travel restrictions continue to weaken, obtaining and renewing passports will gain stronger interest, as ePassport shipments will reach 176 million in 2024.
Although the long-term future of the Metaverse is still unclear, the current surrounding hype is still receiving considerable attention. In fact, this excitement has driven immediate growth for the global Content Delivery Network (CDN) market, which is also expected to more than double by 2030, reaching nearly US$24 billion.
by ABI Research Senior Analyst Leo Gergs
The telco industry needs to prepare now for the advanced services and features 5G will offer consumers and enterprises as 5G deployments ramp up rapidly in order to take advantage of monetization opportunities.