(MENAFN- America News Hour) The
total information and communication technology goods (including computers,
peripheral devices, communication and consumer electronic components among
other IT goods) exports registered a growth rate of 11.5% in 2017 as against
10.5% in 2012.
CRIFAX added a report on 'Global Electronic Musical Instruments Market, 2020-2028' to
its database of market research collaterals consisting of overall market
scenario with prevalent and future growth prospects, among other growth
strategies used by key players to stay ahead of the game. Additionally, recent
trends, mergers and acquisitions, region-wise growth analysis along with
challenges that are affecting the growth of the market are also stated in the
report.
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The emergence of new technological innovations
including recent technologies such as DDI (AI) and Internet of Things (IoT)
finding their usage across both industrial and residential applications and
rapid pace of Electronic Musical Instruments taking place across various
industries is estimated to drive the growth of the global Electronic Musical
Instruments Market over the forecast period (2019-2027). The manufacturing
industries are predicted to invest about USD 340 billion on Electronic Musical
Instruments in 2019. Investments in robotics, autonomous and freight operations
are estimated to generate revenues of USD 128 billion in the same year. With
transformation of business models happening on account of emergence of AI, IoT
and Robotics, the global Electronic Musical Instruments Market is estimated to
observe significant growth over the next 6-7 years.
The introduction of 5G network is anticipated to
provide various business opportunities as well as tap additional sources of
revenue for the telecom industries, on account of increase in speed and
responsiveness of the wireless networks.
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With growing demand for mobile data along with
increased video streaming services, the adoption of 5G services in North
America is estimated to cross 45% by 2023. The rollout of 5G network combined
with IoT connectivity which includes connected cars, connected homes or
connected cities is predicted to change the way the telecom operators perform
their tasks. United Nations Conference on Trade & Development (UNCTAD) in
its report stated that the percentage of total information and communication
technology goods (including computers, peripheral devices, communication and
consumer electronic components among other IT goods) exports had grown from
10.5% in 2012 to 11.5% in 2017. As of 2017, Hong Kong held the largest share of
51.7% in ICT goods exports among four nations, which was followed by
Philippines (35.9%), Singapore (32%) and Malaysia (31%).Moreover, growth of the
global economy along with several efforts taken by countries such as China,
Japan, United States of America, Germany, Netherlands, Korea and other ICT
goods exporting nations is anticipated to aid the growth of the IT and Telecom
sector.To provide better understanding of internal and external marketing
factors, the multi-dimensional analytical tools such as SWOT and PESTEL
analysis have been implemented in the global Electronic
Musical Instruments Market report. Moreover, the report consists of
market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y
growth (%), Porter's five force model, absolute $ opportunity and anticipated
cost structure of the market.
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