The cognitive radio technology is being significantly adopted by organizations worldwide to enhance the customer experience, improve the Return on Investment (RoI), and gain a competitive edge in the wireless communication industry.
Northbrook, IL -- (SBWIRE) -- 01/23/2018 -- According to a new market research report "Cognitive Radio Market by Component (Software Tools, Hardware, and Services), Application (Spectrum Sensing, Spectrum Analysis, Spectrum Allocation, Location Tracking, and Cognitive Routing), End-User, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the cognitive radio market size is expected to grow from USD 3.45 Billion in 2017 to USD 7.44 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period. Technological advancements in the wireless communication field, optimized spectrum utilization, and the increasing adoption of the 5G technology are some of the major factors that are expected to drive the growth of the global cognitive radio market. Furthermore, the rising adoption of the cognitive radio technology in government and defense organizations and increasing demand for the cognitive radio technology in commercial applications are expected to provide significant opportunities for the growth of the cognitive radio market.
Browse 69 market data Tables and 41 Figures spread through 136 Pages and in-depth TOC on "Cognitive Radio Market by Component (Software Tools, Hardware, and Services), Application (Spectrum Sensing, Spectrum Analysis, Spectrum Allocation, Location Tracking, and Cognitive Routing), End-User, and Region - Global Forecast to 2022"
The government and defense end-user is expected to be the largest contributor in the cognitive radio market during the forecast period.
The governments of various countries are focused on developing and implementing advanced communication technologies, such as cognitive radios and Software-Defined Radio (SDR), for serving the requirements of the modern nature of warfare. Moreover, the government bodies, such as public safety and homeland security, are responsible for ensuring the protection of citizens, organizations, and institutions against threats to their well-being and the prosperity of their communities. The major issue faced by the government agencies is the highly congested radio frequencies allocated for emergency communication in many areas. The cognitive radio helps these government bodies tackle this issue by ensuring efficient and effective spectrum usage as well as responding to emergency incidents efficiently.
The managed services segment is expected to grow at a higher CAGR during the forecast period.
The demand for services is expected to grow with the evolution of the cognitive radio market, specifically for managed services. The managed services segment is expected to have the faster growth rate during the forecast period. Managed service providers deliver third-party infrastructure services that help organizations manage their wireless communication devices. Managed service providers take care of all the hardware and software functions, while organizations are only responsible for updating and installing business applications and configuring company policies.
North America is expected to have the largest market share during the forecast period.
North America is expected to be the most competitive region in the cognitive radio market during the forecast period. North America, among all the regions, has shown the maximum adoption of the cognitive radio technology, due to its early implementation in the majority of verticals. The region is expected to hold the largest market share during the forecast period. The US and Canada are expected to extensively implement cognitive radios for wireless communication.
Request to Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=219954724
The major cognitive radio vendors are BAE Systems (London, UK), Raytheon Company (Massachusetts, US), Thales Group (Paris, France), Rhode & Schwarz (Munich, Germany), Spectrum Signal Processing (Burnaby, Canada), xG Technology (Florida, US), Nutaq (Quebec, Canada), Ettus Research (California, US), Shared Spectrum Company (Virginia, US), DataSoft (Arizona, US), EpiSys Science (California, US), and Kyynel (Oulu, Finland).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441