Private LTE/5G market set to reach £4.2bn in 2024

With early investment in the infrastructure driven by demand from mission-critical organisations, and with more spectrum being made available for enterprise uses, the inaugural forecast for the worldwide private LTE/5G infrastructure market from International Data Corporation (IDC) is predicting a boom for the dedicated architectures for enterprises until 2024.

IDC defines a private LTE/5G infrastructure as any 3GPP-based LTE and/or 5G network deployed for a specific enterprise/industrial customer that provides dedicated access. That definition includes networks that may utilise dedicated (licensed, unlicensed, or shared) spectrum, dedicated infrastructure, and private devices embedded with unique SIM identifiers.

IDC also sees private LTE/5G infrastructure as those carrying traffic native to a specific organisation, with no shared resources in use by any third-party entities.

Given this basis, the analyst calculates revenue attributable to the sales of private LTE/5G infrastructure will grow from $945m (£695m) in 2019 to an estimated $5.7bn (£4.2bn) in 2024 with

Read More

Nordic startups make advances in pet tech

The Nordics have already played a prominent role in introducing the term “pet tech”, and now its startup protagonists are hoping that leads to the region shaking its “testing ground” status to become top dog of the burgeoning sector.

The tag of being a playground to trial new applications and sub-sectors is nothing new; the region’s market size naturally lends to it being a stepping stone towards larger-scale international traction. However, when it comes to the rise of digitisation across pet ownership and management, the events of last year have accelerated these Nordic players towards the top of the international food chain.

One of these leaders is internationally renowned business, Pets4Homes – a UK-born company now benefiting from Nordic ownership and entrepreneurship as it looks to innovate and expand.

Axel Lagercrantz, CEO of Pet Media Group, who acquired the business together with co-founder Eyass Shakrah back in August 2019,

Read More

Numbers stack up for UK open banking three years on

Nearly six billion calls were made from fintech application programming interfaces (APIs) to bank servers in the UK in 2020 and more than four million open banking payments were completed.

Figures from the UK’s Open Banking Implementation Entity (OBIE) said more than four million open banking payments were made in 2020, compared with 320,000 in 2018, and nearly six billion API calls were made to servers in the UK, compared with just 66.8 million in 2018.

After three years of the UK’s open banking regulation, the OBIE also revealed that about 300 fintech firms currently offer open banking services and 2.5 million consumers use them, with hundreds of thousands of new users added each month.

In January 2018, banks were required to implement the Competition and Markets Authority’s (CMA) Open Banking regulations. This led to the development of APIs in banking to give consumers more control over accounts. Through

Read More

Bahrain hopes 5G roll-out will attract more tech firms to its shores

Bahrain has completed the roll-out of 5G as part of its strategy to diversify its economy and reduce its reliance on oil and gas.

Two of three mobile operators in the country have now achieved full 5G coverage to its population.

The tiny Middle Eastern island state, with a population of just 1.5 million, wants to attract more tech companies to its shores with the promise of the optimum IT infrastructure and a gateway to the Middle East region.

Bahrain’s telecoms sector attracted more than $2bn investment between 2009 and 2019 as part of its economic diversification and its ICT sector now accounts for nearly 3% of its national gross domestic product.

One of the advantages of Bahrain is its favourable business environment. It offers a tried-and-tested legal and regulatory environment and has minimal restrictions on foreign ownership.

Bahrain also has a respected financial services sector with more than four

Read More

Used smartphone sales to dial in near double-digit growth in 2020

In contrast to recent revenue and shipment declines in the new smartphone market, with minimal growth expected over the next few years, the used market shows no signs of slowing down across all parts of the globe, according to research from IDC.

In its Worldwide used smartphone forecast, 2020-2024 report, an overview and five-year forecast of the worldwide refurbished phone market and its expansion and growth, the analyst defines a refurbished smartphone as a device that has been used and disposed of at a collection point by its owner, sent off to a facility for reconditioning and eventually sold via a secondary market channel. It stresses that a refurbished smartphone is not a “hand me down” or gained as the result of a person-to-person sale or trade.

Based on that definition, IDC expects worldwide shipments of used smartphones, including both officially refurbished and used smartphones, to have reached a total

Read More

‘Litany’ of UK government failures in gigabit broadband roll-out

In a scathing criticism of the ability of the UK government, the UK’s Public Accounts Committee (PAC) has slammed the Department for Digital, Culture, Media and Sport (DCMS) for a mass of general failures in its plans to roll out gigabit-capable broadband by 2025, further warning of digital inequality compounding the economic inequality “harshly” exposed by Covid-19.

Just after the Conservatives’ General Election victory in December 2019, the government outlined plans to make good on prime minister Boris Johnson’s pledge to work towards “delivering full-fibre [broadband] to every home in the land” by 2025, and then chancellor Sajid Javid committed £5bn of public funding to “support the roll-out of full-fibre, 5G and other gigabit-capable networks to the hardest-to-reach 20% of the country.”

However, by November 2020, the UK government began backtracking on its ambitious targets. When announcing his Spending Review in late November 2020, chancellor Rishi Sunak confirmed that

Read More