The need for rapid integration and iterative processing with the colossal amounts of data produced across the globe is one of the major factors driving the AI in workspace market. Iincreasing demand for smart devices is also contributing towards the AI in workspace market growth over the review period.
Significant financial support from governments across the world for R&D in the Internet of Things, emerging needs for cross-domain applications, and proliferation of Wi-Fi as wireless connectivity standard in consumer and enterprise sectors are some major opportunities for the growth of the market.
Increasing the adoption of smart devices and rising data traffic has spurred growth of the optical transceiver market. Other drivers for the optical transceiver industry growth include growing demand for cloud computing applications and the increasing requirement for compact and energy-efficient transceivers.
The network slicing market is expected to gain traction due to the rise in demand for high-speed and large network coverage, increased growth in mobile data traffic volumes, increase in demand for broadband services over mobile network, and growing demand for the virtualization of networks.