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This growth comes after a slight decline in shipments in the second quarter of 2024, when the market felt pressure from global economic challenges, including increased costs of living and inflation.

A recent report from McKinsey projects that Europe’s data center power consumption could almost triple by 2030, highlighting a pressing need for increased low-carbon electricity supplies and significant upgrades to grid infrastructure.

The Croatian Regulatory Authority for Network Industries has published its latest analysis of the telecommunications market for Q2 2024.

The transformation of the smartphone industry is on the horizon, writes IDC.

The rising use of IoT across various sectors, such as healthcare, manufacturing, and smart cities, is further driving the demand for advanced 5G chipsets.

This is proof of the significant challenges the company faces in dealing with growing competition from domestic brands and economic obstacles. Despite this, the company continues its efforts to adapt and maintain its share in this key market.

The report found that 70% of Europeans subscribe to streaming video on demand (SVOD) services, outpacing subscriptions to retail (44%), music (34%), and food services (19%).

This anticipated growth signals a positive trend in consumer demand, marking a recovery from the challenging market conditions of recent years.

Global smartphone shipments experienced robust growth in the first quarter of 2024, increasing by 11% compared to the previous year, according to the latest research from Canalys. This surge in shipments reflects a resurgence in consumer demand as the global economy continues to recover from the impacts of the pandemic.

According to the organization 5G Americas and data from the analyst firm Omdia, the global adoption of 5G connections soared in 2023, reaching a staggering 1.76 billion, with an impressive addition of 700 million connections.