Telecom And Wireless Markets Update

The cyber insurance market   is progressing due to the increasing criminalization of the internet, significant cyber-attack risk to the supply chain, and strict regulations regarding cyber security. The market valued at $3,416.4 million in 2016, and it is projected to grow at an over 20.0% CAGR during the forecast period (2017 – 2023). Cyber insurance helps minimize the damage caused by internet-based risks, generally relating to the information technology (IT) infrastructure and activities. Cyber insurance policies include first-party coverage against extortion, denial of service (DoS) attacks, data destruction, theft, and hacking. DoS attacks, which attempt to deter legitimate users from accessing the information system, are trending in the cyber insurance market.  The major purpose of these attacks is to disrupt the revenue generation channel. They have impacted many big and small businesses, such as Dyn, a service provider, which was impacted by the distributed den...

The growing need for higher bandwidth in the light of rising internet users and increasing data traffic is notable in the optical networking and communication sector . Further, the surging dependence of economies and businesses on smooth connectivity is leading to the growing requirement for higher bandwidth, which, as a result, is transforming the domain globally. Optical networking is widely being adopted due to the widespread commercial and consumer necessity for faster internet services. Furthermore, a significant use of high-data-rate applications is resulting in the growth of the domain. Also, the increasing number of smartphone users and data centers and the escalating the use of data-intensive application across the world are propelling the growth of the sector. With the rising adoption of internet of things (IoT), strong network capacity has become quite important. Additionally, the surging number of connected devices, coupled with the adoption of data-intensive applic...