Residential consumers are expected to generate significant demand for high-speed, low-cost internet, paving the way for the development of FWA technologies. Furthermore, favorable initiatives taken by market participants are expected to provide a significant boost to the market during the forecast period.

While nothing is certain in today’s ever-changing tech-centric business climate, industry leaders and the data say the same thing: Fintech innovation and growth will continue trending upward for the foreseeable future. 

The increased acceptance of innovative technologies, such as IoT and cloud, for digital twin applications, and attractive digital twin prospects in industries, such as aerospace and defense, health care, and automotive and transportation, are driving demand for electrical digital twins.

There is extensive reliance on IaaS-, SaaS-, and PaaS-based solutions, providing significant impetus to market growth for cloud computing.