New Report Estimates Far-Reaching 5G Return-On-Investment Technology Market Will Reach $320.1 Billion By 2026, Growing At CAGR Of 132.8%; iQSTEL Innovates In 5G Telecommuni-cations/Technology
A new report from Allied Market Research projects that the 5G technology return-on-investment market will hit $320.1 billion by 2026, growing at a CAGR rate of 132.8% from its $2.0 billion in 2020. Internet of Things (IoT), Virtual and Augmented Reality, High Speed Mobile Broadband, Blockchain and Artificial Intelligence (AI) are expected to impact remote precision healthcare, energy, education and transportation. Large multi-national corporations are involved, but players such as iQSTEL (OTC: IQST) are also key as they innovate with software apps such as the one developed by its IoT Labs MX SAPI subsidiary. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application offering industry remote monitoring adaptable to virtually any gas or liquid storage tank. It improves logistically refilling and tracking tank levels for industry in real time by GSM via mobile app.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).
New Report Estimates Far-Reaching 5G Return-On-Investment Technology Market Will Reach $320.1 Billion By 2026, Growing At CAGR Of 132.8%; iQSTEL (OTC: IQST) Innovates In 5G Telecommunications/Technology
The Allied Report titled “5G Technology Return On Investment Market” defines the ways 5G will impact industry in the future. AS 5G networks are completed and bring dramatically faster speeds to industry and innovations such as self-driving cars, AI factories and remote precision healthcare, The Report notes that the introduction of 5G may be hampered short-term by the lack of frequency bands and infrastructure. But Allied remains optimistic about the long-term impact on industrial and commercial applications in these industries. It says the Asia-Pacific region today is fastest-growing in 5G, with North America second — specifically, South Korea, China and the U.S. are leading in the deployment of 5G technology, it said.
The 5G Impact Of iQSTEL Inc. (OTC: IQST)
Niche players can offer innovative services/products in the 5G world in both communications and other industrial/commercial applications. One example is iQSTEL Inc. (OTC: IQST) and its recent subsidiary acquisition of Mexican-based IoT Labs Mx SAPI. This company developed a commercially-applicable IoT Smart Gas Platform which consists of an IoT field device installed on the LP gas tank. It is adaptable to virtually any gas or liquid storage tank. It is suitable for any gas or liquid such as LPG, beverages, beer, milk, chemical products, gasoline or gases.
Using Sigfox or GSM network connectivity, it allows for automated remote smart management and improved logistics of refilling, usage tracking, and tank monitoring in 24/7 real time via the Smart Gas mobile app. The result is improved GSM tracking and refill logistics efficiency for industry for ground, air and sea tank monitoring. It optimizes truck refilling and reduces human contact at this time of COVID-19. This is a high tech product applicable to industry using the most sophisticated IoT technology. Learn more about it at www.iotsmartgas.com.
iQSTEL, Inc.’s (OTC: IQST) A Leader In SMS Operations, Seen As Growing Internationally
5G is a competitive but lucrative market. Innovative and technological telecommunications players such as iQSTEL, Inc.’s (OTC: IQST) can serve an important role in developing a larger worldwide geographic footprint, gaining new opportunities with its blockchain-driven and artificial intelligence-based products and services and alliances with top tier telecom providers globally.
Grandview Research finds that the US SMS market alone is expected to exceed $12 Billion by 2025, representing an increase of some 150% compared to 2020. In an earlier press release on its Q2 2020 financials, iQSTEL, Inc. (OTC: IQST) reported that SMS operations represented some 65% of its revenue stream. Its revenue comes largely from a high-growth industry.
iQSTEL, Inc.’s (OTC: IQST) Bright Outlook For Q3 And Q4 Performance
Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “Our growth during 2020 has been phenomenal and is attributed to our focus on strong carrier agreements and strategic subsidiary acquisitions. While COVID-19 has significantly impacted the global economy, we have seen our revenues continue to increase as we facilitate connectivity across the telecom marketplace. The re-opening of various global economies has further increased these beyond expectations.”
He added, “All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary developments leading in to 2021.”
Most recently, he said that the Company’s July 2020 sales of $4.3 million, a 290% jump from the comparable period the prior year, leads the Company’s optimism that its Q3 2020 sales can exceed the $11.1 million volume it achieved in Q2 2020. “Our July numbers have us on track to surpass the just released Q2 figures,” Mr. Iglesias said. New Report Estimates Far-Reaching 5G Return-On-Investment Technology Market Will Reach $320.1 Billion By 2026, Growing At CAGR Of 132.8%; iQSTEL (OTC: IQST) Innovates In 5G Telecommunications/Technology.
iQSTEL, Inc.’s (OTC: IQST) Grows Its Global Footprint
iQSTEL, Inc.’s (OTC: IQST) footprint now includes the U.S., Latin America, Mexico, Europe and other global regions. Reported solid financial performance 2020 promises to be a forerunner of more sharp gains ahead. iQSTEL, Inc. (OTC: IQST) reported jumps in both volume and net income in 2020. Sales jumped by 90% to $16.1 million for the first half YTD 2020 and it reported a spike in net income to $1.2+ Million for Q2 2020. All operating subsidiaries of the 21st Century enhanced telecommunications service provider generated positive net income for the parent Company. These subsidiaries included: Etelix, SwissLink, QGlobal and IoT Labs. All showed a positive net income for the Q2 2020 reporting period. New Report Estimates Far-Reaching 5G Return-On-Investment Technology Market Will Reach $320.1 Billion By 2026, Growing At CAGR Of 132.8%; iQSTEL (OTC: IQST) Innovates In 5G Telecommunications/Technology
iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Stock Market Press
110 Wall St.
New York, NY 10005 email@example.com
Safe Harbor Statement: Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press