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Explore at CAGR 16.6% cognitive radio market reaching $ 7.44 billion by 2023

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The report segments the market into various subsegments, there by covering the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across different components, applications, end-users, and regions.

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The cognitive radio market is expected to grow from USD 3.45 billion in 2017 to USD 7.44 billion by 2022, at a CAGR of 16.6% during the forecast period.

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The key players in the Cognitive Radio Market include – BAE Systems (London, UK), Raytheon Company (Massachusetts, US), Thales Group (Paris, France), Rhode & Schwarz (Munich, Germany), Spectrum Signal Processing (Burnaby, Canada), xG Technology (Florida, US), Nutaq (Quebec, Canada), Ettus Research (California, US), Shared Spectrum Company (Virginia, US), Data Soft (Arizona, US), EpiSys Science (California, US), and Kyynel (Oulu, Finland).

The cognitive radio market has been segmented on the basis of components, applications, end-users, and regions. On the basis of components, the market is segmented into software tools, hardware, and services.

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The software tools segment includes radio control and reconfiguration tools, spectrum analyzer, and policy and configuration database manager. The hardware segment consists of transmitter and receiver.

The services offered in the cognitive radio market include professional and managed services. Based on applications, the market is segmented into spectrum sensing, spectrum analysis, spectrum allocation, location tracking, and cognitive routing.

The end-user segment comprises government and defense, telecommunication, transportation, and others. On the basis of regions, the cognitive radio market is segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

North America is further segmented into the United States (US) and Canada. Europe includes Germany, France, Italy, and Rest of Europe.

APAC consists of China, Japan, and Rest of APAC. MEA is segmented into the Middle East and Africa.

Latin America comprises Brazil and Rest of Latin America

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The cognitive radio market is expected to grow from USD 3.45 billion in 2017 to USD 7.44 billion by 2022, at a CAGR of 16.6% during the forecast period. Technological advancements in the wireless communication field, optimized spectrum utilization, and the increasing adoption of the 5G technology are some of the major driving factors for the growth of the cognitive radio market across the globe.

The major issues faced by most of the organizations while incorporating the cognitive radio technology in the wireless communication ecosystem are security concerns, dynamic communication standards, and issues related to interoperability.

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The services segment in the cognitive radio market includes professional and managed services. The majority of the companies do not have the expertise to successfully manage their infrastructure.

Therefore, they outsource these services to third-party partners to maintain the required level of security and safety. The growth of the professional services segment is mainly governed by the complexity of operations and increasing deployment of the cognitive radio technology in the wireless communication ecosystem.  

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