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Asia/Pacific (excluding Japan) (APEJ) spending on augmented reality (AR) and virtual reality (VR) technologies will grow with a CAGR of 42.4% from 2021 to 26 and reach $16.6 billion by 2026, according to a report by the IDC. The penetration of the wireless-first strategy amongst enterprises, industries, and public sector organizations will drive AR/VR technology investment. However, from a retail consumer perspective, there is a lack of consumer-friendly AR/VR technology, which will change over the next couple of years. Vendors will improve VR goggles and AR for smart glasses and phones, and disrupt augmented audio technology, thereby offering promising growth opportunities to the consumer market.

Read more: APEJ AR/VR Spending to Reach $16.6b by 2026

China's economy has been battered by the fallout from strict COVID-19 curbs including lockdowns and transport restrictions that have kept consumers home, pushed up unemployment, and tangled supply chains. Alibaba has also had to contend with a wide-ranging regulatory crackdown on alleged anti-competitive practices by China's tech giants.

Read more: A Tech Crackdown Hits Alibaba Profit by Nearly 60%

A new GSMA report warns market imbalances between network operators and online services providers may put global growth prospects at risk across multiple sectors of the internet-based economy. The report urges that policymakers must consider the interdependence of online services and other growth sectors on the underlying infrastructure investment.

Read more: Market Imbalances to Cause Internet Value Chain Growth to Plateau

From 31 May to 3 June, Singapore is hosting Asia Tech x Singapore (ATxSG), Asia’s flagship technology event that convenes global leaders and decision-makers across the technological ecosystem to debate and address opportunities and challenges as the world taps into the potential of digital to power the next bound of global economic growth while building an inclusive digital future. 

Read more: Singapore to Host Largest Tech Event since Borders Reopen

Telecom Review Asia Pacific is a premier digital media platform covering the telecommunications and ICT industries in the Asia Pacific region. With its interactive and up-to-date website - www.telecomreviewasia.com - and fortnightly newsletters, Telecom Review Asia Pacific relays the latest news, insight and intelligence on the industry.

Read more: Stay connected to Asia Pacific’s telecom industry

The revenue for Indian public cloud services (PCS) market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), totaled $4.6 billion for 2021. The overall Indian public cloud services market is expected to reach $13.5 billion by 2026, growing at a CAGR of 24% for 2021 to 2026.

Read more: India’s Public Cloud Services Market To Grow At 24% CAGR

Another move that could affect the ongoing technological Cold War has been done when Canadian Industry Minister Francois-Philippe Champagne made the announcement of Ottawa's "intention to prohibit the inclusion of Huawei and ZTE products and services in Canada's telecommunication systems."

Read more: Canada 5G Ban: An 'unfortunate political decision'

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