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According to IMARC Groupâs latest report, titled âSoftware Defined Radio Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,â the global software defined radio market reached a value of US$ 27.4 Billion in 2020.
Looking forward, the market is expected to exhibit moderate growth during 2021-2026.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.The software-defined radio (SDR) stands for a radio frequency communication tool that performs signal-processing functions using a computer's software.
SDR works at a broad frequency range by default, along with being re-configurable pertaining to multiple radios with a single unit.
Furthermore, it also provides enhanced agility, cost-efficiency, and interoperability to the user.Get Sample Report with Detail COVID-19 Impact Analysis - https://www.imarcgroup.com/software-defined-radio-market/requestsampleMarket TrendsThe rising military modernization and enhanced situational awareness have led to the increased demand for advanced communication systems, such as SDRs, in the military sector.
Furthermore, the telecommunication industry is widely integrating SDR with Network Function Virtualization (NFV) to meet the growing demand for more stable connections and high-speed data.