当前，全球新一轮科技革命和产业变革正在加速演进，人工智能（AI）、VR/AR、三维（3D）媒体和物联网等新一代信息通信技术的广泛应用产生了巨大的传输数据。资料显示，2010 年全球移动数据流量为7.462EB/ 月，预计到2030 年，这一数字将达到5016EB/ 月，移动数据流量的快速增长对移动通信系统的迭代提出了更高的要求。当前，5G 已经在全球范围内开始大规模部署。5G 与4G 相比，能够提供新功能并实现更好的服务质量（QoS）。尽管如此，以数据为中心的智能化系统的快速增长对5G 无线系统的能力带来了巨大挑战。例如要保证虚拟现实（VR）设备良好的用户体验，至少需要10Gbps 的数据速率，这已经是超越5G（B5G）后才能实现的目标。

Big data describes a large volume of data that is used to reveal patterns, trends, and associations, especially relating to human behavior and interactions. For the retail industry, big data is used for a greater understanding of consumer shopping habits and how to attract new customers. Big data analytics in retail enables companies to create customer recommendations based on their purchase history, resulting in personalized shopping experiences. These big data analytics solutions also help in forecasting trends and making strategic decisions based on market analysis. This report features information on big data analytics in retail and services offered by key vendors. Furthermore, it highlights the strategies adopted by key market players to improve the market share and sustain competition. Key players profiled in the market include Alteryx Inc., IBM, Microsoft, Microstrategy Inc., Oracle Corporation, Qlik Technologies Inc., RetailNext, SAP SE, SAS institute, and Teradata.

The IoT in oil and gas market comprises major companies providing solutions, platform, automation system, and others. This chapter details the latest strategies and developments adopted by the key market players in the IoT in oil and gas market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products.

Peer-to-peer lending (P2P) refers to the practice of lending loan to individual from another individual without any the involvement of bank or financial institution. The key objective of P2P lending is to boost the returns for lenders and to reduce the rate of interest for borrowers. The global P2P lending market includes the types of lending services, business models, and the end users in the market. An in-depth analysis of P2P lending services and their revenue across North America, Europe, Asia-Pacific, and LAMEA have been included in the report. Key drivers, restraints, and opportunities and their impact analysis on the global peer-to-peer lending market size are covered in the report. Furthermore, it highlights the strategies of key players to improve the market share and sustain competition. Key players operating in the market include Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, On Deck Capital, Inc., Prosper Marketplace Inc., RateSetter, Social Finance Inc., and Zopa Limited.

One of the issues with the popular wireless standards currently is that they either have very limited bandwidth (e.g. Bluetooth), or they’re subject to inconsistent performance, due to interference and congestion (e.g. Wi-Fi). There are, however, newer standards emerging, such as 802.22ad or WiGig that aim to solve both the problems for short-range communication between devices. In order to complement the enhancements to Wi-Fi Cer tified ac, Wi-Fi Alliance introduced Wi-Fi Certified WiGigin 2009 to accelerate the commercial availability of WiGig devices. As it operates in the less-crowded 60 GHz frequency band, WiGig enables extremely high-performance multigigabit connectivity and low latency for a range of applications, such as wireless docking, augmented reality/virtual reality (AR/VR), multimedia streaming, gaming, and networking. The standard introduced many prominent features, like narrow beam forming technology, which is a method of directing the transmission signals to the direction of the receiving device to reduce interference. Due to the advent of Internet-of-Things (IoT) and machine type communication (MTC), an exponential growth in wireless traffic is expected in the near future. This would mean an increase in current bandwidth assuming the same spectrum efficiency. For instance, the industrial, scientific and medical (ISM) RF band in the 5.4 GHz region is approximately 500 MHz, and this is mainly used by wireless fidelity (WiFi). This bandwidth is already getting saturated, which is one of the driving forces of WiGig.

本周计算机行业(中信)指数上涨3.09%，沪深300 指数上涨2.04%，创业板指数上涨3.81%。本周我们梳理了工业软件的行业情况，目前我国工业软件国产化空间较大，研发设计软件、信息管理软件、生产控制软件、嵌入式软件均为不错的赛道；同时工业互联网平台也有较大空间，关注用友网络、金蝶国际、广联达、鼎捷软件、宝信软件、东方国信等，详见正文。

投资建议：推荐猫眼票务平台及龙头内容和院线公司。国庆档是2020年是迟来的“春节档”，多部重要影片上映提振观影热度、加速行业复苏。若未来疫情持续有效控制，更多优质影片定档，上座率逐步放开至100%，Q4 或将恢复至疫情前水平。而在疫情影响下，行业加速出清或将带来电影行业更为集中的局面。

市场整体情况：纵观近期走势，沪指4 日累计上涨1.64%，深成指4 日累计上涨3.71%，创业板指4 日累计上涨5.22%。申万行业口径下，通信板块本周上涨1.98%。通信细分板块，通信终端本周景气度最高，实现周涨幅3.71%。

本月至今（2020.10.01-2020.10.14）Wind 云计算指数上涨5.43%，同期通信（中信）指数上涨4.64%，沪深300 上涨4.79%，创业板指上涨7.36%。本期专题我们重点分析C 端互联网市场未来对数据资源的需求潜力、增长动力以及对IDC 行业发展的驱动。我们认为除云计算外，短视频等垂直领域新玩家的崛起将带动对基础设施的需求，用户使用时长增长以及业务边界拓展是带动数据需求的关键，持续看好绑定头部互联网公司需求的IDC厂商。投资建议方面，重点推荐奥飞数据、数据港、光环新网、特发信息。

前三季度板块表现：板块回调，估值下修。整体来看，通信板前三季度累计涨幅为-1.42%，在所有行业中排名第21。行业估值PE 在7 月初到达局部高点后，整体进入下行调整阶段。截止到9 月30 日，通信板块估值PE 为40 倍。

后疫情时代电商整体渗透率加速，两年内整体线上渗透率有望达到30%，赛道呈现高景气。疫情加速了电商行业整体的渗透率，使整体渗透率提升。后疫情时代，消费回暖加速，8 月社零总额同比增长0.5%，环比提升1.6pct，为今年以来首次正增长。2020 年1-8 月实物商品网上零售额58,651 亿元，同比增长15.8%，较1-7 月提升0.1pct。

随着国内疫情缓解，流动性带来的估值提升效应减弱，加之国庆期间美国对中国诸多科技企业打压声音不断，市场对科技板块风险偏好降低。但是考虑到目前市场悲观预期充分，若美国方面出现出口管制边际改善的因素，可能构成科技板块阶段性反弹。

2019 年为我国 5G 商用元年，2020 年进入5G 建设加速期，主设备商受益确定性强， 建议关注中兴通讯（ 000063.SZ ） 和烽火通信（600498.SH）。此外，光纤光缆和基站需求有望随 5G 建网周期的开启而回升， 建议关注估值具有安全边际的弹性标的中天科技（600522.SH），亨通光电（600487.SH）。