Wireless
Infrastructure Market Size and Growth Rate:
The
Global Wireless Infrastructure Market Size was valued at USD
72.44 billion in 2017 and is expected to reach approximately USD 102.67 billion
by 2023 while registering itself at a compound annual growth rate (CAGR) of
5.68% during the forecast period 2018-2023.
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Wireless
Infrastructure Market Drivers and Restraints:
The predicted growth of wireless
network technology and related devices is also due to current trends in BYOD,
WYOD, cloud computing and artificial intelligence (AI) in telecommunications
applications. With the growing network and technology infrastructure between
different industries, the demand for high-speed transmission and connectivity
has increased significantly.
Problems associated with high R &
D expenditure are expected to hinder market growth over the forecast period.
The manufacturers of network components are subject to certain limitations in
their manufacturing processes due to their intellectual property, copyright and
patent limitations.
The expansion of network and
technology infrastructure between different industries in the industry has had
a positive impact on the demand for transmission and the high-speed data
connection. Government sectors and IT and telecommunications companies around
the world are rapidly deploying telecommunications and wireless networking
solutions to streamline their daily tasks and reach them from remote locations.
Wireless
Infrastructure Market Geographical Segmentation:
The Asia-Pacific region is expected to
show the highest growth rate over the forecast period. This is due to a greater
emphasis on cost reduction strategies and the demand for cooperation in the
region. Business Process Outsourcing (BPO), Banking, Financial Services and
Insurance (BFSI), Government, Telecommunications, Logistics, and Hospitality,
are moving towards sophisticated communications to facilitate collaboration and
efficient communication. The increasing use of wireless infrastructure also
reduces the costs of international and domestic travel as new technologies such
as unified communications are deployed.
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Regions such as Asia-Pacific, South
America and MEA, where digitization and Internet usage are growing rapidly, further
growth in wireless infrastructure is expected over the forecast period.
Singapore and Hong Kong are contributing significantly to regional growth in
the rest of the APAC area. It is expected that the favourable regulatory
environment of the European Union will play a crucial role in the development
of the regional market. The US, Spain and France are expected to grow faster
than the global average. It is estimated that data services are key services
that drive growth in the coming years.
Keyplayers
of the Wireless Infrastructure Market:
Major market participants include
Qualcomm Technologies, Inc. (USA); Huawei Technologies Co., Ltd. (Shenzhen,
Guangdong); Ericsson (Sweden); Samsung (Japan); and ZTE Corporation (China). In
October 2016, Qualcomm, Inc. acquired NXP Semiconductors N.V. (Netherlands),
provider of electronic semiconductor products for mixed-signal, which allowed
Qualcomm to expand the mobile technology segment.
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