Wireless Infrastructure Market worth USD 102.67 billion by 2023

Wireless Infrastructure Market Analysis Size, Growth rate and Overview:

Wireless Infrastructure Market was valued at USD 72.44 billion in 2017 and is expected to reach almost USD 102.67 billion by the end of 2023, growing at a CAGR of around 5.68% over the predicted period.

The expected growth of wireless technology and associated devices is leading to the ongoing trends of BYOD, cloud computing, WYOD and artificial intelligence in the telecom sectors. With the evolving technology infrastructure in different industry demand for wireless. Growing demand for enterprise mobility is expected to favourably impact the market, particularly in the telecom application area, over the forecast period. 

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Wireless Infrastructure Market Key Drivers, Challenges, and Opportunities:

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.

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Wireless Infrastructure Market – Regional Presence:

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.

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.

Some of the Key Players Profiled in this Wireless Infrastructure Market Report are:

Qualcomm Technologies, Inc., Huawei Technologies Co., Ltd., Ericsson, Samsung, and ZTE Corporation. In October 2016, Qualcomm, Inc. acquired NXP Semiconductors N.V.

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