[3/11/2019]: The global In-Building Wireless Market is expected to display higher growth rate over the next
seven years. Rapid surge in in-building wireless industry is credited to the
expansion of the telecommunication market and rise in the use of smartphones.
The other factors driving the growth of market are high-end requirement of
wireless sensor networks for building smart infrastructure, constant need for
low power wide area (LPWA) systems in IoT-based applications, marginal increase
in the use of Wi-Fi, and ever increasing adoption of IoT-based applications.
Furthermore,
large-scale investment in research & development for the Internet of
Things, rising requirement for cross domain applications, and large-scale
implantation of Wi-Fi in private as well as enterprise sectors, provides key
opportunities for the expansion of market during the forecast period. Globally,
in-building wireless market is predicted to generate massive revenue over the
next seven years, providing numerous opportunities for industry participants to
invest in research and development of in-building wireless solutions.
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Wireless
connectivity is a broad term, incorporating all functions and methods for
connection and communication among multiple devices via a wireless signal. The
communication and connection is carried with help of different technologies.
Along with the revolution of the wireless technology, number of effective
feature get added, resulting in the expansion of the market across various
private and enterprise-level sectors.
The
wireless communication does not require excess of infrastructure such as the
connecting wires, connecting ports, and power sources. Due to which substantial
cost is reduced, unlike wired communication where infrastructure is necessary
for successful execution of the communications. Wireless solutions allow users
to interconnect irrespective of their location. Other advantages provided by
wireless communications include flexibility, convenience, speed, easy
accessibility and constant connectivity.
Asia-Pacific
region is estimated to hold a major share in the in-building wireless market
with massive growth in forecast period. Countries such as India, China and
Singapore are leading the Asia-Pacific market with strong economic growth,
rising infrastructural activities, and significant investment by leading
industry players considering potential growth opportunities in the region. The
key players in the in-building wireless industry are Cobham plc, Alcatel-Lucent
Enterprise International, Inc., Smiths Group plc, Corning Inc., AT&T Inc.,
Verizon Communication Inc., Anixter Inc., TE Connectivity Ltd., Commscope Inc.,
and Ericsson.
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