Press release
Wireless Connectivity Market to Witness Exponential Growth by 2027
Wireless Connectivity Market: Drivers and Challenges
Major factors driving the wireless connectivity market include rise in adoption of Internet of Things (IoT) and cloud computing, increase in demand for smart phones and other wireless technology devices such as Wi-Fi, Bluetooth and ZigBee, growth in connectivity of the internet and rapid increase in demand for low-power wide-area (LPWA) networks.
Few of the challenges faced by wireless connectivity market are lack of uniform communication principles, intervention with other electromagnetic sources, layered structure, and physical object that is hampering the growth of wireless connectivity technology. In addition to this, requirement of enhanced security of information and concession among features such as power consumption, data rates, and range for numerous wireless technologies are also negatively impacting the growth of wireless connectivity market.
Wireless Connectivity Market: Key Players
Few of the companies in wireless connectivity market are: Qualcomm Technologies, Inc., Intel Corporation, Texas Instruments Incorporated, NXP Semiconductors N.V., Panasonic Corporation, Nexcom International Co., Ltd. and Atmel Corporation. Some of these companies have acquired SME’s which are into wireless connectivity solutions in order to strengthen their position in the wireless connectivity market.
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Wireless Connectivity Market: Regional Overview
Wireless connectivity market is currently dominated by North America region owing to technological advancements in the region; especially by US and Canada as they offer vast potential for application of internet of things (IoT). Asia Pacific region is fast picking up pace in the wireless connectivity market owing to several government initiatives taken by countries such as India, China and Japan in the field of electronics and telecommunications.
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