Press release
Wireless Infrastructure Market Size to Reach 102.67 Billion by 2023 with Market Key Players - Qualcomm Technologies, Inc. (USA); Huawei Technologies Co., Ltd. (Shenzhen, Guangdong); Ericsson (Sweden); Samsung (Japan); and ZTE Corporation (China). In Octob
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.
Browse details of 127 number of pages research report developed Wireless Infrastructure Market @ https://www.researchcosmos.com/reports/wireless-infrastructure-market-by-technology-global-industry-analysis-and-forecast-to-2023/41809461
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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