Wireless Broadband Market Outlook To 2024
The global wireless broadband market was valued at $10.6bn in 2016 and is forecast to grow at a strongCAGR of 10.6% between 2017 and 2024, culminating to global revenue of $23.5bn by 2024.
Industry at a Glance
With growing social media communication, the industry witnessed immense need to resolve communication-related challenges resulting in the adoption of wireless broadband both in the commercial and residential sector. The last decade saw the social effects of the "digital divide" which became a stark reality. Communities are increasingly being connected so that people have the prospect to contribute in society and grow their careers.
While connectivity at every enterprise and residence is complicated to achieve, schools and communities are offering the capacity for public to connect at local hub locations. Additionally, governments worldwide and leading players in the IT industry actively seek to connect the unconnected. Key service providers emphasize on getting internet access to underserved localities by developing innovative and affordable technologies that are simple to deploy.
Wireless is anticipated to be a preferred connectivity solution that offers benefits including cost effective and high speed. With elevating demand for technology convergence, the global wireless broadband market is expected to propel significantly over the next few years. Service providers expand their market presence by integrating innovative technologies into their network footprint and offering new services to penetrate into new markets.
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Key findings from the study: -
o The global wireless broadband market was valued at $10.6bn in 2016 and is forecast to grow at a strong CAGR of 10.6% between 2017 and 2024, culminating to global revenue of $23.5bn by 2024.
o While connectivity at every enterprise and residence is complicated to achieve, schools and communities are offering the capacity for public to connect at local hub locations.
o The industry is witnessing an increasing number of companies entering the market with innovative products and services to penetrate into the market.
o The commercial application segment accounted for a bulk portion of the overall market share in 2016 and is anticipated to witness significant growth over the coming years on account of growing number of start-ups and small enterprises entering the market.
Ameri Research has segmented the Wireless Broadband Market by material categories, product type, end-use and region:
Wireless Broadband Market, by Technology (Revenue, USD Billion
o LMDS (Local Multipoint Distribution System)
o MMDS (Multichannel Multipoint Distribution System)
o PCS (Personal Communication System)
Wireless Broadband Market, by Application (Revenue, USD Billion)
Wireless Broadband Market, by Region (Revenue, USD Billion)
o North America
o Asia Pacific
o Latin America
o Middle East & Africa
o Saudi Arabia
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