Press release
Continual Inventions To Accelerate The Next Generation Wireless Network Market
With the growing IoT (Internet of Things) connectivity, more services are emerging. In the low power wide area network, two services Sigfox and LoRa technology are reinventing the connectivity for IoT to bring down cost and energy consumption drastically. Both the technology are for uplink only transmissions with many end points. Another technology RPMA (Random Phase Multiple Access) is developed which has excellent upload and download capacity and coverage.
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Wireless Technology is used in various applications like GPS, cellular phones, Home entertainment system control boxes, satellite television, wireless LAN and many others.
The factors driving the market of next generation wireless network are high speed, low prices and increasing applications and usage. Also, internet of things is driving the growth of the market massively. These next generation wireless network also provides more coverage and secured access than existing networks.
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The increasing applications of wireless technology like self-driving cars, drones, household appliances and industrial machines are significantly influencing the market growth of next generation wireless network.
The significant challenges faced in the next generation wireless network market are the trade between the flexibility of use and the platforms. Interoperability with existing technology, compatibility issues with old devices and high initial investment are some of the challenges hampering the growth of next generation wireless network.
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Next Generation Wireless Network Market: Segmentation
based on the type of wireless network
Fixed wireless
Mobile wireless
Portable wireless
IR wireless
based on end users
Telecommunications
Healthcare
Banking
IT services
Automotive
Security systems
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The key players in the next generation wireless network market are Qualcomm Technologies, Inc., IBM Corporation, Cisco Systems, Inc., AT&T Inc., Idea cellular, Nokia Corporation, Semtech Corporation, Sigfox technology, Verizon Digital Media Services and T-Mobile International AG.
By geography, the market of next generation wireless network is largest in North America since many large companies like Qualcomm Technologies, Cisco Systems, Inc., AT&T Inc., are investing in next generation wireless network due to the high availability of bandwidth, the growth of IoT in the region and wide network coverage. Asia Pacific region is also expected to grow since many companies in this region are investing in their next generation wireless network research and development.
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