Wireless Connectivity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024


Transparency Market Research

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The global wireless connectivity market is expected to surge in the upcoming years at a robust rate, thanks to the ever evolving technologies. The growing digitalization across the world is leading to smart world that are integrated through wireless technology. Emergence of smart cities is expected to lay the road to the expansion of the global wireless connectivity market.

Hybrid Cloud Models for Digital Business to Promote Wireless Connectivity Market

  • The wireless connectivity has led the businesses to go digital to keep the pace with the market evolution, in terms of technology. Almost all the business is getting ready to embrace hybrid clouds to deal with its complex and enormous data. This might lead to the growth avenues in the global wireless connectivity market.
  • This allows the companies to keep the confidential and sensitive data to themselves, which is on premise. This is because it offers software centric consolidation that makes them agile, flexible, and scalable.Such an emerging trend across the various sectors may aid in the growth of the global connectivity market.

Millimetres Waves to Boost Growth

  • A lot of potential in wireless connectivity remains unused such as frequencies above the spectrum of 60GHz. However, the falling component prices, easy usage of these components, and emergence of 5G networks are expected to improve the spectrum for licensing. As we know, it is the spectrum that plays an important role in wireless connectivity; this may expand growth avenues in the global wireless connectivity market during the forecast period.
  • The growing trends can bring in a lot of competition  among the telecom giants and they may adopt various growth strategies to enter the regional markets across the world and cash in on the situation, in terms of latest trends.

Wireless connectivity is a technique used by homes, communication networks, and enterprise connections to reduce complex cable networks across buildings. Wireless connectivity equipment is deep rooted in many electrical device markets. WiFi, Bluetooth, and GPS are becoming universal for certain devices such as smart phones and mobile phones. Besides this, wireless connectivity is also required in applications in Internet of Things (IoT), ranging from control devices and gateways to cloud. Wireless connectivity is used by IoT devices to enable an access point through which communication and data transfer between two devices can take place. Collaborations and partnerships is one of the major trends in the wireless connectivity market. For instance, partnerships between ZigBee and other organizations such as EnOcean GmbH are anticipated to drive the self-powered energy harvesting internet-of-things devices in areas such as building automation and home automation.

Major factors driving the global wireless connectivity market include rise in adoption of IoT and cloud computing, increase in demand for smart phones and other wireless technology devices such as Bluetooth, ZigBee, and WiFi, growth in connectivity of the Internet, and escalation of demand for low-power wide-area (LPWA) networks.

However, lack of uniform communication principles is hampering the wireless connectivity market. Additionally, the intervention with other electromagnetic sources, layered structure, and physical object are also the key factors that adversely affect the evolution of wireless connectivity technology. Consequently, these factors act as restraints for the wireless connectivity market. Key challenges for the global wireless connectivity market include requirement of enhanced security of information and concession among features such as power consumption, data rates, and range for numerous wireless technologies.

Increase in need for cross domain applications could open up new opportunities for the wireless connectivity market. Additionally, rise in government subsidies for the development of IoT provided by countries such as India, the U.S., Canada, Australia, and South Korea is also estimated to offer new opportunities to the wireless connectivity market.

The wireless connectivity market in Asia Pacific is in its promising stage; the region is projected to be among the major adopters of wireless connectivity devices. Rise in inclination of consumers toward advanced technological products is likely to boost the wireless connectivity market in Asia Pacific in the near future. Furthermore, government initiatives by countries such as Japan, China, India, and South Korea in the field of electronics and semiconductors are providing lucrative opportunities for electronics and semiconductor industries across Asia Pacific. 

North America consists of technologically advanced countries such as Canada and the U.S. The U.S. and Canada offer vast potential for the application of Internet of Things. This is expected to propel the market for wireless connectivity technologies. In turn, this is anticipated to augment the wireless connectivity market in the region.
The global wireless connectivity market can be segmented in terms of technology and application. Based on technology, the wireless connectivity market can be segmented into WiFi, Bluetooth, NFC, ZigBee, EnOcean, cellular technologies, and others. Based on application, the wireless connectivity market can be segmented into health care, wearable devices, automotive and transportation, and consumer electronics. Among these, the wearable devices segment is estimated to expand significantly during the forecast period owing to factors such as proliferation of IoT and rise in adoption of smart watches and activity trackers.

Key players operating in the global wireless connectivity market include Qualcomm Incorporated, Intel Corporation, NXP Semiconductors N.V., Texas Instruments Inc., Nexcom International Co., Ltd., Stmicroelectronics N.V., Mediatek Inc., Enocean GmbH, Atmel Corporation, and Cypress Semiconductor Corporation.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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