Wireless Infrastructure Market Outlook 2024-2033: Trends and Projections
Wireless Infrastructure Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Wireless Infrastructure Market Analysis 2024: Size Forecast and Growth Prospects
Wireless Infrastructure Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Wireless Infrastructure Market Overview 2024: Size, Growth Rate, and Segments
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The wireless infrastructure global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wireless Infrastructure Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wireless infrastructure market size has grown rapidly in recent years. It will grow from $193.69 billion in 2023 to $214.45 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to increasing population all over the world, increasing smartphone and internet penetration rates, growing network and increasing technology infrastructure, increased use of high-tech infrastructure, demand for high-speed internet connectivity.
The wireless infrastructure market size is expected to see rapid growth in the next few years. It will grow to $318.59 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increase in demand for connected cars, rising use of remote sensing technology, rising demand for connected car devices, rising internet penetration globally, rising use of satellite data in development of smart cities and connected vehicles. Major trends in the forecast period include adoption of latest technologies, growth of wireless networking technology, advent of digitalization in various sectors, rapid adoption of IoT-based electronic devices, rapid adoption of 5G technology.
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Scope Of Wireless Infrastructure Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wireless Infrastructure Market Overview
Market Drivers –
The increase in demand for connected cars is expected to propel the growth of the wireless infrastructure market going forward. A connected car refers to a vehicle equipped with internet connectivity that enables bidirectional communication with external systems. With the innovation in enhanced safety features, consumer interest, value, and environmental concerns, there is a rise in connected car demand. Wireless infrastructure is used in connected cars to enable communication between vehicles and networks, such as the internet, road infrastructure, and other vehicles or pedestrians. For instance, in March 2022, according to the Otonomo Report, an Israel-based company that provides a cloud-based SaaS solution for car manufacturers, the number of connected vehicles on the road will increase from approximately 237 million in 2021 to over 400 million by 2025. 96% of cars will be connected by 2030. Therefore, the increase in demand for connected cars is driving the growth of the wireless infrastructure market.
Market Trends –
Major companies operating in the wireless infrastructure market are developing innovative advanced solutions such as virtuora service management and orchestration (SMO), a network management and orchestration technology, to help reduce energy consumption and improve the network’s overall efficiency. For instance, in September 2022, Fujitsu Network Communications (FNC) Inc., a US-based company that provides digital transformation solutions for network operators, announced virtuora service management and orchestration (SMO). It is an innovative solution that leverages advanced technologies such as AI and ML and cloud-native frameworks to enable automated service delivery over diverse networks while meeting the demands of emerging 5G use cases. Additionally, it includes features like advanced analytics, lifecycle service orchestration, network orchestration, and energy savings in network operations. It also manages multivendor open RAN networks to facilitate RAN service provisioning.
The wireless infrastructure market covered in this report is segmented –
1) By Type: Satellite, Second Generation (2G) And Third Generation (3G), Fourth Generation (4G), Fifth Generation (5G)
2) By Infrastructure: Small And Macro Cells, Radio Access Networks, Mobile Core, Distributed Area Network
3) By Platform: Government, Defense, Commercial
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Regional Insights –
North America was the largest region in the wireless infrastructure market in 2023. The regions covered in the wireless infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the wireless infrastructure market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Capgemini Engineering, ZTE Corporation, Corning Incorporated, NXP Semiconductors, Motorola Solutions Inc., CommScope Holding Company Inc., Juniper Networks Inc., Arista Networks Inc., Ciena Corporation, Extreme Networks Inc., ADTRAN Inc., Mavenir Systems Inc., D-Link Corporation, RAD Data Communications Ltd., ARRIS International plc
Table of Contents
1. Executive Summary
2. Wireless Infrastructure Market Report Structure
3. Wireless Infrastructure Market Trends And Strategies
4. Wireless Infrastructure Market – Macro Economic Scenario
5. Wireless Infrastructure Market Size And Growth
…..
27. Wireless Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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