Global Wireless Market Overview:
Wireless is the term used to define any computer network where there is no wired connection between sender and receiver, but rather the network is connected by radio waves or microwaves to maintain communications. Wireless networking use specific equipment like NICs, APs and routers in place of wires (copper or optical fiber) for connectivity. Moreover, wireless network is a solution in areas where cables are impossible to install such as hazardous areas, long distances and others. Increasing consumer needs and rapid technological advancements are the key factors fueling the market growth. Some of the players profiled in the study are Huawei (China), TP-Link (China), Cisco (United States), D-Link (Taiwan), Netgear (United States), Netcore (India), Microsoft (United States), Mi (China), Samsung Group (South Korea) and Powermat Technologies Ltd. (Israel).
On the basis of geography, the market of Wireless has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Component, the sub-segment i.e. Hardware will boost the Wireless market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Consumers will boost the Wireless market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising smart device usage to access real-time data
- Cheaper to install and maintain compare to wired
- Increasing consumer needs and rapid technological advancements
Influencing Trend
- Increasing social media awareness and increasing trends towards internet marketing and advertising
Restraints
- Lack of infrastructure in rural areas in emerging economies
Opportunities
- Increasing investment in the R&D and further innovation in wireless market
Challenges
- Technical issues related to connectivity and network
- Increasing privacy and security concerns
Key Market Developments:
On 5 Dec 2018, Huawei announced the partnership with market-leading Telecommunications Operator Altice Portugal to the development and implementation of 5G services in Portugal. In which, both companies will explore potential new and innovative applications using 5G technology in a live testing network environment.
The major key players are implementing various strategies such as mergers & acquisitions, new product development, joint ventures, partnerships and others. Communication and networking companies are setting standards by manufacturing wireless devices with the help of various technological advancements.
The Federal Communications Commission (FCC) develops and executes policies and procedures for fast, fair licensing of all wireless services, from fixed microwave links to amateur radio to mobile broadband services.
Target Audience:
Raw material and manufacturing equipment suppliers, Research institutes, Market research and consulting firms, Forums, alliances, and associations, Technology investors, Governments and financial institutions and End users
Major Objectives Focused through this Study
To define, describe, and forecast the Global Wireless market on the basis of product [Indoor, Outdoor, Transportation, Support, Survey and Monitoring] , application [Transfering Data, Communication and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Wireless market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Wireless industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Energizer (United States), Ruijie (China) and Tenda (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Wireless market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.