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Rising Penetration of Communication Devices to Augur Wireless Data Communication Market 2023

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International-Industry -News
Rising Penetration of Communication Devices to Augur Wireless Data Communication Market 2023

Wireless Data Communication Market

Wireless data communication is is a form of communication which utilizes radio spectrum, infrared, satellite, etc., to transmit data. Wireless communication technology has become an integral part of various communication devices. Market Research Future (MRFR) has recently published an in-depth report on the global wireless data communication market and has predicted the market to catapult to USD 1867.8 Mn by the end of 2023 from USD 794.6 Mn in 2018. MRFR’s analysis has projected a CAGR of 18.6% over the forecast period of 2018–2023.

Wireless data communication is being extensively used in multiple applications to save time and recede distance barriers. Steep rise in the usage of various devices such as computers, laptops, mobile phones, tablets, and others for business as well as personal use is key to the growth of the market. The emerging economies of the globe are investing heavily on the development of their network or wireless infrastructure which too is fostering the market growth. Furthermore, the development of WiMax, which is an emerging broadband wireless technology is likely to present a host of opportunities to the global wireless data communication market. WiMax is capable of serving across a wider geographical area as compared to Wi-Fi and offers extended mobility, range, and higher speed data applications.

On the other hand, high equipment cost and cost intensive setup procedures is likely to restrain the growth of the market.

Market Segmentation

The global wireless data communication market has been analyzed for an array of segments that are based on component, technology, type, application, vertical, and region. Based on type, the global wireless data communication market has been segmented into Wireless Personal Area Network, Wireless Local Area Network, Satellite, Low Power Wide Area Network and Cellular M2M. Based on vertical, the global wireless data communication market is segmented into consumer electronics, IT and telecom, aerospace and defense, automotive, and healthcare.

Based on component, the global wireless data communication market is segmented into hardware and services. The hardware segment is further segmented into hubs, switches, access points, routers, and gateways. The services segment is studied for the sub-segments of professional services and managed services.

Based on technology, the global wireless data communication market is segmented into Bluetooth, Zigbee, Wi-Fi, NFC, 2G/3G, LTE, and Lora. The Wi-Fi technology segment is anticipated to grow at a fast pace over the forecast period owing to the ascension in the adoption of various Wi-Fi enabled devices such as smart TVs, smart refrigerators, and washing machines.

Key Players

Some prominent players present in the global wireless data communication market include Qualcomm(US), AT&T(US), Verizon Wireless(US), Cisco(US), D-Link(US), Google(US), Huawei Technologies (China), Intel(US), Texas Instruments(US), Cypress Semiconductor(US), NXP Semiconductor(Netherlands),Enocean(Germany),Broadcom(US),STMicroelectronics(Switzerland), Microchip(US), Murata Manufacturing(Japan), Marvel Technology(US).

More Information@ https://www.marketresearchfuture.com/reports/wireless-data-communication-market-1118

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

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