Wireless Infrastructure Market Is Expected to Reach $466.86 billion by 2030, Grow at a CAGR Of 11.27% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.
According to a market research study published by Contrive Datum Insights, A wireless infrastructure is a networking framework in which devices communicate through access points. Increasing 4G and 5G data network connectivity drives the growth of the wireless infrastructure market.
April 29, 2023 15:00 ET | Source: Contrive Datum Insights Pvt Ltd Follow
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Farmington, April 29, 2023 (GLOBE NEWSWIRE) -- The Global Wireless Infrastructure Market Was Valued At $198.68 billion In 2022 And Is Expected To Expand $466.86 billion By 2030 at a CAGR Of 11.27% From 2023 To 2030. Key factors driving the growth of this market include the increasing demand for high-speed internet access, rapid expansion of Internet of Things (IoT)-based electronic devices.
The exponential growth of data utilization on electronic devices such as defence electronics, mobile phones, and rugged desktops is the primary driver of demand for wireless networks. In the coming years, mobile data traffic is projected to increase exponentially due to the prevalence of internet-connected devices.
Request Sample Copy of Report “Wireless Infrastructure Market Size, Share & Trends Estimation Report By Connectivity Type (2G/3G, 4G, 5G) By Infrastructure (Macrocell Radio Access Networks (RAN), Small Cells, Remote Radio Heads (RRH), Distributed Antenna Systems (DAS), Cloud RAN, Carrier Wi-Fi, Mobile Core, Backhaul) By Platform (Commercial, Government & Defence) By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Segmentation Overview:
Connectivity Type:
During the forecast period, 5G is anticipated to experience the highest growth rate. The global demand for 5G technology is being driven by the next-generation technology's high speed, broader connection, and low latency. 4G technology, which requires effective wireless internet service and consumes a substantial amount of data, does not meet the needs of customers. The increased demand for wireless services and intelligent devices requires the implementation of 5G technology to expand network capacity. It is anticipated that an increase in government initiatives, particularly those involving the digitalization of marine and defense infrastructure, will increase demand for satellite connections.
Infrastructure:
The macrocell industry is anticipated to have the largest market share for heterogeneous network infrastructure. Macrocell locations provide extensive network coverage for 4G and 5G-capable devices. Additionally, it is used to enhance 4G and 5G coverage on smartphones, mobile devices, and Internet of Things devices. In urban and suburban areas, the wireless infrastructure is primarily composed of macrocells with a range of 20 to 30 kilometers.
End-User:
End-user industries in the commercial and government & defense sectors are driving the expansion of the global wireless infrastructure market. The majority of market share was held by the commercial segment, which is expected to expand rapidly during the forecast period. Among the significant factors is the increasing number of consumers in Asia-Pacific emerging economies such as China, India, and others. The government & defense sector is anticipated to grow rapidly as a result of rising government spending to bolster the capabilities of the military and maritime sector. The majority of countries are modernizing their communication and satellite systems, which is expected to contribute to the market's growth in the coming years.
Regional Analysis:
According to the study, North America held the largest market share in 2021. This is due to the presence of a large number of manufacturers and service providers in the region, which can be attributed to the large number of consumers and defense users who support durable products. Expansion beyond the expected time frame.
Due to the presence of major manufacturers and technology titans such as Inmarsat plc, Ericsson, Three UK, and Deutsche Telekom, Europe accounted for the second largest share of the wireless infrastructure market in 2021.
Our market research indicates that the Asia-Pacific region will expand rapidly in the coming years due to a substantial increase in commercial mobile customers and Internet users in developing nations such as India and China.
In addition, the market in the Middle East is expected to grow at a significant CAGR due to the region's large number of mobile consumers. It is anticipated that the region's tourism industry will expand, thereby expanding the Middle Eastern market. In addition, it is anticipated that the global increase in wireless communication devices will accelerate the expansion of markets in the remaining regions.
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