Wireless Data Communication Market Research Insights 2022-2030
Wireless Data Communication Market is expected to grow from USD 794.6 million in 2018 to USD USD 4.38 Billion by 2030, at a CAGR of 16.81%.
Shraddha Nevase
The global wireless data communication market is growing rapidly. The market growth attributes to the penetration of information & communication technology in the healthcare sector and the proliferation of cellular systems. Besides, the increasing demand for wireless data services for exchanging information across the globe drives the growth of the market. Moreover, the growing adoption of smart connected devices escalates market growth.
According to Market Research Future (MRFR), the global wireless data communication market is poised to create a valuation of USD 4.38 Billion by 2030, growing at 16.81% CAGR throughout the assessment period (2018-2030). The main aim of deploying digital devices is to improve interfaces in real-time web surfing and applications, which significantly increases data usage over wireless networks. Rising adoption of communication platforms boosts market growth.
Attractive advantages of wireless data communication technologies such as elimination of manual documentation, error-free archiving, digital transmission of data, and the higher efficiency & ease associated with the process substantiate the market growth. The advent of advanced cell phones, tablets, and high-tech hand-held devices connected to wireless networks fosters the growth of the wireless communication market. Additionally, spurring growth in the dramatically rising end-users encourages market demand.
On the other hand, technical issues related to connectivity and network is the major factors predicted to impede the growth of the market. Also, the lack of infrastructure in rural areas poses challenges to the wireless communication market growth. Nevertheless, the availability of futuristic technologies would support market growth throughout the forecasted period.
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Global Wireless Data Communication Market – Segments
The report is segmented into five dynamics;
By Component : Hardware (switches, hubs, access points, routers, gateway, others) and Services.
By Type : Wireless Local Area Network, Satellite, Wireless Personal Area Network, Low Power Wide Area Network, Cellular M2M, and others.
By Technology : Wi-Fi, Bluetooth, 2G/3G, Zigbee, NFC, LTE, Lora, and others.
By Vertical : IT/Telecom, Automotive, Consumer Electronics, Healthcare, Aerospace & Defense, and others.
By Regions : Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Global Wireless Data Communication Market – Regional Analysis
North America dominates the global wireless data communication market. The largest market share attributes to the presence of major industry players such as Qualcomm, Verizon Wireless, AT&T, Cisco, Intel, Google, and others in this region. Besides, the early adoption and rising demand for wireless data communication drive the growth of the market.
Moreover, high R&D investments and advancements in wireless technologies fuel the growth of the wireless communication market. The increasing adoption of the technology in quadrupling numbers of hospitals and the consolidation of healthcare sectors, influence the regional market growth. The North American wireless data communication market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global wireless data communication market. Market growth attributes to the increasing purchasing power and the penetration of medical devices. Moreover, established healthcare sectors and increasing per capita healthcare expenditures substantiate the growth of the regional market. Besides, the proliferating information technology and pharmaceutical industry in the region fuels the market growth. The European wireless data communication market is expected to create a substantial revenue pocket during the review period.
The Asia Pacific region holds a considerable share in the global wireless data communication market. Factors such as the strong presence of notable market players and increased adoption of connected devices and digital technologies such as smartphones, laptops, and tablets boost the regional market growth. Australia, Japan, and South Korea account for considerable shares in the Asia Pacific market. Whereas, China and India hold significant shares in the regional market due to the rapid economic development. The APAC wireless data communication market is forecasted to grow at an impressive CAGR during the assessment period.
Wireless Data Communication Market – Competitive Landscape
Highly competitive, the wireless data communication market appears fragmented due to the presence of several well-established market players. Industry players are increasingly adopting strategies such as mergers & acquisitions, collaboration, expansion, and product launch to gain a competitive share. The industry is intensive for intellectual property and technology, making market entry a challenge for small players.
Industry players rely on collaboration and partnerships with other players to innovative solutions and cut down development costs and time. Technology providers use a variety of distributions channels and are increasingly engaging social media to generate inbound leads.
Major Players:
Players leading the global wireless data communication market include AT&T(US), Qualcomm(US), Verizon Wireless(US), D-Link(US), Cisco(US), Google(US), Intel(US), Huawei Technologies (China), Texas Instruments(US), NXP Semiconductor(Netherlands), CypressSemiconductor(US),Enocean(Germany),Broadcom(US),STMicroelectronics(Switzerland), Microchip (US), Murata Manufacturing (Japan), Marvel Technology(US), among others.
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Industry/ Innovation/ Related News:
August 04, 2020 ---- NI (the US), a leading global wireless communication technology provider, announced its collaboration with Eta Wireless to implement and exploit ET Advanced and Digital Envelope Tracking (ET) technology for mmWave 5G RF front-end devices. NI’s integrated systems approach exhibits the benefits of digital envelope tracking for higher 5G mmWave front-end efficiency. Developed by Cambridge-based Eta Wireless, the technology enables extended battery life in smartphones, wearables, and Internet of Things (IoT) devices, improving both data rates and connectivity range.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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