In-building Wireless Market Trends, Segmentation and Registering a Strong Growth by 2026
The in-building wireless market is poised to grow at a strong rate over the coming time period due to higher demand for enhanced in-building coverage and need to lower expenses related to indoor connectivity. The increasing demand to provide a much reliable network connectivity throughout the entirety of the building environment is likely to favor the overall industry growth.
Various key market players have been observed to be focusing on adopting novel technologies and introducing advanced products to offer better services to their customers and strengthen their presence in the market. Citing an instance, in January 2021, PCTEL, Inc., a renowned global provider of wireless technology, reportedly announced the launch of its novel TX2440 mmWave Transmitter, which is a portable CW transmitter for in-building as well as outdoor 5G network design. With Continuous Wave testing, engineers could proficiently plan and design in-building as well as outdoor networks decreasing the cost of delivering effectual 5G coverage.
Global Market Insights, Inc., estimates that the in-building wireless market would surpass a $20 billion valuation by 2026.
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Below are some key trends that would majorly influence in-building wireless market expansion:
Escalating need for ensuring effective working of in-building wireless infrastructure
With respect to service, the support & maintenance segment is likely to grow considerably, recording a CAGR of more than 10% over the forthcoming time period. Various enterprises are adopting maintenance services to make sure the service quality remains to par and the in-building wireless infrastructure functions effectively. Additionally, with evolution of technology, the building enterprises have been collaborating with service providers to aid infrastructure advancements as well as implementations within building facilities. This essentially helps building owners make sure that in-building devices like small cells, and DAS among others are performing efficaciously.
Growing demand for in-building wireless systems across industrial sector
In terms of end-use, the industrial end-use segment is likely to account for around 25% of the overall market share by the end of the analysis timeframe. The modern industrial facilities comprise of transport vehicles, machine equipment, and advanced sensor devices among other things. In-building wireless solutions help enterprises incorporate industrial devices and components. These solutions further make sure that the quality of service as well as performance is high across the industrial infrastructure. Numerous firms functioning in the market like Cisco Systems Inc., and Nokia Corporation, aid enterprises to incorporate IoTs and in-building wireless systems.
Rapidly expanding digitization across Europe
On the geographical front, Europe is likely to hold more than 20% of market share in the overall in-building wireless market by the end of the analysis timeline. The projected growth can be accredited to the expansion of the telecom infrastructure and extensive digitization going on in the continent. Additionally, due COVID-19 pandemic, enterprises across various industry verticals have directed their employees to do work from home. As per report from the French Ministry of Labor, in May 2020, nearly 25% of working individuals across France were doing their jobs remotely, from their place of residence by March end. As per the figures, the need to make sure efficient cellular connectivity in residential buildings enterprises would greatly drive the demand for in-building wireless solutions.
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In fact, several companies operating in the market are focusing on developing more advanced system architectures, infrastructure solutions, as well as installations of in-building cell site to adapt to these new work conditions. Citing an instance, in December 2020, Corning, a leading communications solution provider, and Wireless carrier, Verizon, reportedly announced that they have started installations of in-building cell site for enterprise customers. It is further expected that the cell sites would be installed at flexible office space provider, WeWork’s locations across the U.S.
ZTE Corporation, Huawei Technologies Co. Ltd., Commscope, Nokia Corporation, and Ericsson among many others are some of the key players operating in the in-building wireless market.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope and definition
1.1.1 Methodology & forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.1.1 Paid sources
1.2.1.2 Public sources
1.2.2 Primary
Chapter 2 Executive Summary
2.1 In-building wireless market 360º synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Component trends
2.1.3.1 Infrastructure trends
2.1.3.2 Service trends
2.1.4 Deployment trends
2.1.5 End-user trends
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