Global Wireless Network Infrastructure Ecosystem Market Analysis
The global Wireless
Network Infrastructure Ecosystem Market size is predicted
to touch USD 51,716 million at a 10.5% CAGR between 2017- 2023 states the recent
Market Research Future (MRFR) analysis. Wireless network infrastructure, simply
put, is the software and hardware resources of a complete network connectivity,
management, operations, and communication of an enterprise network.
Various factors are propelling
the global wireless network infrastructure ecosystem market share. As per the
current MRFR report, such factors include increasing ownership of smartphones
for video conferencing, mobile gaming, and video streaming, development of
online applications like entertainment, media, online food delivery, and
navigation, and development of innovative solutions. Besides, the COVID-19
pandemic has witnessed a significant increase in wireless network traffic, with
more than 50% of employees across the globe working from home.
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The workers are capable
of connecting various devices online at any specific time. Besides, the usage
of video conferences via Zoom and VoIP technology has also boosted the need for
wireless data connection in the business of a high-speed. Rising use of
smartphones has boosted the need for high-speed data connections, which is also
impacting the market growth.
On the contrary, the
spectrum scarcity problem for commercial mobile radio frequency-based networks
may limit the global wireless network infrastructure ecosystem market growth
over the forecast period.
Market Segmentation
The MRFR provides an
inclusive segmental analysis of the global wireless network infrastructure
ecosystem market based on connectivity technology and communication
infrastructure.
By connectivity
technology, the global wireless network infrastructure ecosystem market is
segmented into 5G, 4G/LTE, 3G, and 2G.
By communication
infrastructure, the global wireless network infrastructure ecosystem market is
segmented into fronthaul, macrocell, and small cell. Small cell segment is
again segmented into femtocell, picocell, and microcell.
Regional Analysis
By region, the global
wireless network infrastructure ecosystem market report covers the recent
trends and growth opportunities across North America, the Asia Pacific (APAC),
Europe, & the Middle East and Africa.
Of these, North America
will have the lions share over the forecast period. Deployment of 5G network
connectivity, the widespread use of 5G network for faster and efficient
download speeds, growing demand for connectivity of IoT and sensor devices
especially for smart city developments, and the presence of leading players are
adding to the global wireless network infrastructure ecosystem market growth in
the region. The US & Canada have the maximum share in the market for heavy
government investments for facilitating the development of the
telecommunication & IT sector, increasing use of cloud-based applications,
different initiatives by the government to deploy telecommunication and IT
infrastructure, and rise in compatible devices.
The global wireless network
infrastructure ecosystem market in Europe is predicted to hold the
second-largest share over the forecast period. Rapid use of corporate-owned
personally enabled devices and bring your own device is adding to the global
wireless network infrastructure ecosystem market growth in the region. UK and
France will have the maximum share in the market.
The global wireless
network infrastructure ecosystem market in the APAC region is predicted to grow
at a fast pace over the forecast period. The presence of leading players is
adding to the growth of the global wireless network infrastructure ecosystem
market growth in the region.
The global wireless
network infrastructure ecosystem market in MEA is predicted to have sound
growth over the forecast period.
Key Players
Key players profiled in
the global wireless network infrastructure ecosystem market report include ZTE
Corporation (China), Samsung (Korea), Oracle Corporation (US), Wipro Limited
(India), IBM Corporation (US), Ericsson AB (Sweden), Nokia (Finland), Huawei
Technologies Co., Ltd (China), Fujitsu (Japan), and Cisco Systems, Inc. (US).
Industry players have incorporated strategies such as mergers and acquisitions,
joint ventures and partnerships, and strategic alliances to stay at the
forefront.
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