The global in-building wireless market was worth $12,550 million in 2022 and is expected to be worth $23,450.5 million by 2022, growing at a CAGR of 6.5% over the forecast period.
In-building wireless alludes to communications services that offer connectivity to the interiors of a building where signals from core infrastructure cannot be received. Due to bandwidth-intensive applications, the demand for better connectivity and enhanced network services has increased significantly over the years.
Furthermore, numerous buildings are now pre-equipped to install in-building wireless solutions. As several enterprises are now highly reliant on the internet for their day-to-day operations, they are seeking solutions to increase productivity.
On this premise, in-building wireless solutions are gaining remarkable traction among enterprises.
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Along similar lines, with the integration of high-speed connectivity with novel technologies, in-building wireless solutions have come a long way in terms of efficiency and the ever-evolving technology is ensuring that the market will progress on a positive growth trajectory.
Global In-Building Wireless Market – Key Trends
Increasing consumption of data through smartphones is emerging as a lucrative trend and is asserting market players to rethink their conventional growth strategies.
As several organizations focus on deploying LTE or 4G networks, players providing in-building wireless networks are focusing on directing their effort to mobile consumers.
On the other hand, rising congestion in the networks and strict government regulatory policies are also bolstering the adoption of in-building wireless solutions.
Likewise, the growing trend of project-oriented work culture and ‘carry your own devices’ culture in numerous organizations will also complement the growth of the market. Backed by growing expenditure by government and private organizations to improve connectivity in public places, such as airports, train stations, and stadiums is also expected to bestow remunerative opportunities to market growth.
Global In-Building Wireless Market – Growth Restraints
There are several issues faced by in-building wireless service providers in the process of setting up the solutions. Furthermore, issues pertaining to the installation, designing, compatibility, and physical and signal interference are posing a major challenge to the overall growth of the market.
Covid-19 Impact on Global In-Building Wireless Market
Covid-19 is expected to exhibit a dual impact on the growth trajectory of the in-building wireless market. On a positive note, surging demand for better connectivity owing to the trend of a virtual office is expected to increase the demand for these solutions.
The same factor is adversely affecting the demand for these solutions in large scale office spaces – which is a prominent segment – thereby limiting the overall growth of the market.
Global In-Building Wireless Market – Region-wise Analysis
North America is expected to prevail as the leading regional market, on the back of wide-spread penetration of the internet and high demand among enterprises to offer high-speed connectivity. According to the World Bank, nearly 55% of the population of the US has access to the internet with the number growing annually.
This bestows a huge revenue opportunity to market players to expand their services. On the other hand, Asia Pacific is emerging as a prominent consumer of data and this, in turn, is expected to fuel the demand for in-building wireless solutions.
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Global In-Building Wireless Market – Competitive Landscape
Key players are focusing on innovating novel services and hence significantly investing in research and development activities to cut through the competition. Furthermore, strategic partnerships, mergers, and acquisitions will continue to shape the competitive landscape of the in-building wireless market.
On these lines, in June 2019, Globalstar and Airwavz Solutions have entered a strategic partnership to offer Band 53 for in-building wireless services.
Some of the key players operating the market include
- Alcatel Lucent
- Cobham PLC
- Corning Incorporated
- Smiths Group PLC
- Verizon Communication, Inc.
- AT&T, Inc., Anixter Inc.
- Commscope, Inc.
- Ericsson
- TE Connectivity
- Ethertronics
- Lord and Company Technologies
- Betacom Incorporated
- Lemko Corporation
- Oberon Inc.
- Telecommunication Systems, Inc.
The report on Global In-Building Wireless Market covers exhaustive analysis on Market Segments
- Market Dynamics
- Historical Actual Market Size, 2015 – 2019
- Market Size (Forecast 2020 to 2030)
- Supply and Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Market Drivers and Restraints
Report on Global In-Building Wireless Market
- Shifting industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size
- Recent industry trends
- Key competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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Key Segments Profiled in the In-building Wireless Industry Survey
In-Building Wireless by Solutions:
- In-Building Wireless System Components
- In-Building Wireless Services
In-Building Wireless by System Components:
- In-Building Wireless Antennas
- In-Building Wireless Cabling
- In-Building Wireless Distributed Antenna System
- In-Building Wireless Repeaters
- In-Building Wireless Small Cells
In-Building Wireless by Business Models:
- In-Building Wireless Carrier
- In-Building Wireless Enterprise
- In-Building Wireless Host
In-Building Wireless by End Users:
- In-Building Wireless for Commercials
- In-Building Wireless for Government
- In-Building Wireless for Hospitals
- In-Building Wireless for Industrial Uses
- In-Building Wireless for Institutions
- In-Building Wireless for Retail
In-Building Wireless by Business Type:
- Existing In-Building Wireless Businesses
- New In-Building Wireless Businesses
In-Building Wireless by Building Size:
- In-Building Wireless for Large and Medium Buildings
- In-Building Wireless for Small Buildings
In-Building Wireless by Region:
- North America In-Building Wireless Market
- Latin America In-Building Wireless Market
- Europe In-Building Wireless Market
- South Asia In-Building Wireless Market
- East Asia In-Building Wireless Market
- Oceania In-Building Wireless Market
- Middle East & Africa In-Building Wireless Market
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