The North America In-building Wireless Market has witnessed remarkable growth, with sales revenue reaching an impressive US$ 6,693.6 million in 2022. Projections for the next decade are equally promising, as in-building wireless demand is anticipated to soar at a Compound Annual Growth Rate (CAGR) of 8.9%.
This upward trajectory will see the market size escalate from US$ 7,208.6 million in 2023 to a substantial US$ 16,883.0 million by 2033. In-building Wireless (IBW) technology is the key driving force behind this growth, offering solutions for enhancing wireless connectivity within buildings and structures, notably in areas with weak or no signal coverage.
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Similarly, increasing demand for high-speed data transmission and the emergence of 5G technologies are likely to further fuel the growth of the market. Besides this, rising demand for advanced wireless communication technologies such as Bluetooth, Wi-Fi, and Zigbee will foster market development.
Key Takeaways: North America In-building Wireless Market
- By solution, hardware segment totaled a valuation of US$5 million in 2023 while network design software segment will thrive at 10.4% CAGR through 2033.
- By business model, carrier model segment will reach a valuation of US$ 3,201.7 6038.7 million by 2033.
- By end user, commercial segment dominates the market with a valuation of US$ 3,330.1 million in 2023.
- The USA in-building wireless market valuation reached around US$ 5,376.7 million in 2023.
- In-building wireless demand in Canada will surge at 4% CAGR through 2033.
“Rising demand for connected devices and growing adoption of Internet of Things (IoT) will boost North America in-building wireless market. Besides this, increasing demand for wireless connectivity in automobiles and other industrial applications will bode well for the market.” says a lead FMI analyst.
Widespread Adoption of Cloud-based Technologies Spurring Market Expansion
Cloud-based technologies have led to an increase in demand for wireless connectivity. With more businesses & individuals using cloud-based applications and services, there is a greater need for reliable & fast wireless connectivity to access these services.
This has resulted in a greater demand for in-building wireless systems that can provide seamless connectivity within buildings.
Further, cloud-based technologies provide businesses with greater scalability & flexibility. This means that businesses can quickly and easily scale their operations up or down as needed.
In-building wireless systems that are based on cloud technology provide same level of scalability and flexibility, making them an attractive option for businesses that are growing or changing.
Hence, adoption of cloud-based technologies will continue to drive growth in the in-building wireless market in North America. This is because businesses across North America continue to rely more heavily on cloud-based applications and services.
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More Valuable Insights on North America In-building Wireless Market
Future Market Insights, in its new report, offers an unbiased analysis of the North America in-building wireless market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 & 2033.
The study reveals growth projections for the North America in-building wireless market based on solution (hardware, in-building wireless network design software, services), business model (carrier model, enterprise model, host model), and end user (commercial, Industrial, Public Sector) across North America.
North America In-building Wireless Market Segmentation
By Solution:
- Hardware
- Distributed Antenna System (DAS)
- Small Cells
- Repeaters
- Antennas
- Others
- In-building Wireless Network Design Software
- Services
- Professional Services
- Managed Services
By Business Model:
- Carrier Model
- Enterprise Model
- Host Model
By End User:
- Commercial
- Education Campuses
- Healthcare Facilities
- Retail Complexes
- Corporate & Business Parks
- Warehouses/Distribution Facilities
- Sports & Events Venues
- Others
- Industrial
- Oil & Gas Plants
- Power Plants
- Water Utilities
- Mining & Resources
- Manufacturing Facilities/Plants
- Others
- Public Sector
- Government Offices
- Military Bases
- Public Transportation Venues (Rail/Air/Sea)
- Law Enforcement Agencies
- Correctional Facilities
- Others
By Country:
- USA
- Canada
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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