Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Wireless Infrastructure Market size is expected to reach $259.3 billion by 2028, rising at a market growth of 9.5% CAGR during the forecast period.
The Radio Access Network segment is showcasing a CAGR of 9.9% during (2022 - 2028). The growing demand for wireless broadband services that necessitate quick and large-capacity networks propels the market for 5G. In addition, the amount of data transported by cellular networks is being pushed by consumers' rising appetite for online video.
The Commercial segment acquired maximum revenue share in the Global Wireless Infrastructure Market by Platform in 2021 thereby, achieving a market value of $135.3 billion by 2028. The commercial wireless sector, such as the telecommunications Industry, is a continually growing and changing. In addition, the commercial wireless infrastructure is increasingly "application-driven" by the end user. In light of this, the market is expanding in this segment.
The 5G segment has shown the growth rate of 21% during (2022 - 2028). The next-generation technology's broader connection, high speed, and low latency drive the global demand for 5G. 4G technology, which requires effective wireless internet connectivity and uses much data, may not meet customers' expectations. With the rising the using wireless services and smart devices, higher capacity networks, such as 5G technology, are necessary. Government projects, especially those involving modernizing maritime and defense infrastructure, are anticipated to increase demand for satellite connectivity.
The Asia Pacific market dominated the Global Wireless Infrastructure Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $97.1 billion by 2028. The Europe market is poised to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 8.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/wireless-infrastructure-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Qualcomm Inc. (Qualcomm Technologies, Inc.), Capgemini SE, D-Link Corporation, ZTE Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), NXP Semiconductors N.V., Cisco Systems, Inc., Fujitsu Limited, NEC Corporation, and Ciena Corporation.
Unique Offerings from KBV Research
North America Wireless Infrastructure Market size & Opportunities 2022-2028
Europe Wireless Infrastructure Market & Growth Forecast 2022-2028
Asia Pacific Wireless Infrastructure Market Share & Industry Outlook to 2028
LAMEA Wireless Infrastructure Market Growth, Trends & Forecasts 2022-2028