Wireless Connectivity Market explores New Growth Opportunities by 2016-2024
Zion Market Research, the market research group announced the analysis report titled ‘Wireless Connectivity Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Wireless Connectivity Market: Overview
In order to reduce the intricate cable networks that are used in the communication networks, homes, and other organizations wireless connectivity is used. Many of the electrical devices make use of the wireless connectivity equipment. GPS, Wi-Fi, and Bluetooth are becoming universal for many devices such as the mobile phones and the smartphones. Apart from this, the wireless connectivity is also required for a variety of IoT applications such as control devices, gateways, and cloud computing. The IoT devices make use of the wireless connectivity to aid an access point from which data transfer and communication between two devices takes place. In the recent years, the business demand has grown for the wireless connectivity to enhance the operation efficiency, cost saving and to make faster decision-making capability.
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Global Wireless Connectivity Market: Segmentation
The global wireless connectivity is segmented into its technology, application and by geography. On the basis of the technology, the global market is globally segregated into Wi-Fi, Bluetooth smart, Bluetooth smart/Ant+, NFC, EnOcean, cellular, Z-Wave, ISA100, Bluetooth, Wi-Fi/Bluetooth smart, ZigBee, GNSS, ANT+, WHART and thread. Based on the application, the wireless connectivity market is divided into wearable devices, automotive and transportation, consumer electronics, telecommunication, healthcare, building automation, agriculture and industrial. The global market is diversified into various regions such as Asia-Pacific, Europe, North America and Rest of the World.
Global Wireless Connectivity Market: Growth Factors
The market segment that is contributing more is the consumer electronics application. It is mainly owing to the rise in the IoT and the machine-to-machine communication. The market for the Wi-Fi/Bluetooth smart technology is growing rapidly. The telecommunication and the consumer electronics market are growing rapidly which in turn is increasing the demand for the wireless connectivity market. The need for the real-time computing and the demand for the connected devices have majorly driven the wireless connectivity market. The other wireless technology devices that have boosted the market growth are ZigBee, Bluetooth, Wi-Fi and the low-power wide-area (LPWA) networks. Lack of even communication principles is challenging the wireless connectivity network market growth. In addition to it the interferences of other electromagnetic sources, physical objects, and the layered structure also hampers the evolution of the wireless connectivity technology.
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Global Wireless Connectivity Market: Regional Analysis
The region that is having the maximum market share is the North American region. The developed economies such as the US and Canada have a huge potential to help the market grow owing to the increase in the applications of the IoT. These two regions are the technically advanced countries and are open to adopting new technologies hence creating market opportunities for the wireless connectivity. The Asia Pacific region is also contributing its share to the market growth. The government of the countries such as India, China, South Korea and Japan is taking initiatives for the development of the technologies that use wireless connectivity.
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Global Wireless Connectivity Market: Competitive Players
The key market players in the wireless connectivity market are Qualcomm Incorporated, Texas Instruments, STMicroelectronics N.V, Cypress Semiconductor Corporation, NEXCOM International Co. Ltd., Intel Corporation, Atmel Corp., NXP Semiconductor N.V, MediaTek Inc. and EnOcean GmbH.
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