Wireless Infrastructure Market Overview: Market Size, Major Drivers And Trends
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The wireless infrastructure market has experienced rapid escalation, ascending from $193.69 billion in 2023 to $214.45 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.7%. This growth is propelled by factors such as population increase, rising smartphone and internet usage, expansion of network infrastructure, demand for high-speed internet, and advanced technology utilization. Looking forward, rapid growth is anticipated, with projections indicating a climb to $318.59 billion by 2028, with a CAGR of 10.4%. Drivers include the demand for connected cars, remote sensing technology, connected devices, global internet penetration, and the utilization of satellite data in smart city development. Major trends encompass cutting-edge technology adoption, wireless networking growth, digitalization, IoT device adoption, and the widespread embrace of 5G technology.
The wireless infrastructure market is set to experience substantial growth driven by the increasing demand for connected cars in the foreseeable future. These connected vehicles, outfitted with internet connectivity for bidirectional communication with external systems, are experiencing heightened interest due to improved safety features, consumer demand, value propositions, and environmental considerations. Wireless infrastructure plays a pivotal role in facilitating communication between these vehicles and various networks, including the internet, road infrastructure, and other vehicles or pedestrians. For example, the Otonomo Report in March 2022 projects a surge in connected vehicles on the road from approximately 237 million in 2021 to over 400 million by 2025, with an anticipated 96% connectivity rate by 2030. Thus, the increasing demand for connected cars propels the growth of the wireless infrastructure market, projected to reach $Z billion by 2028.
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What Are The Key Trends That Influence Wireless Infrastructure Market Share Analysis?
Companies in the wireless infrastructure market are innovating with advanced solutions such as virtuora service management and orchestration (SMO) to enhance network efficiency. Fujitsu Network Communications (FNC) Inc., a US-based company, launched virtuora SMO in September 2022. This solution utilizes AI, ML, and cloud-native frameworks to automate service delivery across diverse networks, supporting emerging 5G use cases. Features include advanced analytics, lifecycle service orchestration, network orchestration, and energy-efficient network operation management, including multivendor open RAN networks.
Which Market Players Are Driving Growth In The Wireless Infrastructure Market?
Major companies operating in the market areSamsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, Capgemini Engineering, ZTE Corporation, Corning Incorporated, NXP Semiconductors, Motorola Solutions Inc., CommScope Holding Company Inc., Juniper Networks Inc., Arista Networks Inc., Ciena Corporation, Extreme Networks Inc., ADTRAN Inc., Mavenir Systems Inc., D-Link Corporation, RAD Data Communications Ltd., ARRIS International plc
How Is The Global Wireless Infrastructure Market Segmented?
The wireless infrastructure market covered in this report is segmented –
1) By Type: Satellite, Second Generation (2G) And Third Generation (3G), Fourth Generation (4G), Fifth Generation (5G)
2) By Infrastructure: Small And Macro Cells, Radio Access Networks, Mobile Core, Distributed Area Network
3) By Platform: Government, Defense, Commercial
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The Wireless Infrastructure Global Market Report 2024 provides an overview of the wireless infrastructuremarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wireless infrastructure market forecast analyzes wireless infrastructure market size, wireless infrastructure market share, leading competitor and their market positions.
The Table Of Content For The Wireless Infrastructure Market Include
1. Wireless Infrastructure Market Executive Summary
2. Wireless Infrastructure Market Segments
3. Wireless Infrastructure Market Size And Template Market Growth Rate
4. Key Wireless Infrastructure Market Trends
5. Major Wireless Infrastructure Market Drivers
……
25. Key Mergers And Acquisitions In The Wireless Infrastructure Market
26. Top Wireless Infrastructure Companies
27. Wireless Infrastructure Market Opportunities And Strategies
28. Wireless Infrastructure Market, Conclusions And Recommendations
29. Appendix
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