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futuremarket · 4 years

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Rising Penetration of Communication Devices to Augur Wireless Communication Market 2023

Wireless Communication Market

Wireless data communication is is a form of communication which utilizes radio spectrum, infrared, satellite, etc., to transmit data. Wireless communication technology has become an integral part of various communication devices. Market Research Future (MRFR) has recently published an in-depth report on the global wireless data communication market and has predicted the market to catapult to USD 1867.8 Mn by the end of 2023 from USD 794.6 Mn in 2018. MRFR’s analysis has projected a CAGR of 18.6% over the forecast period of 2018–2023.

Wireless data communication is being extensively used in multiple applications to save time and recede distance barriers. Steep rise in the usage of various devices such as computers, laptops, mobile phones, tablets, and others for business as well as personal use is key to the growth of the market. The emerging economies of the globe are investing heavily on the development of their network or wireless infrastructure which too is fostering the market growth. Furthermore, the development of WiMax, which is an emerging broadband wireless technology is likely to present a host of opportunities to the global wireless data communication market. WiMax is capable of serving across a wider geographical area as compared to Wi-Fi and offers extended mobility, range, and higher speed data applications.

On the other hand, high equipment cost and cost intensive setup procedures is likely to restrain the growth of the market.

Detailed Regional Analysis

The global wireless data communication market is studied for the different regions of North America, Asia Pacific, Europe, and Rest of the World. North America is expected to dominate the global wireless data communication market through the conjecture period owing to the prevalence of several market giants in the region. Further, the presence of the early adopters of the latest technology is also contributing to the ascension of the regional wireless data communication market.

Asia Pacific is estimated to gain the maximum growth rate over the forecast period owing to the increasing adoption of connected devices and digital technologies such as laptops, smart devices, and tablets in developing countries such as India and China.

Key Players

Some prominent players present in the global wireless data communication market include Qualcomm(US), AT&T(US), Verizon Wireless(US), Cisco(US), D-Link(US), Google(US), Huawei Technologies (China), Intel(US), Texas Instruments(US), Cypress Semiconductor(US), NXP Semiconductor(Netherlands),Enocean(Germany),Broadcom(US),STMicroelectronics(Switzerland), Microchip(US), Murata Manufacturing(Japan), Marvel Technology(US).

Industry Update

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More Information@ https://www.marketresearchfuture.com/reports/wireless-data-communication-market-1118

About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: [email protected]

#Wireless Communication Market #Wireless Communication #Communication Market #Wireless Communications

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