Impact of COVID-19 on the Global Wireless Network Infrastructure Ecosystem Market
COVID-19 pandemic has affected every country across the world. The spread of the virus has significantly impacted businesses globally. The outbreak of COVID-19 has resulted in the shutting down of many companies and partial or complete lockdowns, which has led to the closing of many production facilities as well as other businesses. Most of the countries are under lockdown, and people have been asked to minimize or stop physical interaction. Besides, people are forced to stay at home, which has led to an increase in the number of Internet users. The people are increasingly using video streaming platforms such as Amazon Prime, Netflix, and Hotstar for entertainment. Wireless networks help in streaming the media to the televisions using smartphones. Wireless networks also help multiple devices to communicate wirelessly, with no need for connections or cables.
According to MRF analysis, a significant increase has been witnessed in wired as well as wireless network traffic during the COVID-19 pandemic, as more than 50% of the employees worldwide have been working from home during the lockdown period. Here, the wireless networks play an important role. The workers can connect multiple devices to the web at any given time. Additionally, the use of VoIP technology and video conferences through Zoom have also increased the need for high-speed wireless data connections in business. The primary factor responsible for the growth of the market is the increasing adoption of smartphones, which has led to an increase in the demand for high-speed data connections. Due to the COVID-19 pandemic, the partial or complete shutdown of manufacturing activities has caused a significant slowdown in the production of smartphones, which is slightly hindering the growth of the wireless network infrastructure ecosystem market.
The deployment of 5G technology is expected to drive the market growth, post the lockdown period. The delay in the implementation of 5G technology owing to the disruption in the trials and testing activities of 5G networks during the lockdown has slightly slowed down the growth of the market. 5G technology offers high-speed data Internet services, which are expected to propel the growth of the market. Besides, the demand for 5G-enabled devices such as smartphones and laptops is likely to lead to an increase in Internet traffic, which is expected to drive the growth of the wireless network infrastructure ecosystem market.