According to Market Research Future, the global wireless network infrastructure ecosystem market is expected to surpass USD 51,716 Million by 2030 with a CAGR rate of 12.32% during the projected period.
The global wireless network infrastructure ecosystem market is expected to witness significant growth during the forecast period. North America is anticipated to lead the wireless network infrastructure ecosystem during the study period, followed by Europe owing to the increasing number of internet users and fast adoption of innovative technologies to improve efficiency and carry out day-to-day jobs in the North American countries such as US, Canada, and Mexico. The key drivers for the wireless network infrastructure ecosystem include the rising demand for high speed data connection and the growing adoption of smartphones. However, spectrum scarcity issue for commercial mobile radio frequency-based networks is an issue restraining the market growth. Moreover, the increasing use of voice over internet protocol (VoIP) technology, and video conferencing in Europe and North America have further increased the need for high-speed wireless data connection in businesses.
Wireless network infrastructure is the hardware and software resources of an entire network that enable network connectivity, communication, operations, and management of an enterprise network. It provides the communication path and services between users, processes, applications, services and external networks/the internet. The growing ownership of smartphones has led to a dramatic increase in Internet traffic. Smartphones are increasingly getting equipped to handle various applications for video streaming, mobile gaming, and video conferencing among others, which has further increased the requirement of high-speed data connection. The development of online applications such as navigation, online food delivery, media, and entertainment have led to a rapid increase in data traffic which has strained the mobile networks. Development of innovative solutions to fulfil the ever-growing data connection demands due to the increasing number of smartphone users is expected to drive the growth of wireless infrastructure ecosystem market during the forecast period.
Global Wireless Network Infrastructure Ecosystem, by Component , 2017
Source:- MRFR analysis
For the research study, the global wireless network infrastructure ecosystem market, by component has been segmented into hardware and software. The hardware segment includes small cell, macro cell, radio access network, distributed antenna system, backhaul, fronthaul, and remote radio head. Network function virtualization (NFV), operations support systems (OSS)/business support systems (BSS), software-defined networking (SDN), and others are included in the software segment. The hardware segment is anticipated to dominate the market during the forecast period whereas the software segment is expected to grow at the highest CAGR.
Regional Analysis The wireless network infrastructure ecosystem market, by region, has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America is anticipated to lead the wireless network infrastructure ecosystem during the study period, followed by Europe. In North America, the presence of key players in the wireless network infrastructure and the rising number of internet users are major driving factors for the growth of the market. The US dominates the market in North America accounting for the largest share, followed by Canada and Mexico. Europe holds the second largest market in the wireless network infrastructure ecosystem market. The UK is expected to gain the highest market share followed by Germany, France, and the rest of Europe during the forecast period.
The key players of global wireless network infrastructure ecosystem are Cisco Systems, Inc. (US), Fujitsu (Japan), Huawei Technologies Co., Ltd (China), Nokia (Finland), Ericsson AB (Sweden), IBM Corporation (US), Wipro Limited (India), Oracle Corporation (US), Samsung (Korea), and ZTE Corporation (China).
Key questions addressed by the report
|Market Size||USD 51,716 million|
|Historical Data||2018 to 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology , Communication|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||Cisco Systems Inc. (US) Fujitsu (Japan) Huawei Technologies Co. Ltd (China) Nokia (Finland) Ericsson AB (Sweden) IBM Corporation (US) Wipro Limited (India) Oracle Corporation (US) Samsung (Korea) ZTE Corporation (China)|
|Key Market Opportunities|
|Key Market Drivers||The key drivers for the wireless network infrastructure ecosystem include the rising demand for high-speed data connection and the growing adoption of smartphones|
North America will be the leading regional market in the near future.
The primary segments, with respect to component are hardware and software.
Asia Pacific, North America, Europe, the Middle East & Africa and South America are expected to note market growth in the near future.
The United States (U.S.) is at the vanguard of the market growth in North America.
The hardware segment is anticipated to achieve the highest growth rate during the review period.
Soaring demand for high speed data connection paired with the rising adoption of smartphones are the prominent factors backing the market growth across the world.
Qualcomm Technologies, Inc., Oracle Corporation, Cisco Systems Inc., IBM Corporation, CommScope, Inc., Cambium Networks, Ltd., Qorvo, Inc., are the top players in the North American market.