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Wireless Gigabit Market Trends

  • Report ID: GMI9048
  • Published Date: Apr 2024
  • Report Format: PDF

Wireless Gigabit Market Trends

The integration of 5G technology into wireless gigabit solutions and the widespread adoption of Wi-Fi 6 standards are driving significant advancements in the market. 5G networks offer ultra-fast wireless connectivity and low latency, complementing the existing Wi-Fi infrastructure and expanding the possibilities for wireless gigabit applications. Wi-Fi 6, also known as 802.11ax, provides higher data rates, increased network capacity, and improved performance in dense wireless environments, making it an attractive choice for deploying wireless gigabit networks in homes, offices, public spaces, and industrial settings.
 

The proliferation of Internet of Things (IoT) devices and the continued growth of smart home ecosystems are fueling the demand for high-speed wireless gigabit networks. As IoT devices become increasingly prevalent in homes, offices, and industrial environments, there is a growing need for reliable and high-bandwidth wireless connectivity to support the seamless exchange of data between devices. Wireless gigabit technology enables IoT devices to transmit large amounts of data quickly and efficiently, facilitating applications such as smart home automation, remote monitoring, and predictive maintenance in industrial settings. This trend is expected to drive the adoption of wireless gigabit solutions tailored to the unique requirements of IoT and smart home applications, further expanding the market opportunities for wireless gigabit vendors and service providers.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for wireless gigabit reached USD 27.5 million in 2023 and is set to register over USD 210 million by 2032, driven by the increasing demand for high-speed wireless connectivity.

The network infrastructure devices product segment in the wireless gigabit market is set to grow at 25.2% CAGR during the forecast period, owing to its vitality for establishing robust and high-speed wireless networks.

Asia Pacific market recorded over 35% share in 2023 and is set to expand rapidly by 2032, driven by increasing demand for high-speed wireless connectivity across various industries.

Intel Corporation, Panasonic Corporation, Peraso Technologies Inc., Qualcomm Technologies Inc, Broadcom Inc., Cisco Systems Inc., and Dell Technologies Inc. among others.

Wireless Gigabit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 285
  • Countries covered: 21
  • Pages: 210
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