Newark, NJ, Nov. 01, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global in-building wireless market is expected to grow from USD 10.20 billion in 2020 and to reach USD 24.72 billion by 2028, growing at a CAGR of 11.7% during the forecast period 2021-2028.
The in-building wireless market is witnessing significant growth in the past years. This growth is attributed to implementing public safety measures, the requirement for unique & defined network coverage, and smart & intelligent building trends. Moreover, the consumers' demand for high availability of services with 100% connectivity is propelling the market's growth. Additionally, the increasing demand for smartphones & growing data usage by consumers are significant factors contributing to the market's growth. The foremost organizations in the market are deploying LTE networks & develop small cells that work on LTE or 4G networks. Furthermore, the recent COVID-19 outbreak is permitting enterprises to enable their employees to work from home. The increasing demand for enhanced in-building wireless solutions have raised the number of employees working from home during the pandemic.
In-building wireless leads to communication solutions used to keep connectivity inside a building wherever the hub infrastructure's signals are not reachable. In-building wireless systems or DAS are professionally modified, designed, installed, and engineered to accurate specifications using a network of cables, amplifiers, and antennas to improve cellular connectivity to bad coverage areas. In-building wireless or DAS solutions are of keen interest to network providers seeking enhanced services delivery to their hub customers in the most demanding signal environment.
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The global in-building wireless market is expected to witness significant growth due to the increasing need for end-users worldwide to build wireless infrastructure because of the demand for high-speed network connectivity. Also, the commercialization of 5G services and the availability of unlicensed & shared spectrum globally are expected to drive market growth during the forecast period. Further, research & development activities, increasing disposable income among a large chunk of individuals & constant rural-to-urban migration, increasing trend of “Bring Your Own Devices” concept in several organizations & higher data delivery, rapid digital transformation, and rising implantation of public safety measures are anticipated to propelling the growth of the market. Moreover, the shortage of skilled labor & safety issues about the data hinders the growth of the in-building wireless market.
Some of the notable players in the market are Commscope, Axell Wireless Limited, Comba Telecom Systems Holdings Ltd., Corning Incorporated, SAMSUNG, Huawei Technologies Co., Ltd., Nokia, ERICSSON, Dali Wireless, and ZTE Technologies, among others. To gain a significant market shares in the global in-building wireless market.
- For Example, in 2020, Comba Telecom Systems Holdings Ltd. joined into a partnership with Parallel Wireless, Inc. to remit 5G and 4G virtualized Open RAN
Small cell infrastructure segment dominated the market and held the largest market share of 57.27% in the year 2020
On the basis of component, the global in-building wireless market is segmented services and infrastructure. The infrastructure segment is further sub-segmented into small cell and DAS. Small cell infrastructure segment dominated the market and held the largest market share of 57.27% in the year 2020. This growth is attributed to the increasing network coverage inside the building area.
Neutral host operators segment dominated the market and held the largest market share of 42.05% in the year 2020
On the basis of business model, the global in-building wireless market is segmented into neutral host operators, service providers, and enterprises. Neutral host operators segment dominated the market and held the largest market share of 42.05% in the year 2020. This growth is attributed to the accelerating demand for neutral host ownership. Further, the neutral host operators essentially fund their company through developing multicarrier DAS & invoicing the carriers
Healthcare segment dominated the market and held the largest market share of 28.34% in the year 2020
On the basis of end-user, the global in-building wireless market is segmented into healthcare, government, manufacturing, retail, transportation & logistics, and others. Healthcare segment dominated the market and held the largest market share of 28.34% in the year 2020. This growth is attributed to the increased centralized equipment management involving wireless security cameras, low-voltage lighting, and Wi-Fi devices.
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Regional Segment of In-building Wireless Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (UAE, South Africa, Rest of MEA)
Based on geography, the global in-building wireless market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America region holds the largest market share in the year 2020. This growth is attributed to an increased data consumption volume in the North America region. Additionally, the tech-savvy generation, growing internet penetration, and the increased consumption of mobile devices are also boosting factors of this region. The market in the Asia Pacific is expected to witness significant growth due to the high investment for new technologies in the ICT sector and the digital transmutation trend over the company. Additionally, the rapid commercialization & advanced network technology such as 5G are also expected to grow the market during the forecast period.
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About the report:
The global in-building wireless market is analysed on the basis of value (USD Billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insights of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitors’ position grid analysis.
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