(Telecom-NewsWire.Net, December 06, 2018 ) Wireless is the term used to describe any computer network where there is no physical wired connection between sender and receiver, but rather the network is connected by radio waves and/or microwaves to maintain communications.
Wireless Connectivity market is expected to grow from $17.15 billion in 2015 to reach $31.78 billion by 2022 with a CAGR of 9.2%. Growing demand for Internet of Things (IoT) & cloud computing and growing market for Low-Power Wide-Area Networks (LPWA) Network are the major factors fueling the market growth. Furthermore, increasing usage of smart phones & other wireless connectivity devices are driving to adopt wireless connectivity technologies. On the other hand, paucity of standardized communication standards and security concerns are the constraints limiting the market growth.
Major Key Players : Qualcomm Incorporated, NXP Semiconductors N.V., Stmicroelectronics N.V., Texas Instruments Inc., Atmel Corporation, Mediatek Inc., Cypress Semiconductor Corporation, Enocean GmbH, and Nexcom International Co., Ltd.
By application, wearable devices segment commanding the Wireless Connectivity market with the biggest market share and is expected to grow with a high CAGR during the forecast period. The growth is driven by rapid development of IoT, growing utilization of activity trackers and smart watches. North America is projected to be the leading market in terms of market size, during the forecast period. Asia Pacific is expected to witness high growth rate during the forecast period. The growth is accounted for booming semiconductors and electronics industry and several government initiatives by countries, such as India, Japan, and China.
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