Wireless Data Communication Market 2019: Company Profiles, Global Trends, Industry Segments, Size, Landscape and Demand by Forecast to 2027

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Global Wireless Data Communication Market Research Report, By Component (Hardware, Services), Type (Wireless Local Area Network, Satellite, LPWAN) and is projected to grow from USD 794.6 million in 2018 to USD 1867.8 million by 2023

Wireless Data Communication Market Highlights:
Market Research Future (MRFR)’s latest analysis projects that the global wireless telecommunication services market is set to expand at a CAGR of 5% during the forecast period 2016 to 2022. The service is used across different industry verticals such as residential, education, business, and government organizations for quick as well as the efficient transfer of information. The rising demand from these industries is likely to fuel the growth of the wireless telecommunication services market over the next couple of years.

The growing demand for smartphones has paved the way for the adoption of internet services. This, in turn, is poised to have a positive effect on the proliferation of the Wireless Data Communication Market. Additionally, the lucrative subscription plans offered by the industry leaders for capitalizing on the market is another factor responsible for accelerating revenue creation for the participants.

The technological advancements in communications technology guide the growth trajectory of the market. The evolution of 3G to 4G has intensified the demand for wireless telecom services, and the introduction of 5G is anticipated to revolutionize the competitive landscape. The market is expected to remain attractive over the next couple of years.

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Competitive Landscape:
The wireless data communications market is highly competitive. The market participants are at continuous pressure to pressure to deliver innovative services and capabilities and to meet the requirements of the emerging market; the key players are incorporating various strategies such as innovation, product launches, mergers, and partnership to sustain their position in the market.

Some of the key players of global wireless data communication market includes Qualcomm(US), AT&T(US), Verizon Wireless(US), Cisco(US), D-Link(US), Google(US), Huawei Technologies (China), Intel(US), Texas Instruments(US), Cypress Semiconductor (US),NXP Semiconductor(Netherlands),Enocean(Germany),Broadcom(US),STMicroelectronics(Switzerland), Microchip(US), Murata Manufacturing(Japan), Marvel Technology(US), among others.

Segmentations:
The global wireless data communications market has been segmented based on communication type, component, services, and standards. By communication type, the market has been segmented into satellite, Wi-Fi, Bluetooth technology, infrared communication, microwave communication, and mobile communication among others.

By component, the market has been segmented into routers, adapters, repeaters, wireless device among others. By services, the market has been segmented into asset tracking, remote monitoring and control, insurance, messaging and voice communication among others. By standards, the market has been segmented into personal area network (PAN), local area network (LAN), metropolitan area network (MAN), and wide area network (WAN) among others.

Regional Analysis:
The key markets of the global wireless data communication market include the Americas, Europe, Asia-Pacific and the Middle East & Africa. North America accounts for the market owing to developed networking infrastructure.

The Europe market for wireless data communication is strong. Asia-Pacific market is projected to exhibit high growth due to high internet penetration in emerging economies of the region.

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Industry Trends/Updates:
• FirstNet, a broadband network will which will prioritize police officers, paramedics, and firefighters in case of an emergency. The responders will be to access FirstNet throughout the US, and in the case of network congestion, the network will automatically knock non-public servants off the network and allow communication during a crisis.
• In June 2018, NuRAN Wireless announced a partnership with London-based satellite operator. They aim to cater to the rural communities and USD 1.2 billion in a network that would incorporate satellites, gateway earth stations, data centers and an international fiber ring.

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Organization: Market Research Future
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