Key Players:
The report provided by Market Research Future (MRFR) includes an extensive profiling of the global leaders present in the global next generation wireless communication market including AT&T (U.S.), Huawei (China), Cisco Systems (U.S.), IBM Corporation (U.S.), NEC (Japan), Intel Corporation (U.S.), Netgear Inc. (U.S.), Ericsson (U.S.), ZTE Corporation (China), and Qualcomm (U.S.).
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Overview:
Wireless technology is one that use radio waves to transmit and receive the data. Wireless technology is evolving continuously from radio telephones (0G) to 5G. In present scenario, 4G LTE and Wi-MAX technologies are the most common used or popular technologies all over the world. 4G technology uses Orthogonal Frequency Division Multiplexing Access (OFDM) instead of Time Division Multiplexing Access (TDMA) or Code Division Multiple Access (CDMA) for increasing the internet speed but not more than the speed restriction set by International Telecommunication Union (ITU). Wi-MAX is a telecommunications protocol describing fixed and fully mobile Internet access services represents 802.16 standard. WiMAX’s range is measure in kilometres while Wi-Fi range are measured in meters. High speed, low prices, and increasing application and usage drives the next generation wireless communication market. The Next Generation Wireless Communication Technology Market provides more coverage and secured access as compared to the previous technologies such as 3G, Wi-Fi among others.
Other factors contributing to the ascension in adoption of the global next generation wireless communication market include the advent of the internet of things (IoT) and industrial 4.0. Furthermore, rising investments in technological and automation research and developments are expected to demand more efficient networks. Technologies that are addressing these needs also include security, asset monitoring, and transportation, which are poised to provide impetus to the global next generation wireless communication market.
Next generation wireless communication refers to an advanced module of current communication. Wireless communication refers to an option to eliminate the traditional deployment system where many wires and systems were required. Next generation wireless communication aids in exchanging of data at a higher speed and reduce the time of exchange. Currently, the global next generation wireless communication is anticipated to upscale at a fast pace over the forecast period. It is estimated that the global next generation communication market will register a magnanimous CAGR over the review period
Market Segmentation
The global next generation wireless communication market is segmented into technology, application, and region. Based on technology, segments of the next generation wireless communication market include digital TV broadcasting, wireless LAN, 3G, 4G LTE, WiMAX, Wi-Fi, and Bluetooth.
Based on application, the global next generation wireless communication market is segmented into telecommunication, consumer electronics, retail, aerospace and defense, automotive, healthcare, and industrial. The automotive segment is likely to account for a significant share of the global next generation wireless communication market over the forecast period. This can be owed to a rising trend towards autonomous driving and upscaling investments in the research and development activities to launch diverse products. Further, the application of 5G is also expected to upscale at a speedy rate, due to which, consumers are bound to expect higher functionality in terms of connectivity and other activities that require higher bandwidth. All these factors mentioned above are likely to propel the growing adoption of next generation wireless communication devices.
Regional Analysis:
The regional analysis of is being studied for region such as Asia-Pacific, North America, Europe and rest of the world.
North America region is expected to dominate in the next generation wireless communication market during forecast period due to rapid technological advancement in wireless communication technologies. Presence of global players such as Qualcomm Technologies, Cisco Systems, Inc., AT&T Inc., are investing in next generation wireless communication due to the high availability of bandwidth, the growth of IoT in the region and wide network coverage.
Asia-Pacific is expected to grow rapidly during forecast period. IT & Telecommunication drives the wireless communication technology market in Asia-Pacific region. China Mobile, Huawei Technologies Co., Ltd., and Reliance Telecom are heavily investing in research & development of wireless technologies such as 5G among others.
Industry Update:
November 2019: Wipro is investing in the creation of a TIP (Telecom Infra Project)-based blueprint for a 5G MNO reference architecture and a next generation 5G operational model, as a part of its strategy 5G initiative.
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