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(IT-NEWSWIRE.COM, May 01, 2024 ) The global In-building Wireless Market size is expected to reach USD 35.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 12.1 % during 2024–2029, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, according to a new report by MarketsandMarkets™. The proliferation of mobile data traffic drives the demand for reliable indoor wireless connectivity. With the increasing use of smartphones, tablets, and other connected devices for activities such as streaming, social media, and cloud applications, businesses and building owners recognize the importance of providing seamless wireless connectivity to users within buildings. In-building wireless solutions are crucial in meeting this demand by ensuring fast and reliable connectivity for voice, data, and multimedia applications, enhancing the overall user experience.
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In-building Wireless Market Dynamics:
Drivers:
Increasing demand for network coverage and capacity.
Demand for modern and sustainable concepts of construction
Need for supporting mission-critical applications
Lack of investments from carriers in large venues
Restraints:
Cost constraints.
Backhaul connectivity issues
Opportunities:
Deployment of 5G networks.
Rise of IoT and smart buildings
List of Key Players in In-building Wireless Market:
CommScope (US)
Corning (US)
Ericsson (Sweden)
Huawei (China)
Nokia (Finland)
Comba Telecom (Hong Kong)
Samsung (South Korea)
ZTE (China)
SOLiD (US)
Dali Wireless (US)
Zinwave (UK)
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The commercial campuses end user segment contributed the largest market share in the in-building wireless market during the forecast period.
Commercial campuses include sprawling office complexes, business parks, retail stores, shopping malls, and mixed-use developments. The deployment of in-building wireless solutions in these facilities is tailored to meet the varied connectivity requirements of diverse end users. Commercial campuses’ end users rely heavily on in-building wireless systems to ensure uninterrupted connectivity across the extensive campus environment. Whether employees access cloud-based platforms, participate in video conferences, or utilize mobile devices for day-to-day tasks, a dependable wireless infrastructure is indispensable for maintaining productivity and operational efficiency. Engineered to accommodate the high-density environment prevalent in commercial settings, these systems can seamlessly support numerous concurrent users and diverse device types.
The training, support, and maintenance services segment is expected to register the highest CAGR in the in-building wireless market during the forecast period.
Training, support, and maintenance services are essential in deploying an in-building wireless network. These services are designed to optimize performance and maximize the uptime in the operator’s network. Support services provide critical support for network failure, coverage, capacity, and bandwidth issues. Maintenance services include regularly updating the system, occasionally monitoring the network’s performance, and ensuring security checks on the network. This enables enterprises to save their costs on network downtime or failure. Training services help businesses to educate their workforce on new technologies. Vendors provide 24*7 support through several channels, such as web, email, and telephone. In case of system failure, in-building wireless network providers offer alternative services to continue business operations. These services are crucial for any deployed network to gain the intended ROI. The services segment ensures that the network performs at its optimum level to utilize the benefits offered by the network to the maximum possible extent.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific, home to nearly 40% of the world's population, is witnessing diverse implementations of in-building wireless technologies. The Asia Pacific region is undergoing a notable surge in adopting in-building wireless, driven by the flourishing economies of India, China, Japan, Australia, and New Zealand. Surging demand for seamless connectivity within various building types across diverse industries underpins this market's robust expansion. This surge is driven by the widespread proliferation of smartphones, IoT devices, and data-intensive applications, necessitating robust indoor wireless infrastructure. Technological breakthroughs such as Distributed Antenna Systems (DAS) and Small Cells, which amplify coverage and capacity, drive this growth further, alongside the accelerated deployment of 5G technology. Furthermore, the region's swift urbanization and smart building initiatives are key contributors to market expansion, backed by supportive government regulations and initiatives promoting wireless technology adoption. However, persistent challenges like high deployment costs and interoperability issues underscore the imperative for ongoing innovation and regulatory reinforcement to unlock the potential of in-building wireless solutions across the Asia Pacific region.
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The report profiles key players such as CommScope (US), Corning (US), Ericsson (Sweden), Huawei (China), Nokia (Finland), Comba Telecom (Hong Kong), Samsung (South Korea), ZTE (China), SOLiD (US), Dali Wireless (US), Zinwave (UK), ADRF (US), Airspan (US), Contela (South Korea), Fujitsu (Japan), NEC (Japan), BTI Wireless (US), Casa Systems (US), Sercomm (Taiwan), PCTEL (US), Huber+Suhner (Switzerland), Baicells Technologies (US), Qucell (South Korea), CommAgility (UK), Galtronics (US), PBE Axell (US), Microlab (US), Nextivity (US), JMA Wireless (US), Whoop Wireless (US), and SignalBoosters.com (US).
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raviraj.tak@marketsandmarkets.com
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