Global Building Wireless Market Expected To Reach $ 24.72 Billion By 2028: Fior Markets
Wireless in buildings market by component (services and infrastructure [Small Cell andDAS]), by business model, end user and region, Global industry analysis, market size, share, growth, trends and forecast 2021 to 2028
Newark, NJ, November 01, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global market for wireless in buildings is expected to increase from USD 10.20 billion in 2020 and reach USD 24.72 billion by 2028, with a CAGR of 11.7% during the forecast period 2021-2028.
The wireless in buildings market has experienced significant growth in recent years. This growth is attributed to the implementation of public safety measures, the requirement for unique and defined network coverage, and trends in smart and intelligent construction. Additionally, consumer demand for high availability of services with 100% connectivity is propelling market growth. Moreover, the growing demand for smartphones and the increasing use of data by consumers are important factors contributing to the growth of the market. The main organizations in the market are deploying LTE networks and developing small cells that operate on LTE or 4G networks. Additionally, the recent COVID-19 outbreak allows businesses to allow their employees to work from home. The growing demand for improved wireless solutions in buildings has increased the number of employees working from home during the pandemic.
Wireless in buildings is leading to communication solutions used to maintain connectivity inside a building wherever signals from the hub infrastructure are not accessible. Integrated wireless systems or DAS are modified, designed, installed and manufactured to precise specifications using an array of cables, amplifiers and antennas to improve cellular connectivity in areas of poor coverage. Integrated wireless or DAS solutions are of great interest to network providers looking to provide enhanced services to their hub customers in the most demanding signal environment.
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The global market for wireless in buildings is expected to experience significant growth owing to the increasing need of end users all over the world to build wireless infrastructure due to the demand for high speed network connectivity. In addition, the commercialization of 5G services and the availability of unlicensed and shared spectrum globally are expected to drive the market growth during the forecast period. In addition, research and development activities, increased disposable income among large numbers of individuals and constant migration from countryside to cities, increasing trend of the ‘Bring your own devices’ concept in multiple organizations and higher data delivery, transformation rapid digitalization and growing implantation of public safety measures are expected to propel the growth of the market. In addition, the shortage of skilled labor and data security concerns are hampering the growth of the wireless in buildings 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. Gain significant market share in the global market for wireless in buildings.
For example, in 2020, Comba Telecom Systems Holdings Ltd. partnered with Parallel Wireless, Inc. to deliver virtualized 5G and 4G Open RAN
Small cell infrastructure segment dominated the market and held the largest market share of 57.27% in 2020
On the basis of components, the global market for wireless services in buildings is segmented into services and infrastructure. The infrastructure segment is further sub-segmented into small cells and DAS. The small cell infrastructure segment dominated the market and held the largest market share of 57.27% in 2020. This growth is attributed to the increasing network coverage within the building area.
The neutral host operator segment dominated the market and held the largest market share of 42.05% in 2020
Based on the business model, the global building wireless market is segmented into neutral host operators, service providers, and enterprises. The neutral host operator segment dominated the market and held the largest market share of 42.05% in 2020. This growth is attributed to the acceleration in demand for neutral host ownership. In addition, neutral host operators fund their business primarily by developing multi-operator DAS and billing operators.
Healthcare segment dominated the market and held the largest market share of 28.34% in 2020
On the basis of end user, the global market for wireless in buildings is segmented into healthcare, government, manufacturing, retail, transportation and logistics, etc. Healthcare segment dominated the market and held the largest market share of 28.34% in 2020. This growth is attributed to increased centralized management of equipment involving wireless security cameras, low voltage lighting and Wi-Fi devices.
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Regional segment of the wireless market in buildings
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, 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)
On the basis of geography, the global wireless in buildings market is categorized as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The North America region holds the largest market share in 2020. This growth is attributed to an increase in the volume of data consumption in the North America region. In addition, the tech-savvy generation, increasing internet penetration and increased consumption of mobile devices are also driving factors for this region. The Asia-Pacific region market is expected to experience significant growth owing to the high investment in new technologies in the ICT sector and the trend towards digital transmutation of the business. Moreover, rapid commercialization and 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 wireless in buildings market is analyzed on the basis of value (USD billion). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.
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About Fior MarchÃ©s
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