Wireless Data Communication Market To Reach USD 4.38 Billion at a 16.81% CAGR by 2030 - Report by Market Research Future (MRFR)


Wireless Data Communication Market Growth Boost by Generating Demand for Wireless Data Services and Technology Advancements

New York, US, Jan. 09, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Wireless Data Communication Market Research Report, By Vertical, Region, Component, Technology, and Type- Forecast till 2030”, the global market for wireless data communication is anticipated to demonstrate considerably positive growth during the assessment period at a healthy growth rate of approximately 16.81%. The reports further anticipate the market to attain a valuation of approximately USD 4.38 Billion by the end of 2030.

Global Wireless Data Communication Market Overview:

Considering the massive levels of demand for cellular systems, the global wireless data communication market is on the rise. Cellular systems are further producing demand for wireless data services. Wireless data services are considered to enable a customer to use data without being physically connected to any interface.

Wireless Data Communication Market Competitive Analysis

The catalog for the foremost leaders across the global market for wireless data communication includes companies such as:

  • AT&T
  • Huawei Technologies (China)
  • Cisco (U.S)
  • Texas Instruments (U.S.)
  • Google (U.S)
  • Marvel Technology (U.S.)
  • Cypress Semiconductor (U.S.)
  • Intel (U.S)
  • NXP Semiconductor (Netherlands)
  • Verizon Wireless (U.S.)
  • Enocean(Germany)
  • Qualcomm (U.S.)
  • Broadcom (U.S.)
  • D-Link(US)
  • STM Microelectronicsthese (Switzerland)
  • Microchip (U.S.)
  • Murata Manufacturing (Japan)

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Wireless Data Communication Market USP Covered

Market Drivers

The global wireless data communication market has demonstrated massive growth in recent times. The main parameter supporting the market's growth is the growing requirement for a strong network. Furthermore, the advantages offered by these networks, such as parks, plans, data accuracy, and high-speed related to the networks, attract a significant customer base by serving their requirements commendably. Moreover, these devices are believed to be game changers; assisting and enhancing the network, data surfing, and connecting people have become much more accessible.

Wireless Data Communication Market Restraints

On the other hand, the technical issues regarding connectivity and network may limit the market's growth. In addition, the challenges across the rural regions, given the poor infrastructure, are also predicted to restrict the market's growth over the review era.

Wireless Data Communication Market Report Scope:

Report MetricsDetails
Wireless Data Communication Market Size by 2030USD 4.38 Billion
Wireless Data Communication Market CAGR during 2022-203016.81%
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market OpportunitiesThe devices are considered to be game-changer, helping and improving the network, connecting people, and dta surfing has become much easier.
Key Market DriversThere has been a rising need for a strong network and therefore led to the expansion of that network services such as 3G, 4G networks.

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COVID-19 Impact

The global wireless data communication market has shown considerably positive development during the pandemic period. With organizations across the globe turning to the work-from-home culture in recent times, the market has witnessed exponential growth in demand. Furthermore, with the rapidly growing demand for superior data protection and the growing I.T. sector across the globe, the global wireless data communication market is anticipated to show massive growth over the coming years.

Wireless Data Communication Market Segment Analysis

Among all the components, the hardware segment is anticipated to ensure the top spot across the global market for wireless data communication over the assessment era. The segment is further classified into network devices such as getaways, access points, switches, routers, and hubs. At the same time, the services need a professional projection of the lead in a market. The services segment is anticipated to demonstrate the highest growth rate over the review period. The primary aspect supporting the segment's growth is the growing adoption across several industry sectors.

Among all the technologies, the wifi technology segment is anticipated to demonstrate the maximum revenues share across the global wireless data communication market over the assessment era. The growth of smart devices such as smartwatches, smart refrigerators, washing machines, smart T.V.s, etc., has propelled the segment's growth. It enables users to control the devices through smart touch or remote control. These showcases have certainly improved the demands for wifi in the past years. The growing penetration of the technology in consumer devices allows users to control the devices remotely, catalyzing the segment's growth. It assists in lowering reduce overall network cost of enterprises, given the easy accessibility and hassle-free maintenance. It also lowers network wiring costs and offers users mobility over conventional wired networks.

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Among all the types, the cellar M2M segment is anticipated to secure the top position across the global market for wireless data communication over the review era. The launch of government policies allows a broader deployment of cellular M2M in the end-user industries such as healthcare, automotive, smart cities, and utilities. A growing standardization for global remote provisioning and APIs, deployment of sim-based user identity, better assurance of end-to-end security, and consent management capabilities are likely to raise the demand for cellar m2m services. Furthermore, the massive launch of 4G and LTE networks offers better wireless data connectivity globally.

Wireless Data Communication Market Regional Analysis

The global market for wireless data communication is analyzed across five critical geographies: Asia-pacific, Europe, Latin America, North America, and the Middle East & Africa.

According to the research reports by MRFR, the North American region is predicted to secure the top position across the global wireless data communication market over the assessment era ending in 2023. The primary parameter supporting the growth of the regional market is the existence of several key players across the market, such as Intel, Cisco, AT&T, Google, Verizon Wireless, and many others. Furthermore, these players are focusing more and more on developing new products. They thus are investing heavily in research & development activities, which is also predicted to boost-up the growth of the regional market over the coming years. The region is always considered an early adopter of various advanced technologies. The constant development in the nations such as Canada and the U.S. are also likely to catalyze the growth of the regional market over the coming years.

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The Asia- pacific regional market for wireless data communication is anticipated to demonstrate the highest growth rate over the review timeframe. The primary aspect causing an upsurge in the regional market's performance is the rise in the sale of digital and technical devices, such as tablets, smartphones, laptops, etc., across the nations such as India and China.

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