Wireless Gigabit (WiGig) Market Is Expected To Grow At Rapid Pace Owing To Rising Demand For Bandwidth And Saturation of Smartphones Till 2024 | Million Insights

August 15 05:40 2019
Wireless Gigabit (WiGig) Market Is Expected To Grow At Rapid Pace Owing To Rising Demand For Bandwidth And Saturation of Smartphones Till 2024 | Million Insights

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According to new report available with Million Insights, Wireless Gigabit Industry Report by Material, Application, and Geography – Global Market Forecast to 2024 is a professional and in-depth research report on the world’s major regional Wireless Gigabit market conditions, focusing on the main regions.

Global Wireless Gigabit (WiGig) Market is anticipated to reach USD 7.42 billion by 2024. Wireless Gigabit (WiGig) is designed to render faster speed for wireless network connections. WiGig is also termed as the “IEEE 802.11ad standard”. The factors that propel the growth of the Wireless Gigabit Market include increase in the demand for bandwidth, saturation of smartphones and use of several devices that are eventually contributing to the overall industry development. On the other hand, there are factors that may hamper the growth of the market including rise in the cost of IPAM.

Wireless Gigabit (WiGig) industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The industry may be explored by product type, type, application, technology and geography.

Full Research Report On Global Wireless Gigabit (WiGig) Market Analysis available at: https://www.millioninsights.com/industry-reports/wireless-gigabit-wigig-market

Wireless Gigabit Industry may be explored by product type as Network Infrastructure Devices, and Display Devices. The market may be analyzed by type as 802.11ad, and 802.11ac. The “802.11ac” segment led the Wireless Gigabit (WiGig) Market in 2016 and is anticipated to maintain its dominance by 2024. The factor that could be attributed to the growth might includes fast acceptance of 802.11ac-enabled devices.

The key applications that could be explored in the market include Government, BFSI, IT & Telecom, Healthcare, Retail, and Others. The “IT & Telecom” segment led the Wireless Gigabit (WiGig) industry in 2015 and is anticipated to maintain its dominance by 2024. The factors that could be attributed to the growth could include steady acceptance of applications such as BYOD throughout their progressions and improved demand for the high-speed Internet. The market could be explored based on technology as Integrated Circuit Chip, and System on Chip.

Asia-Pacific accounted for the major share of the Wireless Gigabit Market Size in 2015 and will continue to lead in the forecast period. The key factor that could be attributed to the growth includes increasing production of Ethernet routers and switches in developing countries such as Japan, China, and India; eventually contributing to the regional development. Also, factors like increasing IT spending and shifting budget distributions in emerging nations are attracting demand for technically progressive products in order to develop the present initiative infrastructure.

Some of the key players that fuel the growth of the Wireless Gigabit (WiGig) Industry comprise Qualcomm, Intel Corporation, Panasonic Corporation, Marvell Technology Group Ltd., Broadcom Corporation, Cisco Systems, Inc., NEC Corporation, Nvidia Corporation, Azurewave Technologies, Inc., and MediaTek. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

WiGig Type Outlook (Revenue, USD Million, 2014 – 2024)
    • 802.11ac
    • 802.11ad

WiGig Product Outlook (Revenue, USD Million, 2014 – 2024)
    • Consumer electronics
    • Networking devices

WiGig End-use Outlook (Revenue, USD Million, 2014 – 2024)
    • Large enterprises
    • SMBs
    • Residential

WiGig Application Outlook (Revenue, USD Million, 2014 – 2024)
    • BFSI
    • Government
    • IT & Telecom
    • Retail
    • Healthcare
    • Others

WiGig Regional Outlook (Revenue, USD Million, 2014 – 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/wireless-telecommunications

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