Global In-Building Wireless Market (2020 to 2025) - 5G for Indoor Coverage Presents Opportunities
DUBLIN, Oct. 16, 2020 /PRNewswire/ -- The "In-Building Wireless Market by Component (Infrastructure [DAS and Small Cell] and Services), Business Model (Service Providers, Enterprises, and Neutral Host Operators), Venue, End User, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global in-building wireless market size is projected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2025, at a CAGR of 11.9%.
Major factors such as the need for unique and defined network quality and public safety requirements in buildings are expected to drive the global in-building wireless market. However, the initial cost of network infrastructure deployment may act as a challenge for the market.
Small cell segment to grow at a higher CAGR during the forecast period
Wireless service providers deploy small cells to provide seamless connectivity to end-users in a remote region, as small cells can reuse the wireless frequency available from the existing spectrum, thereby increasing the spectrum efficiency and data transfer capacity. Small cells help the end-user to increase network coverage inside the building area. Small cell networks are the latest emerging technology that is used by telecom network operators to enhance the network coverage and capacity by filling up the network gaps between the existing macrocells.
Training, support, and maintenance services to grow at the highest CAGR during the forecast period
Training, support, and maintenance services play an important role in the deployment of an in-building wireless network. These services are designed to optimize the performance and maximize the uptime in the operator's network. Support services are designed to provide critical support in network failure, issues related to coverage, capacity, and bandwidth of the network. Maintenance services include regularly updating the system, monitoring the performance of the network form time-to-time, and ensuring security checks on the network. This enables enterprises to save their cost on network downtime or failure. Training services help businesses to educate their workforce on new technologies
Asia Pacific (APAC) region to record the highest growing region in the In-building wireless market in 2020
The APAC is an emerging region in the in-building wireless market. China, Japan, and Australia are the major countries contributing to the growth in APAC. APAC also constitutes major economies, such as Singapore, South Korea, and India. Japan, China, and Australia as essential for the growth of the in-building wireless market in this region. Japan and span >China are the largest manufacturing economies that produce automobiles, IT products, and electronic products. The manufacturing paradigm has changed considerably with industry seeking advanced technologies such as robotics and big data analytics becoming popular among them.
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