Global wireless gigabit market forecast to report exceptional growth during 2013 to 2018
Global Wireless Gigabit Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 09:57:01
The Global Wireless Gigabit market is forecast to grow at a CAGR of 158.25 percent over the period 2013-2018. One of the key factors contributing to this market growth is the proliferation of internet connected devices. The Global Wireless Gigabit market has also been witnessing the increasing adoption of tri-band solutions. However, the omni-presence of Wi-Fi devices could pose a challenge to the growth of this market.
Key vendors dominating this space are Broadcom Corp., Intel Corp., Qualcomm Atheros Inc., Panasonic Corp. and MediaTek Inc.
Other companies mentioned in the report are Agilent technologies Inc., Azurewave Technologies Inc., Beam Networks Ltd., BluWireless Technology Ltd., BridgeWave Communications Inc., Broadcom Corp., Cisco Systems Inc., DELL Inc., Hittite Microwave Corp., IHP Gmbh, Inventec Corp., Marvell Technology Group Ltd., Microsoft Corp., NEC Corp., Nitero Inc., Nvidia Corp., NXP semiconductors NV, Peraso Technologies Inc., Rohde & Schwarz GmbH & Co. KG, Silicon Image Inc, SMSC Storage Inc., ST Microelectronics NV, Tensorcom Inc., Vubiq Inc., and Wilocity Inc.
The following companies represent the key players in Global Wireless Gigabit Market: Broadcom Corp., Intel Corp., Qualcomm Atheros Inc., Panasonic Corp. and MediaTek Inc.
In the beginning of 2013, the IEEE approved a new wireless specification that could be used in devices to deliver tri-band networking and support emerging WiGig technology. The approval is considered a lucrative solution to open new avenues of application for the service providers, felicitating high speed up to 7Gbps on the unlicensed 60GHz radio spectrum band. The standard association claimed the new development will offer around 10 times the rate of speeds offered through the incumbent 802.11n standard, which uses the 2.4GHz and 5GHz spectrum bands. The 802.11ad (or WiGig) will offer faster networking because of the low extent of interception and interference of its shorter range in the 60GHz band. Due to the revolution in the data-centric applications, the tri-band devices can support up to 7Gbps speed enabling high-speed file transfers and WiGig docking technology, which can connect portable user devices to a display the moment it is placed. During the forecast period, the market will be flooded with tri-band supported devices, driving the Global WiGig market.
There are several factors that drive the growth of the Global WiGig market; one of them is the unrelenting demand for mobile data applications and hence the supporting devices. The steady increase in data traffic caused by smart devices plays a major role in driving the demand for the market.
Further, one of the main challenges is the omnipresence of Wi-Fi-enabled devices. The Wi-Fi standard has been around for more than two decades, and has carved a strong position in the Global Networking market.
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