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In-building wireless market forecast to surpass revenues of US$10Bn by 2019

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In-Building Wireless Market: Worldwide Market Forecasts and Analysis (2014 - 2019) - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-30 10:10:06
In-building wireless market is forecast to be worth US$10.65 billion by 2019. Analysts forecast the in-building wireless market to grow from US$4.05 billion in 2014 to US$10.65 billion in 2019, at a CAGR of 21.3% during the forecast period. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) is expected to experience increased market traction, during the forecast period.Major forces driving this market are the rapid uptake of smart phones, increasing data traffic, desire for continuous on-connectivity, and the market trend of transition to wireless technology for streamlining the data and information exchange process. In-building wireless solutions address the need for pervasive coverage and enhanced quality of service in terms of availability, capacity, and consistency. As businesses realize the impact of pervasive coverage and effective communication environment on individuals´ productivity, the demand for in-building wireless solutions is increasing. While organizations look forward to availing better prices with multi operators, the in-building wireless solution providers are designing systems with robust capabilities to extend support for dedicated capacity and reduced radiations. The in-building wireless ecosystem players are consolidating their position in the highly competitive market through mergers and acquisitions, design partnerships, to build feature-rich solutions and attain better market visibility.Analysts believe that the changing user behavior and public safety norms, along with the need for cost-efficient and effective communication infrastructure are propelling the growth in the in-building wireless market. Though the adoption of these solutions was initially gradual, due to concerns about cost, trained labor, and government regulations, these solutions are witnessing wide acceptance across various verticals. The convenience of flexible, mobile, and the seamless support for high data rate delivery that in-building wireless solutions provide is expected to bring more demand for these solutions. To serve an audience with different solution requirements, the in-building wireless solution providers and their industry partners are addressing the installation challenges by designing solutions that adhere to the compliance standards. The amalgamation of in-building wireless within the existing communication framework will improve workforce productivity and enhance the ability to coordinate with local emergency responders.The owners/managers of large, medium, and small-sized buildings are strategically analyzing the in-building wireless solutions for their existing as well as new buildings to ensure pervasive coverage for occupants and create an excellent facility to deliver improved customer satisfaction. The in-building wireless solutions are gaining traction in the small-sized building market with the advent of small cell technology.

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