by Brianna Crandall — March 3, 2014—Global market research and consulting company MarketsandMarkets recently announced the release of a detailed report covering the rapidly growing global in-building wireless market, which the company predicts will grow from $4.05 billion in 2014 to $10.65 billion in 2019, at a compound annual growth rate (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, says MarketsandMarkets.
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. According to the report, the in-building wireless ecosystem players are consolidating their position in the highly competitive market through mergers and acquisitions and design partnerships to build feature-rich solutions and attain better market visibility.
MarketsandMarkets believes 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, says the company.
The report, In-Building Wireless Market [by System Components (Antennas, Cabling, DAS, Repeaters, Small Cells), by Business Models (Carrier, Enterprise, Host), by Building Size (Large & Medium, Small) – Worldwide Market Forecasts and Analysis (2014 – 2019), defines and segments the in-building wireless market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various challenges and opportunities impacting it along with the technology roadmap and adoption trends.
For the report, MarketsandMarkets broadly segments the in-building wireless market by type of system components: antennas, cabling, Distributed Antenna Systems (DAS), repeaters, and small cells; by business model: carrier, enterprise, and host; by end users: commercial, government, hospitals, hospitality, industrial, institutions, and retail; by building type: existing and new; by building size: large and medium, and small; and by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
