Key players operating in the wireless communication solutions market include Qualcomm, Inc., Apple, Inc., Verizon Communications, Inc., Motorola Solutions, Inc., Hewlett-Packard Company, Vocera Communications, Inc., Intel Corp., Cisco Systems, Siemens AG, AT&T Inc., Vocera Communications, and Infineon Technologies.
Some factors that drive the market are demand for wireless communication, increase in mobile subscribers, installations of wireless infrastructure, and expansion of cellular networks. Increase in number of smartphone applications and the rise in demand for increasingly efficient and convenient wireless communications is anticipated to create significant opportunities for phone manufacturers and wireless network operators. Moreover, developments in cloud computing and Internet of Things (IoT) are expected to further fuel the wireless communication solutions market in the near future.. Commercial wireless communication plays a vital role for the military in order to provide extreme levels of security to protect data that may be sensitive to national security, tactical operations, or strategic goals. The information technology and electronics market has been witnessing rapid expansion in the last decade, which in turn has led to the emergence of innovative wireless devices and their supporting technologies. The challenges faced by the market is the scarcity of the wireless spectrum that limits the vision for wireless access. Wireless communication solutions provide weak security at times, in case of any third-party within the scope of coverage of a wireless network can attempt to penetrate the network. Rise in demand for smartphone applications and efficient and convenient wireless communications has generated growth opportunities for phone manufacturers and wireless network operators.
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The market of wireless communication solutions can be segmented based on type, network technology, enterprise size, end-use industry, and region. Based on type, the market can be classified as television and radio broadcasting, satellite communication, mobile telephone communication system, global positioning system (GPS), wireless local area network (WLAN) and infrared communication. In terms of network technology, the wireless communication solutions market can be classified into Wi-Fi, Bluetooth, radio-frequency identification (RFID), Zigbee, Ultra Wideband (UWB), and Worldwide Interoperability for Microwave Access (Wimax). Based on enterprise size, the market can be segregated into small and medium enterprise (SMEs) and large enterprise. Furthermore, in terms of end-use industry, the market can be bifurcated into healthcare, automotive, manufacturing, banking financial services and insurance (BFSI), telecom and information technology, defense, education, and others. Based on region, the wireless communication solutions market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. North America is projected to hold a significant share for the wireless communication solution market, due to the invention of various wireless technologies. For instance, Europe is experiencing the demand for the market due to the adoption rate of technologies.
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