The global wireless gigabit (WiGig) market size is expected to reach USD 7.42 billion by 2024, according to a new report by Grand View Research, Inc. The increasing requirement for improved internet connectivity and better speed is driving the high-speed Internet growth across the globe. Moreover, the high penetration of smartphones and use of multiple devices are contributing to the overall industry growth. Global consumers demand high-speed connectivity without wires fastening them to their devices. Due to its capability of providing multi-gigabit data transfer, the technology is widely used in applications right from video streaming to backing up files.
As consumers demand wireless videos and data continues to grow, 802.11ad in the 60GHz spectrum shall provide more enhanced network capacity that makes it a feasible extension for the congested 2.4GHz/5GHz Wi-Fi spectrum.
Companies serving verticals such as media and entertainment, online gaming, healthcare, hospitality, educational institutions, research environments, and financial services, among others require a big bandwidth and high-speed Ethernet options. Furthermore, businesses are increasingly deploying resources to the cloud, whether a public, private, or hybrid cloud environment. Maximizing the effectiveness of cloud computing depends on the sufficient broadband speed and reliability that is also cost-effective. Such factors are increasingly contributing toward the rapid industry growth.
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However, the escalation in productivity from BYOD devices has put more pressure on wireless networks, making costs harder to control and the devices more complex to manage within an organization. Due to the growing transition toward virtualization and BYOD, business networks are struggling with increased complexity.
Further key findings from the study suggest:
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Key Topics Covered
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary Chapter 3. Market Snapshot 3.1. WiGig – Market Snapshot & Key Buying Criteria, 2014 – 2024 Chapter 4. WiGig Industry Outlook 4.1. Market Segmentation 4.2. Market Size and Growth Prospects 4.3. WiGig Value Chain Analysis 4.3.1. Vendor landscape 4.4. WiGig Market Dynamics 4.4.1. Market driver analysis 4.4.1.1. Transition from IPv4 to IPv6 4.4.1.2. Growing BYOD and IoT trends 4.4.2. Market restraint analysis 4.4.2.1. Rising cost of IPAM 4.5. Key Opportunities Prioritized 4.6. Industry Analysis – Porter’s 4.7. Key Company Analysis, 2015 4.7.1. Company strategy overview 4.8. WiGig Market PESTEL Analysis, 2015 Chapter 5. WiGig Type Outlook 5.1. WiGig Market Share by Type, 2014 & 2024 5.2. 802.11ac 5.2.1. Global market estimates and forecasts, 2014 – 2024 5.3. 802.11ad 5.3.1. Global market estimates and forecasts, 2014 – 2024
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About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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