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Wireless Gigabit (WiGig) Market Size to Reach $7.42 Billion by 2024: Grand View Research, Inc.SAN FRANCISCO, October 27, 2016 /PRNewswire/ -- 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. (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) 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. 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. Browse full research report with TOC on "Wireless Gigabit (WiGig) Market Analysis By Type (802.11ac, 802.11ad), By Product (Consumer Electronics, Networking Devices), By Application (BFSI, Government, IT & Telecom, Retail, Healthcare), By End-Use (Large Enterprises, SMBs, Residential) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/wireless-gigabit-wigig-market Further key findings from the study suggest:
Grand View Research has segmented the global wireless gigabit market on the basis of type, product, end-use, application, and region:
Access research insight: http://www.grandviewresearch.com/research-insights/technical-ceramics-effective-alternatives-to-plastics-and-steel About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Read Our Blogs - grandviewresearch.com/blogs/technology Contact: Web: http://www.grandviewresearch.com |