According to a new report, published by KBV research, The Global Wireless Connectivity Market size is expected to reach $236.6 billion by 2031, rising at a market growth of 13.4% CAGR during the forecast period.
The Wi-Fi segment is leading the Global Wireless Connectivity Market by Technology in 2023; thereby, achieving a market value of $54.1 billion by 2031. Wi-Fi technology's widespread adoption in homes, offices, and public spaces, which is driven by the growing demand for high-speed internet connectivity, is the primary factor contributing to the segment's growth. In addition to its use in homes and businesses, Wi-Fi technology is increasingly being deployed in public spaces such as airports, coffee shops, hotels, and shopping malls.
The IT & Telecom segment is registering a CAGR of 13.1% during (2024 - 2031). This segment's expansion can be attributed to the growing popularity of cloud computing, big data analytics, and other digital technologies that depend on wireless connectivity for data transfer and communication. Furthermore, the demand for wireless connectivity solutions in the IT & telecommunications sector has been enhanced by the increasing prevalence of digitalization and remote work in various industries.
Full Report: https://www.kbvresearch.com/wireless-connectivity-market/
The Asia Pacific region dominated the Global Wireless Connectivity Market by Region in 2023; thereby, achieving a market value of $92.2 billion by 2031. The North America market is poised to grow at a CAGR of 12.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 13.1% during (2024 - 2031).
By Technology
By Application
By Geography
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