Global Wireless Gigabit (Wigig) Market– Overview
In the blooming era of wireless technology, Wireless Gigabit or WiGig is one of the latest innovations. The WiGig is an advanced stage of wireless technology that operates in a wireless platform over the bandwidth of 60 Hz or more. WiGig is designed in a manner to enable faster communication and quick transmission of data. It has way more data transfer rate than that of WiFi.
Besides high speed, WiGig also provide accuracy and high level of security while transferring the data. At present, the WiGig technology market is at its budding stage. The dubbed version of WiGig is yet to be launched. Most probably it will be launched in the initial year of the forecast period. Further, advent of WiGig will enable the users to connect their mobiles and computers without any cables.
As per market analysts, at present, the WiGig market is at its budding stage and is anticipated to be drive by various factors such as ongoing technological innovations and developments in the field of communications. Further, growing demand for secured communication channel is likely to shape the global WiGig market over the forecast period.
It is estimated that introduction of WiGig is projected to revolutionize the communication field and the predicted speed is somewhere 10 times more than current WiFi.
The upcoming report on the global wireless gigabit (Wigig) market is a comprehensive study of its drivers and trends that will contribute to growth of the ireless gigabit (Wigig) market is between 2019 and 2028. The report has emphasized on segments that are likely to contribute significantly to growth of the market. Also, regional growth is covered in the report.
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Global Wireless Gigabit (Wigig) Market- Notable Developments
Key companies operating in the global WiGig market are anticipated to bring change to 802.11ac in an advanced version 802.11ad. The transition is anticipated to support more number of users on network, subsequently augmenting the number of devices operating on the network.
One of the key factors likely to fuel adoption rate of the WiGig is availability of Multiple Input Multiple Output (MIMO) option feature.
Some of the key industry players in the WiGig industry include Cisco Systems, Inc., NEC Corporation, Azurewave Technologies, Inc., Qualcomm, Intel Corporation, Broadcom Corporation, MediaTek, Marvell Technology Group Ltd., Panasonic Corporation, and Nvidia Corporation.
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Global Wireless Gigabit (Wigig) Market- Drivers and Restrains
Advent of sophisticated communication devices such as highly advanced smart phones, tablets, ultra books, and similar devices are anticipated to present lucrative opportunities for growth of the global WiGig market during the forecast period. Such devices require data sharing and instant synchronization, which makes WiGig highly compatible.
On the other hand technological constraint is may impeded growth of the WiGig market in forthcoming years.
Global Wireless Gigabit (Wigig) Market- Regional Outlook
Asia Pacific is likely to hold prominent position in the global wireless gigabit (WiGig) market owing to largest share of revenue in the past. The trend is anticipated to continue during the forecast period as well. The growth rate is ascribed to rising production of routers and ethernet switches in emerging economies of the region, that include China, Japan, and India.
Further, increase in IT spending and budget allocations for the department in developing countries are likely to fuel demand for technologically advanced products in order to upgrade the existing enterrpises.
Wireless technology is in vogue at present. People have a huge preference for wireless devices because of its speed and convenience. The most recent innovation in wireless technology is Wireless Gigabit or WiGig. In simple terms WiGig is a wireless technology which operates in a wireless platform over the bandwidth of 60 Hz or more. WiGig is thus designed so as to facilitate faster communication and rapid data transmission. It also possesses more speed than WiFi.
WiGig also ensures high level security and accuracy in data transfer. The current market for WiGig technology is at an introductory phase and the dubbed WiGig is due to be launched in products next year. It will enable users to connect their mobiles and computers without wires.
The WiGig market is at a nascent stage. This market at present is driven by certain influences like rapid technological innovation in the field of communications and the need for more secure communications. WiGig is expected to revolutionize the communications market. It is expected that WiGig will speed up the current WiFi system almost 10 times.
The major holdback of the WiGig market is the technological constraint. The current WiGig market is estimated to run on frequencies over 60Hz; at present 2.4 to 5 GHz frequencies are used in current WiFi products. This will require the upgrade of the presently used wireless communication interfaces.
The major opportunity in the WiGig market is the advent of more sophisticated communication devices like ultrabooks, tablets, highly advanced smart phones etc. These devices require instantaneous synchronization and data sharing and WiGig has the potential of serving these devices.
The overall WiGig market can be segmented on the basis of types of products in which WiGig is used and the various applications of WiGig. The WiGig enabled products can be classified as communication devices i.e. mobile phones, computers, docking stations, tablets and others, consumer electronics such as TVs and digital cameras and networking devices. On the basis of applications the WiGig market is classified as wireless docking systems, wireless display systems and wireless backup via synchronization systems.
The major players in the WiGig market at present are, Nitero, Wilocity, Blu Wireless technology, Cisco, Nvidia and NEC Corporation. Since this technology is at its introductory phase, the domestic players do not have much of a role to play. The other players in the global WiGig market are Silicon image, Qualcomm Atheros, Azurewave, Broadcom etc.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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