The global WiGig market is growing at a significant CAGR of around 25.8% during the forecast period (2020-2026). WiGig refers to a network protocol, where the devices can communicate wirelessly at multi-gigabit speed. The WiGig market is driven by the continuous rising demand for fast data transfer from IT & telecom sector. In addition, the rising demand for portable consumer electronics and launch of new frequency bands are further contributing in the market growth across the globe. The total number of smartphone users in North America `is estimated to be 229 million in 2016, which is further estimated to reach 272 million by the year 2020 as per Centre for Digital Information (CDI). Such rise in consumer electronics demand with the deployment of advanced technologies will accelerate the market growth during the forecast period.
To Request a Sample of our Report on Global Wireless Gigabit (WiGig) Market: https://www.omrglobal.com/request-sample/wireless-gigabit-wigig-market
Rising trend of BYOD and enterprise mobility is one of the major factors that is estimated to develop growth opportunities for the growth of the WiGig market. BYOD is making noteworthy progress in the corporate world, it is estimated that more than 75% of the employees in the emerging economies such as India, China, Brazil, and Russia are using their devices at their workplace, and 44% of the employees in developed countries such as the US and Germany are using their devices at workplace. These are the major factors indicating the increasing trend of BYOD and mobility in the enterprise, in turn, will offer growth to the WiGig market in the near future. However, the increasing manufacturing cost and complex embedded chipsets of WiGig will affect the market growth during the forecast period.
(Get 15% Discount on Buying this Report)
A full Report of Global Wireless Gigabit (WiGig) Market is Available at: https://www.omrglobal.com/industry-reports/wireless-gigabit-wigig-market
Global WiGig Market Segmentation
By Product
- Consumer Electronics
- Smartphone
- Laptops & Tablets
- Projectors
- Others (Digital Camera)
- Network Infrastructure Devices
- Routers
- Backhaul Stations
- Others (Adapters)
By Application
- BFSI
- IT & Telecom
- Government
- Healthcare
- Others (Retail)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
