In-building Wireless Market with Competitive Landscape, Strategic Assessment and Forecast till 2026
Category: #technology  By Ronak Bora  Date: 2022-07-15
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In-building Wireless Market with Competitive Landscape, Strategic Assessment and Forecast till 2026

The in-building wireless market is poised to observe strong growth through 2026 owing to mounting adoption of 5G technology in varied industries across the globe. With the infamous COVID-19 pandemic leaving no scope for mobility and leading to the closure of schools, businesses, offices, and universities, people are compelled to work from home, instigating the demand for highly efficient wireless networks. In fact, various network operators have observed a surge of 60% in data traffic ever since the disease outbreak. That said, increased demand for in-building coverage and requirement for lowering the costs associated with indoor connectivity are likely to produce a demand spurt for in-building wireless solutions and devices. This has supported the overall market to record a valuation of USD 20 billion over the span of 2020 to 2026.

It would be essential to note that in-building wireless market feature distributed antenna structures to transmit wireless signals across the facility. As a matter of fact, escalating demand for enhanced network connectivity has now compelled construction enterprises to adopt in-building wireless solutions to cater to the transforming consumer requirements while ensuring significant property value. Speaking of which, wireless carrier company, Verizon, and Corning- a communications solution provider, jointly announced launch of commercial in-building cell site installations for CRE buildings. As per news reports, the initial deployments have begun in Verizon retail store sites in an attempt to offer the robust 5G Ultra-Wideband experience for its employees and customers throughout the United States.

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Such instances are expected to offer a glimpse of the impending scenario of in-building wireless industry, which is poised to expand profusely in the years to come. Underlined is a brief outline of the growth profile of the overall market in terms of component, service, deployment, end-user, and regional landscape segmentations.

In terms of the component bifurcation, in-building wireless market is characterized by microcell infrastructure segment, which as per industry analysts, would depict a growth rate of 10% through 2026; courtesy: their ability to deliver efficient performance. Microcell installations are effective within a radius of 1 mile and call for a power level of 10 watts. These systems are generally deployed at a relatively smaller facility and act as mini cellular towers that boast of the ability to ensure indoor signal coverage. Moreover, for improved performance, microcells are required to be integrated with a broadband internet network.

Based on the services sector, the support and maintenance market is anticipated to grow at a rate of 10% over the foreseeable time frame. This can aptly be attributed to the rising adoption of maintenance services across various companies to ensure the quality of service and efficient functioning of in-building wireless infrastructure. Besides, ongoing technological evolution has now enabled building enterprises to partner with service providers to support the infrastructure developments and implementations at building units.

Elaborating further, the application of in-building wireless market is largely felt across the industrial segment as modern-day industrial facilities consist of advanced sensor devices, transport vehicles, machine equipment, others. How these solutions complement the industrial operations is that they assist enterprises to integrate industrial devices and components. On top of this, these solutions also ensure robust quality of service and enhanced performance across the industrial infrastructure.

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Regionally, the global in-building wireless market is well diversified into vivid regions including North America, Europe, Asia Pacific, MEA, and Latin America. The growth in this industry predominantly comes from Europe. Estimates claim that the regional market would hold a share of 20% by 2026, driven by a thriving telecom industry and extensive digitization. Additionally, COVID-19 crisis has prompted enterprises to instruct their employees to work from home. According to a May 2020 report from the Ministry of Labor, France, nearly 25% of the employees in the country were working remotely from home by March end. Such numbers have put forth the need to ensure streamlined cellular connectivity within residential building enterprises, which is anticipated to fuel the demand for these solutions in the near future.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope and definition

1.1.1    Methodology & forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.1.1    Paid sources

1.2.1.2    Public sources

1.2.2    Primary

Chapter 2   Executive Summary

2.1    In-building wireless market 360º synopsis, 2015 - 2026

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Component trends

2.1.3.1    Infrastructure trends

2.1.3.2    Service trends

2.1.4    Deployment trends

2.1.5    End-user trends

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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