Next-Generation Wireless
Network Market Revenue, Industry Growing Demand, Top Companies, Regional
Outlook Up To 2031

The global next-generation
wireless network market is expected to grow at a significant CAGR during the
forecast period (2024-2031). Radio waves are used to send and receive data in
wireless technology. Wireless technology is continually evolving, starting with
0G (such as radio-telephones) and progressing to 5G, the next-generation
wireless technology. Owing to its high data transfer speed and stability, 4G
LTE (4th Generation Long-Term Evolution) and WiMAX technologies are currently
evolving and have a wide range of applications. The 5G wireless network, which
will run on extremely high frequencies and have a large capacity and minimal
latency will be the next generation of wireless networks. 

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More services are emerging as
IoT (Internet of Things) connection grows. Two services are available in the
low-power wide-area network. Sigfox and LoRa technology is revolutionizing IoT
connection by substantially reducing cost and energy consumption. Both
technologies are designed for uplink-only broadcasts with a large number of
endpoints. Another method, known as RPMA (Random Phase Multiple Access), has
been developed, with outstanding upload and download capacity and coverage.
GPS, cellular phones, home entertainment system control boxes, satellite
television, wireless LAN, and many other applications use wireless technology.
High speed, cost-effective pricing, and an increase in applications and
consumption are pushing the market growth. 

In addition, the internet of
things (IoT) is propelling the market at a rapid pace. Apart from offering more
coverage and secure access than existing networks, the next-generation wireless
network also provides better coverage and security. The growing number of
wireless applications, such as self-driving cars, drones, home appliances, and
industrial equipment, is having a substantial impact on the demand for
next-generation wireless networks. Some of the problems restricting the growth
of the global next-generation wireless networks market include interoperability
with existing technology, compatibility issues with older devices, and costly
initial investment.

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Market Coverage

• Segment Covered- 

o             By Type 

o             By End-User  

• Competitive Landscape: Qualcomm Technologies, Inc., IBM Corp., and
  Cisco Systems, Inc., among others.      

Key questions addressed by the
report

• What is the market growth rate?


• Which segment and region dominates the market in base year?


• Which segment and region will project fastest growth in the market?


• How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the market?


• How players are addressing challenges to sustain growth?


• Where is the investment opportunity?

Global Next-Generation
Wireless Network Market Report Segmentation

By Type 

•                
Fixed Wireless

•                
Mobile Wireless

•                
Portable Wireless

•                
IR Wireless

By End-User 

•                
Telecom & IT

•                
Healthcare

•                
BFSI

•                
Automotive 

•                
Others 

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