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In-building Wireless Market Worth $35.5 billion by 2029, Growing At a CAGR of 12.1% Report by MarketsandMarkets™
Chicago, May 10, 2024 (GLOBE NEWSWIRE) -- The global In-building Wireless Market size is projected to grow from USD 20.0 billion in 2024 to USD 35.5 billion by 2029 at a CAGR of 12.1% during the forecast period, according to a new report by MarketsandMarkets™. The rise of IoT and smart building trends fuel demand for in-building wireless solutions. IoT technologies and smart building initiatives require robust wireless connectivity to support various sensors, devices, and systems. In-building wireless solutions provide the connectivity needed to deploy IoT applications and enable smart building functionality such as energy management, security, and automation.
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466 - Tables 49 - Figures 330 - Pages
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In-building Wireless Market Dynamics:
Drivers:
Increasing demand for network coverage and capacity.
Demand for modern and sustainable concepts of construction
Need for supporting mission-critical applications
Lack of investments from carriers in large venues
Public safety requirements in buildings
Rapid technological advancements
Restraints:
Cost constraints.
Backhaul connectivity issues
Opportunities:
Deployment of 5G networks.
Rise of IoT and smart buildings.
List of Key Players in In-building Wireless Market:
CommScope (US)
Corning (US)
Ericsson (Sweden)
Huawei (China)
Nokia (Finland)
Comba Telecom (Hong Kong)
Samsung (South Korea)
ZTE (China)
SOLiD (US)
Dali Wireless (US)
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Additionally, regulatory requirements and building codes may mandate or encourage deploying in-building wireless systems for public safety, emergency communications, and compliance with accessibility standards. This drives demand for in-building wireless solutions, particularly in sectors such as transportation & logistics, education, and entertainment & sports venues where safety and accessibility are paramount.
By business model, the service providers segment is expected to hold the largest market size during the forecast.
Service providers encompass a range of entities, including telecom operators, communication service providers (CSPs), and managed service providers (MSPs). Leading operators like AT&T, Verizon, T-Mobile, and others have established distributed antenna systems and small cell networks to extend indoor coverage. In the service provider's business model, ownership of the distributed antenna system and small cell networks can be single-carrier or shared among multiple carriers. In the latter scenario, a consortium of spectrum-owned cellular companies collaborates to share distributed antenna system ownership, facilitating broader coverage and enhanced service ...