In 2021, the global wireless infrastructure market reached a size of USD 178.56 billion. Projections indicate a substantial increase, ascending from USD 202.43 billion in 2022 to a projected USD 427.43 billion by 2029. This growth is expected to occur at an impressive Compound Annual Growth Rate (CAGR) of 11.27% during the forecast period. The research report, titled "Wireless Infrastructure Market, 2022-2029," conducted by Fortune Business Insights™, delves deeply into these insights.
The analysis underscores a surge in demand for high-speed data within both residential and commercial sectors. This, in turn, is expected to drive investments across economies at varying stages of development, spanning from emerging to advanced. A noteworthy trend is the increasing interest in satellite-based connectivity, particularly within the marine and defense sectors. This trend is poised to attract investments in this particular segment. Additionally, there is a positive outlook regarding investments in 5G technology, indicating promising growth prospects in the forthcoming years.
Informational Source:
https://www.fortunebusinessinsights.com/wireless-infrastructure-market-102741
List of Key Players Profiled in the Wireless Infrastructure Market Report: