The global wireless data communication market is growing rapidly. The market growth attributes to the penetration of information & communication technology in the healthcare sector and the proliferation of cellular systems. Besides, the increasing demand for wireless data services for exchanging information across the globe drives the growth of the market. Moreover, the growing adoption of smart connected devices escalates market growth.
According to Market Research Future (MRFR), the global wireless data communication market is poised to create a valuation of USD 1867.8 MN by 2023, growing at 18.6% CAGR throughout the assessment period (2018-2023). The main aim of deploying digital devices is to improve interfaces in real-time web surfing and applications, which significantly increases data usage over wireless networks. Rising adoption of communication platforms boosts market growth.
Attractive advantages of wireless data communication technologies such as elimination of manual documentation, error-free archiving, digital transmission of data, and the higher efficiency & ease associated with the process substantiate the market growth. The advent of advanced cell phones, tablets, and high-tech hand-held devices connected to wireless networks fosters the growth of the wireless communication market. Additionally, spurring growth in the dramatically rising end-users encourages market demand.
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Global Wireless Data Communication Market – Regional Analysis
North America dominates the global wireless data communication market. The largest market share attributes to the presence of major industry players such as Qualcomm, Verizon Wireless, AT&T, Cisco, Intel, Google, and others in this region. Besides, the early adoption and rising demand for wireless data communication drive the growth of the market.
Moreover, high R&D investments and advancements in wireless technologies fuel the growth of the wireless communication market. The increasing adoption of the technology in quadrupling numbers of hospitals and the consolidation of healthcare sectors, influence the regional market growth. The North American wireless data communication market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global wireless data communication market. Market growth attributes to the increasing purchasing power and the penetration of medical devices. Moreover, established healthcare sectors and increasing per capita healthcare expenditures substantiate the growth of the regional market. Besides, the proliferating information technology and pharmaceutical industry in the region fuels the market growth. The European wireless data communication market is expected to create a substantial revenue pocket during the review period.
The Asia Pacific region holds a considerable share in the global wireless data communication market. Factors such as the strong presence of notable market players and increased adoption of connected devices and digital technologies such as smartphones, laptops, and tablets boost the regional market growth. Australia, Japan, and South Korea account for considerable shares in the Asia Pacific market. Whereas, China and India hold significant shares in the regional market due to the rapid economic development. The APAC wireless data communication market is forecasted to grow at an impressive CAGR during the assessment period.
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