In-building Wireless Market Trends

Growth Drivers

• Increasing Use of IoT in Industrial and Commercial Settings - To increase the use of the Internet of Things for the automation of processes and to increase the speed of operations, organizations in different sectors are constantly striving. Therefore, the proliferation of the Internet of Things and related technologies would give rise to numerous opportunities in the wireless market for buildings. Through a variety of applications and use cases, the In-Building Wireless Network allows users to connect various sensors, machines, people, vehicles, or other devices. Issues such as reliability, service quality, security, and compliance are dealt with by any in building a wireless network. Several prominent businesses are striving to integrate in-building wireless networks into the Internet of Things, including Cisco, Samsung, and Nokia.
• Increased Penetration of Smartphones - The desire for smart and intelligent gadgets combined with the growing use of mobile phones is expected to fuel the expansion of the in-building wireless market overall. As per a report, for the first time since 2018, the anticipated 2022 global smartphone penetration rate was 68%. Simple oral communication devices have given way to more complex, intelligent, and multipurpose mobile devices in recent years. In the upcoming ten years, the commercialization of the next-generation 5G network is predicted to have a beneficial impact on the trends in the in-building wireless industry.
• Surge in the Demand for Sustainable and Smart Buildings - It is projected that one of the main contributing factors to the rise in demand for in-building wireless solutions will be the growing number of buildings being constructed with an emphasis on contemporary and sustainable design. In addition, there will be a need for in-building wireless solutions due to the growing trend toward intelligent and smart buildings, the need for reliable and effective in-door connectivity, and the need to increase business assurance for certain important applications. It is expected that the availability of unlicensed and shared spectrum worldwide would influence the direction of the global market.

Challenges

• Growing Incidence of Cyberattacks - Users of RANs and in-building wireless are becoming more concerned about security and privacy because of the increasing number of hacks occurring globally. The design of the C-centralized RAN is susceptible to several dangers, such as cyberattacks, intrusion attacks, and single points of failure. However, it is anticipated that market participants would take proactive steps to enhance the cyber security capabilities of their products to shield users from falling prey to online fraudsters. Therefore, the growing cases of cyberattacks and threats may hinder the growth of the in-building wireless market.
• Supplying affordable backhaul connectivity for small & medium-sized buildings could potentially impede the market's growth.
• Higher Upfront Costs May Hinder Market Growth