WiGig Market Regional Analysis:
North American Market Insights
WiGig market in North America is predicted to account for the largest share of 40% by 2035 impelled by the growing number of data centers, driven by rapid digitalization, and significant investments made by digital giants such as Google, Microsoft, and Amazon in the US in constructing their own data centers to serve its cloud services. For instance, in 2022, the United States had more than 2,700 number of data centers. Particularly, in 2023, the United States had over 5,370 number of data centers worldwide.
APAC Market Insights
The Asia Pacific WiGig market is estimated to be the second largest, during the forecast timeframe led by the growing personal disposable income. This has led to an increase in the urge to always be connected as a result of which consumers are spending more money on media, entertainment, networking, and mobile communication. This may create a huge demand for WiGig in the region.
For instance, by 2027, India's household expenditure will cross over USD 2 trillion owing to a compound annual growth in disposable income of around 14%.
