Impact of COVID-19 on the Wireless Internet Services Industry, 2020-2030
DUBLIN, June 19, 2020 /PRNewswire/ -- The "Wireless Internet Services Global Market Report 2020-30: COVID-19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.
The global wireless internet services market is expected to grow from $569.2 billion in 2019 to about $968.7 billion in 2020 as the spread of COVID-19 and the lockdown as a result of it has led to a sharp increase in the demand for wireless internet services. People are at home all day and involved in either work-from-home, connecting remotely with their peers, and increasingly using internet services for both work and entertainment. The market is expected to stabilize and reach $717.9 billion at a CAGR of 6% through 2023. North America was the largest region in the wireless internet services market in 2019.
The companies in the wireless internet services market are increasing implementing Li-Fi (Light Fidelity) technology to improve its service offerings. Li-Fi or light fidelity uses light signals to transfer data between devices and produces a greater range than Wi-Fi, with transmission speeds of up to 224 gigabits per second. Smart homes will rely on the Li-Fi technology in the future because it is faster and more reliable as light cannot penetrate through walls, and the signal cannot be compromised from a remote location. For instance, Oledcomm is releasing a robust Network for LiFi optical wireless networking solutions for B2B & B2 G in 2020. With the launch of MyLiFi in 2018 and LiFiMAX in 2019, the Internet of High Speed via Invisible Light, Oledcomm is expanding its global leadership in LiFi.
In April 2019, AirTies, a provider of managed in-home Wi-Fi solutions acquired Technicolor's for an undisclosed amount. The acquisition of Technicolor's talented team further scales AirTies software development and management capabilities to meet the increasing demand for Smart Wi-Fi. Technicolor's, a Paris based company, Wi-Fi Management Software Business.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider wireless internet services market, and compares it with other markets.
Key Topics Covered
4.2. Global Wireless Internet Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Wireless Internet Services Market Regional And Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/wz19jj
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