Wireless Internet Services Global Market To Reach Value Of About $725 Billion In 2025
26 Aug, 2021
The wireless internet services market consists of sales of wireless internet services and related products that offer internet access services over wireless communication network to consumers and businesses. Wireless Internet service is a form of internet service, which offers wireless connectivity.
Global Wireless Internet Services Market Size And Drivers:
The global wireless internet services market is expected to grow from $557.74 billion in 2020 to $571.48 billion in 2021 at a compound annual growth rate (CAGR) of 2.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $725.32 billion in 2025 at a CAGR of 6%. The government initiatives aiming at developing infrastructure is a key factor driving the growth of the wireless internet services market.
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Trends In The Global Wireless Internet Services Market
The companies in the wireless internet services market are increasingly implementing Li-Fi (Light Fidelity) technology to improve their 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 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.
Global Wireless Internet Services Market Segments:
The global wireless internet services market is further segmented based on type, application, end user and geography.
By Type: Community Hotspots, Public Hotspots
By Application: Education, Financial Services, Healthcare, Hospitality, Retail, Telecom & IT, Transportation, Others
By End User: Enterprises, Communication Service Provider And Network Operators, Government
By Geography: The global wireless internet services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Wireless Internet Services Market At:https://www.thebusinessresearchcompany.com/report/wireless-internet-services-global-market-report-2020-30-covid-19-implications-and-growth
Wireless Internet Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wireless internet services market overviews, analyzes and forecasts market size and growth for the global wireless internet services market, wireless internet services market share, wireless internet services market players, wireless internet services market segments and geographies, wireless internet services market’s leading competitors’ revenues, profiles and market shares. The wireless internet services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.