Companies are increasingly adopting the bring-your-own-device (BYOD) policy, as it aids in saving operational costs. The policy also provides convenience to the employees, who are more comfortable with working on their own device. However, people carrying their own devices, such as laptops and tablets, need to connect their devices to peripherals, such as mouse and local area network (LAN). In order to eliminate the requirement for individually connecting these devices, businesses are making use of WiGig in docking stations that would connect all computer peripherals. By making use of this technology, employees only need to connect their laptops to the dock.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/wigig-market/report-sample
The WiGig technology is a wireless standard designed to provide high wireless speeds and work on an altogether different frequency. Conventional wireless internet makes use of 2.4 GHz and 5 GHz bands, while WiGig makes use of 60G Hz bands for transmitting information. According to a P&S Intelligence report, in 2018, the global WiGig market generated revenue of $1,078.7 million, and it is projected to reach a value of $4,386.1 million by 2024, at a 27.9% CAGR during the forecast period (2019–2024). The two types of WiGig are 802.11ac and 802.11ad, between which, the former was more in demand in 2018.
The two major products which use the WiGig technology are networking devices and consumer electronics. Between these, consumer electronics made more utilization of the WiGig technology in 2018, which is ascribed to the rising requirement for portable consumer electronics that support faster internet services. This is why consumer electronics are predicted to create the largest demand for the technology in the near future as well. The entire WiGig market is driven by two technologies, namely integrated circuits and system on chips (SoC), between which the SoC technology used more in WiGig devices in 2018. This was due to the rising penetration of smartphones in countries including India and China.
Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=wigig-market
The different industries which make use of WiGig include retail, residential, banking, financial services, and insurance (BFSI), IT & telecom, healthcare, and government. Out of these, the IT & telecom industry is expected to make the most use of WiGig communication in the coming years, while its fastest adoption is predicted to witnessed in the healthcare industry. These solutions are increasingly being used in mission-critical applications in the industry, including telemedicine, cardiac and radiology imaging, and handheld scanners. The expansion of the healthcare industry is further providing opportunities to the companies operating in the domain.
No comments:
Post a Comment