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The global wireless gigabit (WiGig) market was valued at USD 1,652.5 million in 2019 and is expected to reach USD 5,236.9 million by 2025, growing at a CAGR of 20.9% during 2020-2025. The global WiGig market size is anticipated to grow, owing to the rising need for better internet connectivity, coupled with better speed are increasing the demand for WiGig across the globe. Additionally, the rapid smartphone penetration, along with significant growth in the use of many devices will further contribute to the growth of the global WiGig market.
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Wireless Gigabit (WiGig) Market The global wireless gigabit (WiGig) market was valued at USD 1,652.5 million in 2019 and is expected to reach USD 5,236.9 million by 2025, growing at a CAGR of 20.9% during 2020-2025. The global WiGig market size is anticipated to grow, owing to the rising need for better internet connectivity, coupled with better speed are increasing the demand for WiGig across the globe. Additionally, the rapid smartphone penetration, along with significant growth in the use of many devices will further contribute to the growth of the global WiGig market.
Wireless Gigabit (WiGig) Market Rising inclination towards the BYOD policy among the companies operating in the various end-use industries is creating a significant need for WiGig, which in turn drives the market over the coming years. This shift towards the BYOD is creating a scope for the companies to enhance their budgets for IT infrastructure to improve their network throughput. Significant growth in the increased use of mobile phones, laptops, desktops and other electronic devices at work is creating a significant dependency for a high bandwidth and internet speed for supporting the various applications and services.
Wireless Gigabit (WiGig) Market Some of the key WiGig market players include Qualcomm, Intel Corporation, Panasonic Corporation, Broadcom Corporation, NEC Corporation, MediaTek, Marvell Technology, Nvidia Corporation, Azurewave Technologies, Inc., and Cisco Systems and among many others. Key industry players are majorly enhancing their investments in strategic moves such as partnerships and the development of new products, which will further create new business opportunities for new industry verticals.
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