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Wireless Connectivity Market Projected to Hit USD 214.3 Billion at a CAGR of 15.2% CAGR by 2030 – Report by Market Research Future (MRFR)



New York, US, Sept. 20, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Wireless Connectivity Market Research Report, By Technology, Deployment, Application, Type – Forecast To 2030”, the market is anticipated to flourish at a robust CAGR of approximately 15.2% to reach USD 214.3 Billion during the assessment timeframe.

Report Scope:

Report Attribute/Metric Details
  Market Size by 2030   USD 214.3 Billion
  CAGR   15.20% (2022-2030)
  Key Market Opportunities   The fast progress in radio frequencies, internet, and IoT.
  Key Market Drivers   The increasing demand for cloud computing and related technologies.
  The increasing usage of the IoT and artificial intelligence (AI).

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Wireless Connectivity Market Overview:

The wireless connectivity market is a rapidly growing space. The penetration of information & communication technology substantiates the market size. Besides, the increasing demand for wireless connectivity for fast data transfer and exchange of information across the globe drives the growth of the market. Also, the proliferation of cellular systems and wearables substantiates the market demand.

With the growing demand for cloud computing and related technologies, the market is expected to continue to grow in the years to come. Market Research Future (MRFR) asserts that the global wireless connectivity market is poised to create a valuation of USD 214.3 BN by 2030, growing at a 15.2% CAGR throughout the assessment period (2022-2030). 

Robust wireless networks and wireless connectivity solutions are vital to support digitization and industrial automation, including autonomous and teleremote solutions to strengthen safety and productivity. Innovative wireless solutions are important for an ever-evolving connected world. Improving connectivity protocols, including Wi-Fi, Bluetooth, Sub-1 GHz, and Zigbee, positively impacts market growth. 

Many players in the market are offering a portfolio of affordable and quality wireless connectivity solutions. These protocols Integrate wireless functionality through innovations such as protocol standardization and help users to get started with IoT-connected projects and advanced security features. Industry-leading standby current, industrial temperature support, and high-quality RF are used to develop connected applications.

The advent of 5G networks has expanded wireless networks, enhancing existing connectivity services. This ubiquitous technology would create massive technological disruptions and connectivity for an extensive range of applications. Besides, wireless technology has enabled various industries to connect and enhance their efficiency, performance, and value. 

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Industry Trends

Digital devices are seeing increasing uses to improve interfaces in real-time web surfing & applications, thereby significantly increasing data usage over wireless networks. The growing adoption of communication platforms boosts market revenues. The wireless network ecosystem offers immense advantages for personal and commercial purposes. Therefore, it is extensively used to deploy and build a home wireless network.

Growing applications such as medical, smart home, asset tracking, personal electronics, and more drive the market demand. Wireless connectivity technologies offer some attractive advantages, such as eliminating wired solutions, internet connectivity from anywhere in the ISP’s service area & internal network, reasonable costs compared to DSL & cable, and simple installation & maintenance.

Digital transmission of data with higher efficiency & ease associated with the process substantiates the market shares. The advent of cell phones, tablets, and high-tech hand-held devices connected to wireless networks fosters the wireless communication market size. Additionally, spurring growth in the number of end-users encourages market development.

On the flip side, technical issues related to connectivity and networks are the major factors predicted to impede market growth. Also, the lack of expertise and infrastructure in rural areas challenges the wireless connectivity market growth. Nevertheless, the growing availability of futuristic technologies would support market growth throughout the forecasted period. 

Wireless Connectivity Market Segments

The wireless connectivity market is segmented into types, technologies, deployments, end-user industries, and regions. The segment is sub-segmented into local wireless networks (WLANs), WPANs (wireless personal area networks), satellites, M2M using cellular technology, and others. The technology segment is sub-segmented into Bluetooth, WI-FI, ultra-wideband, NFC, cellular, Zigbee, and others. 

The deployment segment is sub-segmented into control devices, gateways, cloud industries, and others. The industry segment is sub-segmented into healthcare, wearables, public security, energy, automotive, consumer electronics, and other industries. The region segment is bifurcated into the Americas, Asia-Pacific, Europe, and the Rest-of-the-World.

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Wireless Connectivity Market Regional Analysis

North America dominates the global wireless connectivity market, headed by the presence of major industry players such as Cisco Systems, Texas Instruments, Microchip Technology, and others. Besides, the rising adoption and demand for wireless connectivity solutions across major industries drive the growth of the market. High R&D investments and advances in wireless technologies fuel market revenues. 

Europe is another rapidly growing market for wireless connectivity solutions. Factors such as increasing purchasing power and the penetration of wearables and medical devices escalate the market value. Moreover, the rise in end-user industries, such as healthcare, public security, energy, automotive, consumer electronics, and other industries, boosts market revenues. The proliferating information technology substantiates the market growth.

The Asia Pacific region accounts for a considerable share of the global wireless connectivity market. The presence of well-established market players and increased adoption of connected devices and digital technologies such as smartphones, laptops, and tablets influence regional market growth. Japan, Australia, and South Korea account for considerable shares in the Asia Pacific market. 

Wireless Connectivity Market Competitive Landscape

Highly competitive, the wireless connectivity market appears fragmented due to several well-established market players forming a competitive landscape. Industry players initiate strategies such as collaboration, mergers & acquisitions, expansion, and product launches to gain a competitive share. The growing use of smart connected devices escalates the market value.

These players rely on collaboration and partnerships with other players to innovate solutions and cut down development costs and time. Technology providers use a variety of distribution channels and are increasingly engaging social media to generate inbound leads. 

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For instance, on Sep.19, 2022, Epiroc, a leading global productivity and sustainability partner for the mining and infrastructure industries, announced its plan to acquire a majority stake in Radlink, a mine wireless connectivity solutions company. Radlink delivers and integrates wireless data & voice communication networks supporting infrastructure to the surface and underground mines across Australia.

Players leading the global wireless connectivity market include STMicroelectronics NV (Switzerland), Cisco Systems Inc (US), Texas Instruments Inc. (US), Microchip Technology Inc. (US), Intel Corporation (US), Cypress Semiconductor Corporation (US), NXP Semiconductors (Netherlands), QUALCOMM Inc. (US), AT&T Inc. (US), and Renesas Electronics Corporation (Japan), among others.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI




Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation
BENGALURU, India, Sept. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth.

Generative AI has opened new avenues of AI applications and key enterprise functions across industries, and Infosys is providing services, frameworks, solutions, and platforms in multiple application areas, such as semantic search, document summarization, contact center transformation, AI-augmented software development lifecycle (SDLC) and marketing content creation. For example, Infosys helped a leading financial services company implement an AI-based solution to generate document summaries and provide a semantic search capability using generative AI. This resulted in automated organization of documents, which significantly reduced efforts and improved productivity of their financial advisors.
Through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, in order to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers’ operational efficiency, decrease turn-around-time, future-proof investments, and open new business models.
Balakrishna D. R. (Bali), Executive Vice President and Global Head – AI and Automation, Application Development & Maintenance, Infosys, said, “Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services. It converges the power of Infosys Cobalt and data analytics to AI-power business and deliver cognitive solutions and intuitive experiences that revitalize growth. Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises.”
Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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Vena Closes First Half of 2023 With Record Revenue, Customer Base and Partnerships




CPM leader notches impressive year-over-year revenue growth alongside continued recognition of platform capabilities  
TORONTO, Sept. 26, 2023 /PRNewswire/ — Vena, the Intelligent Complete Planning platform loved by finance and trusted by business, entered the second half of 2023  with considerable customer momentum and revenue growth following fiscal H1. The company welcomed more than 200 new customer wins and saw continued success across Vena’s Services and Solutions Partner Ecosystem.  

Vena’s award-winning cloud corporate performance management (CPM) software empowers leading companies and organizations worldwide, such as Nike, Kansas City Chiefs, Coca-Cola Consolidated, WWF-Canada and over 1,600 more, to plan for anything and succeed through today’s uncertainty. For Metro Supply Chain Group, Vena has helped them run multliple scenarios and use multiple forecasts to aid decision making. “Operational metrics are important, but the story is not complete until you can see how they impact your costs, revenue and EBITDA margins. Vena is our way of bringing that all together and measuring the health of our business,” explains Paolo Mari, VP of Business Analytics and Commercial Management at Metro Supply Chain Group. 
According to Vena CEO Hunter Madeley, Vena’s growth has been fueled by the ever-increasing need for customers to derive insights from internal and external data and take purposeful action.  
“Our customers are leveraging Vena to navigate their best path through what continues to be highly variable market conditions for most organizations. The Vena Insights product, which puts the power of AI in the hands of our customers, has seen tremendous uptake this year as finance and operations teams become stronger strategic partners for their organizations. Whether leaning on the experience and knowledge of our service and support teams, or the strength of our expansive Partner ecosystem, our customers are taking full advantage of the investments we continue to make in our platform. We remain grateful to the entire Vena community for their continued support, and we look forward to serving record numbers of customers and partners in 2023,” says Madeley. 
The company, which offers an industry-leading corporate performance management platform that helps organizations plan for anything, also hosted another successful Excelerate Summit in May. The yearly global virtual summit and new this year, a local in-person event in the UK, featured 40+ speakers and drew more than 3,000 finance and business leaders from around the world. Vena previewed expanded solution offerings, including new Partner-built preconfigured solutions (PCS), at Excelerate Summit 2023. The annual conference saw record Partner participation rates with an increase of 80% over 2022 across Partner speakers, attendees and exhibitors. 
Growth in Vena’s revenue and customer base has been accompanied by numerous industry accolades, including:  
Recognized for the fourth consecutive year with a TrustRadius Tech Cares award for going above and beyond to support employees and communities across five areas of focus ( Volunteerism; Robust diversity, equity and inclusion programs; Charitable donations and fundraising; Workplace culture, including support for remote and in-office employees;  Demonstrable support for environmental sustainability). Earning multiple 2023 TrustRadius Top Rated Awards in four categories: Corporate Performance Management (CPM); Budgeting and Forecasting; Financial Close;  Cash Flow Management. Recognition as a Leader in the 2023 Nucleus Research CPM Technology Value Matrix, which acknowledged Vena’s enablement of  “customers to make data-driven decisions, uncover actionable insights and drive growth across their business.” About Vena Vena is the only Intelligent Platform for Complete Planning that’s natively integrated with Microsoft 365, empowering teams to plan the way they think. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and flexible modeling capabilities to help business, finance and operations leaders make informed business decisions. With Vena, you can leverage the power of Microsoft Excel and AI-powered insights in a unified, cloud-based platform that enhances collaboration, scalability and security. Over 1,600 of the world’s leading companies rely on Vena to power their planning. For more information, visit  
MEDIA CONTACT Jonathan Paul Senior Director, Content & Communications, Vena [email protected] 
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EdrawMind V10.9.0 ‘s New Features Revolutionizing the Way Users Visualize Ideas




VANCOUVER, BC, Sept. 26, 2023 /PRNewswire/ — Wondershare Technology, a globally recognized software company, is excited to announce the release of EdrawMind V10.9.0, the latest version of their leading mind mapping and brainstorming tool. This update introduces a range of features aimed at revolutionizing the way users visualize ideas, enhancing efficiency, and fostering creativity. By harnessing cutting-edge technology, this new version seeks to cater to the diverse needs of professionals, students, and anyone looking to transform their thoughts into organized, dynamic, and visually appealing diagrams.

Integration with OpenAI: This feature enables seamless interaction with ChatGPT, integrating powerful AI capabilities into EdrawMind, thereby improving user experience through intelligent suggestions and assistance.Intelligent Document Parsing: EdrawMind can now intelligently analyze and process documents, extracting key information and assisting users in creating mind maps based on existing documents.PPT Generation: A valuable addition for users seeking to convert their mind maps into presentation slides efficiently.Inspiration Space: This dedicated space within the software encourages brainstorming and idea collation, thus streamlining the creative process.Exploration of Audio and Video: EdrawMind V 10.9.0’s new capability to handle audio and video content allows users to enrich their mind maps with multimedia elements.Versatile and Vertical Mind Map Posters: This feature provides users with myriad options for creating and customizing mind map posters, both in terms of layout and design.”In our relentless pursuit of enhancing user experiences, we are thrilled to introduce the integration of OpenAI into EdrawMind. This transformative update brings AI-driven features like intelligent file parsing and effortless PPT generation directly to our users, empowering them to achieve new levels of productivity and creativity. But our commitment doesn’t end here. We envision a future where our AI continually evolves, learns, and adapts to better serve and inspire our users on their creative journeys.” – Iris Liu, Head of Wondershare BrandingWondershare
Compatibility and Price 
Wondershare EdrawMind is compatible with Windows, Mac, Android and iOS and pricing starts at $39 for a six-month subscription. For free trials and downloads, please visit our official website or follow us on YouTube, Facebook, Twitter, and Instagram to learn more about EdrawMind.  Additionally, with an EdrawMind membership, you can enjoy cross-platform benefits across all EdrawMind platforms.
About Wondershare
Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life. 
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