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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)

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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.

Related Reports:

Wireless Network Infrastructure Ecosystem Market Information Report: by Communication Infrastructure, Connectivity Technology, and Region — Forecast to 2030

Wireless Electric Vehicle Charger Market, by Technology, Component – Forecast 2027

Wireless Sensor Network Market Research Reprot information by Application, Sensors, Technologies- Forecast 2027

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

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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