Apart from the business organizations, the residential, healthcare, government, and banking, financial services, and insurance (BFSI) sectors are also increasing their reliance on these 60 GHz Wi-Fi solutions, to meet the booming demand for high-frequency bands. Among these, the healthcare industry will become the largest user of WiGig solutions in the coming years.
Healthcare facilities are deploying such solutions to meet the need for high-speed internet that allows functionality in mission-critical application areas, such as radiology and cardiac imaging. In recent years, it has been observed that key WiGig market players like Cisco Systems Inc., Intel Corporation, Panasonic Corporation, Qualcomm Incorporated, and Broadcom Inc. have started indulging in product launches, mergers, acquisitions, and geographical expansions to gain a wider customer base.
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This is due to the increasing presence of leading semiconductor companies and the rising penetration of several wireless communication standards. Also, the semiconductor companies are making hefty investments for the deployment of WiGig solutions in the region. Whereas, the Asia-Pacific (APAC) market is expected to register the fastest growth in the foreseeable future, owing to the high penetration of internet and huge IT investments in developing countries like India and China.
Thus, the rising number of internet users and the booming adoption of portable consumer electronics will fuel the installation of WiGig solutions in the foreseeable future.
Healthcare facilities are deploying such solutions to meet the need for high-speed internet that allows functionality in mission-critical application areas, such as radiology and cardiac imaging. In recent years, it has been observed that key WiGig market players like Cisco Systems Inc., Intel Corporation, Panasonic Corporation, Qualcomm Incorporated, and Broadcom Inc. have started indulging in product launches, mergers, acquisitions, and geographical expansions to gain a wider customer base.
For example, in November 2018, Qualcomm Incorporated introduced QCA64x1 (mobile) and QCA64x8 (fixed) chipsets to support speeds up to 10 Gbps and sub-millisecond latency. Unlike the regular Wi-Fi routers, these chipsets use 60 GHz millimeter wave hardware that provides more speed than 2.4 GHz and 5 GHz bands. According to P&S Intelligence, North America emerged as the leader in the WiGig industry in 2018.
This is due to the increasing presence of leading semiconductor companies and the rising penetration of several wireless communication standards. Also, the semiconductor companies are making hefty investments for the deployment of WiGig solutions in the region. Whereas, the Asia-Pacific (APAC) market is expected to register the fastest growth in the foreseeable future, owing to the high penetration of internet and huge IT investments in developing countries like India and China.
Thus, the rising number of internet users and the booming adoption of portable consumer electronics will fuel the installation of WiGig solutions in the foreseeable future.
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