New report promises explosion of wireless - on both sides of the pond.
Established wireline and wireless network providers will be among the big beneficiaries of the $163 billion USD to be spent worldwide over the next five years on WiFi services and equipment, according to a new market research study from Insight Research Corporation. WiFi is a technology that combines Ethernet and wireless communications, making it possible for computers and other electronic gear to send and receive high-speed data in a local area network without a wired connection.
Insight Research's analysis of the WiFi industry, WiFi in North America and Europe: Telecommunications' Future 2003-2008, suggests that wireless LAN technology - increasingly popping up in public spaces such as airports and cafes, in private residences, and in businesses - will grow faster in Europe than North America. Worldwide WiFi revenues are expected to grow from $7 billion USD in 2003 to over $44 billion USD by 2008, at a compounded annual rate of 44 percent.
The analysis further finds that the takeup of broadband is in a reciprocal relationship with the adoption of WiFi, with the two technologies driving each other's prevalence.
The report examines the factors driving adoption of WiFi, equipment revenues, and service-related revenues. This industry research report forecasts revenues for North America and Europe by core network equipment, antennas, end-user devices, wireless Internet service providers (WISPs), traditional ISPs, fixed operators, and mobile operators. The growth of worldwide WiFi hotspots locations is also projected over the 5-year forecast period.
WiFi is indeed becoming big-business, as its increasing inclusion in handhelds goes to show. Even relatively low-end PDAs now include integrated wireless or at least have a suitable expansion slot, and this is a good measure of the popularity of the technology.
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