Numerous factor such as rising demand for the high-speed data transfer, low power consumption, quick deployment and reduce manufacturing and operational cost are factors which are driving the market of the GI-FI technology market globally.
However, its covered low area compared to Wi-Fi technology and lack of skilled employee for deployment of the technology may hinder the growth of the market.
Furthermore, enhanced wireless devices, homes and offices, and high demand for the adoption of high-speed internet is expected to generate lucrative opportunities for the GI-FI technology market globally.
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The data transfer rate of other wireless technology is in gigabytes per second. However, the speed provided by Gi-Fi technology is 5 GBPS which means it is 10 times the data transfer of the exciting thus provides higher data transfer rate which is the key driving factor for the growth of this market.
Organizations need high speed data transmission is required to allow a business to function efficiently and also helps the business to grow. In addition to this, high speed internet also help to keep the files cloud and cloud transfer easy and flexible. Thus, due to the capacity of high data speed transfer, Gi-Fi technology is driving the growth of the market.
The only limitations with the Gi-Fi technology is the coverage offered by Gi-Fi technology, which is small and only works for short distances, thus is less usable for long distances and cannot be used for wide range.
Organizations are expecting that the Gi-Fi technology would be able to create huge potential to change the way consumers use their in-home electronic devices. In addition to this, organizations are also looking to invest in the Gi- Fi technology in order to create 60GHz chip with growing consumer adoption of high-definition television and low-cost chip and other features.
In addition to this, Gi- Fi is also expected to enhance the current wireless networking by low providing low cost, high broadband access with very high speed and thus has the ability to swap within seconds and thus could develop wireless homes and office in the future. Thus, with the enhanced wireless technology, it is expected to enhance lucent opportunities for the market.
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Key Market Players
- NEC Corp.
- Samsung Electric Corp.
- Intel Corp.
- Marvell Technology Group Ltd
- Broadcom Corp.
- Nvidia Corp.
- Cisco Systems Ltd.
- Panasonic Corp.
- Qualcomm Atheors
- AzureWave Technologies Ltd
Key benefits of the report:
- This study presents the analytical depiction of the global Gi-Fi technology market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global Gi-Fi technology market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global Gi-Fi technology market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed Gi-Fi technology market analysis based on competitive intensity and how the competition will take shape in coming years.
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