The global market for mobile computing is going through great changes in terms of technology and components. Wireless platform technology is one of the most essential platforms in mobile computing. It is also crucial in numerous other innovative products, which is makes this futuristic technology all the more essential. Increasing demands for cost effective platforms is the biggest driver for the global wireless platforms market. This is one of the rapidly developing industries in the world. Hence, the market has great scope in terms of global expansion and growth in various parts of the world.
Rising demands and innovative technological advancements are the two strong drivers for this market. different wireless networks including personal area networks or PAN, cellular networks, local area networks or LAN, add up to effective communication. These connections do not depend on cables and wires and provide borderless network infrastructure and smooth communication channels. It has enhanced numerous communication platforms for all-round access to mobile devices. Segmentation in the industry determines numerous crucial aspects in terms of business prospects.
Segmentation in this industry depends on different aspects including the types of products, applications, types of handsets and tablets, and geographical demands for these products. Based on the types of applications, the market is segmented into broadband, processors, sensors and power management integrated circuits (IC). All these are wirele
ss applications. Based on the types of applications, the global industry is segmented into communications, data processing, automotive, consumer electronics and industrial applications. Affordable prices, attractive service, quick and reliable connections are some basic features that draw more consumers to this technology.
Based on the types of devices (handsets and tablets) the market is segmented into OEMs, air interfaces and operating systems. Geographical demands for these products determine regional market trends and forecasting for different global segments. Based on geography, the market is segmented into four regions, namely, Asia Pacific, North America, Middle East and Africa and Rest of the World. All these regions have volatile demands for different types of wireless platforms. Based on these demands, North America is leading the global industry. The region is also dominating in terms of revenue and growth.
Based on the forecasting reports that study the industry from 2011 to 2016, the market is expected to grow at an estimated CAGR of 20.3%. According to the 2011 reports, the global industry for wireless platforms was worth $61.5 billion. At the aforementioned CAGR, it is expected to reach $155.2 billion by 2016. Such remarkable growth is driven by the growing demands for wireless technology, especially in the developing countries. Asia Pacific and rest of the world regions are expected to rise beyond the expected growth, which is a great opportunity for futuristic investments.