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The WiGig market is driven by the increase in demand for high-speed internet services, in order to manage a significant amount of data. The rising application of the WiGig in the gaming and multimedia sector is anticipated to bolster the market growth. This can be attributed to the ability of WiGig to facilitate high-definition display and audio applications. This technology bolsters the gaming experience and is likely to gain popularity in the gaming industry in the forecast period.
In terms of region, Europe is likely to account for a significant share in the market, owing to the rising demand for high-speed internet and display devices capable of carrying out high-speed data transfer process. The thriving gaming and multimedia sector in the region is likely to provide impetus to the market growth, owing to the ability of WiGig of bolstering the gaming experience by augmenting the display, audio, and graphics. The market in the region will further be aided by the rapid digitalisation in various sectors, including healthcare, pharma, information technology, and gaming, among others.
In July 2021, Cisco Systems (NASDAQ: CSCO) announced the completion of acquisition of Socio Labs, Inc., which is a United States based modern technology platform that manages the full lifecycle of multi-session, multi-track virtual, in-person, and hybrid conferences. Meanwhile in June 2021, Cisco Systems acquired Kenna Security, Inc., in addition to Kenna Security’s industry-leading risk-based vulnerability management platform. With this acquisition, Cisco customers will solve critical security posture challenges by working cross-functionality to rapidly carry out various operations. These operations are likely to be carried out using high-speed internet, which is likely to generate the demand for WiGig.
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The major players in the global WiGig industry include Panasonic Corporation, Qualcomm Technologies, Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., and Cisco Systems Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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