Tuesday, 07 December 2021

The global Wi-Fi market revenue is forecast to reach $93.23 billion in 2018

Wi-Fi is a mainstream wireless technology, largely accessed across a variety of devices ranging from smartphones, tablets, laptops, to Wi-Fi enabled consumer electronics. The technology has evolved across a number of platforms and is now operated in 5GHz and 60GHz bands enabling multiple user configurations. The Global Outdoor Wi-Fi Equipment Market has also been witnessing the emergence of outdoor Wi-Fi as a service.This has created newer business models that have evolved at every stage of this transition, opening up a significant global market. The applications in Hot Spots, Machine to Machine (M2M), Carrier Wi-Fi, Outdoor Wi-Fi, Wi-Fi on the Go and In-Flight Wi-Fi are some of the most lucrative markets for Wi-Fi.

The commoditizing and monetizing of Wi-Fi, across devices, ranges and scenarios, has also led to various innovative business models of implementing Wi-Fi according to the needs of the users. Wi-Fi as a service, and the associated business model, has opened up the market more so than treating it purely as a technology. This trend has invited most of the players to this market along with the traditional Wi-Fi giants, creating a healthy competitive environment.  As such, Haim Harel, President and Founder of Magnolia Broadband states his company is investing millions of dollars in developing its next generation technology to address the needs of this enormous market opportunity.  According to Mr. Harel, Magnolia Broadband's Adaptive Antenna System solution dramatically improves both the performance, coverage, capacity and data speeds of wi-fi and small cell systems.   This should all contribute greatly to the wireless carriers bottom line as the global Wi-Fi market revenue is forecast to reach $93.23 billion in 2018 from $40.13 billion in 2013, at an estimated CAGR of 15.08% during this period according to research firm Infonetics.

Magnolia Broadband's Beam Forming "Adaptive Antenna System" Dramatically Improves Small Cell Performance

The small-cell industry is poised to gear up in 2014 as small cells spill out of homes on to the streets, shopping centers and enterprises offering carrier grade quality of service.  Magnolia Broadband has developed new solutions-- beam forming technologies called Adapative Antenna Systems (AAS) which dramatically improve the performance of small cells and wi-fi access points. 

Magnolia Broadband Receives $3 Million From SCP Partners

ENGLEWOOD, N.J.--()--Magnolia Broadband, the inventor of Adaptive Antenna Systems (AAS), a “Beam-forming” technology for wireless smartphones and tablets, said today it has secured $3 million in funding from individual and institutional investors, led by SCP Partners. Magnolia Broadband will use the funding for further development of its AAS technologies for smartphones, tablets, small 3G/4G base stations and Wi-Fi access points.

Osmo Hautanen, Magnolia Broadband’s CEO, said, “With global mobile data traffic forecasted to increase 26-fold over the next 5 years driven by video and multi-media data traffic, Magnolia Broadband’s solutions provide enhanced real time HD video and multimedia experiences which will broaden the range of applications and services that can be shared, creating a highly enhanced mobile broadband experience.” Hautanen added, “SCP Partners has been an outstanding supporter of Magnolia Broadband since its inception. With this additional capital, Magnolia Broadband will further solidify its leadership position by expanding its patent portfolio and advance licensing efforts with wireless network operators around the globe.”

“Magnolia Broadband has been on the forefront of developing technologies which offer significant benefits for both wireless carriers and consumers on quality of service providing faster data throughput, better coverage and wider range both on macro wireless networks as well as Wi-Fi coverage areas," said Yaron Eitan, Chairman of the Board of Magnolia Broadband, Inc., and a Partner at SCP Partners, the company’s largest shareholder, and President of Selway Capital. Furthermore he added, “Magnolia Broadband’s technologies have been valued by leading companies such as Google which acquired over 50 of its patents in 2012.”