The Networking Technology Service analyzes the communications and networking Integrated Circuit market that enables today's cutting-edge LAN, WAN, MAN and access systems.
The networking equipment market in Canada is forecast to reach $2.8 billion in revenue in 2022, resulting in a five-year CAGR of 1.8%. The network equipment market is in a state of transition as traditional deployment models are challenged by cloud, software-defined solutions, and SaaS.
Worldwide markets are poised to achieve significant growth as the Semiconductor Wireless Sensor Network is used to implement the Internet of things and to monitor pipelines, oil wells, and healthcare patients to illustrate the variety of projects supported by these networks. Semiconductor wireless sensor networks are used for bridge monitoring, implementing the smart grid, implementing the Internet of things, and monitoring for security implementation. The systems are used to implement energy savings in homes and commercial buildings, almost anything can be monitored with sensors and tracked on a smart phone. Projects are ongoing.
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