WI-SUN Technology Market – Geographical Analysis
North America dominates the global WI-SUN technology market. The largest market share attributes to technological advancement and increased adoption of WI-SUN technology across various industry verticals. Besides, the strong presence of several notable industry players focused on testing & commercial deployment of Wi-SUN based systems for industrial and commercial purposes drive the regional market growth.
Moreover, the augmented demand and wide availability of WI-SUN technology in the region defines the growing landscape of the market. The North American WI-SUN technology market is poised to continue with its dominance throughout the assessment period.
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Proliferation of smart & connected devices like smart meters, thermostats, and other smart home appliances provides impetus to the growth of the WI-SUN technology market. Furthermore, technological advances in smart devices and the growing penetration of the Internet of Things (IoT) foster market growth. Conversely, growing security concerns, and lack of network connectivity are major factors hampering the growth of the market. Nevertheless, substantial R&D investments to improve connectivity solutions would support market growth throughout the review period.
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