Outlook for WLAN Systems Remains Strong Despite Continued Standards Speculation

1/18/2002 - According to recent research conducted by Venture Development Corporation, the global wireless LAN hardware market reached almost $1billion in 2001 and is forecast to grow by over 25% annually to exceed $2.3 billion by 2005. Although, at 4%, growth in 2001 was significantly lower than historical levels, the market is poised to rebound by late 2002. The technology has successfully migrated from a specialized vertical solution to one that has broader mass-market appeal.

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