Revolutionizing Connectivity: Gigabit Wi-Fi Access Point Market Surges with 32.3% CAGR Growth

According to the report, the global gigabit Wi-Fi access point market is expected to rise at a stellar CAGR of 32.3% from 2022 to 2027. In 2022, the market was worth US$ 3.61 Billion and is expected to rise to a valuation of US$ 14.65 Billion by the end of 2027.

Future Market Insights (FMI) has published a new report on the gigabit Wi-Fi access point market. The report has been titled “Gigabit Wi-Fi Access Point MarketGlobal Industry Analysis 2016-2021 and Opportunity Assessment 2022-2027.” Vendors across the globe are eyeing India as it is one of the potential regions to capitalise on and is expected to provide lucrative prospects in the coming years.

Seeking huge GWAP growth opportunities in India, leading players such as SAMSUNG need to focus on the India market to offer innovative GWAP solutions for strengthening their presence in emerging countries. India has a huge potential, which is attracting vendors associated with the GWAP market to export their products to India.

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Drivers and Opportunities:

Several factors are propelling the Gigabit Wi-Fi Access Point Market forward. The rapid adoption of smart devices, coupled with the increasing reliance on cloud-based services, is fueling the demand for high-speed and reliable Wi-Fi connectivity. Additionally, the surge in remote work and e-learning due to the global pandemic has further underscored the need for robust Wi-Fi infrastructure. These trends present substantial growth opportunities for market players.

Competitive Landscape – Regional Trends:

The competitive landscape in the Gigabit Wi-Fi Access Point Market is witnessing intense rivalry among key players. To gain a competitive edge, companies are focusing on technological advancements and product innovations. The market is segmented regionally, with North America dominating due to widespread adoption of gigabit Wi-Fi access points. Asia-Pacific is emerging as a lucrative market, driven by rapid urbanization and increasing digitalization.

Restraints:

Despite the promising growth prospects, the Gigabit Wi-Fi Access Point Market faces some limitations. Challenges related to network security and data privacy remain paramount concerns, necessitating continuous investment in cybersecurity measures. Additionally, cost constraints and interoperability issues may impede market growth in certain regions.

Region-wise Insights – Category-wise Insights:

Regionally, North America is expected to maintain its dominance throughout the forecast period, driven by the presence of major market players and robust infrastructure. In contrast, the Asia-Pacific region is anticipated to witness the highest growth rate, owing to burgeoning internet penetration and digital transformation initiatives.

In terms of categories, enterprise deployment of gigabit Wi-Fi access points is anticipated to lead the market, driven by the demand for seamless connectivity in corporate environments. Residential usage is also on the rise, as consumers seek high-speed internet for streaming, gaming, and home automation.

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Gigabit Wi-Fi access point Market by Category

By Maximum Data Delivery Rate :

  • Less than 868 Mbps
  • 868 to 1300 Mbps
  • More than 1300 Mbps

By End User :

  • Residential
  • Commercial/Industrial
  • Retail
  • Education
  • Manufacturing
  • Hospitality
  • Healthcare
  • Others

By Component :

  • Wireless Access Points
  • Indoor
  • Outdoor
  • Special-purpose
  • Wireless LAN Controllers

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East & Africa
  • Japan

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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