Wi-Fi Market Poised for Spectacular Growth: Expected 20.2% CAGR, Targeting US$ 88.90 Billion by 2033

The Wi-Fi market is expected to be worth approximately US$ 14.08 billion in 2023. Over the next ten years, it is anticipated to experience a consistent growth rate of 20.2%, reaching a value of nearly US$ 88.90 billion by the close of 2033. This remarkable expansion can be attributed to the recent surge in internet users and a rising demand for Internet of Things (IoT) technology.

The global Wi-Fi market expanded at a CAGR of 18.1% between 2018 and 2022. The rising advancement of the Internet of Things (IoT) is to create new avenues for the key market players shaping the Wi-Fi industry in the upcoming 10-year epoch.

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1876

Global Wi-Fi Market: Drivers and Restraints 

With more people switching to smartphones, laptops, and other Wi-Fi-enabled devices, there is a greater demand for better connectivity, network, and more importantly wireless connectivity in outdoor setups. These are the major driving factors for the Global Wi-Fi market. 

Too many users using the same access point, causing contention loss, acts as a restraining factor for the Global Wi-Fi market. Also, the lack of awareness in under developed countries would reduce the market, as most users in these countries are less keen to pay more.

Keeping in mind the worldwide use of the internet and its expanding growth, industries today are coming up with improved standards to provide better connectivity and mobility to their users. In the current scenario, a lot of advancements are going on in the Wi-Fi market. Wi-Fi or Wireless Fidelity is used for connecting the devices to networks. 

This communication protocol is vital for machine-to-machine (M2M) communication, hot spots, and in-flight. The global Wi-Fi market is expected to grow significantly over the years. The major drawback that this market faces apart from the high initial cost, is the security threat. Wireless hacking can endanger sensitive information of the users along with privacy. Also, the lack of skilled labors to troubleshoot the wireless devices creates another problem for the market.

Competitive Analysis

  • Cisco Systems Inc.,
  •  Telefonaktiebolaget LM Ericsson,
  • Huawei Technologies,
  • Panasonic Holdings Corporation,
  • D-Link Systems Inc.,
  • CommScope,
  • Juniper Networks Inc.,
  • Verizon, AT&T Inc.,
  • Hewlett Packard Enterprise,
  • Arista Networks,
  • Singtel, Vodafone Group Plc,

Seize this Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/1876

Key Segments Covered in Market Survey

By Component:

  • Hardware
  • Solutions
  • Services

By Density:

  • Hi-Density Wi-Fi
  • Enterprise-Class Wi-Fi

By Location Type:

  • Indoor
  • Outdoor

By Organization Size:

  • Large Enterprises
  • SMEs

By Vertical:

  • Education
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Retail and e-Commerce
  • Government
  • Manufacturing
  • Hospitality
  • Others

By Region:

  • North America
    • The US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these