The Wi-Fi industry was estimated to be worth $11.1 billion USD. By the end of 2032, the market is predicted to be worth close to US$ 74.1 Bn, with a CAGR of 18.9% over the following 10 years. The Wi-Fi Market has been sparked by the recent increase in internet users and the desire for IoT.
Over the past five years, the Wi-Fi market has grown at a CAGR of 21.1% worldwide (2015-2021). The leading market players influencing the Wi-Fi business in the upcoming 10-year period will have new opportunities thanks to the growing development of the Internet of Things (IoT). The worldwide Wi-Fi market is anticipated to grow at a CAGR of 18.9% and reach record sales of US$74.1 billion by the end of the year.
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Global Wi-Fi Market: Driversand 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 for 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, it 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 world wide use of internet and its expanding growth, industries today are coming up with improved standards to provide better connectivity and mobility to their users. In current scenario, a lot of advancements are going on in Wi-Fi market. Wi-Fi or Wireless Fidelity is used for connecting to the devices to networks.
This communication protocol is vital for machine to machine (M2M) communication, hot spots, and in-flight. 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,
Superloop, iPass Inc., Fujitsu Ltd., ADTRAN, and Aerohive Networks are among the key players driving the W-Fi market.
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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
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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