The global Wi-Fi market size was USD 11.03 Billion in 2021 and is expected to register a revenue CAGR of 17.9% over the forecast period, according to the latest report by Reports and Data. Rising demand for improved data communications for faster transfer of information among people within the organization is driving market revenue growth. In addition, increasing internet penetration with a surge in sale of intelligent and connected devices such as smartphones, IoT devices, etc. and consequent implementation of nationwide lockdown due to sudden outbreak of COVID-19 pandemic has led to employment of Internet of Things (IoT) and Bring Your Own Device (BYOD) corporate models are driving revenue growth of the market .
Wi-Fi 6 was developed to reduce client power consumption, boost client capacity, and relieve network congestion. For instance, Wi-Fi 6 uses Orthogonal Frequency-Division Multiple Access (OFDMA) modulation, allowing up to 30 clients to share a channel at once, enhancing efficiency by raising overall capacity and reducing latency. Clients get time intervals from OFDMA so they may more precisely distinguish between available network channels.
Moreover, increasing popularity of IoT and its application in sectors, such as education, healthcare, retail, transportation, and others, are leading to high demand for Wi-Fi-based products and services, which in turn, is driving market revenue growth. Advancements in technology such as introduction of Artificial Intelligence (AI) have reduced capital expenditure, thereby lowering cost of establishments and ownership of Wi-Fi in homes and corporate spaces. Furthermore, constant upgrading of services through research and analysis, as well as provision of high-speed Internet connections, such as 5G services, is further driving revenue growth of the Wi-Fi market.
Companies profiled in the market report include Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Extreme Networks, Huawei Technologies Co., Ltd, Panasonic Life Solutions India Pvt. Ltd, Fortinet, Inc., Hewlett Packard Enterprise Development LP, ALE International, ALE USA Inc., NETGEAR,
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Some Key Highlights From the Report
- The high-density Wi-Fi segment is expected to register a significant revenue growth rate over the forecast period. When a significant number of clients are anticipated to connect to Access Points (AP) inside a constrained area, high-density Wi-Fi is a design concept for big installations to enable ubiquitous connection to clients. If over 30 clients are connecting to an AP at one time, the area is considered high-density. In addition, large campuses with several floors, distributed buildings, office spaces, and huge event facilities are all considered to have high density owing to abundance of access points and connected devices. For instance, high-density environments include sports stadiums, university auditoriums, casinos, event venues, and theatres.
- The enterprise class Wi-Fi segment is expected to register a moderate revenue growth rate over the forecast period. Enterprise-class Wi-Fi hardware is designed to last for a longer period without failure, contributing to its reliability. Incorporating technologies, such as Adaptive Radio Management (ARM), in addition to enhanced WPA-Enterprise security and usage of 802.1X authentication protocol, can make enterprise-class Wi-Fi more secure. Furthermore, enterprise-class Wi-Fi network enables simultaneous connection of several wireless devices to support high levels of information traffic in business environments.
- The education segment account for a major revenue share in 2021 owing to use of Wi-Fi rising in schools, colleges, and universities to provide students with a seamless, effective education, and track their progress. Moreover, concept of online learning and self-education has gained traction, which further creates high demand for seamless and faster Wi-Fi connection and in turn, is driving revenue growth of this segment.
- The Asia Pacific market is expected to register a significant revenue growth rate over the forecast period owing to increased investments by companies and governments in Wi-Fi projects. Rising demand in countries, such as India, China, and Japan, is also driving revenue growth of this region. In addition, this region is exhibiting increased adoption of smart devices, which, in turn, is creating high demand for smooth and seamless Wi-Fi. Moreover, work from home and virtual learning amid COVID-19 pandemic is another factor driving revenue growth of the Wi-Fi market in this region.
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For the purpose of this report, Reports and Data has segmented the global Wi-Fi market based on component, density, organization size, end-use, and region:
Component Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
- Solutions
- WLAN Controllers
- Wireless Hotspots Gateways
- Others
- Services
- Network Planning and Design
- Installation and Support
- Survey and Analysis
Density Outlook (Revenue, USD Billion; 2019-2030)
- High-Density Wi-Fi
- Enterprise Class Wi-Fi
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Small and Medium-Sized Enterprises
- Large Enterprises
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Education
- Transportation
- Government
- Manufacturing
- Healthcare
- Retail
- Hospitality
- Sports and Leisure
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Key Advantages of Wi-Fi Report:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Wi-Fi industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Wi-Fi market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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