The latest research study “Wi-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global Wi-Fi market size reached a value of US$ 24.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 54.53 Billion by 2027, exhibiting a CAGR of 13.70% during 2022-2027.
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Wireless fidelity (Wi-Fi) is a wireless networking technology that connects various electronic devices, such as desktops, laptops, wearables and smartphones, to the internet. It functions by emitting radio signals from the wireless router to nearby gadgets, which converts the signal into data. The waves are then decoded and transferred back to the router that helps connect the internet by wire and cable. Some commercially available types of wi-fi include high-density and enterprise-class density types. In recent years, wi-fi has gained momentum due to its better reliability, flexibility, scalability, convenience, and mobility at economical rates.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Wi-Fi Market Trends and Drivers:
One of the primary factors driving the market is the extensive adoption of wi-fi across various industry verticals, including education, telecom, healthcare, retail, life sciences, manufacturing, and medium-sized enterprises (SMEs), due to the growing need for effective, responsive, and quality wireless network connectivity.
Additionally, various organizations extensively use wi-fi as it allows them to streamline several operations and ensure responsive and rapid development. Other than this, the implementation of lockdowns in various nations due to the sudden outbreak of the coronavirus disease (COVID-19) pandemic has resulted in the employment of the Internet of Things (IoT) and bring your own device (BYOD) corporate models.
Furthermore, the constant technological advancements, such as the launch of wireless-enabled devices like smartphones, laptops, televisions, and tablets, are creating a positive market outlook. Other growth-inducing factors include favorable initiatives by governments of several nations to promote digitalization and increasing usage of electronic gadgets for performing tasks.
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Global Wi-Fi Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the major vendors in the Wi-Fi market?
AT&T Inc., Broadcom Inc., Cisco Systems Inc., Extreme Networks, Fortinet Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Juniper Networks Inc., Motorola Solutions Inc., Panasonic Corporation, Singapore Telecommunications Limited, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited and Ubiquiti Inc.
The report has segmented the market on the basis of region, component, density, location type, organization size and industry vertical.
Breakup by Component:
- Hardware
- Solutions
- Services
Breakup by Density:
- High-Density Wi-Fi
- Enterprise-Class Wi-Fi
Market Breakup by Location Type:
- Indoor
- Outdoor
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Industry Vertical:
- IT and Telecommunication
- Education
- BFSI
- Healthcare
- Logistics and Transportation
- Retail
- Government
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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