The global Wi-Fi market size reached US$ 28.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 61.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.3% during 2023-2028.
Wireless fidelity (Wi-Fi) refers to a wireless networking technology that is used for connecting multiple electronic devices, including laptops, desktops, smartphones, and wearables, with the internet. It operates by sending radio signals from the wireless router to nearby gadgets, which translates the signal into data. These waves are further decoded and transmitted back to the router that assists in connecting the internet by wire and cable. Wi-Fi offers greater flexibility, scalability, reliability, convenience, and mobility at cost-effective prices, due to which it is extensively used in various applications. At present, it is commercially available in high-density and enterprise-class Wi-Fi density types.
2. What is the expected growth rate of the global Wi-Fi market during 2023-2028?
3. What are the key factors driving the global Wi-Fi market?
4. What has been the impact of COVID-19 on the global Wi-Fi market?
5. What is the breakup of the global Wi-Fi market based on the component?
6. What is the breakup of the global Wi-Fi market based on the location type?
7. What is the breakup of the global Wi-Fi market based on industry vertical?
8. What are the key regions in the global Wi-Fi market?
9. Who are the key players/companies in the global Wi-Fi market?
Wireless fidelity (Wi-Fi) refers to a wireless networking technology that is used for connecting multiple electronic devices, including laptops, desktops, smartphones, and wearables, with the internet. It operates by sending radio signals from the wireless router to nearby gadgets, which translates the signal into data. These waves are further decoded and transmitted back to the router that assists in connecting the internet by wire and cable. Wi-Fi offers greater flexibility, scalability, reliability, convenience, and mobility at cost-effective prices, due to which it is extensively used in various applications. At present, it is commercially available in high-density and enterprise-class Wi-Fi density types.
Wi-Fi Market Trends:
The widespread adoption of Wi-Fi across the information technology (IT), telecom, education, retail, healthcare, life sciences, manufacturing, and small and medium-sized enterprises (SMEs) on account of the increasing need for responsive, effective, and quality wireless network connectivity is primarily driving the market growth. the increasing deployment of Wi-Fi across organizations has also enabled businesses to streamline multiple operations and ensure rapid and responsive development, while keeping track of the network. This is acting as another major growth-inducing factor. In line with this, significant technological advancements, such as the introduction of wireless-enabled devices, including smartphones, tablets, television, and laptops, that helps in reducing network wiring cost and offers improved mobility is also supporting the market growth. Additionally, the consequent implementation of nationwide lockdown due to the sudden outbreak of coronavirus disease (COVID-19) pandemic have led to the employment of Internet of Things (IoT) and bring your own device (BYOD) corporate models, which, in turn, is facilitating the demand for Wi-Fi across the globe. Other factors, such as favorable initiatives undertaken by the government of several countries for promoting digitalization, higher penetration of internet connectivity, and increasing utilization of electronic gadgets for performing tasks, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global Wi-Fi market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. What was the size of the global Wi-Fi market in 2022?2. What is the expected growth rate of the global Wi-Fi market during 2023-2028?
3. What are the key factors driving the global Wi-Fi market?
4. What has been the impact of COVID-19 on the global Wi-Fi market?
5. What is the breakup of the global Wi-Fi market based on the component?
6. What is the breakup of the global Wi-Fi market based on the location type?
7. What is the breakup of the global Wi-Fi market based on industry vertical?
8. What are the key regions in the global Wi-Fi market?
9. Who are the key players/companies in the global Wi-Fi market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Wi-Fi Market
6 Market Breakup by Component
7 Market Breakup by Density
8 Market Breakup by Location Type
9 Market Breakup by Organization Size
10 Market Breakup by Industry Vertical
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 28 Billion |
| Forecasted Market Value ( USD | $ 61.9 Billion |
| Compound Annual Growth Rate | 14.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
