Press release
Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) Market [estimated to witness a CAGR of 15.0% and 61.3%] Application, Product Segment, Analysis and Forecast from 2022-2030 Report
Report Ocean published the latest research report on the Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The Wi-Fi and Li-Fi markets are estimated to witness a CAGR of 15.0% and 61.3%' respectively during the forecast period 2016-2022.
The digital economy affects the world's trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.
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Overview:
Wired networks incur gamut components for installing internet connection. It not only surges cost' but with the components such as switches' hubs' and Ethernet cables' whole frame drives in multiple complexities. To overcome such challenges' Wi-Fi has become a great alternative. This technology implements high-frequency radio waves instead of wired networks. Similar to Wi-Fi' another technology Li-Fi has emerged that uses visible light communication instead of radio signals. Li-Fi delivers high-speed in a much more secure way that even the latest Wi-Fi advancements cannot offer. Li-Fi allows 100 times faster data transmission than Wi-Fi' making it more competent.
Market Analysis:
The Wi-Fi and Li-Fi markets are estimated to witness a CAGR of 15.0% and 61.3%' respectively during the forecast period 2016-2022. The Wi-Fi market is analyzed by deployment mode' products' services' verticals' and regions. The Li-Fi market is analyzed by components' verticals' and regions. Increasing productivity' high speed' reliable & secure communication' and flexibility are the main reasons to switch to wireless Wi-Fi and Li-Fi technology. The Li-Fi market is emerging and being developed' which would likely lead to an increase in the adoption of Li-Fi in the next 5-7 years.
Regional Analysis:
The Americas is set to be the leading region for the Wi-Fi and Li-Fi market growth followed by Europe and Asia Pacific for the adoption of technologies. Asia Pacific is known for improvements in infrastructure and IT investments by MNCs. Thus' the region will have enormous potential for Wi-Fi connections. MEA is set to be the emerging region with a lot of opportunities and is expected to reach $4.09 billion (Wi-Fi) and $827.9 million (Li-Fi)' respectively by 2022.
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Vertical Analysis:
The major verticals covered in the report are IT & telecom' education' healthcare' BFSI' retail' aerospace (in-flight operations)' traffic management' underwater applications' and indoor networking. Globally' the industry players are showing interest towards Wi-Fi and Li-Fi technology. The Wi-Fi technology is already being incorporated and is widely accepted in IT & telecom' education' and healthcare sectors due to the organization's shift towards wireless ecosystem. The indoor networking segment is set to be the leading vertical for Li-Fi technology. The market revenue for indoor networking and traffic management is expected to reach $654.2 million and $5'509.4 million' respectively by 2022.
Key Players:
pureLiFi' IBSENtelecom' Alcatel-Lucent' Ericsson' Hewlett-Packard Enterprise (HPE)' Cisco' Lucibel' Ruckus Wireless' GE Lighting' Renesas Electronics Corp.' LIGHTBEE' Velmenni' and Oledcomm S.A.S.
Competitive Analysis:
The Wi-Fi & Li-Fi are becoming demanding technologies. There are enormous business opportunities for new players entering the market and collaborating with large players in providing various products and services. Especially for Li-Fi technology' new start-ups are coming with technologically advanced products' services' and solutions in the market and are expected to see double-digit growth in the next 5-7 years. In this space' collaboration and merger & acquisition activities are expected to continue.
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Benefits:
The report provides an in-depth analysis of the Wi-Fi & Li-Fi market aiming to understand the networking environment. The report talks about deployment mode' products' services' components' verticals' and regions for both Li-Fi and Wi-Fi. The key stakeholders can know about the major trends' drivers' investments' vertical player's initiatives' and government initiatives towards the adoption in the next 5-7 years. Moreover' the report provides details about the major challenges impacting the market growth.
Region/Country Cover in the Report
Middle East and Africa'GCC Countries'UAE and Kuwait'Africa' Latin America-Brazil'Mexico.
Key Players Covered in the Report
pureLiFi'IBSENtelecom Ltd'Alcatel-Lucent SA'Ericsson'HPE'Cisco Systems Inc'Lucibel'Ruckus Wireless Inc
GE Lighting'Renesas Electronics Corp'LIGHTBEE'Velmenni'Oledcomm S.A.S.
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Table of Content:
Market Definition and Overview
Research Method and Logic
Market Competition Analysis
Product and Service Analysis
Strategies for Company to Deal with the Impact of COVID-19
Market Segment by Type, Historical Data and Market Forecasts
Market Segment by Application, Historical Data and Market Forecasts
Market by by Region, Historical Data and Market Forecasts
Market Dynamic Analysis and Development Suggestions
What is the goal of the report?
The market report presents the estimated size of the Industrial automation market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Available Customization
The following customization options are available for this report:
> Trends for other verticals including retail' travel' and hospitality
> Country-specific trends and market analysis
> Rest of the World (RoW) Region-specific market analysis
> Additional company profiles
Apart from the existing market analysis' Reportocean can also offer a wide array of custom-tailored studies as per the company's specific needs.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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