Wi-Fi 6 Market Entry Research: Assessing Market Feasibility and Opportunities

As per the report published by The Brainy Insights, the global Wi-Fi 6 market is expected to grow from USD 9.84 billion in 2021 to USD 42.98 billion by 2030, at a CAGR of 17.80% during the forecast period 2022-2030. Asia Pacific region emerged as the largest market for the global Wi-Fi 6 market, with a 34.5% share of the market revenue in 2021. The Asia Pacific currently dominates the Wi-Fi 6 market due to the increasing investments in smart city projects, growing penetration of IoT (Internet of things), and connected devices across enterprises which have contributed to the market development. Additionally, the rising demand for speedier internet connectivity, the rise in work-from-home activities, and the growing focus of the telecom industry to expand broadband connections are also pushing the market need for Wi-Fi 6 devices in the coming time. Growing investments in consumer electronic products with Wi-Fi 6 compatibility, technical advancements, and increasing adoption of smartwatches for health & fitness concerns will also push the market development over the projection period.

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Wi-Fi 6 Market Size by Location Type (Outdoor, & Indoor), Offering (Solution, Services, & Hardware), Vertical (Government, Consumer Electronics, Education, Manufacturing, and Healthcare), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include TP-Link Technologies Co., Ltd., Samsung Electronics, Qualcomm Inc., NETGEAR Inc., Microsoft Corporation, Marvell Semiconductor Inc., KAONMEDIA Co., Ltd., Intel Corporation, Huawei Technologies Co. Ltd., HP Enterprise, Fujitsu Ltd., D-Link Corporation, Dell Inc., Cypress Semiconductor Corp, Cisco Systems, Inc., Broadcom Corp., Apple Inc, among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The location type segment is divided into outdoor & indoor. The outdoor segment dominated the market, with a market share of around 57% in 2021. The offering segment is divided into solution, services, & hardware. The service segment dominated the market, with a market share of around 35% in 2021. The vertical segment is divided into government, consumer electronics education, manufacturing, and healthcare. The consumer electronics segment dominated the market, with a market share of around 27% in 2021.

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The outbreak of the coronavirus pandemic has had an enormous effect on investments and technical advancements across various end verticals. The COVID-19 pandemic impacted different end-users and industries, causing financial downshift, manufacturing industries shut down, and supply chain problems. Furthermore, the Covid-19 harshly affected numerous healthcare, manufacturing, consumer electronics, and retail sectors. Regardless, the pandemic had an altogether positive impact on the wi-fi 6 market. During the COVID-19 pandemic, many people began studying, entertaining & working at home. Online gaming devices with virtual reality (VR) features, sports devices for live streaming workouts, etc., have pushed the wi-fi 6 market development.

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