WiFi Market Share, Emerging Trends and Growth, Opportunities 2023-2028

IMARC Group, a leading market research company, has recently releases a report titled "WiFi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global WiFi market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the WiFi Market?

The global Wi-Fi market size reached US$ 28.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.3% during 2023-2028.

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Wireless fidelity (Wi-Fi) is a wireless networking technology that allows electronic devices to connect to the internet and communicate with each other using radio waves. It offers convenience and flexibility, as users can connect to the internet without the need for physical cables, enabling mobility within the range of the network. Additionally, Wi-Fi is cost-effective, as it eliminates the expense of extensive wiring infrastructure. It can support multiple devices simultaneously and ensures seamless connectivity for all. It also allows for easy expansion of network coverage, making it adaptable to various environments.

What are the growth prospects and trends in the WiFi industry?

At present, the ever-growing need for high-speed internet access for streaming, online gaming, and bandwidth-intensive applications represents one of the key factors offering a favorable market outlook. Besides this, consumers and businesses are seeking faster and more reliable Wi-Fi connections, which is supporting the growth of the market. In addition, the proliferation of smart homes and the Internet of Things (IoT) devices, such as smart thermostats, security cameras, and voice-activated assistants, relies heavily on Wi-Fi connectivity.

This, along with the rising trend of remote work and online learning is leading to increasing investments in home networking equipment and infrastructure. Moreover, the development and adoption of advanced Wi-Fi standards like Wi-Fi 6 and Wi-Fi 6E offer faster speeds, lower latency, and improved performance. As these technologies are becoming more widespread, users are keen to upgrade their networks.

These technologies also provide seamless connectivity and improved user experiences, particularly in urban areas.
Apart from this, businesses are continually upgrading their wireless networking infrastructure to support the growing number of wireless devices within their organizations, which is strengthening the growth of the market. Furthermore, the growing adoption of Wi-Fi in emerging markets as internet penetration is increasing. These regions represent untapped potential for Wi-Fi technology and infrastructure providers, which is bolstering the market growth.

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Report Segmentation:

The report has segmented the market into the following categories:

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

Some of the Top Key players in the WiFi 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
Ubiquiti Inc
Recent Develop

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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