Wi-Fi 6 Market SWOT Industry Analysis at a CAGR of 19.6% by 2031| Top Growth Analysis

The 𝐖𝐢-𝐅𝐢 𝟔 𝐌𝐚𝐫𝐤𝐞𝐭 report provides an in-depth analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market. The global wi-fi 6 market size was valued at $10.9 billion in 2021, and is projected to reach $64.1 billion by 2031, growing at a CAGR of 19.6% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 320 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A31440

Wi-Fi 6, also known as IEEE 802.11ax, is the newest Wi-Fi specification standard, coming after Wi-Fi 5 (IEEE 802.11ac). It promises greater speeds and better connectivity, as well as increased support for multiple, high-bandwidth devices. It operates between the 1 and 6 GHz frequency bands. With Wi-Fi 6 solution, enterprises can gain a business edge by building a network without any coverage gaps and eliminating packet loss during roaming. This makes it ideal for critical deployments in digital education, digital airport, omnichannel finance, smart healthcare, smart government, and Industry 4.0.

The global Wi-Fi 6 market report offers detailed segmentation of the market based on component, enterprise size, location, industry vertical, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/wi-fi-6-market/purchase-options

Factors such as need to manage customer traffic and customer movement to boost productivity have accelerated the need for Wi-Fi 6 globally. In addition, increase on emphasis on customer service across major industry verticals has further boosted the Wi-Fi 6 market growth. However, high initial set-up cost of Wi-Fi 6s restricted the market growth. On the other hand, with many SMEs entering the market and providing advance solutions for Wi-Fi 6 is expected to create greater opportunities during the forecast period. One of the key factors driving the global Wi-Fi 6 industry is the adoption of digital transformation initiatives among companies. When businesses use Wi-Fi 6, it reduces the cost of installing a connection that requires a physical connection. Small businesses can compete with large businesses because flexibility is provided by mobilizing people and corporate processes to compete without sacrificing employee efficiency or productivity. Moreover, factors such as increase in the number of smartphones and increase in Wi-Fi enabled devices is also boosting the market growth. However, security issues along with range of Wi-Fi 6, which is less than that of the 5 Ghz network hampers the market growth.

Based on offering, the solution segment accounted for the highest share in 2021, contributing to nearly three-fifths of the total share, and is expected to maintain its leadership status during the forecast period. However, the service segment is expected to manifest the highest CAGR of 21.0% from 2022 to 2031.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

Broadcom, Linksys Holdings, Inc., Cisco Systems, Aruba Networks, Intel Corporation, Qualcomm Inc., Samsung Electronics Co. Ltd, Asustek Computer Inc., Microsoft Corporation, NXP Semiconductors, Fortinet Inc., Sterlite Technologies Limited, Huawei Technologies, Hewlett-Packard Company, Apple Inc., Juniper Networks, AT&T

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A31440

By offering, the solution segment dominated the growth of the Wi-Fi 6 market in 2021, and is expected to maintain its dominance in the upcoming years due to rise in need of advanced and capable Wi-Fi solutions for better efficiency and experience. However, the services segment is expected to witness highest growth rate during the forecast period due to adoption of Wi-Fi 6 services, as they ensure effective functioning of solutions and platforms throughout the process.

Based on location type, the outdoor segment held the largest share in 2021, accounting for nearly two-thirds of the market, and is expected to maintain its dominance in terms of revenue by 2031. However, the indoor segment is estimated to witness the largest CAGR of 21.0% during the forecast period.

By enterprise size, the large enterprises segment dominated the global market in 2021, and is expected to continue this trend during the forecast period, owing to increase in adoption of Wi-Fi 6 solutions to integrate into their existing system. Conversely, the small- & medium-sized enterprises segment is expected to grow at the highest CAGR during the forecast period, owing to surge in adoption of Wi-Fi 6 solutions, as it provides cost-effective, quick transmission of internet and efficient solution for SMEs.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A31440

Based on industry vertical, the IT and telecom segment held the lion's share in terms of revenue in 2021, contributing to more than two-fifths of the market. However, the travel and hospitality segment is projected to register the highest CAGR of 23.9% during the forecast period.

Based on region, the market across North America accounted for the highest share in 2021, contributing to more than one-third of the total market share, and is projected to continue its leadership status by 2031. However, market across Asia-Pacific is projected to portray the fastest CAGR of 22.3% during the forecast period. The research also analyzes regions including Europe and LAMEA.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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