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Rising Internet Of Things (IoT) Adoption Drives Growth In Wi-Fi 7 Market: An Emerging Driver Transforming The Wi-Fi 7 Market Landscape
Wi-Fi 7
What Is the Projected Growth of the Wi-Fi 7 Market?
The Wi-Fi 7 market will grow from $1.67 billion in 2024 to $2.76 billion in 2025 at a compound annual growth rate (CAGR) of 65.6%. The growth is driven by the demand for energy-saving technology, increased data-intensive activities, growing internet penetration, and higher data traffic.
The Wi-Fi 7 market is expected to see exponential growth, reaching $20.58 billion in 2029, with a CAGR of 65.3%. The growth is driven by rising demand for smart consumer electronics, the growing use of connected devices, expanding smart cities, the increasing number of smartphone users, and more IoT devices. Key trends include developing advanced Wi-Fi chipsets, industry 4.0 and smart technologies advancements, integration with smart city initiatives, an
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What Are the Different Wi-Fi 7 Market Segments?
The Wi-Fi 7market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Location Type: Indoor, Outdoor
3) By Application: 8K Video Streaming, Cloud-Based Gaming, Augmented Reality And Virtual Reality, Industrial Internet of Things And Industry 4.0, Smart Cities, Telemedicine, Other Applications
4) By Industry Vertical: Education, Healthcare And Life Sciences, Manufacturing, Media And Entertainment, Retail, Transportation And Logistics, Travel And Hospitality, Other Industry Verticals
Subsegments:
1) Hardware: Routers, Access Points
2) Software: Network Management Software, Security Software
3) Services: Installation Services, Support and Maintenance Services
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What Are the Primary Drivers Shaping the Wi-Fi 7 Market?
The increasing adoption of the Internet of Things (IoT) is expected to drive the growth of the Wi-Fi 7 market. IoT refers to a network of interconnected devices exchanging data. The adoption of IoT is rising due to advances in technology, improved sensor capabilities, and high-speed internet infrastructure. Wi-Fi 7 supports IoT by providing faster speeds and reduced latency for efficient device communication. For example, global IoT connections are expected to rise from 15.1 billion in 2021 to 23.3 billion by 2025. Therefore, the growing IoT adoption will drive the Wi-Fi 7 market.
Which Companies Are Leading in the Wi-Fi 7 Market?
Major companies operating in the Wi-Fi 7 market are Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Incorporated, Broadcom Inc., MediaTek Inc., ZTE Corporation, CommScope Holding Company Inc., Keysight Technologies Inc., Vantiva SA, Rohde and Schwarz GmbH and Co. KG., TP-Link Technologies Co. Ltd., MaxLinear Inc., Netgear Inc., Ruijie Networks Co. Ltd., DZS Inc., LitePoint Corporation, VVDN Technologies Pvt. Ltd., ADB Global, SDMC Technology Co. Ltd., Actiontec Electronics Inc., Senscomm Semiconductor Co. Ltd., H3C Technologies Co. Ltd.
What Are the Major Trends Shaping the Wi-Fi 7 Market?
Major Companies in the Wi-Fi 7 market are developing technologies like Wi-Fi performance test solutions to enhance network speed and reliability. These solutions help optimize Wi-Fi network performance. In February 2024, Keysight Technologies Inc., a US-based company, launched the E7515W UXM Wireless Connectivity Test Platform for Wi-Fi 7. This platform supports testing for Wi-Fi 7's high-speed data transfer, enhanced connectivity, and low latency, offering performance metrics and real-time analysis tools for precise network optimization.
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What Are the Top Revenue-Generating Geographies in the Wi-Fi 7 Market?
North America was the largest region in the Wi-Fi 7 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the Wi-Fi 7 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Wi-Fi 7 Market?
2. What is the CAGR expected in the Wi-Fi 7 Market?
3. What Are the Key Innovations Transforming the Wi-Fi 7 Industry?
4. Which Region Is Leading the Wi-Fi 7 Market?
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