Press release
New Wi-Fi Standards Market Perceive Robust Expansion by 2026
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Growing preference for high wireless speed data connectivity, increasing demand for dual-band networking, rising smartphone, tablets, laptops and smart TV users, contributes the continuous focus on research and development to launch new Wi-Fi standards.
Rising focus on power efficient wireless data transfer, increasing access to online media content and growing user preference for simultaneous streaming of multiple, high definition video content from a single Wi-Fi router, further accelerates the launch of new Wi-Fi standards.
Additionally, government initiatives on municipal wireless network and the growing need for higher bandwidth channel support to reduce Wi-Fi interferences are the factors fuels the need for advanced Wi-Fi standards globally.
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However, devices connected to the routers with new standard must support the new standard in order to utilize the functional benefits and performance of new Wi-Fi standards, is identified as the key technical challenge likely to deter the progression of routers with new Wi-Fi standards. Since, routers with new Wi-Fi standards reach the market quickly, whereas devices with capable chip taken much longer.
The new Wi-Fi Standard can be segmented on the basis of technology, product and end user. On the basis of technology new Wi-Fi standard segmented into IEEE 802.11n, IEEE 802.11ac, IEEE 802.11ad (WiGig) and others. On the basis of product, new Wi-Fi standard is segmented into network infrastructure devices, communication and computing devices and consumer electronic devices. By end user, new Wi-Fi Standard can be segmented on the basis of enterprise size.
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Regionally, new Wi-Fi Standard can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. North America market is expected to dominate, due to continuous adoption to new standards and rising number of connected devices. Asia Pacific is identified as the fastest growing market due to rapid urbanization and continuous progression in digital initiatives
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