According to the latest report by IMARC Group, titled “Global Wi-Fi Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global Wi-Fi market reached a value of US$ 24.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 54.53 Billion by 2027, exhibiting a CAGR of 13.70% during 2022-2027.
Wireless fidelity (Wi-Fi) is a wireless networking technology that is used to connect multiple electronic devices, such as laptops, desktops, printers, smartphones, and smart wearables, to the internet. It uses radio waves to transmit information at specific frequencies to nearby gadgets. Wi-Fi typically provides a standard range of 100 meters in the open air. Moreover, it also offers various benefits such as scalability, reliability, convenience, and mobility at cost-effective prices. As a result, Wi-Fi networks find extensive applications in residential and commercial buildings across the globe.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Wi-Fi Market Trends and Drivers:
The market is primarily driven by the widespread adoption of Wi-Fi networks across the information technology (IT), telecom, education, retail, and manufacturing industries. In addition, the introduction of wireless-enabled devices, including smartphones, tablets, television, and laptops, represent another major growth-inducing factor.
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Besides this, due to the sudden outbreak of coronavirus disease (COVID-19) pandemic, there has been significant growth in the deployment of work-from-home (WFH) options and bring your own device (BYOD) corporate models. This, coupled with the various initiatives taken by governments of numerous countries to promote digitization across various industrial segments, is creating a favorable market outlook.
Furthermore, the rising product adoption in the healthcare and life sciences sectors to provide secure access to medical history and other critical patient-related information regardless of the time and place is also contributing to the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Wi-Fi Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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 and Ubiquiti Inc.
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The report has segmented the market on the basis of region, component, density, location type, organization size and industry vertical.
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
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Report : Enterprise Information Archiving Market
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