Wi-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Wi-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5311
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Market Overview:

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 growth rate (CAGR) of 13.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Wireless fidelity (Wi-Fi) refers to a wireless networking technology that is used for connecting multiple electronic devices, including laptops, desktops, smartphones, and wearables, with the internet. It operates by sending radio signals from the wireless router to nearby gadgets, which translates the signal into data. These waves are further decoded and transmitted back to the router that assists in connecting the internet by wire and cable. Wi-Fi offers greater flexibility, scalability, reliability, convenience, and mobility at cost-effective prices, due to which it is extensively used in various applications. At present, it is commercially available in high-density and enterprise-class Wi-Fi density types. 

 

 
 

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Wi-Fi Market Trends:

The widespread adoption of Wi-Fi across the information technology (IT), telecom, education, retail, healthcare, life sciences, manufacturing, and small and medium-sized enterprises (SMEs) on account of the increasing need for responsive, effective, and quality wireless network connectivity is primarily driving the market growth. the increasing deployment of Wi-Fi across organizations has also enabled businesses to streamline multiple operations and ensure rapid and responsive development, while keeping track of the network. This is acting as another major growth-inducing factor. In line with this, significant technological advancements, such as the introduction of wireless-enabled devices, including smartphones, tablets, television, and laptops, that helps in reducing network wiring cost and offers improved mobility is also supporting the market growth. Additionally, the consequent implementation of nationwide lockdown due to the sudden outbreak of coronavirus disease (COVID-19) pandemic have led to the employment of Internet of Things (IoT) and bring your own device (BYOD) corporate models, which, in turn, is facilitating the demand for Wi-Fi across the globe. Other factors, such as favorable initiatives undertaken by the government of several countries for promoting digitalization, higher penetration of internet connectivity, and increasing utilization of electronic gadgets for performing tasks, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global Wi-Fi market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, density, location type, organization size and industry vertical.

Breakup by Component:

 

 
 

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  • 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:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Density, Location Type, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Wi-Fi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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