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The global Wi-Fi market was valued at US$ 24.2 Billion in 2021.
We expect the global Wi-Fi market to exhibit a CAGR of 13.70% during 2022-2027.
The rising popularity of responsive, effective, and quality wireless network connectivity across numerous industries, such as telecom, education, retail, etc., is primarily driving the global Wi-Fi market.
The sudden outbreak of the COVID-19 pandemic has led to the escalating demand for Wi-Fi solutions in remote working model for uninterrupted workflow across several organizations. Additionally, the emerging popularity of portable Wi-Fi devices, owing to cost-effectiveness and convenient usage, is also augmenting the global market.
Based on the component, the global Wi-Fi market can be segmented into hardware, solutions, and services. Among these, hardware currently holds the majority of the total market share.
Based on the location type, the global Wi-Fi market has been divided into indoor and outdoor. Currently, indoor exhibits a clear dominance in the market.
Based on the industry vertical, the global Wi-Fi market can be categorized into IT and telecommunication, education, BFSI, healthcare, logistics and transportation, retail, government, and others. Among these, the IT and telecommunication industry currently accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global Wi-Fi market include 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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