The global Wi-Fi market size is expected to reach USD 38.72 Billion in 2028 and register a revenue CAGR of 19.3% over the forecast period, according to the latest report by Reports and Data. Higher implementation of Internet of Things (IoT) and Bring Your Own Device (BYOD) trend across organizations globally to set up smart infrastructure for improving workforce efficiency and continuously enhancing workflow are expected to drive market revenue growth. In addition, rising demand for portable devices such as laptops and smartphones is supporting market revenue growth.
Wi-Fi supports narrowband and broadband IoT applications from a common platform that works at varying levels of signal range and power consumption. Growing trend of social media, higher internet penetration, and increasing consumption of media content are also driving growth of the market. Moreover, government initiatives to promote digitalization, increasing demand for integrated security in IoT, cloud management, and adoption of carrier Wi-Fi by mobile operators are other key factors expected to drive market revenue growth.
Furthermore, development of Wi-Fi 6 is also fueling revenue growth of the global market, as Wi-Fi 6 provides various benefits over other generations of wireless technology. It supports four times higher network bandwidth and user concurrency with other features to enhance performance and reliability, as well as reduce power drain for end-use devices. However, co-channel contention can hamper market growth as two or more radios using same channel and backing off each other can cause interference in the process of data transmission. Adoption of Wi-Fi is limited due to restrictions and strict government norms pertaining to use of Wi-Fi.
Some major companies profiled in the global market report are Cisco, Aruba, Juniper Networks, Ruckus Wireless, Ericsson, Huawei, Panasonic, Netgear, Aerohive Networks, and Alcatel-Lucent Enterprises.
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Some Key Highlights in the Report
For the purpose of this report, Reports and Data has segmented the global Wi-Fi market on the basis of component, density, organization size, end use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Density Outlook (Revenue, USD Billion; 2018–2028)
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
Regional Outlook (Revenue, USD Billion; 2018–2028)
Key Advantages of Wi-Fi Report:
Conclusively, all aspects of the Wi-Fi market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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