Global Wi-Fi Market (2020 to 2026) - Increasing Demand for Carrier Wi-Fi Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Wi-Fi Market by Component (Hardware, Solution, Services), Density (High-density Wi-Fi and Enterprise-class Wi-Fi), Location Type (Indoor, Outdoor), Organization Size, Vertical (Education, Retail, e-Commerce), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global Wi-Fi market is projected to grow from USD 9,437 million in 2020 to reach USD 25,244 million by 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period.

The major growth drivers for the market include increasing need for robust network connectivity and adoption of Wi-Fi solutions in various verticals such as education, healthcare and life sciences, and retail and e-Commerce, BFSI, and IT and telecom.

Among component, hardware segment to hold a larger market size during the forecast period

The hardware segment is expected to hold the largest market size during the forecast period. The Wi-Fi hardware segment comprises access points, WLAN controllers, wireless hotspot gateways, and others. The others segment includes repeaters and relay. The integration of Wi-Fi with other devices has led to improved connectivity. Several verticals such as healthcare and life sciences and BFSI are highly dependent on wireless connectivity, and any kind of loss of connection may hamper their daily business operations.

Among Verticals, Healthcare and Life Sciences vertical to grow at the highest CAGR during the forecast period

Wi-Fi market is segmented into education, healthcare and life sciences, transportation and logistics, retail and e-Commerce, government, manufacturing, hospitality, and others. The healthcare and life sciences vertical uses Wi-Fi for the centralized management of data to increase the scalability and reliability of the services offered. In the healthcare and life sciences industry, cloud Wi-Fi services enable easy and secure access to the medical history and other critical information of patients from anywhere at any time.

The healthcare vertical covers PHI and critical patient data. The advancements in cloud technology also provide cost-efficient and reliable cloud Wi-Fi services to healthcare providers. Several healthcare organizations have adopted cloud-based technology as it allows real-time exchange of healthcare information between healthcare organizations and patients with agility and quality, and at reduced costs.

Asia-Pacific (APAC) to grow at the highest CAGR during the forecast period

APAC countries are increasingly investing in Wi-Fi projects. The Wi-Fi market in APAC has been sub-segmented into China, Japan, India, and the rest of APAC. A rapidly growing customer base, due to the increasing prominence of SMEs, coupled with the reduction in TCO, is expected to drive the Wi-Fi market growth in APAC. APAC is witnessing an upsurge in the adoption of smart devices and internet, mandating the need for reliable and secure internet connectivity. Moreover, as broadband and mobile infrastructures are improving in the Asia-Pacific region, the mobile workforce and BYOD trend are also gaining momentum. These trends in the Asia-Pacific region are expected to lead to the increased adoption of Wi-Fi technology, which is expected to fuel the growth of the Asia-Pacific Wi-Fi market. Being a developing region, the major concern of small and medium enterprises in the Asia-Pacific region is the cost that they have to bear for the deployment of on-premises WLAN solutions.

Market Dynamics

Drivers

• Digital Transformation Initiatives in Businesses, Paving the Way for Wi-Fi Networks
• Increasing Number of Internet Users Around the World
• Increasing Smartphone and Wireless Devices' Adoption Across the World
• Increasing Adoption of BYOD and CYOD Trend Among Organizations
• Widespread Adoption of IoT Devices

Restraints

• Stringent Government Data Regulations and Guidelines
• Contention Loss and Co-Channel Interference

Opportunities

• Governments' Initiatives for Smart City Projects
• Increasing Demand for Carrier Wi-Fi
• Continued Upgradations in Wi-Fi Standards

Challenges

• Poor User Experience in High-Density Environments
• Data Security and Privacy Concerns
• Disruption in the Supply Chain of Smart Devices and Connectivity Hardware due to the Pandemic

Companies Mentioned

• Airtel
• Airwave
• Alcatel-Lucent Enterprise
• Aruba
• AT&T
• Broadcom
• Cambium Networks
• Casa Systems
• Cisco
• Comcast Business
• D-Link
• Ericsson
• Extreme Networks
• Fon
• Fortinet
• Fujitsu
• Huawei
• iPass
• Juniper Networks
• LEVER Technology Group
• NETGEAR
• Orange Business Services
• Panasonic
• Redway Networks
• Southstar Drug
• Superloop
• Telstra
• The University of Cambridge
• Tokio Marine & Nichido Fire Insurance
• Ubiquiti Networks
• Vodafone

For more information about this report visit https://www.researchandmarkets.com/r/47lpx7