Wi-Fi Market

Analysts at GMI Research estimates that the Wi-Fi market was worth USD 9.4 billion in 2020, and forecast to touch USD 34.9 billion in 2028, growing at a significant higher CAGR 17.8% from 2021-2028.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Wi-Fi market include increasing internet penetration with a surge in the sale of intelligent and connected devices such as smartphones, IoT devices, etc. For instance, according to the International Telecommunication Union report in 2019, more than 4.1 billion people are connected to the internet through various means such as mobile internet, Wi-Fi, and broadband connectivity. The number of internet connectivity is increasing rapidly with a surge in the sale of smart devices across the globe, rising consumer spending, and disposable income. For instance, according to the We Forum Organization Report in 2019, the global consumer spending on smart devices related to household reached USD 52 Billion in 2019, which has propelled the demand for the WI-Fi market across the globe.

Further, the rising trend towards adopting new technology such as 5G, IoT AI, etc., for enhancing the digital platform-based IT and telecommunication companies’ business productivity is expected to strengthen the Wi-Fi market growth. For instance, in 2021, one of India’s leading telecommunications Company, Bharti Airtel has launched the country’s first telco 5G service, which is successfully demonstrated & orchestrated LIVE 5G services on the network in Hyderabad city, India. Also, in 2021, Bharti Airtel tied up with Qualcomm for launching a High-Speed 5G Internet Service in India to compete against Reliance Jio for bringing the latest generation of wireless internet services in the country.

Restraint in the Wi-Fi Market

However, increasing the threat of contention loss and cyber attackers to avoid network sharing and co-channel interference related to the distribution of the network may hamper the global Wi-Fi market.

Also, another major restraining factor for the Wi-Fi market is its lack of Quality of Experience (QoE) in the large occupied area due to substandard access points and inaccurate network planning. User’s experience is poor, especially in large areas such as shopping malls, stadiums, and midsized hotels, etc. These factors hinder the Wi-Fi market growth.

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Component – Segment Analysis

Based on the component, services are expected to grow at the fastest rate in the global WiFi market during the forecast period due to rising broadband connectivity services across the globe with the a surge in the number of internet users. For instance, according to the GSMA Organization Report in 2019, more than 3.4 billion people are connected with a broadband network which propelled the growth of the segmental service.

Density – Segment Analysis

Based on the Density, high-density WiFi projected to capture the largest market share over the forecast period in the global WiFi market due to the rising adoption by the digital companies with the surge in the global penetration of the internet and rising investment by the leading players for launching new technology across the globe. For instance, in 2021, Jio, one of the leading telecommunication providers has launched JioExtender6 AX6600 WiFi 6 Mesh with 1Gbps high-speed broadband connectivity.

End-User – Segment Analysis

Based on the end-user, e-Commerce is expected to capture the largest market share in the global WiFi market in upcoming years due to the rise in the adoption of the online website portals for shopping and rising demand in the logistics companies for smoothening the logistics operations. For instance, according to the UNCTAD report in 2020, the global e-commerce sale reached 26.2 trillion due to surge in online shopping trends.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to capture a significant market share in the global WiFi market in 2020 due to the presence of leading telecommunication players along with the surge in the growing government investment for broadband connectivity with 5G evolution. For instance, AT&T, one of the leading telecommunication companies, has invested a total of USD 105 Billion in the United States between 2016-2020. Rising broadband connectivity services across the globe with surge in the number of internet users have propelled the market growth. For instance, according to the GSMA Organization Report in 2019, more than 3.4 billion people are connected with broadband network which impelled the services segmental growth.

Top Market Players

Various notable players operating in the market, include, Cisco Systems, Inc., Aruba Networks, Juniper Netwokrs, Inc., Ruckus Wireless, Inc., Aptilo Networks, Netgear, Inc., Ericsson, Alcatel-Lucent, Aerohive, Boingo Wireless, Inc, and among others. 

Key Developments:

• • In 2019, CISCO launched the expanded version of 5th Generation Wi-Fi named Wi-Fi 6 with 400 times extended capacity designed to provide predictable consumer experiences.
  • In 2020, Huawei introduced fully powered office networks AirEngine Wi-Fi 6 products that accelerate the capacity of corporate houses with air- interface data speed of 10.75 Gbps.

Segments covered in the Report:

The global Wi-Fi market has been segmented on the basis of component, density, location type, end-user and key regions. Based on component, the market is segmented into hardware, solution and services. Based on the density, the global market is divided into enterprise-class Wi-Fi and high-density Wi-Fi. Based on location type, the market is segmented into indoor, outdoor and transport. Based on end-user the market is segmented into residential & commercial, education, retail, ecommerce, and others. 

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Key questions answered in this research report:

• • At what pace is global Wi-Fi market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Wi-Fi market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Wi-Fi market?
  • Which component generated maximum revenues in 2020 and identifies the most promising Component during the forecast period?
  • What are the various end-users global Wi-Fi market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Wi-Fi Market by Component

• • Hardware
  • Solution
  • Services

Global Wi-Fi Market by Density

• • Enterprise-class Wi-Fi
  • High-density Wi-Fi

Global Wi-Fi Market by Location Type

• • Indoor
  • Outdoor
  • Transport

Global Wi-Fi Market by End-User

• • Residential & Commercial
  • Education
  • Retail
  • E-commerce
  • Others

Global Wi-Fi Market by Region

• • North America Wi-Fi Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Density
    • By Location Type
    • By End-User
    • US Market All-Up
    • Canada Market All-Up

  • Europe Wi-Fi Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Density
    • By Location Type
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Wi-Fi Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Density
    • By Location Type
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Wi-Fi Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Density
    • By Location Type
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Wi-Fi (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems, Inc.
  • Aruba Networks
  • Juniper Netwokrs, Inc.
  • Ruckus Wireless, Inc.
  • Aptilo Networks
  • Netgear, Inc.
  • Ericsson
  • Alcatel-Lucent
  • Aerohive
  • Boingo Wireless, Inc