Wi-Fi Market by Component (Hardware, Services, Solution), Density (Enterprise-Class Wi-Fi, High-Density Wi-Fi), Location Type, Organization Size, Vertical - Global Forecast 2024-2030

Wi-Fi Market by Component (Hardware, Services, Solution), Density (Enterprise-Class Wi-Fi, High-Density Wi-Fi), Location Type, Organization Size, Vertical - Global Forecast 2024-2030

The Wi-Fi Market size was estimated at USD 15.68 billion in 2023 and expected to reach USD 17.84 billion in 2024, at a CAGR 14.57% to reach USD 40.66 billion by 2030.

Wi-Fi is referred to as wireless networking technology that allows smartphones, computers, or other devices to connect to the internet or communicate within a specified network wirelessly. This technology is propagated through radio waves without wired connections, thus providing convenience and flexibility in accessing data and information online. The increasing use of smart devices, the widespread adoption of IoT, and the surge in online gaming and media streaming have all led to an incline in the demand for high-speed internet connectivity, driving the market expansion. However, high infrastructure investment and maintenance costs, network security concerns, and inadequate connectivity in rural areas may hinder the Wi-Fi market growth. Nevertheless, the ongoing deployment of public Wi-Fi across cities and increasing global wireless traffic may create potential opportunities for the growth of the Wi-Fi market.

Regional Insights

The Wi-Fi market is evolving in the Americas owing to the robust technological infrastructure and a thriving digital ecosystem and focus on enhancing customer experience and improving operational efficiency. Among EU countries, the Wi-Fi market is empowered by an advanced digital landscape and the implementation of smart cities. Nations such as Germany, France, and the UK are at the forefront of Wi-Fi technology, with investments in innovative solutions and new patents. The Middle East and Africa represent a rapidly expanding Wi-Fi market due to upsurge in digitization, and increased smartphone usage is fueling consumer demand for Wi-Fi. The Wi-Fi market in the Asia-Pacific region is growing due to increased technology adoption and internet penetration. Besides, emphasis on developing enhanced Wi-Fi and expanding the 5G network is anticipated to propel the use of Wi-Fi solutions by the end-users globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Wi-Fi Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for the Internet of Things and penetration of Internet-enabled gadgets
• Growing investments in smart city projects globally
• Increasing adoption of BYOD and CYOD trend among organizations

Market Restraints

• Issues related to latency and network densification

Market Opportunities

• Technological advancements and demand for carrier and roaming Wi-Fi connections
• Extensive investments in expanding 5G infrastructure

Market Challenges

• Data privacy and security concerns

Market Segmentation Analysis

• Component: Increasing utilization of hardware due to its constant technological advancements
• Density: Wide adoption of high-density Wi-Fi as it prioritizes maintaining the quality of service despite the high traffic
• Location Type: Burgeoning utilization of Wi-Fi for outdoors
• Vertical: Evolving application of Wi-Fi in education for digital facilitation of learning resources

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Wi-Fi Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Wi-Fi Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

GigaDevice Launches Brand New Wi-Fi 6 MCU Series - GD32VW553

GigaDevice unveiled its latest Wi-Fi 6 MCU Series, the GD32VW553, which brings many exciting features. This new series showcases a certified Wi-Fi 6 SoC design and supports Bluetooth 5.2. One notable highlight is the inclusion of a robust, secure boot system, enhancing data security for Internet of Things (IoT) applications.

Sonim Embarks on New Horizon With The European Launch of Its First ‘Connect’ Wireless Internet Product

Sonim has expanded its offerings by introducing its first Connect Wireless Internet product in Europe. This innovative product allows users to access wireless internet as a reliable alternative to fixed LTE networks. Customers can enjoy fast and secure internet service with high-speed downloads, global roaming capability, and a secure WiFi connection. Sonim's Connect Wireless Internet product provides users with a cost-effective and dependable wireless internet solution.

Verizon launches new tech to monitor activity on home WiFi

Verizon introduced cutting-edge technology to monitor home Wi-Fi activity. This advanced technology can measure the speed of devices and identify the devices connected to the network. Users can now benefit from real-time analysis of their home Wi-Fi performance, providing valuable insights to improve their overall network experience. With Verizon's new technology, users can easily optimize their Wi-Fi setup and ensure a seamless and efficient connection throughout their home.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Wi-Fi Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Wi-Fi Market, highlighting leading vendors and their innovative profiles. These include Alcatel-Lucent Enterprise International, ALE International SAS, AT&T Inc., Bharti Airtel Limited, Broadcom Inc., Cambium Networks, Ltd., Casa Systems, Inc., Cisco Systems, Inc., Cloud4Wi, Inc., Comcast Business, D-Link Corporation, Extreme Networks, Inc, Fon Wireless Ltd., Fortinet, Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Juniper Networks Inc., LEVER Technology Group Ltd., Manhattan Telecommunications Corporation, Motorola Solutions Inc., NETGEAR Inc., New H3C Technologies Co. Ltd., Panasonic Corporation, Purple Wi-Fi Ltd., SDMC Technology Co., Ltd, Telefonaktiebolaget LM Ericsson, Telstra Group Limited, and Vodafone Idea Limited.

Market Segmentation & Coverage

This research report categorizes the Wi-Fi Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component

• Hardware
• Access Points
• Wireless Hotspot Gateways
• WLAN Controllers
• Services
• Managed Services
• Professional Services
• Solution
• Density
• Enterprise-Class Wi-Fi
• High-Density Wi-Fi
• Location Type
  • Indoor
  • Outdoor
  • Organization Size
  • Large Enterprises
  • Small & Medium-Sized Enterprises
  • Vertical
  • Education
  • Government
  • Healthcare & Life Sciences
  • Hospitality
  • Manufacturing
  • Retail & E-Commerce
  • Transportation & Logistics
  Region
  • Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
  • California
  • Florida
  • Illinois
  • New York
  • Ohio
  • Pennsylvania
  • Texas
  • Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Europe, Middle East & Africa
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Israel
  • Italy
  • Netherlands
  • Nigeria
  • Norway
  • Poland
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • United Arab Emirates
  • United Kingdom
  
  
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