Wi-Fi IoT Market Report: Trends, Forecast and Competitive Analysis to 2030

Wi-Fi IoT Market Report: Trends, Forecast and Competitive Analysis to 2030

Wi-Fi IoT Trends and Forecast

The future of the global Wi-Fi IoT market looks promising with opportunities in the healthcare & life sciences, retail, enterprise, manufacturing, and government markets. The global Wi-Fi IoT market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 18.7% from 2024 to 2030. The major drivers for this market are growing need of Wi-Fi for portable electronics like laptops and cellphones, expanding the use of the Bring Your Own Device (BYOD) movement and the internet of things (IoT) in enterprises throughout the world, as well as, rising demand for IoT cloud management integrated security.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Wi-Fi IoT by Segment

The study includes a forecast for the global Wi-Fi IoT by component, application, end use, and region.

Wi-Fi IoT Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Solutions
• Services

Wi-Fi IoT Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial IoT
• Commercial IoT
• Smart Home
• Other

Wi-Fi IoT Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare & Life Sciences
• Retail
• Enterprise
• Manufacturing
• Government
• Other

Wi-Fi IoT Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wi-Fi IoT Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Wi-Fi IoT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Wi-Fi IoT companies profiled in this report include-

• Cisco
• Nordic Semiconductor
• ON Semiconductor
• Synaptics
• Infineon Technologies
• Huawei
• Extreme Networks
• NXP Semiconductors
• Advantech
• Aruba

Wi-Fi IoT Market Insights

Lucintel forecasts that industrial IoT is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period because growing internet utilisation and a significant reliance on smartphones, as well as, growing trend of smart city construction with simple access to Wi-Fi to serve the education and healthcare sectors.

Features of the Global Wi-Fi IoT Market

Market Size Estimates: Wi-Fi lot market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wi-Fi lot market size by component, application, end use, and region in terms of value ($B).

Regional Analysis: Wi-Fi lot market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, application, end use, and regions for the Wi-Fi IoT market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Wi-Fi IoT market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the Wi-Fi IoT market size?

Answer: The global Wi-Fi IoT market is expected to reach an estimated $3.2 billion by 2030.

Q2. What is the growth forecast for Wi-Fi IoT market?

Answer: The global Wi-Fi IoT market is expected to grow with a CAGR of 18.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the Wi-Fi IoT market?

Answer: The major drivers for this market are growing need of Wi-Fi for portable electronics like laptops and cellphones, expanding the use of the Bring Your Own Device (BYOD) movement and the internet of things (IoT) in enterprises throughout the world, as well as, rising demand for IoT cloud management integrated security.

Q4. What are the major segments for Wi-Fi IoT market?

Answer: The future of the global Wi-Fi IoT market looks promising with opportunities in the healthcare & life sciences, retail, enterprise, manufacturing, and government markets.

Q5. Who are the key Wi-Fi IoT market companies?

Answer: Some of the key Wi-Fi IoT companies are as follows:

• Cisco
• Nordic Semiconductor
• ON Semiconductor
• Synaptics
• Infineon Technologies
• Huawei
• Extreme Networks
• NXP Semiconductors
• Advantech
• Aruba

Q6. Which Wi-Fi IoT market segment will be the largest in future?

Answer: Lucintel forecasts that industrial IoT is expected to witness the highest growth over the forecast period.

Q7. In Wi-Fi IoT market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because growing internet utilisation and a significant reliance on smartphones, as well as, growing trend of smart city construction with simple access to Wi-Fi to serve the education and healthcare sectors.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the Wi-Fi IoT market by component (hardware, solutions, and services), application (industrial IoT, commercial IoT, smart home, and other), end use (healthcare & life sciences, retail, enterprise, manufacturing, government, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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