Public Wi-Fi Market - Growth, Trends, and Forecasts (2022 - 2027)
The global public Wi-Fi market stood at 232.1 million units of installed base in 2020, and it is expected to reach at 1,409,012 million units of installed base by 2026, registering a CAGR of 34.56% over the forecast period (2021 – 2026). With the growing push toward 5G technology across the developed economies, mobile subscriptions are expected to see exponential growth. According to the Ericsson's report in 2020, North America's LTE subscriptions stood at 350 million and reduce to 80 million by 2026 as the demand for 5G subscriptions is expected to gain traction. The 5G subscription in the region in 2019 stood at one million and is expected to reach 340 million by 2026.
Key HighlightsThe Public Wi-Fi Market is a moderately fragmented market with few dominant market players like Cisco Systems Inc, EnGenius Technologies, Socifi Ltd etc having a small market share with vrious other companies in the market. The companies keep on innovating and conduct research and development in order to retain their market share.
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