The Wi-Fi Market size is expected to grow from USD 14.5 billion in 2023 to USD 39.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period. Businesses and industries are undergoing digital transformation, adopting technologies like cloud computing, big data analytics, and artificial intelligence. These technologies require robust and high-speed internet connections, promoting the adoption of advanced Wi-Fi solutions and services.
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The indoor segment is expected to lead the Wi-Fi market during the forecast period.
The Wi-Fi market is segmented into indoor and outdoor based on location type. The growing adoption of smart home devices, including smart TVs, thermostats, security cameras, and voice assistants, which rely heavily on indoor Wi-Fi connectivity, will drive the market. Also, the growing reliance on the internet for work, education, entertainment, and communication is a significant driver. As more people use multiple connected devices indoors, the demand for robust indoor Wi-Fi networks rises.
Smart home devices segment is expected to hold the largest market share during the forecast period.
Wi-Fi smart home devices have become increasingly popular in recent years, revolutionizing the way people interact with and manage their homes. These devices leverage wireless internet connectivity to provide convenience, energy efficiency, security, and automation in residential settings. Wi-Fi-enabled smart home devices allow users to automate various tasks, control devices remotely, and create personalized routines. The rapid growth in the number and variety of smart home devices, including smart TVs, thermostats, lights, security cameras, and appliances, drives the need for robust Wi-Fi networks.
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Unique Features in the Wi-Fi Market :
By enabling simultaneous communication between routers and numerous devices, MU-MIMO technology increases network efficiency.
With greater encryption and defence against brute-force attacks, WPA3 improves Wi-Fi security and offers a more secure connection.
Mesh Wi-Fi systems cover big areas and multi-story buildings with ease by combining several access points into a single, coherent network.
Wi-Fi 6E expands Wi-Fi 6 into the 6 GHz band to support additional IoT devices, whereas Wi-Fi HaLow (802.11ah) is intended for low-power, long-range IoT devices.
Users can connect to public Wi-Fi hotspots more easily and securely when they utilise a passpoint, which makes this possible.
Businesses and service providers may streamline network design, monitoring, and troubleshooting with the help of cloud-based Wi-Fi management solutions.
Major Highlights of the Wi-Fi Market :
In underprivileged areas, Wi-Fi is utilised as a low-cost substitute for traditional internet and as a wireless broadband solution for last-mile connectivity.
Growing efforts are being made to close the digital gap by offering public Wi-Fi connection in both urban and rural regions for free or at a reduced rate.
In order to relieve congestion and boost network performance, Wi-Fi networks are utilised to offload data traffic from cellular networks.
Optimising Wi-Fi network speed, anticipating and resolving problems, and enhancing user experiences are all made possible by AI and machine learning.
The location-based services of Wi-Fi networks are utilised for asset tracking, interior navigation, and proximity marketing.
Call quality and coverage are enhanced when voice calls are made over Wi-Fi networks thanks to VoWi-Fi functionality.
Improved management and security capabilities for Internet of Things devices are being integrated into Wi-Fi networks.
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Top Key Companies in the Wi-Fi Market
The major vendors covered in the Wi-Fi include Cisco (US), Ericsson (Sweden), Extreme Networks (US), Huawei (China), Juniper Networks (US), Panasonic (Japan), Fortinet ( US), Aruba (US), Alcatel-Lucent Enterprise (France), NETGEAR (US), Broadcom (US), Airtel (India), Orange Business Services (France), Comcast Business (US), Vodafone (UK), Telstra (Australia), Fujitsu (Japan), AT&T (US), Ubiquiti Networks (US), Lever Technology Group (UK), Redway Networks ( England), Superloop (Australia), Cambium Networks (US), Casa Systems (US), Fon (Spain), D-Link (Taiwan), Actiontec Electronics (US), ADB Global (Switzerland). SDMC Technology (China), Edgewater Wireless Systems (Canada). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches to expand their presence in the Wi-Fi market.
Ericsson is a Swedish multinational telecommunications company. It is one of the globe’s largest telecommunications equipment manufacturers. The company provides a wide range of products and services, including mobile networks, fixed networks, cloud services, and managed services. Ericsson provides Wi-Fi solutions and services for segments, including utilities, transport, public safety, commercial and industrial real estate, and mobile operators. The company has customers in 180 countries across North America, Europe, the Middle East & Africa, Latin America, and Asia Pacific.
Extreme Networks is engaged in the provision of Ethernet switching devices for cloud, data center, and mobile networks. The company operates through one segment, developing and marketing network infrastructure equipment. Extreme Networks categorizes its product under six divisions: edge/access Ethernet switching systems, aggregation/core Ethernet switching systems, data center switching systems, high-density Wi-Fi, centralized networks, and cloud-based network management. The technologies include Virtual Extensible LAN (VXLAN), MPLS/VPLS, and Shortest Path Bridging (SPB) capabilities. Under high-density, Wi-Fi offers an extreme wireless family of wireless access points, centralized management, and appliances to enable the deployment of wired-like performance at scale for high-density in every environment. The company’s centralized networks provide visibility, control, and meaningful information across the wired and wireless networks. The company’s BYOD products provide a standard-based, multi-vendor interoperable pre-connect and post-connect Network Access Control solution for wired and WLAN. In addition, it also offers IoT management. Extreme Networks’ cloud-based network management provides wired and wireless cloud network management solutions. The company has around 707 issued patents in the US and 419 patents outside the US. It operates in North America, Europe, the Middle East & Africa, and Asia Pacific.
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