Increasing BYOD trends in organizations is expected to stimulate market growth.
Wi-Fi Market Size – USD 10.69 Billion in 2020, Market Growth – CAGR of 22.3%, Market Trends – Increasing use of IoT devices.
The global Wi-Fi Market is expected to reach USD 53.46 Billion by 2028, according to a new report by Reports and Data. The growth of the Wi-Fi market is driven by an escalating increase in the demand for mobile devices such as smartphones, laptops, etc. has led to an increase in the implementation of IoT and BYOD trend across the organization, thereby making the organizations look up ways to set up smart infrastructure to improve their workforce efficiency and continuous increase in workflow.
An increasing demand for integrated security in IoT (expected to see huge growth in near future), cloud management and adoption of carrier Wi-Fi by mobile operators are other key factors likely to drive the market growth.
Co-channel contention may act as a restraint in this market as two or more radios using the same channel are backing off each other causing interference in process of data transmission. The progress of the market is restricted by strict government norms pertaining to the use of Wi-Fi.
North America is projected to occupy the largest share in the market with a market size of USD 2.72 billion in 2019 and is projected to continue its domination throughout the forecast period due to the extensive demand for Wi-Fi services and solution in the developed economies like US and Canada.
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Key participants include Cisco (US), Aruba (US), Juniper Networks (US), Ruckus Wireless (US), Ericsson (Sweden), Huawei (China), Panasonic (Japan), Netgear (US), Aerohive Networks (US), Alcatel-Lucent Enterprises (France), and Riverbed Technologies (US).
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/wi-fi-market
For the purpose of this report, Reports and Data have segmented the global Wi-Fi market on the basis of component, density, end-use application, and region:
Component Outlook (Revenue, USD Million; 2018-2028)
Density Outlook (Revenue, USD Million; 2018-2028)
End-Use Application Outlook (Revenue, USD Million; 2018-2028)
Regional Outlook (Revenue, USD Million; 2018-2028)
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Market Report includes major TOC points:
Conclusively, all aspects of the Wi-Fi market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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