MarketsandMarkets forecasts the global post-COVID-19 Wi-Fi market size to grow from USD 9.4 billion in 2020 to USD 25.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during 2020–2026. The major growth drivers for the market include increasing need for robust network connectivity and adoption of Wi-Fi solutions in various verticals such as education, healthcare and life sciences, and retail and eCommerce, BFSI, and IT and telecom.
Among component, hardware segment to hold a larger market size during the forecast period
The hardware segment is expected to hold the largest market size during the forecast period. The Wi-Fi hardware segment comprises access points, WLAN controllers, wireless hotspot gateways, and others. The others segment includes repeaters and relay. The integration of Wi-Fi with other devices has led to improved connectivity. Several verticals such as healthcare and life sciences and BFSI are highly dependent on wireless connectivity, and any kind of loss of connection may hamper their daily business operations.
Among Verticals, Healthcare and Life Sciences vertical to grow at the highest CAGR during the forecast period
Wi-Fi market is segmented into education, healthcare and life sciences, transportation and logistics, retail and eCommerce, government, manufacturing, hospitality, and others. The healthcare and life sciences vertical uses Wi-Fi for the centralized management of data to increase the scalability and reliability of the services offered. In the healthcare and life sciences industry, cloud Wi-Fi services enable easy and secure access to the medical history and other critical information of patients from anywhere at any time. The healthcare vertical covers PHI and critical patient data. The advancements in cloud technology also provide cost-efficient and reliable cloud Wi-Fi services to healthcare providers. Several healthcare organizations have adopted cloud-based technology as it allows real-time exchange of healthcare information between healthcare organizations and patients with agility and quality, and at reduced costs.
Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
APAC countries are increasingly investing in Wi-Fi projects. The Wi-Fi market in APAC has been sub-segmented into China, Japan, India, and the rest of APAC. A rapidly growing customer base, due to the increasing prominence of SMEs, coupled with the reduction in TCO, is expected to drive the Wi-Fi market growth in APAC. APAC is witnessing an upsurge in the adoption of smart devices and internet, mandating the need for reliable and secure internet connectivity. Moreover, as broadband and mobile infrastructures are improving in the Asia Pacific region, the mobile workforce and BYOD trend are also gaining momentum. These trends in the Asia Pacific region are expected to lead to the increased adoption of Wi-Fi technology, which is expected to fuel the growth of the Asia Pacific Wi-Fi market. Being a developing region, the major concern of small and medium enterprises in the Asia Pacific region is the cost that they have to bear for the deployment of on-premises WLAN solutions.
- By Company: Tier I: 35%, Tier II: 40%, and Tier III: 25%
- By Designation: C-Level Executives: 45%, Directors: 15%, Others: 15%
- By Region: North America: 25%, Europe: 36%, APAC: 30%, RoW: 10%
The report includes the study of the key players offering Wi-Fi solutions and services. It profiles major vendors in the global Wi-Fi market, including Cisco (US), Ericsson (Sweden), Extreme Networks (US), Huawei (China), Juniper Networks (US), Panasonic (Japan), Fortinet (US), NETGEAR (US), Aruba (US), Alcatel-Lucent Enterprise (France), D-Link (Taiwan), Broadcom (US), Airtel (India), Orange Business Services (France), Comcast Business (US), Vodafone (UK), Telstra (Australia), Fujitsu (Japan), AT&T (US), Lever Technology Group (UK), Redway Networks (Buckinghamshire), Ubiquiti Networks (US), iPass (US), Superloop (Australia), Cambium Networks (US), CASA Systems (US), Fon (Spain).
The report segments the global Wi-Fi market by component, by density, by location type, by organization size, by vertical, and by region. The component includes hardware, solutions, and services. The density include High-Density Wi-Fi and Enterprise-Class Wi-Fi. The location type comprises of indoor and outdoor. The organization size include large enterprises and SMEs. The Wi-Fi market by verticals include education, healthcare and life sciences, transportation and logistics, retail and eCommerce, government, manufacturing, hospitality, and others. The report covers the Wi-Fi market with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America.
The report would help the market leaders and new entrants in the global Wi-Fi market in the following ways:
- The report segments the market into various subsegments. Hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are split further across applications and regions.
- It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
- It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market.
- The study also presents the positioning of the key players based on their product offerings and business strategies.