The Global WIFI Market Growth, COVID-19 impact and Forecast (2021-2025)
Global wifi market is segmented based on Component type as Hardware, Solution and Services; based on end user as education, transportation, government, manufacturing, healthcare, retail, hospitality and sports & leisure; based on geography as APAC, Europe, North America, and ROW.
Introduction
Wi-Fi stands for Wireless Fidelity with a generic name IEEE802.11. Wi-Fi comprises of a collection of products and services that conforms to a well-defined class of industrial standards and supports Wireless Local Area Networking (WLAN) in both homes and corporate workspaces creating a benchmark for WLAN.
Wi-Fi enables computers and mobile devices to connect to the internet and other private and public networks. Wi-Fi utilizes the radio technology for the transmission of high-speed data.
Networks are important factors that allow the expansion of boundaries of businesses and reduces the operational hindrances to a large extend.
The communities across the world are information driven and the decision makers, both consumers and business developers, rely on the analysis of extensive data in order to make decisions that is easily available and accessible through internet.
Table of Contents
Market Overview
The global wifi market is expected to grow to $21.32 billion by 2025 at a CAGR of 17.80%
The global wifi market is expected to show appreciable growth over the forecast period, on account of the rising global demand for wireless-enabled devices such as television, smartphones, tablets, and laptops, etc.
This technology helps to reduce the overall network cost of enterprises owing to hassle-free maintenance and easy accessibility.
It also reduces the network wiring cost and provides mobility to users over traditional wired networks.
Key Trends
Core industry sectors are keen on automating and digitizing their business processes to streamline business operations
With more people switching to smartphones, laptops and other Wi-Fi enabled devices, there is a greater demand for better connectivity, network and more importantly for wireless connectivity in outdoor setups.
Key Market Players
The market is dominated by global vendors like Cisco, Aruba, Juniper Networks, Ruckus Wireless, Ericsson and Huawei.
Growth Drivers and Challenges
The rapid rise in the adoption of digital solutions has paved the way for the growth of Wi-Fi market.
Organizations across the globe are eagerly implementing technologically advanced applications across their verticals to engage customers in innovative and captivating ways; this raised the need for adequate quality of wireless network connectivity, such as Wi-Fi.
Contention loss and co-channel interference are the key issues associated with Wi-Fi networks.
The distribution of users along the access points would not be even, which would pose a problem in making decisions about the implementation of new access points.
The COVID-19 pandemic has affected every segment of society, including individuals and businesses. The internet ecosystem has been playing a pivotal role all over the globe. Due to the COVID-19 pandemic, the dependency on online businesses has increased significantly.
Various organizations across the globe, such as the Bill and Melinda Gates Foundation (BMGF) and Wellcome Trust, are also coming together to accelerate and strengthen the efforts to fight the COVID-19 pandemic.