PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1648508
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1648508
The Wi-Fi market is estimated at USD 22.06 billion in 2024 to USD 45.12 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 15.4%. Wi-Fi is a core component of Smart City initiatives since it provides reliable connectivity for most applications in cities. It supports numerous IoT devices simultaneously to make utilities such as electricity and water evenly distributed and avoid the wastage of these resources. Public safety systems such as smart surveillance and emergency communication will also be enhanced through real-time data transmission. Its usage in transportation allows for connected traffic management and tracking public transport, thus improving transit. Adoption of Wi-Fi and its scalable cost-effective solutions has accelerated the transformation of cities into intelligent, efficient, and livable spaces.
Scope of the Report | |
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Years Considered for the Study | 2018-2029 |
Base Year | 2024 |
Forecast Period | 2024-2029 |
Units Considered | USD (Billion) |
Segments | By Offering Deployment, Technology, Application and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. |
"By deployment, the Indoor segment will hold the larger market size during the forecast period."
Indoor Wi-Fi deployments are tailored for enclosed spaces such as homes, offices, shopping malls, hospitals, and educational institutions that require fast connectivity. These indoor setups ensure strategic placement of access points to achieve the most effective coverage with minimal interference from walls and other obstacles. Features such as beamforming and MU-MIMO ensure optimal performance in high-density environments, such as open-plan offices or classrooms. Seamless roaming enables devices to maintain connectivity regardless of the position of the users within the premises. Security in enterprise environments will be ensured with emerging standards such as WPA3. Centralized network management would enable real-time monitoring and troubleshooting of issues. Indoor Wi-Fi supports smart building systems, video conferencing, IoT devices, and high-bandwidth applications necessary in modern, connected indoor spaces.
"The High-density Wi-FI segment will register the fastest growth rate during the forecast period."
High-density Wi-Fi networks are designed to deliver reliable connectivity in environments with a large number of devices. They ensure seamless internet access across various applications. They use advanced technologies such as Wi-Fi 6 and Wi-Fi 7 to handle a high demand from a wide range of devices, such as smartphones, laptops, and IoT. With intelligent network design, including optimal access points and signal strength, high-density Wi-Fi ensures consistency in every area, even in the densest spaces. Techniques such as load balancing and band steering also assist in stronger connectivity by better redistributing traffic patterns and thereby reducing congestion. Robust encryption, enhanced monitoring features, and fine-tuned access control ensure secure and reliable connections. With proactive capacity planning and continuous performance monitoring, high-density Wi-Fi networks ensure a stable, safe, and high-performing experience even at peak usage times.
"Asia Pacific will witness the highest market growth rate during the forecast period."
The Asia Pacific region's Wi-Fi landscape firmly pushes towards bridging the digital divide and fostering digital inclusion. In Japan, KDDI Corporation and Wire & Wireless launched a free Wi-Fi network platform using OpenRoaming, starting in April 2023, to enhance secure connectivity in high-density environments such as various municipalities in Toky. This platform offers advanced features, including encrypted wireless communication, 6GHz support (Wi-Fi 6E), and compatibility with multiple operating systems and languages, ensuring easy access for users across various regions. Similarly, South Korea has set a global standard by equipping over 35,000 buses with free Wi-Fi, benefiting millions of passengers, with the initiative completed by December 2020. Other nations are following suit with ambitious initiatives. Thailand's Free Public Wi-Fi and the Net Pracharat project have connected rural areas to high-speed broadband, with over 74,987 villages connected. The Philippines' Free Wi-Fi for All program continues to expand, complementing government-led digital infrastructure projects. Vietnam's National Broadband Plan, launched in June 2024, aims for nationwide high-speed internet by 2025. Indonesia's Digital Village initiative and Smart Islands program are strengthening connectivity with widespread free Wi-Fi support, enhancing local economies and infrastructure.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the Wi-Fi market.
The major players in the Wi-Fi market include Cisco Systems (US), HPE (US), NETGEAR (US), Extreme Networks (US), Juniper Networks (US), Fortinet (US), CommScope (US), Alcatel-Lucent Enterprise (France), TP-Link (China), Broadcom (US), Comcast Business (US), Vodafone (UK), Telstra (Australia), Fujitsu (Japan), AT&T (US), Huawei (China), Ubiquiti Networks ( US), D-Link (Taiwan), Orange Business Services (France), Keysight Technologies (US), Lever Technology Group (UK), Redway Networks (UK), Cabium Networks (US), ADB Global (Switzerland), Actiontec Electronics ( US), SDMC Technology (China), Edgewater Wireless (Canada), Agile Content (Spain). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their Wi-Fi market footprint.
Research Coverage
The market study covers the Wi-Fi market size across different segments. It aims at estimating the market size and the growth potential across various segments, including by offering (hardware (access points, routers, controllers, other hardware (range extenders, antennas, load balancers)), software (network management software, analytics and monitoring software, security software, other software (location-based services, guest access and captive portals), services (professional services (training & consulting network planning, designing, and implementation, support & maintenance) managed services), by deployment (indoor, outdoor), by density (high density Wi-Fi, medium density Wi-Fi, low density Wi-Fi), by technology ( Wi-Fi 5, Wi-Fi 6, Wi-Fi 7, other technologies (Wi-Fi 4 & older versions), by application (residential, industry 4.0, smart education, public Wi-Fi & dense environment, smart transportation, corporate enteprises, smart healthcare, smart retail , smart hospitality, other applications (smart utilities, smart agriculture) and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help market leaders and new entrants with information on the closest approximations of the global Wi-Fi market's revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Wi-Fi market.
Market Development: The report provides comprehensive information about lucrative markets and analyses the Wi-Fi market across various regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Wi-Fi market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading include Cisco Systems (US), HPE (US), NETGEAR (US), Extreme Networks (US), Juniper Networks (US), Fortinet (US), CommScope (US), Alcatel-Lucent Enterprise (France), TP-Link (China), Broadcom (US), Comcast Business (US), Vodafone (UK), Telstra (Australia), Fujitsu (Japan), AT&T (US), Huawei (China), Ubiquiti Networks ( US), D-Link (Taiwan), Orange Business Services (France), Keysight Technologies (US), Lever Technology Group (UK), Redway Networks (UK), Cabium Networks (US), ADB Global (Switzerland), Actiontec Electronics ( US), SDMC Technology (China), Edgewater Wireless (Canada), Agile Content(Spain).