PUBLISHER: The Business Research Company | PRODUCT CODE: 1513275
PUBLISHER: The Business Research Company | PRODUCT CODE: 1513275
Wireless access points (WAPs) are networking devices facilitating the connection of wireless devices to either a wired or wireless network. They function as the bridge between a wireless local area network (WLAN) and a fixed-wire network, facilitating access for wireless devices to the wired network and vice versa. WAPs find common applications in homes, public Internet hotspots, and business networks, enabling the integration of both wired and wireless networking equipment.
Two primary categories of wireless access points include indoor and outdoor. Indoor WAPs are engineered to provide optimal wireless performance, connectivity, and management within building premises, catering to a diverse range of enterprise and commercial indoor environments. These WAPs are deployed on-premises or in the cloud and serve various purposes such as gateways or routers, supporting dependent and independent applications. They are utilized by a spectrum of end-users including those in banking, financial services, insurance, healthcare, manufacturing, commercial sectors, telecommunications, among others.
The wireless access points market research report is one of a series of new reports from The Business Research Company that provides wireless access points market statistics, including wireless access points industry global market size, regional shares, competitors with a wireless access points market share, detailed wireless access points market segments, market trends, and opportunities, and any further data you may need to thrive in the wireless access points industry. This wireless access market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wireless access points market size has grown strongly in recent years. It will grow from $4.77 billion in 2023 to $5.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to raised demand for 5g network acceleration, the growing adoption of internet of things (iot) devices, growing adoption of wireless aps, rise of smart homes and connected devices.
The wireless access points market size is expected to see strong growth in the next few years. It will grow to $7.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising advancement of smart cities, the rising demand for seamless, fast wireless connectivity, increasing demand for high-speed data access. Major trends in the forecast period include biotechnology revolution, technological advancements, partnerships, and investments.
The increasing demand for wireless internet access in both residential and commercial settings is projected to drive the growth of the wireless access point market in the future. Wireless internet access in these environments typically utilizes wireless local area networks (WLANs), employing technologies such as Wi-Fi to connect devices within a confined area such as homes, offices, or campuses. This demand surge is attributed to factors including the rising usage of smart devices, IoT and smart cities initiatives, heightened bandwidth needs, increasing BYOD and remote work trends, and advancements in 5G and Wi-Fi 6 technologies. Wireless access points facilitate seamless roaming, enabling users to move within coverage areas without encountering disruptions or dropped connections. For example, a report from the Canadian Radio-television and Telecommunications Commission, a government organization, revealed that in February 2024, residential wireless internet access subscribers in Canada reached 93.9%, marking a 0.4% increase from the previous year. Consequently, the escalating need for wireless internet access in residences and commercial establishments is propelling the wireless access point market's growth trajectory.
Key players in the wireless access point market are concentrating on the development of sophisticated access points utilizing high-performance Wi-Fi 6 technology to gain a competitive edge. High-performance Wi-Fi 6 technology enhances network efficiency, capacity, coverage, and performance, particularly in high-density environments such as offices, malls, and residential areas. For instance, in October 2022, Cisco Systems Inc., a US-based digital communications technology corporation, introduced a Wi-Fi 6 Access Point tailored for small and medium businesses. This innovative technology aims to alleviate the battery burden on connected devices, thereby boosting efficiency and performance for SMBs. Additionally, it offers a flexible and reliable network infrastructure supporting both the 2.4 GHz and 5 GHz bands, enabling the deployment of multiple access points managed as a unified entity, ensuring seamless coverage across workplaces without requiring separate controller software.
In April 2024, EarthLink Network Inc., a US-based Internet service provider, completed the acquisition of Broad Aspect Fiber-Optic and Fixed Wireless Network business for an undisclosed sum. This strategic acquisition is poised to enhance EarthLink's capacity to deliver high-speed internet services, particularly dedicated internet services to businesses. Broad Aspect, based in Virginia, specializes in providing cloud and network services connectivity, offering a comprehensive range of cloud platforms encompassing infrastructure, network, and voice services.
Major companies operating in the wireless access points market are Huawei Technologies Co. Ltd., Cisco Systems Inc., Motorola Solutions Inc., Juniper Networks Inc., Fortinet Federal Inc., Ubiquiti Inc., HPE Aruba Networking, Alcatel-Lucent Enterprise International SAS, Extreme Networks Inc., Adtran Holdings Inc., TP-Link Technologies Co. Ltd., Sierra Wireless Inc., D-Link Corporation, SonicWall Inc., Cradlepoint Inc., Zyxel Communications Corp., Cambium Networks Corporation, Ruckus Networks, Grandstream Networks Inc., Airspan Networks Holdings Inc., Aerohive Networks Inc., WatchGuard Technologies Inc., LANCOM Systems GmbH, EnGenius Technologies Inc., Mist Systems Inc., Open Mesh Inc.
Asia-Pacific was the largest region in the wireless access points market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless access points market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the wireless access points market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wireless access points market consists of revenues earned by entities by providing services such as security features, guest network support, and quality of service, wireless distribution systems, and client isolation. The market value includes the value of related goods sold by the service provider or included within the service offering. The wireless access points market also includes sales of hardware components, antennas, radio transceivers, Ethernet ports, and accessories. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wireless Access Points Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless access points market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless access points? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless access points market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.