Richmond, Jan. 05, 2024 (GLOBE NEWSWIRE) -- According to a research report "Wi-Fi 6 Market”, By Offering (Hardware {Wireless Access Points, Mesh Routers, Home Gateways, Wireless Controllers, System on Chip, Other Hardware} Solutions, Services {Professional Services [Consulting, Deployment & Integration, Support & Maintenance],Managed Services}), Location Type (Indoor, Outdoor), Application (Immersive Technologies, HD Video Streaming and Video Streaming, Smart Home Devices, IoT and Industry 4.0, Telemedicine, Public Wi-Fi and Dense Environments, Others), Vertical (Retail and Ecommerce, Government and Public Sector, Manufacturing, Media and Entertainment, Healthcare and Life Sciences, Transportation and Logistics, Travel and Hospitality, Education, Residential, Others) and Region - Global Forecast to 2030.
Global Wi-Fi 6 Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 5.7 Billion |
| Market size value in 2030 | USD 26.58 Billion |
| CAGR (2023-2030) | 24.6% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Offering, Vertical, Location Type and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
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| Sample of Companies Covered |
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TOC Covers in Depth & Breath on Wi-Fi 6 Market
170 - Market Data Tables
65 - List of Figures
225 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
The Wi-Fi 6 market has experienced significant growth and adoption as businesses and consumers seek advanced wireless connectivity solutions. Wi-Fi 6, based on the IEEE 802.11ax standard, offers substantial improvements in speed, capacity, and overall performance compared to its predecessors. With support for higher data rates, increased device density, and improved efficiency in crowded environments, Wi-Fi 6 is becoming the preferred choice for enterprises, educational institutions, and smart home applications. The market is witnessing a surge in demand for Wi-Fi 6-enabled devices, including routers, access points, and smartphones, as organizations recognize the need for robust and future-proof wireless networks to accommodate the growing number of connected devices and bandwidth-intensive applications. The ongoing deployment of Wi-Fi 6 infrastructure and the continuous evolution of the technology are expected to drive sustained growth in the market, providing enhanced wireless experiences and addressing the connectivity demands of the digital era.
Major vendors in the global Wi-Fi 6 Market:
Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc, Intel Corporation, Huawei technologies, NETGEAR Inc, Juniper Networks Inc, Extreme Networks Inc., Ubiquiti Inc, Fortinet Inc, Aruba Networks, NXP Semiconductors (Netherlands), AT&T, D–Link Corporation, Alcatel Lucent Enterprise, TP–Link Corporation Limited, MediaTek Inc., Telstra, Murata Manufacturing Co., Ltd, Sterlite Technologies Limited, Renesas Electronics, H3C Technologies Co., Ltd., Keysight Technologies, LitePoint, Rohde & Schwar, Cambium Networks, Ltd., Senscomm Semiconductors Co., Ltd, XUNISON, Redway Networks Ltd. Company, VSORA SAS, WILUS Inc, Federated Wireless, Inc., Actiontec Electronics, ADB Global, SDMC Technology, and Edgewater Wireless and Others
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Increased data usage
The escalating demand for increased data usage stands out as a primary driver for the Wi-Fi 6 market. With the proliferation of bandwidth-intensive applications such as high-definition video streaming, online gaming, and virtual collaboration tools, consumers and businesses alike require robust and efficient wireless connectivity. Wi-Fi 6 addresses this demand by offering higher data rates, improved network efficiency, and increased capacity to handle simultaneous connections from numerous devices. As the volume of data-intensive activities continues to grow, from 4K video streaming to augmented reality experiences, the advanced capabilities of Wi-Fi 6 become essential in delivering a seamless and high-performance wireless network, making it a pivotal solution in meeting the escalating data requirements of modern digital lifestyles.
Market Dynamics
Drivers:
- Rising Demand for High-Speed and Reliable Connectivity
- Increasing number of connected devices
- High demand for public Wi-Fi hotspots
Opportunities:
- Increasing Emerging Technologies
- Optimizing Smart Buildings and IoT Integration
- Addressing Security Concerns and Building Trust
Increasing Hyper-Fast Speeds and Ultra-Low Latency
A prominent trend driving the Wi-Fi 6 market is the emphasis on increasing hyper-fast speeds and achieving ultra-low latency. As users demand quicker response times for real-time applications, such as online gaming, video conferencing, and augmented reality, Wi-Fi 6's capacity to deliver significantly faster data rates and reduce latency becomes crucial. This trend is particularly relevant in environments with a high density of connected devices, where Wi-Fi 6's advanced features, such as Orthogonal Frequency Division Multiple Access (OFDMA) and Target Wake Time (TWT), play a pivotal role in optimizing network performance. The push for hyper-fast speeds and ultra-low latency aligns with the evolving requirements of applications that rely on instantaneous data transfer, positioning Wi-Fi 6 as a key technology in meeting the demands for enhanced responsiveness and overall network efficiency.
North America dominates the market for Wi-Fi 6 Market.
North America's dominance in the Wi-Fi 6 market can be attributed to several factors. The region has been at the forefront of early technology adoption, with a robust ecosystem of businesses and consumers keen on staying ahead in terms of connectivity. Additionally, the prevalence of tech-savvy enterprises, coupled with a high concentration of innovative technology companies, has accelerated the deployment of Wi-Fi 6 infrastructure.
The increasing demand for high-speed and reliable wireless connectivity, particularly in sectors such as healthcare, education, and enterprise, has driven widespread adoption. The proactive approach of North American organizations in upgrading their networks to accommodate the growing number of connected devices and bandwidth-intensive applications has further solidified the region's dominance in the Wi-Fi 6 market. Lastly, supportive government initiatives and investments in digital infrastructure contribute to creating an environment conducive to the rapid growth and adoption of Wi-Fi 6 technologies in North America.
Education Segments is anticipated to hold the Largest Market Share during the Forecast Period
Based on the Vertical segment categorized into Retail and Ecommerce, Government and Public Sector, Manufacturing, Media and Entertainment, Healthcare and Life Sciences, Transportation and Logistics, Travel and Hospitality, Education, Residential and Others. Educational institutions are poised to witness a rapid influx of new wireless devices, outpacing other sectors. As students return to schools, colleges, and universities, these institutions must be ready to manage a substantial increase in devices, both new and legacy. Wi-Fi 6 emerges as a pivotal solution, enhancing both indoor and outdoor Wi-Fi performance and ensuring excellent wireless connectivity for educational settings. The growing demand for reliable and secure internet access, particularly with the rise of eLearning and online exams, underscores the significance of Wi-Fi 6. Its solutions and services empower students and staff to connect seamlessly from diverse devices and locations. Furthermore, Wi-Fi 6 addresses the escalating connectivity needs of expanding online education, learning activities, and overall institutional operations.
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