Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Gigabit Wi-Fi Access Points - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Gigabit Wi-Fi Access Points is estimated at US$3.4 Billion in 2023 and is projected to reach US$18.1 Billion by 2030, growing at a CAGR of 26.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Despite its robust growth, the gigabit Wi-Fi access market faces challenges including inadequate infrastructure in some regions, cybersecurity risks, high installation costs, and a lack of supportive government initiatives. North America, particularly the United States, dominates this market due to strong demand for high-speed internet and the presence of major technological innovators.
The market is also driven by the increasing need for high-speed internet for activities like video streaming and online gaming, the proliferation of IoT devices requiring efficient multi-device connectivity, the rise in remote work and learning necessitating stable internet for video conferencing, advancements in Wi-Fi technology like Wi-Fi 6 and Wi-Fi 7 enhancing networking capabilities, and the growth in cloud computing requiring robust Wi-Fi for reliable cloud access
Additionally, the expansion of smart cities and the increasing digitalization of infrastructure demand high-speed Wi-Fi networks, and consumer expectations for seamless connectivity further push the adoption of gigabit Wi-Fi, underscoring its critical role in modern telecommunications and its impact on business and consumer digital interactions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Wireless Access Points segment, which is expected to reach US$14.4 Billion by 2030 with a CAGR of a 28.7%. The Wireless LAN Controllers segment is also set to grow at 21.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $918.1 Million in 2023, and China, forecasted to grow at an impressive 37.0% CAGR to reach $5.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Airbus Defence and Space, Cobham plc, DAMM Cellular Systems A/S, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 279 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.4 Billion |
| Forecasted Market Value (USD) by 2030 | $18.1 Billion |
| Compound Annual Growth Rate | 26.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Gigabit Wi-Fi Access Points - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Advances in Wi-Fi Technology Propel Growth of Gigabit Wi-Fi Access Points Market
- Rising Demand for High-Speed Internet Access Strengthens Business Case for Gigabit Wi-Fi
- Growing Awareness of the Benefits of High-Speed Wi-Fi Drives Adoption Across Various Sectors
- Increasing Adoption of IoT Devices Expands Addressable Market Opportunity for Gigabit Wi-Fi Access Points
- Growth in Smart Home and Smart Office Applications Generates Demand for Gigabit Wi-Fi Solutions
- Innovations in Mesh Networking Technology Spurs Market Growth for Gigabit Wi-Fi Access Points
- Expansion of Enterprise Wi-Fi Networks Sustains Growth in Gigabit Wi-Fi Access Points Market
- Integration of AI and Machine Learning in Wi-Fi Networks Enhances Performance and Management
- Rising Investment in 5G Infrastructure Generates Opportunities for Innovation in Gigabit Wi-Fi Technology
- Technological Developments in Dual-Band and Tri-Band Wi-Fi Propel Market Expansion for Gigabit Wi-Fi Access Points
- Emphasis on Reducing Latency and Increasing Throughput Drives Adoption of High-Efficiency Wi-Fi Solutions
- Growth in Video Streaming and Online Gaming Increase Use of Gigabit Wi-Fi Access Points
- Adoption of Gigabit Wi-Fi in Educational Institutions Expands Addressable Market Opportunity
- Rising Urbanization and Digital Transformation Propel Growth of Gigabit Wi-Fi Access Points Market
- Increasing Use of Gigabit Wi-Fi in Healthcare Accelerates Demand for Reliable and High-Speed Wireless Solutions
- Government Initiatives and Funding for Broadband Expansion Strengthens Business Case for Gigabit Wi-Fi
FOCUS ON SELECT PLAYERS(Total 53 Featured)
- Airbus Defence and Space
- Cobham plc
- DAMM Cellular Systems A/S
- ETELM
- Hytera Communications Corporation Ltd.
- Motorola Solutions Inc.
- Sepura PLC
For more information about this report visit https://www.researchandmarkets.com/r/pt52ik
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