Wifi Market Synopsis

Wifi Market Size Was Valued at USD 31.8 Billion in 2023, and is Projected to Reach USD 88.9 Billion by 2032, Growing at a CAGR of 12.1% From 2024-2032.

Wi-fi is a technological measure that enables handhelds such as the smart-phones, laptops and other electronics instruments to connect over the internet to share information through wireless means using radio frequencies. Such, it operates on the 2. Citizens band or CB RF, either at 4 GHz and 5 GHz, offers high data rate of data transfer between the associated devices within the coverage area. Those are formed from Wireless Access Points, like routers that relay data between different Wi-Fi connected devices and the Internet; this lets users have feasibly usable Internet connections without necessarily requiring miles of physical cables. It is commonly seen in homes, offices, commercial buildings, and practically any place you can think of as well as in different industries that requires connection between devices and Internet as well as Local networks.

• The growing use of bring your own device (BYOD) policies at workplaces, where employees are allowed to use their own devices such as smart phones, laptops etc for work related affairs, is further aggravating the growth of the market. Also, there is a calendar year growing the tendencies to share information and materials on social networks, which increase a tendency of Wi-Fi usage in public places and areas.
• Furthermore, the current market has smart and contemporary homes with digital and electronic gadgets, helping boost the market. In addition to this, trends such as the increasing focus on online gaming and e-sports that entails predictable and accelerated internet connection through Wi-Fi so as to enhance seamless gameplay are the factors boosting this market. In addition, the evolving number of hotels, restaurants, cafes, etc. , that offer Wi-Fi to boost guest satisfaction, add convenience to customers’, and use digital services in their buildings is contributing to the market’s growth.
• IoT technology is a key driver of WI-Fi use as most industries are implementing the use of IoT devices at a very fast rate. IoT devices contain sensors, and are interconnected to the internet so that they can transfer information and execute operations. Internet of things in smart homes, industrial automation, health care, Agriculture, and many other areas depend on the Wi-Fi connection. For optimum performance of these devices, they need well integrated Wireless networks that are also secure. Whenever business and people incorporate more Internet of Things devices in their operations or lives respectively, stronger Wi-Fi networks is all the more necessary.

Wifi Market Trend Analysis

Increase use of connected devices

• Increasing penetration of smart and expanding range of connectivity like smart phones, tablets, laptops, home appliances, wearable, IoT devises and so on are driving need of Wi-Fi connectivity. All these devices depend on the wireless network for connectivity to the internet and smooth interaction between them. While the usages of these devices increases around the world, people and companies require durable and fast internet connectivity to solve their demand. The flexibility that comes with using Wireless fidelity empowers a user to gain access to a desired information, complete transactions and communicate while on the move, and therefore is crucial in the current world.

Rise in the development of smart cities

• The growth of smart cities as well as the overall increasing urbanization throughout the global region is acting as a strong driver on the need for Wi-Fi connections. Many applications in smart city include Wi-Fi infrastructure as the basis for the integration of different intertwined functionalities including transportation, safety, and communal. Mobile users and Establishments on the move require Internet connectivity from places such as internet cafes, terminals found in business and social joinery, stations, and eateries. Wireless technologies such as location based services, and indoor navigation provide the users with better experiences as well improved operations in urban settings. Following cities’ transition to a smarter environment, the need for wireless Internet should increase while enhancing people’s quality of living.

Wifi Market Segment Analysis:

Wifi Market Segmented based on Component, Density, Location Type, Organization Size and Industry Vertical.

By Component, Hardware segment is expected to dominate the market during the forecast period

• Wi-Fi hardware entails the physical devices that make up the communicational equipment for wireless technology. Wi-Fi devices are typically wireless routers, wireless access points, built-in or install NICs in laptop, Smartphone etc and wireless extenders. Routers and access points generate Wi-Fi networks; devices equipped with Wi-Fi NICs can associate with these networks without physical cables. This is because Wi-Fi hardware is configured to transmit and receive data using radio waves and as a result, allow the exchange of data between devices such as computers and smartphones, and access internet without the use of cables.
• Wi-Fi solutions refer to the all-encompassing software and settings that are required to govern and fine-tune the Wi-Fi networks. This consists of firmware and software in routers and access points often used to configure network and security parameters. Another common component of Wi-Fi solutions is managing and regulating software through which administrators can monitor the performance of the network and maintain its stability. Wireless networks can be of the home use, enterprise use and other public uses as hotspots.

By Location Type, Indoor segment held the largest share in 2023

• Wi-Fi for indoors is systematic wireless setup and implementations used to give internet connection and local area network inside buildings or confined areas. He also deemed it to be present in households, offices, schools, shopping centers, hospitals, airports, and other similar indoors. They are typically mounted at ceilings or walls for good signal dissemination that can be linked to a wire or a router which is the Internet connection. Inter-connected Indoor Wi-Fi networks are more crucial in delivering continuity of internet connectivity to Wi-Fi enabled devices such as laptops, smart phones, tablet computers, smart devices and the IoT devices within the building.
• Outdoor Wi-Fi enables the connection of the internet or wireless data networks that are established to deliver WAN connectivity and coverage in the exteriors. It is primarily used in parks, stadiums, city central business districts, cafes that are located outside, and other places that are covered outside. Outdoor APS are expected to be resistant to conditions such as weather and climate differences in that they are located in open areas.

Wifi Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region has a significantly high usage of the internet and an even higher reliance on smartphones, making it among the main drivers of Wi-Fi adoption. Further, the increase in the emergence of smart cities, increasing access to Wi-Fi for supporting the healthcare and education sector is boosting the market in the region. Besides, the increasing expenditure on transportation, public safety, utility & education related works tends to bolster the market in the particular region.

Active Key Players in the Wifi Market

• AT&T Inc.
• Broadcom Inc.
• Cisco Systems Inc.
• Extreme Networks
• Fortinet Inc.
• Fujitsu Limited
• Hewlett Packard Enterprise Company
• Huawei Technologies Co. Ltd.
• Juniper Networks Inc.
• Motorola Solutions Inc.
• Panasonic Corporation
• Singapore Telecommunications Limited
• Telefonaktiebolaget LM Ericsson
• Telstra Corporation Limited
• Ubiquiti Inc
• Other Key Players

Key Industry Developments in the Wifi Market:

• In February 2022, Juniper Networks Inc. gained WiteSand, a pioneer of the integrated and cloud-native zero-trust Network Access Control (NAC). This acquisition has a highly experienced and skilled engineering team and superior technology which truly boosts their continuous process of delivering next-generation Advanced NAC solution as one of the important parts of the company’s AI-driven enterprise lineup.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Wifi Market by Component
 4.1 Wifi Market Snapshot and Growth Engine
 4.2 Wifi Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Geographic Segmentation Analysis
 4.4 Solutions
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Solutions: Geographic Segmentation Analysis
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services: Geographic Segmentation Analysis

Chapter 5: Wifi Market by Density
 5.1 Wifi Market Snapshot and Growth Engine
 5.2 Wifi Market Overview
 5.3 High-Density Wi-Fi
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 High-Density Wi-Fi: Geographic Segmentation Analysis
 5.4 Enterprise-Class Wi-Fi
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Enterprise-Class Wi-Fi: Geographic Segmentation Analysis

Chapter 6: Wifi Market by Location Type
 6.1 Wifi Market Snapshot and Growth Engine
 6.2 Wifi Market Overview
 6.3 Indoor
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Indoor: Geographic Segmentation Analysis
 6.4 Outdoor
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Outdoor: Geographic Segmentation Analysis

Chapter 7: Wifi Market by Organization Size
 7.1 Wifi Market Snapshot and Growth Engine
 7.2 Wifi Market Overview
 7.3 Large Enterprises
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Large Enterprises: Geographic Segmentation Analysis
 7.4 Small and Medium-sized Enterprises
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Small and Medium-sized Enterprises: Geographic Segmentation Analysis

Chapter 8: Wifi Market by Industry Vertical
 8.1 Wifi Market Snapshot and Growth Engine
 8.2 Wifi Market Overview
 8.3 IT and Telecommunication
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 IT and Telecommunication: Geographic Segmentation Analysis
 8.4 Education
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Education: Geographic Segmentation Analysis
 8.5 BFSI
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 BFSI: Geographic Segmentation Analysis
 8.6 Healthcare
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Healthcare: Geographic Segmentation Analysis
 8.7 Logistics and Transportation
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Logistics and Transportation: Geographic Segmentation Analysis
 8.8 Retail
  8.8.1 Introduction and Market Overview
  8.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.8.3 Key Market Trends, Growth Factors and Opportunities
  8.8.4 Retail: Geographic Segmentation Analysis
 8.9 Government
  8.9.1 Introduction and Market Overview
  8.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.9.3 Key Market Trends, Growth Factors and Opportunities
  8.9.4 Government: Geographic Segmentation Analysis
 8.10 Others
  8.10.1 Introduction and Market Overview
  8.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.10.3 Key Market Trends, Growth Factors and Opportunities
  8.10.4 Others: Geographic Segmentation Analysis

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Benchmarking
  9.1.2 Wifi Market Share by Manufacturer (2023)
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Mergers and Acquisitions
  
 9.2 AT&T INC
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Role of the Company in the Market
  9.2.5 Sustainability and Social Responsibility
  9.2.6 Operating Business Segments
  9.2.7 Product Portfolio
  9.2.8 Business Performance
  9.2.9 Key Strategic Moves and Recent Developments
  9.2.10 SWOT Analysis
 9.3 BROADCOM INC
 9.4 CISCO SYSTEMS INC
 9.5 EXTREME NETWORKS
 9.6 FORTINET INC
 9.7 FUJITSU LIMITED
 9.8 HEWLETT PACKARD ENTERPRISE COMPANY
 9.9 HUAWEI TECHNOLOGIES CO. LTD
 9.10 JUNIPER NETWORKS INC
 9.11 MOTOROLA SOLUTIONS INC
 9.12 PANASONIC CORPORATION
 9.13 SINGAPORE TELECOMMUNICATIONS LIMITED
 9.14 TELEFONAKTIEBOLAGET LM ERICSSON
 9.15 TELSTRA CORPORATION LIMITED
 9.16 UBIQUITI INC
 9.17 OTHER MAJOR PLAYERS

Chapter 10: Global Wifi Market By Region
 10.1 Overview
 10.2. North America Wifi Market
  10.2.1 Key Market Trends, Growth Factors and Opportunities
  10.2.2 Top Key Companies
  10.2.3 Historic and Forecasted Market Size by Segments
  10.2.4 Historic and Forecasted Market Size By Component
   10.2.4.1 Hardware
   10.2.4.2 Solutions
   10.2.4.3 Services
  10.2.5 Historic and Forecasted Market Size By Density
   10.2.5.1 High-Density Wi-Fi
   10.2.5.2 Enterprise-Class Wi-Fi
  10.2.6 Historic and Forecasted Market Size By Location Type
   10.2.6.1 Indoor
   10.2.6.2 Outdoor
  10.2.7 Historic and Forecasted Market Size By Organization Size
   10.2.7.1 Large Enterprises
   10.2.7.2 Small and Medium-sized Enterprises
  10.2.8 Historic and Forecasted Market Size By Industry Vertical
   10.2.8.1 IT and Telecommunication
   10.2.8.2 Education
   10.2.8.3 BFSI
   10.2.8.4 Healthcare
   10.2.8.5 Logistics and Transportation
   10.2.8.6 Retail
   10.2.8.7 Government
   10.2.8.8 Others
  10.2.9 Historic and Forecast Market Size by Country
   10.2.9.1 US
   10.2.9.2 Canada
   10.2.9.3 Mexico
 10.3. Eastern Europe Wifi Market
  10.3.1 Key Market Trends, Growth Factors and Opportunities
  10.3.2 Top Key Companies
  10.3.3 Historic and Forecasted Market Size by Segments
  10.3.4 Historic and Forecasted Market Size By Component
   10.3.4.1 Hardware
   10.3.4.2 Solutions
   10.3.4.3 Services
  10.3.5 Historic and Forecasted Market Size By Density
   10.3.5.1 High-Density Wi-Fi
   10.3.5.2 Enterprise-Class Wi-Fi
  10.3.6 Historic and Forecasted Market Size By Location Type
   10.3.6.1 Indoor
   10.3.6.2 Outdoor
  10.3.7 Historic and Forecasted Market Size By Organization Size
   10.3.7.1 Large Enterprises
   10.3.7.2 Small and Medium-sized Enterprises
  10.3.8 Historic and Forecasted Market Size By Industry Vertical
   10.3.8.1 IT and Telecommunication
   10.3.8.2 Education
   10.3.8.3 BFSI
   10.3.8.4 Healthcare
   10.3.8.5 Logistics and Transportation
   10.3.8.6 Retail
   10.3.8.7 Government
   10.3.8.8 Others
  10.3.9 Historic and Forecast Market Size by Country
   10.3.9.1 Bulgaria
   10.3.9.2 The Czech Republic
   10.3.9.3 Hungary
   10.3.9.4 Poland
   10.3.9.5 Romania
   10.3.9.6 Rest of Eastern Europe
 10.4. Western Europe Wifi Market
  10.4.1 Key Market Trends, Growth Factors and Opportunities
  10.4.2 Top Key Companies
  10.4.3 Historic and Forecasted Market Size by Segments
  10.4.4 Historic and Forecasted Market Size By Component
   10.4.4.1 Hardware
   10.4.4.2 Solutions
   10.4.4.3 Services
  10.4.5 Historic and Forecasted Market Size By Density
   10.4.5.1 High-Density Wi-Fi
   10.4.5.2 Enterprise-Class Wi-Fi
  10.4.6 Historic and Forecasted Market Size By Location Type
   10.4.6.1 Indoor
   10.4.6.2 Outdoor
  10.4.7 Historic and Forecasted Market Size By Organization Size
   10.4.7.1 Large Enterprises
   10.4.7.2 Small and Medium-sized Enterprises
  10.4.8 Historic and Forecasted Market Size By Industry Vertical
   10.4.8.1 IT and Telecommunication
   10.4.8.2 Education
   10.4.8.3 BFSI
   10.4.8.4 Healthcare
   10.4.8.5 Logistics and Transportation
   10.4.8.6 Retail
   10.4.8.7 Government
   10.4.8.8 Others
  10.4.9 Historic and Forecast Market Size by Country
   10.4.9.1 Germany
   10.4.9.2 UK
   10.4.9.3 France
   10.4.9.4 Netherlands
   10.4.9.5 Italy
   10.4.9.6 Russia
   10.4.9.7 Spain
   10.4.9.8 Rest of Western Europe
 10.5. Asia Pacific Wifi Market
  10.5.1 Key Market Trends, Growth Factors and Opportunities
  10.5.2 Top Key Companies
  10.5.3 Historic and Forecasted Market Size by Segments
  10.5.4 Historic and Forecasted Market Size By Component
   10.5.4.1 Hardware
   10.5.4.2 Solutions
   10.5.4.3 Services
  10.5.5 Historic and Forecasted Market Size By Density
   10.5.5.1 High-Density Wi-Fi
   10.5.5.2 Enterprise-Class Wi-Fi
  10.5.6 Historic and Forecasted Market Size By Location Type
   10.5.6.1 Indoor
   10.5.6.2 Outdoor
  10.5.7 Historic and Forecasted Market Size By Organization Size
   10.5.7.1 Large Enterprises
   10.5.7.2 Small and Medium-sized Enterprises
  10.5.8 Historic and Forecasted Market Size By Industry Vertical
   10.5.8.1 IT and Telecommunication
   10.5.8.2 Education
   10.5.8.3 BFSI
   10.5.8.4 Healthcare
   10.5.8.5 Logistics and Transportation
   10.5.8.6 Retail
   10.5.8.7 Government
   10.5.8.8 Others
  10.5.9 Historic and Forecast Market Size by Country
   10.5.9.1 China
   10.5.9.2 India
   10.5.9.3 Japan
   10.5.9.4 South Korea
   10.5.9.5 Malaysia
   10.5.9.6 Thailand
   10.5.9.7 Vietnam
   10.5.9.8 The Philippines
   10.5.9.9 Australia
   10.5.9.10 New Zealand
   10.5.9.11 Rest of APAC
 10.6. Middle East & Africa Wifi Market
  10.6.1 Key Market Trends, Growth Factors and Opportunities
  10.6.2 Top Key Companies
  10.6.3 Historic and Forecasted Market Size by Segments
  10.6.4 Historic and Forecasted Market Size By Component
   10.6.4.1 Hardware
   10.6.4.2 Solutions
   10.6.4.3 Services
  10.6.5 Historic and Forecasted Market Size By Density
   10.6.5.1 High-Density Wi-Fi
   10.6.5.2 Enterprise-Class Wi-Fi
  10.6.6 Historic and Forecasted Market Size By Location Type
   10.6.6.1 Indoor
   10.6.6.2 Outdoor
  10.6.7 Historic and Forecasted Market Size By Organization Size
   10.6.7.1 Large Enterprises
   10.6.7.2 Small and Medium-sized Enterprises
  10.6.8 Historic and Forecasted Market Size By Industry Vertical
   10.6.8.1 IT and Telecommunication
   10.6.8.2 Education
   10.6.8.3 BFSI
   10.6.8.4 Healthcare
   10.6.8.5 Logistics and Transportation
   10.6.8.6 Retail
   10.6.8.7 Government
   10.6.8.8 Others
  10.6.9 Historic and Forecast Market Size by Country
   10.6.9.1 Turkey
   10.6.9.2 Bahrain
   10.6.9.3 Kuwait
   10.6.9.4 Saudi Arabia
   10.6.9.5 Qatar
   10.6.9.6 UAE
   10.6.9.7 Israel
   10.6.9.8 South Africa
 10.7. South America Wifi Market
  10.7.1 Key Market Trends, Growth Factors and Opportunities
  10.7.2 Top Key Companies
  10.7.3 Historic and Forecasted Market Size by Segments
  10.7.4 Historic and Forecasted Market Size By Component
   10.7.4.1 Hardware
   10.7.4.2 Solutions
   10.7.4.3 Services
  10.7.5 Historic and Forecasted Market Size By Density
   10.7.5.1 High-Density Wi-Fi
   10.7.5.2 Enterprise-Class Wi-Fi
  10.7.6 Historic and Forecasted Market Size By Location Type
   10.7.6.1 Indoor
   10.7.6.2 Outdoor
  10.7.7 Historic and Forecasted Market Size By Organization Size
   10.7.7.1 Large Enterprises
   10.7.7.2 Small and Medium-sized Enterprises
  10.7.8 Historic and Forecasted Market Size By Industry Vertical
   10.7.8.1 IT and Telecommunication
   10.7.8.2 Education
   10.7.8.3 BFSI
   10.7.8.4 Healthcare
   10.7.8.5 Logistics and Transportation
   10.7.8.6 Retail
   10.7.8.7 Government
   10.7.8.8 Others
  10.7.9 Historic and Forecast Market Size by Country
   10.7.9.1 Brazil
   10.7.9.2 Argentina
   10.7.9.3 Rest of SA

Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies

Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research