NEWARK, September 13, 2023 (GLOBE NEWSWIRE) — Global Wi-Fi 6 market to grow from $11.61 billion in 2021, at a CAGR of 18.01% during the forecast period 2022-2032. It is expected to grow to USD 60.82 billion by 2030. The global Wi-Fi 6 market is focused on expanding upload traffic due to the advantages of Wi-Fi networks in homes and offices. Existing infrastructure is inadequate and with the growing demand for smart devices for greater accessibility and the rapidly increasing need for high-speed Internet services for real-time monitoring and system management by businesses, , there is not enough capacity. Therefore, product innovations such as Wi-Fi 6 are likely to quickly deliver the solutions needed for multiple connections.
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Brainy Insights analyzes Wi-Fi 6 by location type (outdoor, indoor), service offering (solutions, services, hardware), vertical (government, consumer electronics, education, manufacturing, healthcare), region, and region. We have started a study entitled Market Size. Global industry analysis, share, growth, trends and forecasts from 2022 to 2030
Report scope and segmentation
| report attributes | detail |
| Market size value in 2022 | 11.61 billion dollars |
| Revenue forecast for 2032 | $60.82 billion |
| growth rate | 18.01% |
| base year | 2022 |
| historic year | 2019-2021 |
| Forecast year | 2023-2032 |
| Target segment | Location type, offering, industry |
| Target area | Asia Pacific, Europe, South America, North America, Middle East and Africa. |
| Number of target companies | TP-Link Technologies Co., Ltd., Samsung Electronics, Qualcomm Inc., NETGEAR Inc., Microsoft Corporation, Marvell Semiconductor Inc., KAONMEDIA Co., Ltd., Intel Corporation, Huawei Technologies Co. Ltd., HP Enterprise, Fujitsu Ltd., D-Link Corporation, Dell Inc., Cypress Semiconductor Corp., Cisco Systems, Inc., Broadcom Corp., Apple Inc. |
| Report scope | Market Growth Drivers, Constraints, Opportunities, Regional Segmentation Analysis, Location Type Segment Analysis, Offered Segment Analysis, Vertical Segment Analysis |
Key findings of the Wi-Fi 6 market
Outdoor segment dominated the market, capturing approximately 67.10% share in 2022.
The location type segment is divided into outdoor and indoor. Outdoor segment dominated the market, capturing approximately 67.10% share in 2022.
The service sector dominated the market, gaining a share of approximately 37.11% in 2022.
The offering segment is divided into solutions, services, and hardware. The services sector dominated the market with a share of approximately 37.11% in 2022. 5G services provide a direct method of data transfer. Support for 5G may indirectly impact the technology needed to connect Wi-Fi 6 and smart devices.
The household appliances sector dominated the market, capturing a share of approximately 29.11% in 2022.
The vertical segments are divided into government, consumer electronics education, manufacturing, and healthcare. The household appliances segment dominated the market, holding a share of approximately 29.11% in 2022. The growing popularity of smart devices such as Siri, Google Home, and Alexa has given them immense popularity in the consumer electronics market, leading to the growth of smart devices. Control by Wi-Fi operation.
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Regional segmentation analysis:
The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to become the largest market during the forecast period. Asia-Pacific is the fastest growing Wi-Fi region due to increased adoption of digital transformation, emerging technologies, rapid development of domestic enterprises, massive infrastructure expansion, and large investments in increasing countries’ GDP. -Fi 6 market. Rapidly developing countries such as Japan, Singapore, China, and India plan to deploy Wi-Fi 6 solutions in the coming years.
Competitive analysis:
Key players in the market include TP-Link Technologies Co., Ltd., Samsung Electronics, Qualcomm Inc., NETGEAR Inc., Microsoft Corporation, Marvell Semiconductor Inc., KAONMEDIA Co., Ltd., Intel Corporation, and Huawei Technologies Co. , Ltd. Ltd., HP Enterprise, Fujitsu Limited, D-Link Corporation, Dell Inc., Cypress Semiconductor Corp., Cisco Systems, Inc., Broadcom Corp., Apple Inc., etc.
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About the report:
The global breakfast cereals market is analyzed on the basis of value (US$ Billion). All segments are analyzed on global, regional and country basis. The study includes analysis of more than 30 countries in each part. The report offers an in-depth analysis of drivers, opportunities, restraints, and challenges to gain key market insights. This research includes Porter’s Five Forces Model, attractiveness analysis, raw materials analysis, supply and demand analysis, competitive position grid analysis, distribution, and marketing channel analysis.
About Brainy Insights:
The Brainy Insights is a market research company that aims to provide actionable insights to improve business acumen for companies through data analysis. We have robust predictive and estimation models to help our clients achieve their goals of achieving high-quality results in a short period of time. We offer both customized (client-specific) and syndicated reports. The repository of syndicated reports is diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet our clients’ requirements, whether they are looking to expand in global markets or planning to launch a new product.
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