Global Wi-Fi 6 Market Report to 2031 - Featuring Apple, Aruba Networks, AT&T and Cisco Systems Among Others
DUBLIN, Jan. 19, 2023 /PRNewswire/ -- The "Wi-Fi 6 Market By Component, By Enterprise Size, By Location, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to this report the wi-fi 6 market size was valued at $10.9 billion in 2021, and is estimated to reach $64.1 billion by 2031, growing at a CAGR of 19.6% from 2022 to 2031.
Wi-Fi 6, also known as 802.11ax is the newest version of Wi-Fi. It is expected to connect to the internet, in the same basic way, but using a number of new technologies for quick and more effective connection. It is intended to promote efficiency, decrease congestion, and boost speed in instances where a lot of bandwidth is being used. In the same transmission window, a Wi-Fi 6 router can broadcast various signals. This prevents each device from having to wait for a turn as the router distributes data throughout the network, allowing the router to communicate with several devices with a single transfer.
However, high initial set-up cost of Wi-Fi 6s restricted the market growth. On the other hand, with many SMEs entering the market and providing advance solutions for Wi-Fi 6 is expected to create greater opportunities during the forecast period. One of the key factors driving the global Wi-Fi 6 market is the adoption of digital transformation initiatives among companies. When businesses use Wi-Fi 6, it reduces the cost of installing a connection that requires a physical connection. Small businesses can compete with large businesses because flexibility is provided by mobilizing people and corporate processes to compete without sacrificing employee efficiency or productivity.
Moreover, factors such as increase in the number of smartphones and increase in Wi-Fi enabled devices is also boosting the market growth. However, security issues along with range of Wi-Fi 6, which is less than that of the 5 Ghz network hampers the market growth.
By location type, the market is fragmented into outdoor and indoor. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. Depending on industry vertical, it is segregated into IT & telecom, healthcare, retail & e-commerce, IT & telecom, travel & hospitality, manufacturing, government, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are Apple Inc., Aruba Networks, Asustek Computer Inc., AT&T, Broadcom, Cisco Systems, Fortinet Inc., Hewlett-Packard Company, Huawei Technologies, Intel Corporation, Juniper Networks, Linksys Holdings, Inc., Microsoft Corporation, NXP Semiconductors, Qualcomm Inc., Samsung Electronics Co. Ltd, and Sterlite Technologies Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 9: COMPANY LANDSCAPE
For more information about this report visit https://www.researchandmarkets.com/r/nexu7w
SOURCE Research and Markets
Optimizing the Network and Cloud to Support Digital Transformation
The Metaverse: It is Real and it is Not Just for Games
Continental Breakfast - For Diamond, Platinum, Super Pass, Exhibitor/Conference, Speaker, Press Pass Holders