Global Wi-Fi 6 market forecast to grow from $11.5B in 2022 to $26.2B by 2027; CAGR=17.9%

According to a new research report Wi-Fi 6 Market Global Forecast to 2027,” published by MarketsandMarkets™, the global Wi-Fi 6 market size is expected to grow from $11.5 billion in 2022 to $26.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 17.9% during the forecast period.

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Editor’s Note:

Wi-Fi 6 is an acronym for the IEEE 802.11ax standard.  Prior to the release of Wi-Fi 6, Wi-Fi standards were identified by version numbers ranging from 802.11b to 802.11ac.

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The managed  services Wi-Fi 6 market segment is expected to grow at a higher CAGR than enterprise or consumer Wi-Fi 6 during the forecast period.  Managed Service Providers (MSPs) offer are third–party IT service providers that remotely manage the IT infrastructure and systems of clients for backup and recovery of business–critical data. These service providers carry out 24/7 remote monitoring of Wi–Fi 6 networks for their commercial clients. Enterprises opt for managed services to overcome the challenges of budget constraints and technical expertise as managed service providers have skilled human resources, infrastructure, and industry certifications. They offer services to monitor and manage hardware devices and manage the availability and the performance of networks. They also ensure smooth operations and security of networks. The growth of the Wi–Fi 6 market is being driven by the increasing reliance by businesses on the use of IT to improve business productivity, coupled with a continuing rise in demand for specialized MSPs and cloud–based managed Wi–Fi 6 services.

Asia Pacific (APAC) region to record the highest growing region in the Wi-Fi 6 Market.  Important countries include AustraliaJapanSingaporeIndiaChina, and New Zealand. The region is expected to witness the fast-paced adoption of Wi-Fi 6 software. The Asia Pacific region is estimated to be the fastest-growing Wi-Fi 6 Market owing to the rise in the adoption of new technologies, high investments for digital transformation, the rapid expansion of domestic enterprises, extensive development of infrastructures, and increasing GDP of various countries. Rapidly growing economies, such as ChinaJapanSingapore, and India, are implementing Wi-Fi 6 solutions across multiple business processes to provide effective solutions.

Key and innovative vendors in the Wi-Fi 6 market are:

Cisco Systems (US), Intel Corporation (US), Huawei Technologies (China), NETGEAR (US), Juniper Networks (US), Broadcom (US), Qualcomm Inc. (US), Extreme Networks (US), Ubiquiti Networks (US), Fortinet Inc. (US), Aruba Networks (US), NXP Semiconductors (Netherlands), AT&T (US), Cambium Networks (US), D-Link Corporation (China), Alcatel-Lucent (US), TP-Link (China), MediaTek (China), Telstra (Australia), Murata (Japan), Sterlite Technologies Limited (India), Celeno (Israel), H3C (China), Senscomm Semiconductor (China), XUNISON (Ireland), Redway Networks (UK), VSORA (France), NEWRACOM (US), WILUS Group (South Korea), Federated Wireless (US).

References:

https://www.marketsandmarket

https://www.prnewswire.com/news-releases/wi-fi-6-market-worth-26-2-billion-by-2027–exclusive-report-by-marketsandmarkets-301523591.html

 

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