• A wireless access point is a computer networking device that connects a wireless device and a wired network using a wireless standard such as Wi-Fi or Bluetooth.
• As a standalone device, a wireless access point is often linked to a router through a cable
• An access point is a networking hardware device that delivers and receives data on a wireless network
• An access point links users to other users on the network and acts as the point of connection between the WLAN and a fixed wire network
• Within a given network region, each access point can serve numerous users
• When a person goes outside the range of one access point, they are unavoidably handed over to the next access point
• A single access point is needed for a tiny WLAN
• The number required grows in direct proportion to the number of network users and the structural size of the network.

Key factor driving market growth:

• The increase in the development of smart cities is driving the growth of the global wireless access point market.
• Governments of various countries are investing large amounts in the construction of smart cities.
• These cities require public Wi-Fi networks to provide services such as safety and security, access to education, waste and water management, traffic management, infrastructure management, and healthcare.
• As a result, there will be a high demand for wireless access points in smart cities.
• Hence, the development of smart cities is expected to fuel the growth of the market during the forecast period.

The report provides actionable insights and estimates the contribution of all regions to the growth of the global wireless access point e growth of the global market during the forecast period. This growth is attributed to factors such as the increase in the use of the Internet and smartphones. The demand for bring-your-own-device (BYOD) solutions is also increasing in the region. In addition, the rising demand for 5G network acceleration has enabled firms and telecom component providers to develop advanced telecom infrastructure and related components. These factors will fuel the growth of the wireless access point market in the region during the forecast period.

Leading trends influencing the market:

1.  The increase in the development of smart cities is driving the growth of the global wireless access point market.

• Governments of various countries are investing large amounts in the construction of smart cities.
• These cities require public Wi-Fi networks to provide services such as safety and security, access to education, waste and water management, traffic management, infrastructure management, and healthcare.
• As a result, there will be a high demand for wireless access points in smart cities.
• Hence, the development of smart cities is expected to fuel the growth of the market during the forecast period

2.  The increase in 5G investments is a key trend in the global wireless access point market.

• The rise in these investments in 5G is creating a demand for 5G network infrastructure.
• Telecom service providers and network equipment providers will have to offer routers that will enable carriers to provide 5G services.
• Thus, an increase in investments in 5G will increase the adoption of devices such as wireless routers, which, in turn, will support the growth of the market during the forecast period.

The increase in the development of smart cities is a key factor driving the growth of the global wireless access point market. Across the world, governments are investing billions of dollars in the construction of smart cities or linked cities. This necessitates the use of public Wi-Fi networks to provide customers with services such as safety and security, access to education, waste and water management, traffic management, infrastructure management, and healthcare. It also offers LBS to city planners in order to obtain insight into how its residents live and how a smart city operates in order to deliver better services to people living in smart cities. As a result, there will be a high demand for wireless access points to be deployed in smart cities.

The government of China is focusing more on urbanization and the development of smart cities in its five-year plan. The development of a smart city includes identifying an urban area and facilitating economic growth and improved quality of life with technologies such as Wi-Fi connectivity. The databases and network systems here are connected to cameras, sensors, and control systems, where technology would be used for allocating services, managing traffic, and inventory, and managing and transferring information. Hence, with the development of smart cities, the market is expected to witness growth during the forecast period

The increase in 5G investments is the primary trend in the global wireless access point market growth. 5G is the next generation of communication technology, following 4G, and on commercialization, 5G will support data download speeds of 10,000 Mbps. There have been numerous investments in 5G across the world. The increasing investments in 5G are creating demand for 5G network infrastructure.

This is expected to accelerate the growth of the market during the forecast period. Such product launches enable telecom service providers and network equipment providers to offer routers, enabling carriers to provide 5G services. Thus, an increase in investments in 5G will propel the adoption of devices, including wireless routers, which will result in the growth of the market during the forecast period.

Major challenges hindering market growth:

• Latency issues are challenging the growth of the global wireless access point market.
• In remote areas, the quality of networks is low. Hence, mobile network operators need to build solutions to offer connectivity to IoT devices.
• This can impact the consumer segment, as individual consumers do not have access to high-speed Internet everywhere.
• Moreover, in countries with low internet speeds, such as Yemen, Cuba, and Sudan, the adoption of wireless APs is slow.
• Hence, low internet speeds and latency issues are negatively impacting the adoption of routers and APs.
• These factors will impede the market growth during the forecast period.

The latency issues are a major challenge for the growth of the global wireless access point market. The Internet is the backbone of the IoT devices market. IoT devices require reliable, high-speed internet connectivity to function effectively. Although many countries have advanced internet infrastructure, but in suburban areas and highways, where the quality of the network is usually poor, mobile network operators need to build solutions to offer connectivity to IoT devices in these areas. This challenge has the highest impact on the consumer segment, as individual consumers cannot have access to high-speed Internet everywhere.

Low internet speeds and latency (time taken by the data packet to travel between devices in a network) are affecting the adoption of routers and APs among consumers. Singapore has the fastest average download rate at 256 Mbps, followed by Hong Kong at 254 Mbps and Romania at 232 Mbps. Hence, the adoption of wireless APs is expected to be high in these countries. However, in countries with lower internet speeds, such as Yemen, Cuba, and Sudan, the adoption of wireless APs is slow, which creates latency issues and is expected to hinder the growth of the market during the forecast period.

Key Wireless Access Point Market Customer Landscape:

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

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Methodology:

Technavio categorizes the global wireless access point market as a part of the global communications equipment market within the overall global information technology sector. The parent global communications equipment market covers manufacturers of enterprise networking products, including LANs, WANs, routers, telephones, switchboards, and exchanges. Technavio also includes communications infrastructure or telecom equipment market within the scope of the communications equipment market. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

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References:

https://www.prnewswire.com/news-releases/wireless-access-point-market-2023-2027-a-descriptive-analysis-of-five-forces-model-market-dynamics-and-segmentation—technavio-301742944.html

https://www.technavio.com/report/wireless-access-point-market-analysis?utm_source=prnewswire&utm_medium=pressrelease+&utm_campaign=newn1_rep1_wk06_2023_007&utm_content=IRTNTR74898