Sep 5, 2018
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Los Angeles, USA - September 5, 2018 /MarketersMedia/ —
This report focuses on the global Wi-Fi status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Wi-Fi development in United States, Europe and China.
Wi-Fi or WiFi is technology for radio wireless local area networking of devices based on the IEEE 802.11 standards.
The Wi-Fi industry was 5.12 Billion USD in 2017 and is projected to reach 15.6 Billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 21.2% between 2017 and 2023. The market is driven by various end-user industries, such as Education, Healthcare, Retail, Transportation.
The education vertical is expected to hold the largest market size, whereas the sports and leisure vertical is projected to grow at the highest CAGR during the forecast period. Learning technology has assisted schools and universities in offering seamless and efficient eLearning solutions to their educators and students. These technologies demand continuous and efficient connectivity solutions, such as Wi-Fi. The sports and leisure vertical is expected to grow at a highest CAGR during the forecast period, due to the rising significance of Wi-Fi solutions and services in the high-density environments, such as stadiums, public parks, and museums.
North America is expected to hold the largest market size and is projected to dominate the market during the forecast period. With an increase in the implementation of BYOD and IoT among various verticals, such as education, retail, hospitality, and sports and leisure, the Wi-Fi market is set to grow at a significant rate in the developed economies, such as the US and Canada. Due to this, companies are willing to invest in the North American region. Leading vendors of Wi-Fi solution and services have a major presence in the North American region. Hence, the competition is intense among the major market players.
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The key players covered in this study
Cisco (US)
Aruba (US)
Ruckus Wireless (US)
Juniper Networks (US)
Ericsson (Sweden)
Panasonic (Japan)
Huawei (China)
Alcatel-Lucent Enterprise (France)
Netgear (US)
Aerohive Networks (US)
Riverbed Technology (US)
Market segment by Type, the product can be split into
High-Density Wi-Fi
Enterprise-Class Wi-Fi
Market segment by Application, split into
Education
Healthcare
Retail
Transportation
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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Source URL: https://marketersmedia.com/wi-fi-market-is-growing-at-a-cagr-of-21-2-between-2018-and-2025/403134
For more information, please visit https://www.qyresearch.com
Source: MarketersMedia
Release ID: 403134
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