According to a research report "Wi-Fi Industry by Component (Hardware, Solutions, and Services), Density (High-density Wi-Fi and Enterprise-class Wi-Fi), Location Type (Indoor and Outdoor), Organization Size, Vertical (Education, Retail and eCommerce) & Region - Global Forecast to 2027" published by MarketsandMarkets, the global Wi-Fi system market size is projected to grow from USD 12.3 billion in 2022 to USD 31.3 billion by 2027, at a compound annual growth rate (CAGR) of 20.4% during the forecast period. The increasing adoption of BYOD and CYOD trends among organizations is driving the growth of the Wi-Fi market.

The hardware segment is estimated to lead the Wi-Fi market in 2022.

The Wi-Fi hardware segment comprises access points, WLAN controllers, wireless hotspot gateways, and other hardware. The other hardware includes routers, switches, antennas, relays, and repeaters. The integration of Wi-Fi with other devices has led to improved connectivity. Several verticals, such as healthcare & life sciences and BFSI, are highly dependent on wireless connectivity, and any loss of connection may hamper their daily business operations.

The high-density Wi-Fi segment is projected to grow at the fastest rate during the forecast period.

High-density wireless environments are locations that require the support of hundreds or even thousands of wireless clients in a given area. High-density Wi-Fi is a design strategy for large deployments to provide pervasive connectivity to clients when a high number of clients are expected to connect to Access Points within a small space. A location can be high-density if more than 30 clients connect to an AP.

Indoor location type is set to emerge as the largest market for Wi-Fi during the forecast period.

Indoor Positioning System (IPS) refers to the technology that helps locate people and objects indoors. That location information is then fed into some type of application software to make the information useful. For instance, IPS technologies enable several location-based indoor tracking solutions, including Real-Time Location Systems (RTLS), wayfinding, inventory management, and first responder location systems.

SMEs are pegged to account for a higher CAGR during the forecast period.

Ease of deployment and availability of a number of vendors of Wi-Fi services are some of the factors leading to the adoption of Wi-Fi in SMEs. The demand for Wi-Fi is high in SMEs to ensure the security of their networks and the quality of their services.

Education is likely to emerge as the largest market for Wi-Fi during the forecast period.

The education vertical is expected to hold a significant market share in the Wi-Fi market, due to the various benefits provided by MSPs. These benefits include improved performance, reduced IT infrastructure costs, and better connectivity. Wi-Fi solution providers offer consistent connectivity through one reliable network via multiple APs to various educational institutes. Additionally, these solutions and associated services are instrumental in delivering managed and filtered internet access in the education vertical.

Wi-Fi Market Regional Analysis:

The economy of Europe is the second largest in the world in nominal terms, subsequent to the US. It is third in terms of Purchasing Power Parity (PPP), subsequent to China and the US. In Europe, the IoT industry, which knowingly transfers control of information used to individuals, is expected to be heavily influenced by GDPR.

In an agreement with BT, Avanti West Coast will invest £45 million to modernise the mobile and Wi-Fi infrastructure, enhancing connectivity for passengers using the West Coast Main Line. By extending 4G network coverage on the West Coast line by June 2023 through its mobile affiliate EE, BT will increase network capacity to approximately 200 cell masts, enabling quicker, more dependable onboard train Wi-Fi.

The TG6442 gateway, introduced by Vodafone Germany in January 2022, has a switched diplexer for adaptable deployment and supports high split to fulfil the demand for higher upstream capacity for applications like video conferencing. Vodafone Germany can better serve its sizable customer base by enhancing in-home consumer applications thanks to the TG6442 gateways' RDK-B software.For millions of users, Vodafone Germany will use its Touchstone TG6442 DOCSIS 3.1 cable gateways to enable Wi-Fi 6 performance.

Following the publishing in 2021 of a government decision defining the technical requirements for positioning Wi-Fi equipment in the new 6 GHz frequency band (5,945 to 6,425 MHz), the French telecom industry can now benefit from the Wi-Fi 6E standard. This comes after the draught paper that the national telecom authority Arcep produced earlier this year. The action permits France to ratify EU Decision 2021/1067, which allowed Wi-Fi applications to use 500 MHz of the 6 GHz range without a licence.

Market Players

The major vendors covered in the Wi-Fi market include Cisco (US), Juniper Networks (US), NETGEAR (US), Aruba (US), Huawei (China), Panasonic (Japan), Alcatel-Lucent Enterprise (France), Ericsson (Sweden), Extreme Networks (US), Fortinet (US), D-Link Systems (Taiwan), LEVER Technology Group (UK), Redway Networks (UK), Casa Systems (US), Broadcom (US), Ubiquiti Networks (US), Airtel (India), Orange Business Services (France), AT&T (US), Comcast Business (US), Vodafone (UK), iPass (US), Superloop (Australia), Telstra (Australia), Fujitsu (Japan), Cambium Networks (US), and Fon (Spain).

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