Global Wi-Fi 6 Market
Information Technology

What Are The 5 Takeaways From The Wi-Fi 6 Market Overview 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Wi-Fi 6 Global Market Report 2024 offers crucial insights into the wi-fi 6 market help businesses analyse and build stronger strategies.

 

The Wi-Fi 6 market has witnessed remarkable expansion in recent years, driven by various factors contributing to its accelerated adoption and proliferation. With its exponential growth trajectory, the market is poised to reach unprecedented heights in the coming years.


Exponential Growth Trajectory

  • The Wi-Fi 6 market size surged from $17.24 billion in 2023 to $23.56 billion in 2024, representing a compound annual growth rate (CAGR) of 36.7%.
  • Projected to escalate further, the market is anticipated to soar to $76.32 billion by 2028, with a CAGR of 34.2%.
  • Various factors have contributed to this growth, including the surge in connected devices, escalating demand for higher data transfer speeds, and the increasing use of bandwidth-intensive applications.


Driving Forces Behind Wi-Fi 6 Market Growth

  • Surge in connected devices
  • Increased demand for higher data transfer speeds
  • Growing use of bandwidth-intensive applications
  • Wi-Fi network congestion and interference issues
  • Evolving internet usage patterns and multimedia streaming


Emerging Trends and Market Projections

  • Proliferation of IoT devices and smart home applications
  • Accelerated adoption of Wi-Fi 6 in enterprise environments
  • Expansion of 5G networks and integration with Wi-Fi 6
  • Rising demand for low-latency and high-performance connectivity
  • Enhanced security features in Wi-Fi 6 standards


Technological Advancements

  • Implementation of orthogonal frequency division multiple access (OFDMA)
  • Increased use of multi-user, multiple input, multiple output (MU-MIMO) technology
  • Growing deployment of Wi-Fi 6 in public spaces and venues
  • Integration of Wi-Fi 6 in Wi-Fi mesh networks
  • Development of Wi-Fi 6e for extended spectrum usage in the 6 GHz band


Rising Deployment of Public Wi-Fi Fuels Demand for Wi-Fi 6 Technology

  • Increasing deployment of public Wi-Fi propels market growth
  • Wi-Fi 6 regarded as the standard for future due to higher speed potential
  • Major companies in the Wi-Fi 6 market include Cisco Systems Inc., Intel Corporation, Huawei Technologies Co. Ltd., and others.

 

Read The Full Wi-Fi 6 Market Report Here:
https://www.thebusinessresearchcompany.com/report/wifi-6-global-market-report

 

Wi-Fi 6 Market’s Evolution Through Technological Advancements

  • Focus on developing new technological solutions
  • Integration of traffic prioritization, OFDMA, and beamforming
  • Utilization of advanced encryption techniques for enhanced security
  • Expansion to the 6 GHz frequency band for better connectivity


Renesas Electronics Strengthens Wi-Fi 6 Chip Expertise

  • Acquisition of Celeno Communications Ltd. for approximately US$315 million
  • Broadening Renesas’ global engineering and software development expertise
  • Enhancement of services to clients worldwide


Segmentation of the Wi-Fi 6 Market

  1. By Offering: Hardware, Solution, Services
  2. By Devices: Mesh Routers, Wireless Access Points, Home Gateways, Wireless Repeaters
  3. By Commercial Use: Enterprises, Consumers
  4. By End Users: Education, Retail and E-Commerce, Healthcare, Government, Hospitality, Transportation and Logistics, Manufacturing, Consumer Electronics, Augmented Reality and Virtual Reality (AR/VR), Smart Cities


North America: A Leading Player in the Wi-Fi 6 Market

  • North America emerged as the largest region in the Wi-Fi 6 market in 2023
  • Expected to be the fastest-growing region in the forecast period

 

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The Wi-Fi 6 Global Market Report 2024  provides a comprehensive outlook of the wi-fi 6 market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wi-fi 6 market forecast offers a thorough analysis on wi-fi 6 market size, wi-fi 6 market share, prominent players and their strategies.

 

The Table Of Content For The Wi-Fi 6 Market Include:

1. Wi-Fi 6 Market Executive Summary
2. Wi-Fi 6 Market Segments
3. Wi-Fi 6 Market Size And Wi-Fi 6 Market Growth Rate
4. Key Wi-Fi 6 Market Trends
5. Major Wi-Fi 6 Market Drivers
……
25. Key Mergers And Acquisitions In The Wi-Fi 6 Market
26. Top Wi-Fi 6 Companies
27. Wi-Fi 6 Market Opportunities And Strategies
28. Wi-Fi 6 Market, Conclusions And Recommendations
29. Appendix

 

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