Wi-Fi 6 Marke Size, Analysis, Trends, and Regional Forecast by 2032
The Global Wi-Fi 6 Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
The global Wi-Fi 6 market size was USD 11.59 Billion in 2022 and is expected to register a rapid revenue CAGR of 17.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand for high-bandwidth and low-latency internet connection and rapid adoption of IoT devices and industry 4.0 technologies are key factors driving market revenue growth.
Wi-Fi Alliance has announced the launch of a new standard of wireless network called Wi-Fi 6, which offers better performance when faced with the issue of growing number of devices and higher traffic density. This network also comes with support for uplink multi-user Multiple Input Multiple Output (MIMO). Wi-Fi 6 has new features with better power management for Internet of Things (IoT) based devices with new low power and sleep mode enhancements. In addition, rapid adoption of IoT devices and Industry 4.0 technologies globally is expected to rise demand for Wi-Fi 6, which is expected to drive revenue growth of the market.
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Key Highlights From the Report
- The hardware segment accounted for a significant revenue share in the global Wi-Fi 6 market in 2022. To enable Wi-Fi 6, a router must be compatible and majority of manufacturers have already begun producing routers that can handle Wi-Fi 6.
- The outdoor segment is expected to register a rapid revenue growth rate over the forecast period. Malls, stadiums, schools, and other high-density local venues are excellent places to use Wi-Fi 6, which is generally cheap to expand, run, and maintain, providing up to four times the capacity of 4G networks.
- The government segment is expected to register a rapid revenue growth rate in the global Wi-Fi 6 market over the forecast period. This is attributed to increase in government initiatives to make Wi-Fi publicly available in various public places and rising demand for faster network connectivity
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Emergen Research has segmented the global Wi-Fi 6 market on the basis of type, component, application, end-use, and region.
- Offering Outlook (Revenue, USD Billion; 2019-2032)
- Location Type Outlook (Revenue, USD Billion; 2019-2032)
- Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)
- Retail and E-commerce
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Wi-Fi 6 industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Wi-Fi 6?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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