The Wi-Fi 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 digital transformation initiatives in businesses are driving the growth of the Wi-Fi market.
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). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches to expand their presence in the Wi-Fi market.
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Cisco is a key manufacturer of Internet Protocol (IP)-based networking products. The company provides solutions in the areas of routing and switching, as well as advanced technologies, which include home networking, IP telephony, optical networking, security, storage area networking, and wireless technologies. During several years, the company has witnessed growth from being a provider of individual products and services to a provider of architectural solutions based on networking infrastructure. The offerings cater to large enterprises, commercial businesses, service providers, and consumers. Cisco’s products and technologies are grouped into the following categories: collaboration, switching, service provider video, Next-Generation Network (NGN) routing, data center, security, wireless, and other products. Cisco Meraki offers cloud managed wireless solutions and services as its products in the global Wi-Fi market. The products offer faster deployment, simplified administration, and richer end-to-end visibility. It provides solutions for various industries, including automotive, consumer packaged goods, energy, materials and mining, hospitality, education, retail, transportation, manufacturing, healthcare, and government.
Ericsson offers communication and network equipment, software, and services for network and business operations. The company operates through four business segments including networks, digital services, managed services, emerging businesses, and others. The networks segment provides products and solutions for mobile and fixed communication; the digital services segment includes software, services, and hardware for Business Support Systems (BSS), Operational Support Systems (OSS), cloud communication, cloud core, and cloud infrastructure; the managed services segment provides networks, IT managed services, network designs, optimization, and application development and maintenance to operators; the emerging business segment includes IoT and the media business. Ericsson caters to various segments, including utilities, transport, public safety, commercial and industrial real estate, and mobile operators.
Wi-Fi Market 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
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