Research Reports
Wi-Fi 6 Devices Market to Cross Valuation of Us$ 590 Bn By 2030
Wi-Fi 6 Devices Market to Cross Valuation of Us$ 590 Bn By 2030
Published by TMR Research Insights
Posted on August 24, 2021
Global Banking and Finance Review
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Published by TMR Research Insights
Posted on August 24, 2021
Wi-Fi 6 Devices Market: Introduction
Transparency Market Research delivers key insights on the global Wi-Fi 6 devices market. In terms of revenue, the global Wi-Fi 6 devices market is estimated to expand at a CAGR of ~15% during the forecast period of 2020–2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global Wi-Fi 6 devices market.
Increased adoption of smart devices and demand for fast Internet services from various end users is driving the market. Internet speeds with this latest standard of Wi-Fi are projected to increase by 40% compared to its previous generation. The implementation of the Orthogonal Frequency Division Multiple Access, which has the ability to classify one wireless channel into several sub-channels and each of these sub-channels have the ability to carry data for different devices will boost the enterprise as well as residential demand for Wi-Fi 6 devices. The report analyzes the global Wi-Fi 6 devices market and provides estimates in terms of revenue (US$ Mn) from 2018 to 2030.
Wi-Fi 6 Devices Market: Market Dynamics
Rise in Internet Usage and Adoption of Smart Devices: Increased penetration of smartphones has exponentially boosted Internet usage within the residential segment across the globe. According to a report published by the GSM Association, the total number of mobile users accounted for almost 67% of the global population at the end of 2019. The GSM Association also stated that the number of mobile phone users in the world would increase from 5.2 billion to 5.8 billion from the end of 2019 to 2025, of which, 65% were smartphone users in 2019 and it is estimated that the share would reach 80% by the end of 2025. More than 450 million Wi-Fi hotspots were in deployment across the globe, and the installed base was more than 13 billion Wi-Fi devices by the end of 2020.
According to a report published by the Cisco System Inc., there would be 5.3 billion total Internet users (66% of global population) by 2023, up from 3.9 billion (51% of global population) in 2018. It is also projected that the new generation of Wi-Fi 6 would account for roughly 33% of all chipset shipments in 2023 (4 billion units in 2023).
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Increasing Investments in Public Wi-Fi: Rising usage of smart devices and other Internet-enabled systems across the globe is driving the demand for Wi-Fi hotspots. This is projected to boost the number of public Wi-Fi hotspots over the next few years. The manufacturing of smartphones at a large commercial level was started in year 2019, and it is estimated that smartphone manufacturers are presently considering integration of Wi-Fi 6 chipset in new smartphones development. In August 2019, Qualcomm announced the latest generation of its Wi-Fi 6 chipsets intended for routers, access points, and smartphones. It is estimated that to manage the requirements of high network density (majorly due to increasing number of smart devices), Wi-Fi 6 would have a critical role for mobile broadband end users and newer applications such as the Internet of Things and smart cities. Rise in infrastructure investment from companies such as Intel Corporation, Qualcomm, and Broadcom for Wi-Fi 6 chipsets and increase in development of Wi-Fi 6 enabled smart devices are driving the market.
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Wi-Fi 6 Devices Market: Prominent Regions
In terms of region, the global Wi-Fi 6 devices market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific held a significant share of the Wi-Fi 6 devices market in 2019, and this trend is expected to continue during the forecast period. Within Asia Pacific, China and India are anticipated to drive the growth of the market. This is due to the strong adoption levels of smart devices and Internet services in the region, and high focus on operational cost optimization. All the regions have the most competitive and rapidly changing markets in the world for improving the strategy of Wi-Fi 6 devices and their adoption in organizations.
The Wi-Fi 6 devices market in Asia Pacific is expected to grow at the highest rate, due to improving economic conditions and huge population, which support technological development and growth of IT industries. The Wi-Fi 6 devices market in Asia Pacific has entered a rapid expansion stage, as availability of diverse communication services has increased across all countries. The Wi-Fi 6 devices market in Asia Pacific is anticipated to expand significantly during the forecast period; however, any significant change in 5G commercialization is likely to hamper the market. China, South Korea, India, and Japan are the key contributing countries to the Wi-Fi 6 devices market in the region. Rise in communication standards and investment by countries such as Vietnam, China, India, and Indonesia are driving the market in the region.
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About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
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Wi-Fi 6 Devices Market: Introduction
Transparency Market Research delivers key insights on the global Wi-Fi 6 devices market. In terms of revenue, the global Wi-Fi 6 devices market is estimated to expand at a CAGR of ~15% during the forecast period of 2020–2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global Wi-Fi 6 devices market.
Increased adoption of smart devices and demand for fast Internet services from various end users is driving the market. Internet speeds with this latest standard of Wi-Fi are projected to increase by 40% compared to its previous generation. The implementation of the Orthogonal Frequency Division Multiple Access, which has the ability to classify one wireless channel into several sub-channels and each of these sub-channels have the ability to carry data for different devices will boost the enterprise as well as residential demand for Wi-Fi 6 devices. The report analyzes the global Wi-Fi 6 devices market and provides estimates in terms of revenue (US$ Mn) from 2018 to 2030.
Wi-Fi 6 Devices Market: Market Dynamics
Rise in Internet Usage and Adoption of Smart Devices: Increased penetration of smartphones has exponentially boosted Internet usage within the residential segment across the globe. According to a report published by the GSM Association, the total number of mobile users accounted for almost 67% of the global population at the end of 2019. The GSM Association also stated that the number of mobile phone users in the world would increase from 5.2 billion to 5.8 billion from the end of 2019 to 2025, of which, 65% were smartphone users in 2019 and it is estimated that the share would reach 80% by the end of 2025. More than 450 million Wi-Fi hotspots were in deployment across the globe, and the installed base was more than 13 billion Wi-Fi devices by the end of 2020.
According to a report published by the Cisco System Inc., there would be 5.3 billion total Internet users (66% of global population) by 2023, up from 3.9 billion (51% of global population) in 2018. It is also projected that the new generation of Wi-Fi 6 would account for roughly 33% of all chipset shipments in 2023 (4 billion units in 2023).
For More Industry Insight, Request Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72180
Increasing Investments in Public Wi-Fi: Rising usage of smart devices and other Internet-enabled systems across the globe is driving the demand for Wi-Fi hotspots. This is projected to boost the number of public Wi-Fi hotspots over the next few years. The manufacturing of smartphones at a large commercial level was started in year 2019, and it is estimated that smartphone manufacturers are presently considering integration of Wi-Fi 6 chipset in new smartphones development. In August 2019, Qualcomm announced the latest generation of its Wi-Fi 6 chipsets intended for routers, access points, and smartphones. It is estimated that to manage the requirements of high network density (majorly due to increasing number of smart devices), Wi-Fi 6 would have a critical role for mobile broadband end users and newer applications such as the Internet of Things and smart cities. Rise in infrastructure investment from companies such as Intel Corporation, Qualcomm, and Broadcom for Wi-Fi 6 chipsets and increase in development of Wi-Fi 6 enabled smart devices are driving the market.
Buy Our Premium Research Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=72180<ype=S
Wi-Fi 6 Devices Market: Prominent Regions
In terms of region, the global Wi-Fi 6 devices market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific held a significant share of the Wi-Fi 6 devices market in 2019, and this trend is expected to continue during the forecast period. Within Asia Pacific, China and India are anticipated to drive the growth of the market. This is due to the strong adoption levels of smart devices and Internet services in the region, and high focus on operational cost optimization. All the regions have the most competitive and rapidly changing markets in the world for improving the strategy of Wi-Fi 6 devices and their adoption in organizations.
The Wi-Fi 6 devices market in Asia Pacific is expected to grow at the highest rate, due to improving economic conditions and huge population, which support technological development and growth of IT industries. The Wi-Fi 6 devices market in Asia Pacific has entered a rapid expansion stage, as availability of diverse communication services has increased across all countries. The Wi-Fi 6 devices market in Asia Pacific is anticipated to expand significantly during the forecast period; however, any significant change in 5G commercialization is likely to hamper the market. China, South Korea, India, and Japan are the key contributing countries to the Wi-Fi 6 devices market in the region. Rise in communication standards and investment by countries such as Vietnam, China, India, and Indonesia are driving the market in the region.
More Trending Reports by Transparency Market Research –
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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