Wi-Fi Market Size, Industry Analysis Report By Component (Hardware, Solutions, Services), By Location Type (High-density WIFI, Enterprise class WIFI), By Organisation Size (Large enterprises, Small and medium-sized enterprises), By Industrial Vertical (Education, BFSI, Healthcare, Logistics and transportation, Retail Government) & Region – Forecasts

  • 21/10/2022
  • 236
  • Electronics & Communication
The Wi-Fi Market: Overview
The Wi-Fi Market is valued at around USD 11.1 Billion in 2022 and is expected to reach USD 74.1 Billion by 2030, registering a CAGR of 18.9% over the forecast period. The word ""wi-fi"" is a registered brand used to describe WLAN-based connectivity products that support internet communication for a variety of devices. The necessity for these connectivity items has been greatly influenced by the recent increase in the number of devices linked to the internet and the desire for external wi-fi communication. These days, working from home is extremely popular. Personal devices, such as smartphones, laptops, tablets, desktop computers, etc., are a result of the rapid change to widespread remote work. Additionally, employees have been seen connecting to the company network using their personal WiFi connections. The COVID-19 pandemic's unexpected disruption increased the need for WiFi to maintain vital operations and corporate operations.

The Wi-Fi Market - Growth Factors
The primary factor fuelling market expansion is the widespread adoption of Wi-Fi across the information technology (IT), telecom, education, retail, healthcare, life sciences, manufacturing, and small and medium-sized enterprises (SMEs) sectors, which is due to the growing demand for responsive, efficient, and high-quality wireless network connectivity. Businesses have been able to streamline several activities, assure quick and responsive development, and monitor the network thanks to the growing use of Wi-Fi throughout enterprises.
This is a significant growth-promoting element as well. In keeping with this, important technological developments like the advent of wirelessly enabled gadgets like smartphones, tablets, televisions, and laptops are assisting the market's expansion by lowering network wiring costs and providing increased mobility. Additionally, the sudden outbreak of the coronavirus disease (COVID-19) pandemic and the subsequent implementation of a national lockdown have prompted the use of the Internet of Things (IoT) and bring your own device (BYOD) corporate models, which in turn is facilitating the demand for Wi-Fi around the world. A good outlook for the market is being created by additional variables such beneficial steps done by the governments of numerous nations to promote digitalization, higher internet connectivity penetration, and rising use of electronic devices for completing jobs.

The Wi-Fi Market – Market Trends
• Applications that connect machines to machines are increasingly gravitating toward wireless communications. The increase is being fuelled by numerous investments in connectivity for industrial and retail. Congestion caused by this expansion increases demand for the 6 GHz spectrum allocation by causing congestion in the 2.4 and 5 GHz bands.
• Additionally, enterprise designs have been driven to optimise processing for business-critical analysis of data sets from IoT applications and communications by edge networks and computing. By 2021, 50% of all workloads may be executed outside of the enterprise data centre, according to Uptime Institute.
• The multi-access edge made possible by 5G and WiFi 6 further increases the need for low-latency, real-time communications, and high-definition video applications. The connected networks of control devices are anticipated to communicate with one another directly, without translation or IP-based standards, in order to provide services.

The Wi-Fi Market – Segmentation
The Wi-Fi Market fragrance concentrates market has been sub-classified into component, density, location type, organisation size, industry vertical.
On the basis of component, the Wi-Fi Market is bifurcated into:
• Hardware
• Solutions
• Services
• Others

On the basis of location type, the market is segmented into:
• High-density WIFI
• Enterprise class WIFI
• Others

On the basis of organisation size, the market segmented into:
• Large enterprises
• Small and medium-sized enterprises
• Others

On the basis of industrial vertical, the market segmented into:
• Education
• Healthcare
• Logistics and transportation
• Retail
• Government
• Others

The Wi-Fi Market –Regional Analysis
Asia-Pacific dominated the global Wi-Fi Market to be extremely profitable for the expansion of the Wi-Fi sector in the ensuing years. According to the findings of a recent study, the number of internet users in Southeast Asia as a percentage of all users worldwide is expected to rise by 3.1% yearly by 2022.
Additionally, as of 2019, about 54% of the region's population uses some kind of online service. According to some reports, 90.1% of Southeast Asians who use the internet are expected to use smartphones by 2026, up from 88% in 2022. In India, 87% of the population is anticipated to have access to the internet by 2025, according to a recent piece in The Economic Times.

The Wi-Fi Market – Key Market players
Global key players of Wi-Fi Market include AT&T Inc., Broadcom Inc., Cisco Systems Inc., Extreme Networks, Fortinet Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Juniper Networks Inc., Motorola Solutions Inc., Panasonic Corporation, Singapore Telecommunications Limited, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited and Ubiquiti Inc., and others.

Report scope
Global Wi-Fi Market: Historical Years- 2018-2021
Global Wi-Fi Market: Forecast Years- 2022-2030
Global Wi-Fi Market 2022- USD 11.1 billion
Global Wi-Fi Market 2030- USD 8.1 Billion
Global Wi-Fi Market CAGR- 18.9%

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process

We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Select a license type that suits your business needs

Single User Access

US $4750

Only Four Thousand Seven Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5750

Only Five Thousand Seven Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $7750

Only Seven Thousand Seven Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI