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Wi-Fi 6 Market Trends

Report ID: GMI5397
Published Date: Nov 2022
Report Format: PDF

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Wi-Fi 6 Market Trends

Despite there being a broad scope for Wi-Fi 6 adoption across a growingly connected world, increasing internet security threats may hamper the market growth. Of late, numerous security and privacy challenges have come to the forefront due to the rising number of connected systems. Every endpoint, sensor, gateway, and smartphone has become vulnerable to cyberattacks, which may negatively impact the Wi-Fi 6 industry landscape. Proper privacy and security are required for Wi-Fi solutions and the associated services to be leveraged, which may pose challenges to the industry.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market for Wi-Fi 6 registered a valuation of over USD 20 billion in 2022 and is set to witness over 10% CAGR through 2032.

The Europe market is anticipated to depict more than 6% CAGR through 2023-2032, fueled by the rising presence of connected devices, which is fostering a pressing need for scalable public Wi-Fi infrastructure in the region. The rapid shift towards digital-first lifestyles following the COVID-19 pandemic is also slated to drive regional growth.

The commercial application segment is poised to register over 10% CAGR by 2032, driven by the rising demand for Wi-Fi internet connectivity across educational institutions, offices, and public places. The rising e-learning trend across schools and universities is also slated to foster industry expansion.

Some of the leading companies include Kaonmedia Co., Ltd, NETGEAR, Ubiquiti Inc., Broadcom, Infineon Technologies, Intel Corporation, MediaTek Inc, Linksys Holdings, Inc., Juniper Networks, Inc., TP-Link Corporation Limited.