Wi-Fi 6 Devices Market The Forecast Period 2020-2030

Posted by Dinesh on April 21st, 2021

Demand for Wi-Fi 6 Infrastructure Grows as COVID-19 Pandemic Affects Outdoor Activities

The global Wi-Fi 6 devices market has witnessed an increase in upload traffic due to the enhanced use of home and office Wi-Fi networks. The present infrastructure is proving to be inefficient and incapable with the rise in easy accessibility due to the growing need for smart devices and surging need for fast Internet service by businesses for real-time monitoring and managing systems. Product innovations such as Wi-Fi 6 are most likely to provide the required solution for multiple connectivity in less time.

Most users are possibly using outmoded Wi-Fi equipment with available Wi-Fi standards including 802.11n, mostly due to lack of awareness of new products, technology, and available sales channels. Wi-Fi 6, an easy solution to help alleviate the issues of putting several Wi-Fi devices on a single network, allows routers to interact with numerous devices at once, and send data to varied devices in the same broadcast frequency with scheduling the Wi-Fi check-ins with the router. This is expected to drive the Wi-Fi 6 devices market during the forecast period.

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Individuals Looking for Smart Home Applications Opt for Wi-Fi 6 Devices

Improvements in Internet generations such as the 5G and 6G concepts are projected to contribute to the growth of the Wi-Fi 6 devices market. One of the important factors, owing to the growing demand, is the increase in smart home devices and the rising need to connect multiple devices using a single network. Moreover, the Wi-Fi 6 devices manufacturers claim to increase the Internet speed by 40% from the previously available devices, which can be a driving factor for the sales of the Wi-Fi 6 devices market in the upcoming period.

The new Wi-Fi 6 technology offers various improvements in the connectivity of Wi-Fi 6 enabled devices, while it is also designed to be compatible with older versions. Currently, its demand is limited to high-density environments. Due to its advantages for battery life of devices and improved data transfer rates, the demand in the households and small offices is expected to vastly increase during the forecast period at a CAGR of ~15%, a relatively significant rate for the Wi-Fi 6 devices market.

Get More Press Release by TMR: https://www.prnewswire.com/news-releases/integration-of-rfid-technology-widening-application-expanse-to-boost-transportation-management-system-market-immensely-explains-projected-growth-at-whopping-14-3-cagr-for-2020—2030—tmr-301263201.html

Increasing Dependency on IoT Applications Demands Wi-Fi 6 Generation for Faster Outcomes

Electronics and communication technologies have been rapidly increasing for a decade and can be estimated to further expand the Wi-Fi 6 devices market. Companies such as the CISCO are already adding innovative features to attract consumers and businesses with their specific router and device requirements. As per CISCO, by 2023, Wi-Fi hotspots will surpass 600 million sites in 2023, which is almost 4x from 2018. It can prove beneficial for the Wi-Fi 6 devices market, as users demand better Internet speed at homes and public places such as airports, stadiums, malls, and other busy locations.

Wi-Fi 5 Devices May Result in Slow Growth of Global Market

The Wi-Fi 6 technology included in smartphones, computing devices, routers, and other smart products are currently expensive and not available for mid-range products. Devices with Wi-Fi 6 are being produced for a particular niche and will require few years to take over the Wi-Fi 5 segment. Moreover, users will need a Gigabit-class broadband connection to completely utilize the Wi-Fi 6 technology.

Wi-Fi 6 Devices Market: Overview
  • According to Transparency Market Research’s latest research report on the global Wi-Fi 6 devices market for the historical period 2018–2019 and the forecast period 2020–2030, the Wi-Fi 6 devices market is anticipated to cross the value of US$ 590 Bn by 2030, expanding at a CAGR of ~15% during the forecast period. Increasing adoption of smart devices and rising need for fast Internet service by enterprises for real time monitoring and controlling are driving the Wi-Fi 6 devices market.

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Dinesh

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Dinesh
Joined: March 15th, 2021
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