“Gigabit Wi-Fi Market: Global Demand Analysis & Opportunity Outlook 2021”
The global gigabit Wi-Fi market has been segmented into end user such as IT/ITeS, education, healthcare, BFSI, defense, manufacturing, oil & gas, transportation & logistics and others. Among these segments, IT/ITes segment is expected to occupy the top position in gigabit Wi-Fi market during the forecast period. Increase in number of corporate offices coupled with subsequent demand for high speed internet access and data sharing is anticipated to increase the deployment of gigabit Wi-Fi in corporate spaces. On the other hand, educational segment is anticipated to witness noteworthy growth during the forecast period owing to rising popularity of online education & e-learning among youths.
Global gigabit Wi-Fi market is expected to flourish at a CAGR of 84.1% over the forecast period. Moreover, the global gigabit Wi-Fi market is anticipated to garner USD 10,540 Million by the end of 2021. Rising demand for high speed Wi-Fi connectivity is anticipated to propel the adoption of gigabit Wi-Fi during the forecast period.
North America accounted for the highest percentage of market share in overall gigabit Wi-Fi market in 2016. Further, North America is projected to continue its dominance over the forecast period on the account of high tech-savvy consumer in the region. Further, robust and optimized wireless network and connectivity in the region is anticipated to fuel the growth of gigabit Wi-Fi market. U.S. is the leading market of gigabit Wi-Fi across the world. Asia Pacific is likely to witness robust growth during the forecast period. Factors such as expansion of IT/ITeS and other corporate companies in the region are the major factor behind the expansion of gigabit Wi-Fi market in Asia Pacific region.
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Rapid Growth in Service Sectors
Rising expansion of service sectors across the globe such as IT/ITeS, BFSI and telecommunication is propelling the growth of gigabit Wi-Fi market. Further, factor such as high focus on network infrastructure, improvisation in IT offices and increasing IT expenditure is anticipated to positively impact the growth of the global gigabit Wi-Fi market.
Growth in Tech-Savvy Population
Growing tech savvy population across the world coupled with rising disposable income is likely to provide significant growth to the global gigabit Wi-Fi market. Furthermore, development of advanced 802.11ac standard gigabit Wi-Fi and government initiatives to provide high-speed Wi-Fi access in public places is also anticipated to garner the growth of the gigabit Wi-Fi market.
Although, high cost of gigabit Wi-Fi is likely to inhibit the growth of the global gigabit Wi-Fi market in the near future.
The report titled “Gigabit Wi-Fi Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global gigabit Wi-Fi market in terms of market segmentation by end users, by type, by application and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global gigabit Wi-Fi market which includes company profiling of Agilent Technologies, Intel Corporation, Broadcom, Cisco Systems Inc., Dell Technologies Inc., Marvell Technology, NEC Corp., Microsoft Corp., Panasonic Corporation and Nvidia Corp. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global gigabit Wi-Fi market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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