According to a new report, published by KBV research, The Global Wi-Fi 6 Market size is expected to reach $29.4 billion by 2030, rising at a market growth of 26.9% CAGR during the forecast period.
The Indoor segment is leading the Global Wi-Fi 6 Market by Location in 2022, thereby achieving a market value of $18.5 billion by 2030. Wi-Fi has several benefits for installations indoors, and to maximize its effectiveness and reliability, it benefits to be adequately planned, secured, and maintained. Wi-Fi allows users to connect their devices anywhere within the coverage area without needing physical cables or wiring. This improves the mobility and adaptability of indoor environments.
The Services segment is showcasing a CAGR of 28% during (2023 - 2030). Wi-Fi network providers offer a variety of services on a subscription basis. Wi-Fi 6 enables service providers and businesses to support new and emergent applications on the same Wireless Local Area Network (LAN) infrastructure while providing consumer’s high-quality service.
The HD Video Streaming & Video Streaming segment generated maximum revenue in the Global Wi-Fi 6 Market by Application in 2022: thereby achieving a market value of $10.3 billion by 2030. Wi-Fi 6 transmits video content to Internet users via video streaming. Devices can communicate with one another wirelessly without a physical connection due to this technology. Wi-Fi is a wireless technology that transmits data using radio waves.
The Government & Public Sector segment is experiencing a CAGR of 25.6% during (2023 - 2030). Wi-Fi 6 can be used extensively on campuses, stadiums, shopping centers, and transportation hubs in urban locations. It is inexpensive and can scale up to four times as quickly as 4G networks. Wi-Fi 6 is anticipated to bring the most significant changes to the 802.11 specifications that people know, along with many intriguing new features.
The North America region dominated the Global Wi-Fi 6 Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10.5 billion by 2030. The Europe region is poised to grow at a CAGR of 26.5% during (2023 - 2030). Additionally, The Asia Pacific region is exhibiting a CAGR of 27.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/wi-fi-6-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of NXP Semiconductors N.V., Cisco Systems, Inc., Broadcom, Inc., Intel Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Netgear, Inc., Juniper Networks, Inc., Extreme Networks, Inc., Fortinet, Inc., and Ubiquiti Inc.
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