With the emergence and long-term Impact of COVID-19, the Global Wi-Fi 7 Market is to reach USD 24751.02 million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Wi-Fi 7 Market is poised to raise up to USD 24751.02 million by 2030. IEEE 802.11 be, stands as the upcoming amendment within the IEEE 802.11 standard, set to be labeled Wi-Fi 7. This next iteration builds upon the foundation established by 802.11ax, with a specific emphasis on enhancing wireless local area network (WLAN) performance for both indoor and outdoor operations. It targets scenarios involving stationary speed and operates across the 2.4, 5, and 6 GHz frequency bands.
The Wi-Fi 7 market is expanding because of factors such as rising adoption of IoT devices and increasing number of internet users. As a result, the demand of Wi-Fi 7 has progressively increased in the international market during the forecast period 2023-2030. IoT applications, such as real-time monitoring and control systems, demand low-latency communication and Wi-Fi 7 is likely to reduce latency rate, enhancing the performance of IoT devices that require quick response times. According to the Statista, the rising number of Number of Internet of Things (IoT) connected devices globally, in 2020 there are 9.76 billion and projected to reach up to 29.42 billion by the year 2030.
Another important factor drives the Wi-Fi 7 market is increasing number of internet users. The proliferation of internet users is often accompanied by a diverse range of connected devices, including smartphones, tablets, laptops, smart TVs, and IoT devices. Wi-Fi 7 is designed to handle a larger number of devices simultaneously and efficiently, supporting the diverse connectivity needs of an expanding user base. In addition, as per Statista, in 2020 global number of internet users accounts 4585 million and reached up to 5300 million in 2022.
Moreover, rising emergence of OpenRoaming and Passpoint technology in wireless connectivity and rising integration of cloud into gaming platforms is anticipated to create a lucrative growth opportunity for Wi-Fi 7 market over the forecast period. However, high cost associated to Wi-Fi 7 network infrastructure and risk associated to data security and privacy concerns is going to impede overall market growth throughout the forecast period of 2023-2030.
Global Wi-Fi 7 Market is studied under 5 major regions, namely, Asia Pacific, Latin America, North America, Europe and Middle East & Africa. North America is poised to dominate the Global Wi-Fi 7 Market, driven by a mature and tech-savvy consumer base, robust IT infrastructure, and a high demand for cutting-edge connectivity solutions. The region’s early adoption of advanced technologies, coupled with a strong emphasis on digital transformation in industries such as healthcare, education, and manufacturing, positions North America as a key player in the Wi-Fi 7 landscape.
The proliferation of smart devices, coupled with the increasing need for high-speed connectivity in urban and rural areas alike, further solidifies North America’s central role in shaping the trajectory of Wi-Fi 7 adoption. Whereas, Asia Pacific emerges as the fastest-growing region in the global Wi-Fi 7 market, fueled by a burgeoning population, rapid urbanization, and a dynamic technological landscape. As the manufacturing hub of the world, Asia Pacific nations, particularly China, Japan, and South Korea, are at the forefront of adopting advanced wireless technologies to fuel industrial automation and innovation.
The region’s emphasis on smart city initiatives, coupled with a vast and diverse consumer market, propels the demand for high-speed and reliable connectivity. Government initiatives, robust investments in 5G, and a tech-savvy population position Asia Pacific as a key driver for the global Wi-Fi 7 market’s rapid growth, presenting lucrative opportunities for stakeholders across the ecosystem.
The global Wi-Fi 7 Market is highly competitive owing to the presence of several key manufacturers such as Broadcom Inc., Qualcomm Technologies, Inc., Intel Corporation, ASUSTeK Computer Inc., Huawei Technologies Co., Ltd., Zyxel Communications Inc., Nokia Corporation, ZTE Corporation, and others.
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Key findings of the study suggest:
- Global Wi-Fi 7 Market is anticipated to grow with a healthy growth rate of more than 57.81% over the forecast period 2023-2030.
- In the vertical segment, media & entertainment emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to robust IT infrastructure.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Offering:
- Solutions
- Services
By Location Type:
- Indoor
- Outdoor
By Application:
- Immersive Technologies
- HD Video Streaming & Video Streaming
- Smart Home Devices
- IoT & Industry 4.0
- Telemedicine
- Public Wi-Fi and Dense Environments
- Other Applications
By Vertical:
- Retail
- Manufacturing
- Media & Entertainment
- Healthcare & Life Sciences
- Transportation & Logistics
- Travel & Hospitality
- Education
- Residential
- Other Verticals
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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