The Global Market for Gigabit Wi-Fi Access Points is Forecast to Reach US$6.8 Billion by 2022

Ongoing Digital Transformation Brought About by IoT/M2M/Personal Computing & the Ensuing Need for Wireless Connectivity Drives the Prominence of Next Generation High Speed Gigabit Wi-Fi, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Gigabit Wi-Fi Access Points market. The global market for Gigabit Wi-Fi Access Points is forecast to reach US$6.8 billion by 2022, driven by ongoing digital transformation brought about by the expansion in global internet community, IoT/M2M/personal computing devices and the resulting need to optimize wireless networks for the explosion of mobile users, devices and apps.

Wi-Fi, a.k.a wireless fidelity, has over the last decade and a half become omnipresent and virtually indispensable in the digital connected world. Wi-Fi has become the norm, the de-facto standard technology, with homes, factories and enterprises depending upon Wi-Fi routers and access points (APs) for Internet connectivity. Trends such as smart homes, BYOD and mobility, consumer/enterprise/industrial Internet of Things (IoT), Machine-to-Machine (M2M) are spurring the rise of connected devices in both the consumer and the enterprise markets. As a result, connected devices ranging from smartphones, tablets, smart TVs, electronic wearables, set-top boxes, in-car navigation systems, consumer household appliances (rice-cookers, refrigerators, thermostats etc.), smart industrial machines and plant equipment, among others, are today ubiquitous.

The importance of versatile and reliable networks cannot be undermined in the modern world where mobile experiences are vital in virtually every walk of life. Diverse business goals from building customer loyalty, providing better services, enabling anywhere, anytime, and with any device services, providing next generation mobile experience to digitally savvy consumers, delivering connected services to achieving asset optimization in factories of the future, require a robust/optimized wireless network and connectivity. The scenario is poised to benefit the market for Gigabit Wi-Fi, defined as an extension of the 802.11a standard called 802.11ac, engineered to bring multi-gigabit speed and low-latency connectivity to networks and mobile devices. Launched in the year 2013, the technology holds immense potential to revolutionize broadband, media consumption patterns and user experiences as it holds the ability to deliver performance three times higher than the current 802.11a standard.

Few of the major factors influencing growth prospects include large WLAN deployments in enterprises to support enterprise mobile computing, BYOD and smart factories; disruptive rise of the popularity of 802.11ac Wave 2 technology; rise in streaming services and the ensuing urgency in the need for high-performance Wi-Fi technology solutions; mind-bending spurt in connected devices sales and mobile data consumption and the ensuing transformation of Wi-Fi into a utility that requires robust delivery capabilities; growth of Wi-Fi as the backbone connectivity network for IoT.

As stated by the new market research report on Gigabit Wi-Fi Access Points, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 43.9% over the analysis period led by factors such as strong development of the telecom sector and rapid expansion of broadband infrastructure; increasing adoption of Wi-Fi by cellular service providers to offload exploding mobile internet traffic; digitalizing lifestyles of the growing base of middle class population and the ensuing increased investments in smart homes where Wi-Fi is optimally timed to play a central role in wireless communication and smart living. Also poised to benefit growth in the region is the tendency of emerging markets to leapfrog legacy technologies like fixed broadband to the leading edge of mobile technologies and the resulting unconventional opportunities for monetizing Wi-Fi networks through the roll-out of new Wi-Fi services. 

Major players in the market include Aerohive Networks Inc., Aruba, Cisco Systems Inc., D-Link Corporation, EnGenius Technologies, Extreme Networks Inc., Fortinet Inc., Huawei Technologies Co. Ltd., NETGEAR Inc., Proxim Wireless, Ruckus Wireless Inc., Sophos Ltd., TP-LINK Technologies Co. Ltd., Ubiquiti Networks Inc. and Xirrus, among others.

The research report titled “Gigabit Wi-Fi Access Points: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The single segment report provides market estimates and projections for all major geographic markets such as the USA, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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