Demand for high-speed wireless connectivity owing to benefits of instant network traffic routing offered by Wi-Fi 6 is a key factor driving market revenue growth
The global Wi-Fi 6 devices market size is expected to reach USD 27.42 Billion in 2028, and register a CAGR of 25.1% during the forecast period. Market revenue growth is primarily driven by rising demand for high-speed wireless connectivity owing to benefits of instant network traffic routing offered by Wi-Fi 6. These devices are effective for even remote devices in crowded networks. Wi-Fi 6 provides reliable connectivity solutions, to a very large network traffic volume, thereby allowing for higher number of smartphones, laptops, cameras, displays, smart speakers, and other Internet of Things (IoT) and personal devices to be seamlessly connected and communicate with each other.
For the past decade, electronic and communication technologies have been quickly advancing, and the Wi-Fi 6 devices market is expected to continue to grow. Consumers and enterprises with unique router and device requirements are already attracting innovative features from companies like Cisco. According to Cisco, by 2023, the number of Wi-Fi hotspots will have surpassed 600 million, a nearly fourfold increase from 2018. Users desire faster Internet speeds at home and in public venues like airports, stadiums, malls, and other congested areas, a factor that could boost the Wi-Fi 6 device market.
The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Wi-Fi 6 Devices market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report: Fortinet Ruckus Networks, ADTRAN Inc., TP-Link Technologies Co. Ltd., Mojo Networks Inc., Ubiquiti Inc., Huawei Technologies Co. Ltd., Dell Technologies, and Hewlett Packard Enterprise Development LP.
The all-inclusive report on the Global Wi-Fi 6 Devices Market demonstrates that the global Wi-Fi 6 Devices market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Wi-Fi 6 Devices market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
For the purpose of this report, Emergen Research has segmented the global Wi-Fi 6 devices market on the basis of component, usage type, application, and region:
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key point summary of the report:
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