MarketsandMarkets forecasts the global Wi-Fi 6 market size is expected to grow USD 11.5 billion in 2022 to USD 26.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 17.9% during the forecast period. The Wi-Fi 6 market is gaining traction due to increasing number of internet users.
By Offering, the service segment to have a higher growth during the forecast period
The Wi-Fi 6 solutions include professional and managed services. Wi–Fi 6 services enable organizations to offload the burden of managing their network infrastructures and focus on their core businesses, thereby increasing their productivity. Providers of Wi–Fi network infrastructures of enterprises by providing them different types of services through a subscription–based pricing model. Wi–Fi 6 allows enterprises and service providers to support new and emerging applications on the same Wireless LAN (WLAN) infrastructure while delivering a higher grade of service to applications. This scenario sets the stage for new business models and increased Wi–Fi 6 adoption.
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Managed services segment is expected to grow at a higher CAGR during the forecast period
Managed Service Providers (MSPs) offer complementary services for the marketing cloud–based Wi–Fi 6. They are third–party IT service providers that remotely manage the IT infrastructure and systems of clients for backup and recovery of business–critical data. These service providers carry out 24/7 remote monitoring of Wi–Fi 6 networks for their commercial clients. Enterprises opt for managed services to overcome the challenges of budget constraints and technical expertise as managed service providers have skilled human resources, infrastructure, and industry certifications. They offer services to monitor and manage hardware devices and manage the availability and the performance of networks. They also ensure smooth operations and security of networks. The growth of the Wi–Fi 6 market is being driven by the increasing reliance by businesses on the use of IT to improve business productivity, coupled with a continuing rise in demand for specialized MSPs and cloud–based managed Wi–Fi 6 services.
The major vendors covered in the Wi-Fi 6 market include Cisco Systems (US), Intel Corporation (US), Huawei Technologies (China), NETGEAR (US), Juniper Networks (US), Broadcom (US), Qualcomm Inc. (US), Extreme Networks (US), Ubiquiti Networks (US), Fortinet Inc. (US), Aruba Networks (US), NXP Semiconductors (Netherlands), AT&T (US), Cambium Networks (US), D-Link Corporation (China), Alcatel-Lucent (US), TP-Link (China), MediaTek (China), Telstra (Australia), Murata (Japan), Sterlite Technologies Limited (India), Celeno (Israel), H3C (China), Senscomm Semiconductor (China), XUNISON (Ireland), Redway Networks (UK), VSORA (France), NEWRACOM (US), WILUS Group (South Korea), Federated Wireless (US). These players have adopted various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements, and collaborations, new product launches to expand their presence in the Wi-Fi 6 market. Partnerships and new product launches have been the most adopted strategies by major players from 2019 to 2022, which helped them innovate their offerings and broaden their customer base.
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Cisco is a key manufacturer of Internet Protocol (IP)-based networking products. The company offers products and solutions in the areas of routing and switching, as well as advanced technologies, such as home networking, IP telephony, optical networking, security, storage area networking, and wireless technologies. Over the years, the company has enhanced its position from being a provider of individual products and services to a provider of architectural solutions based on networking infrastructure. The company offers its products and services to large enterprises, commercial businesses, service providers, and consumers.
Intel engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through data center group, IoT group, mobile and communication group, and other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products. The company also provides high-performance compute solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets and solutions for assisted and autonomous driving comprising compute platforms, computer vision and ML-based sensing, mapping, and localization, driving policy and active sensors. Intel also has a presence in various regions, such as North America, Europe, Middle East and Africa, and Asia Pacific.
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