#WiFi #Market #Reach #Billion #Allied
Portland, OR , Sept. 28, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global Wi-Fi 6 market generated $10.85 billion in 2021, and is estimated to reach $64.12 billion by 2031, witnessing a CAGR of 19.6% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $10.85 billion |
| Market Size in 2031 | $64.12 billion |
| CAGR | 19.6% |
| No. of Pages in Report | 320 |
| Segments covered | Component, Enterprise Size, Location, Industry Vertical, and Region |
| Drivers | Increase in number of internet users |
| Rise in demand for wireless broadband during the Covid-19 pandemic | |
| Opportunities | Increase in use of public Wi-Fi in malls, stadiums, airports, and hotels |
| Restraints | Range of Wi-Fi 6 is less than that of the 5 GHz network |
Covid-19 Scenario:
- The Covid-19 pandemic drastically affected the businesses across the globe. However, the prolonged lockdown, especially in the Asian and European countries positively impacted the adoption of Wi-Fi 6 devices.
- During the pandemic, the number of Wi-Fi 6 connected devices experienced a steep increase. The lockdown enforcement heightened the adoption of digital learning platforms for digital education, which fueled the market growth.
- Manufacturers collectively were forced to deploy several agile approaches for quality control.
The global Wi-Fi 6 market report offers detailed segmentation of the market based on component,…
Read on GNW: Wi-Fi 6 Market to Reach $64.12 Billion by 2031: Allied
