Wi-Fi 6 market size expected to grow to $26.2 bn by 2027

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 hardware to record a larger market share during the forecast period
The Wi-Fi 6 Market is segmented into hardware, solution, and services. The hardware segment includes WAP, mesh routers, home gateways, and wireless repeaters. Services include professional services and managed services. The growing demand for Wi-Fi 6 solution and services, and the increasing requirement for improved connectivity among enterprises are leading to the growth of the Wi–Fi 6 market across the globe.

By Region, Asia Pacific to grow at the highest CAGR during the forecast period
The Asia Pacific is home to many developing economies, and many countries in this region are adopting new technologies to comply with procedures for increasing the efficiency of financial systems. The key countries include Australia, Japan, Singapore, India, China, and New Zealand. The region is expected to witness the fast-paced adoption of Wi-Fi 6software. The Asia Pacific is estimated to be the fastest-growing Wi-Fi 6 Market owing to the rise in the adoption of new technologies, high investments for digital transformation, the rapid expansion of domestic enterprises, extensive development of infrastructures, and increasing GDP of various countries. Rapidly growing economies, such as China, Japan, Singapore, and India, are implementing Wi-Fi 6 solutions across multiple business processes to provide effective solutions.

CT Bureau