The global Wi-Fi 6 market is expected to grow rapidly
MarketsandMarkets has published a new forecast for the global Wi-Fi 6 (802.11ax) wireless solutions market. Analysts believe that the industry will grow steadily over the next five years. Chipsets and hardware that support this standard are offered by many well-known companies, including Cisco, Intel, Huawei, Netgear, Juniper Networks, Broadcom, Qualcomm, Aruba Networks, NXP Semiconductors and others.
It is estimated that the global Wi-Fi 6 market will reach $11.5 billion this year. According to experts, this figure will increase to $26.2 billion by 2027. Thus, the CAGR (average annual growth rate in complex percentages) will be 17.9%. At the same time, managed Wi-Fi services, including cloud, will show a higher CAGR value than the consumer and commercial segments. Street Wi-Fi networks will also grow faster, ie. those who work outside the homes.
It is noted that corporate customers are increasingly trying to shift the task of deploying and maintaining Wi-Fi networks on the shoulders of third-party companies that offer turnkey solutions that provide monitoring, hardware and software management, optimization, detection, and troubleshooting 24/7. This reduces costs and risks when managing wireless infrastructure.
Analysts also note that in the near future, the highest growth rate of Wi-Fi 6 will be demonstrated in the Asia-Pacific region. Australia and New Zealand, Japan and China, India and Singapore are actively developing new technologies and investing heavily in digital transformation. There is also growth in the corporate sector in these countries.
