Security News > 2021 > March > Worldwide Wi-Fi market to reach $25.244 million by 2026

The global Wi-Fi market is projected to grow from $9.437 million in 2020 to reach $25.244 million by 2026, at a Compound Annual Growth Rate of 17.8% during the forecast period, according to ResearchAndMarkets.

The major growth drivers for the market include increasing need for robust network connectivity and adoption of Wi-Fi solutions in various verticals such as education, healthcare and life sciences, and retail and e-Commerce, BFSI, and IT and telecom.

Healthcare and life sciences vertical to grow at the highest CAGR. Wi-Fi market is segmented into education, healthcare and life sciences, transportation and logistics, retail and e-Commerce, government, manufacturing, hospitality, and others.

Wi-Fi market by 2026: APAC to grow at the highest CAGR. APAC countries are increasingly investing in Wi-Fi projects.

The Wi-Fi market in APAC has been sub-segmented into China, Japan, India, and the rest of APAC. A rapidly growing customer base, due to the increasing prominence of SMEs, coupled with the reduction in TCO, is expected to drive the Wi-Fi market growth in APAC. APAC is witnessing an upsurge in the adoption of smart devices and internet, mandating the need for reliable and secure internet connectivity.

These trends in the Asia-Pacific region are expected to lead to the increased adoption of Wi-Fi technology, which is expected to fuel the growth of the Asia-Pacific Wi-Fi market.

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