Wi-Fi Network Equipment Market Size (2024 - 2029)

Wi-Fi Network Equipment Market Analysis

The Wi-Fi Network Equipment Market size is estimated at USD 1.85 billion in 2024, and is expected to reach USD 3.17 billion by 2029, growing at a CAGR of 11.35% during the forecast period (2024-2029).

• The increasing use of Internet of Things (IoT) devices in consumer, commercial, and industrial settings is a key driver for equipment demand. With the rise of 5G technology, organizations are poised to embrace even more connected devices, enhancing their ability to leverage business data. This surge in smart and connected device adoption directly fuels the global Wi-Fi network devices market's growth.
• Furthermore, many enterprises are overhauling their network equipment to bolster security and streamline data exchanges. The adoption of the latest Wi-Fi standards, Wi-Fi 6 and Wi-Fi 6E connectivity, facilitates improved speed, capacity, and efficiency in handling multiple devices simultaneously. These advancements are crucial for supporting bandwidth-intensive applications such as video conferencing, gaming, and IoT devices. As per the 'World in Data,' only 63% of the population had access to the online internet in 2023, which provides immense growth potential.
• While return-to-office mandates gained traction in 2023, the call for flexibility remains strong. Many firms view office returns as pivotal for bolstering their culture, yet the shift back poses significant hurdles. Collaboration provides traditional office setups, including in-person meetings, virtual calls, and advanced technology. Thus, there is still growth in the requirement for home Wi-Fi devices to cater to the demand.
• Wi-Fi networks encounter a myriad of security threats, primarily stemming from the prevalence of Wi-Fi-enabled devices. Despite technological advancements in security protocols, maintaining data safety and integrity remains a significant challenge. Particularly in corporate settings, when handling sensitive information, the risk of data breaches increases. Attackers exploit these vulnerabilities, often resulting in unauthorized data access.
• After the COVID-19 pandemic, enterprise and service providers invested heavily in upgrading the network infrastructure to cater to the increasing load that is coming from the remote user. The company planned for upgrading the existing Wi-Fi networks and implementing new technologies to ensure secure and reliable connectivity.

Wi-Fi Network Equipment Industry Segmentation

The Wi-Fi network equipment market study tracks the overall revenue accrued through the sale of Wi-Fi devices and associated services provided by market vendors to all-sized enterprises across the world. Wi-Fi is a trademarked term that denotes Wi-Fi-certified WLAN-based connectivity products that enable communication for various devices over the internet. The study also covers insights into adoption trends of guest enterprise Wi-Fi offerings.

The Wi-Fi network equipment market is segmented by equipment/device type (access points, gateways, routers and extenders, and others (cables, interface, modules, etc.), end-user (consumers and enterprises), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). It also covers country-specific market dynamics, use case analysis, and regulatory landscape. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.