The report projects that between 2022 and 2027, the worldwide gigabit Wi-Fi access point market will grow at an impressive CAGR of 32.3%. By the end of 2027, the market is projected to have grown from its 2022 estimate of US$ 3.61 billion to US$ 14.65 billion.
A new research on the gigabit Wi-Fi access point industry has been released by Future industry Insights (FMI). “Gigabit Wi-Fi Access Point Market: Global Industry Analysis 2016–2021 and Opportunity Assessment 2022–2027” is the title of the report. India is attracting the attention of vendors from all over the world as it is a prospective market to tap into and is predicted to offer profitable opportunities in the years to come.
Seeking huge GWAP growth opportunities in India, leading players such as SAMSUNG need to focus on the India market to offer innovative GWAP solutions for strengthening their presence in emerging countries. India has a huge potential, which is attracting vendors associated with the GWAP market to export their products to India.
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Drivers and Opportunities:
Several factors are propelling the Gigabit Wi-Fi Access Point Market forward. The rapid adoption of smart devices, coupled with the increasing reliance on cloud-based services, is fueling the demand for high-speed and reliable Wi-Fi connectivity. Additionally, the surge in remote work and e-learning due to the global pandemic has further underscored the need for robust Wi-Fi infrastructure. These trends present substantial growth opportunities for market players.
Competitive Landscape – Regional Trends:
The competitive landscape in the Gigabit Wi-Fi Access Point Market is witnessing intense rivalry among key players. To gain a competitive edge, companies are focusing on technological advancements and product innovations. The market is segmented regionally, with North America dominating due to widespread adoption of gigabit Wi-Fi access points. Asia-Pacific is emerging as a lucrative market, driven by rapid urbanization and increasing digitalization.
Restraints:
Despite the promising growth prospects, the Gigabit Wi-Fi Access Point Market faces some limitations. Challenges related to network security and data privacy remain paramount concerns, necessitating continuous investment in cybersecurity measures. Additionally, cost constraints and interoperability issues may impede market growth in certain regions.
Region-wise Insights – Category-wise Insights:
Regionally, North America is expected to maintain its dominance throughout the forecast period, driven by the presence of major market players and robust infrastructure. In contrast, the Asia-Pacific region is anticipated to witness the highest growth rate, owing to burgeoning internet penetration and digital transformation initiatives.
In terms of categories, enterprise deployment of gigabit Wi-Fi access points is anticipated to lead the market, driven by the demand for seamless connectivity in corporate environments. Residential usage is also on the rise, as consumers seek high-speed internet for streaming, gaming, and home automation.
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Gigabit Wi-Fi access point Market by Category
By Maximum Data Delivery Rate :
- Less than 868 Mbps
- 868 to 1300 Mbps
- More than 1300 Mbps
By End User :
- Residential
- Commercial/Industrial
- Retail
- Education
- Manufacturing
- Hospitality
- Healthcare
- Others
By Component :
- Wireless Access Points
- Indoor
- Outdoor
- Special-purpose
- Wireless LAN Controllers
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
- Japan
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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