WI FI 6 TECHNOLOGY MARKET ANALYSIS

Market Challenges And Opportunities

Global Wi-Fi 6 Devices Market- Drivers

Increasing number of internet users

As the number of internet users continue to grow, and this trend is expected to persist in the coming years, there will be an increased demand for Wi-Fi 6 and its associated services. This surge in demand can be attributed to the rising smartphone penetration and improved connectivity worldwide. The expanding internet connectivity globally has created new business opportunities for telecommunication service providers. However, to stay competitive, these providers not only need to offer improved latency and bandwidth but also need to match the uptime offered by their competitors. To leverage these emerging opportunities, telecom companies are heavily investing in upgraded solutions that can provide the required connectivity bandwidth, network reliability, and security. This increased investment in wireless network infrastructure by telecom companies is anticipated to drive the industry growth.

Increasing demand for high-speed and low-latency connectivity

The rising demand for faster and more reliable wireless connections is driven by the increasing prevalence of bandwidth-intensive applications such as video streaming, online gaming, and cloud-based services. Wi-Fi 6 addresses this need by providing higher data transfer rates, lower latency, and improved network capacity. These features make Wi-Fi 6 an optimal solution for users seeking enhanced connectivity experiences.

Global Wi-Fi 6 Technology Market- Opportunities

Remote learning and work from home

The COVID-19 pandemic has accelerated the adoption of remote work and online learning, increasing the reliance on stable and high-speed internet connections. Wi-Fi 6 offers improved performance in congested environments, enabling better connectivity and productivity for remote workers and students.

Advancements in Wi-Fi technology

Wi-Fi 6 introduces new features such as Orthogonal Frequency Division Multiple Access (OFDMA), Multi-User Multiple Input Multiple Output (MU-MIMO), and Target Wake Time (TWT). These advancements enhance network efficiency, increase throughput, and improve user experiences, driving the adoption of Wi-Fi 6 devices.

Global Wi-Fi 6 Devices Market- Restraints

Lack of compatibility

Upgrading to Wi-Fi 6 requires both the access points and the client devices to support the new standard. As a result, the adoption of Wi-Fi 6 may be slower as users wait for their existing devices to become obsolete or for Wi-Fi 6-compatible devices to become more prevalent in the market.

Infrastructure in the developing phase

Implementing Wi-Fi 6 may necessitate infrastructure enhancements, such as upgrading access points, switches, and cabling, in order to fully exploit its advantages. These enhancements come with additional expenses and implementation time, which can be challenging for organizations that already have established network infrastructures.