(MENAFN- America News Hour) With growing technology revolution, the world has witnessed up-surged inventions in smart technologies and devices over previous few years. Evolution of Gigabit Wi-Fi is also a result of this technological transformation. Gigabit Wi-Fi delivers the benefits of higher internet browsing speeds over traditional wireless networks. The global gigabit Wi-Fi market is envisioned to escalate from USD 270 Million in 2015 to USD 10,540 Million in 2025, registering a compound annual growth rate (CAGR) of 84.1%. Geographically, the global gigabit Wi-Fi market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.
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Market Size and Forecast
North America gigabit Wi-Fi market is expected to witness a surge in coming 4-5 years sparked by strong network of telecommunication in the region. The U.S. is expected to be the largest gigabit Wi-Fi market in North America followed by Canada. Europe gigabit Wi-Fi market is likely to foster from increasing investment in development of high speed wireless networking devices in the region. Asia-Pacific gigabit Wi-Fi market is anticipated to have the highest growth over next 5-6 years. The market in the region is expected to bolster from increasing penetration of internet and rising disposable incomes of some of the major countries including India and China.
Key Players
Global gigabit Wi-Fi market is very competitive and includes some of the top players such as Agilent Technologies, Intel, Broadcom, Cisco, Dell Inc., Marvell Technology, NEC Corp., Microsoft Corp., Panasonic Corp., Nvidia Corp., Rohde & Schwarz, Qualcomm Atheros, etc.
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Market Segmentation by Regional Growth:
The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers and challenges
Escalating demand for high speed internet coupled with rising tech savvy generation is believed to spark the growth of global gigabit Wi-Fi market over the forecast period i.e. 2020-2025. In addition to that, rising expansion of IT companies which require data sharing at higher speeds is also expected to drive the global gigabit Wi-Fi market in future. However, high investment costs along with various technological constraints are anticipated to hamper the growth of global gigabit Wi-Fi market during 2020-2025.
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