Authored By: Sarah
11 Jul 2024

 Wireless Access Point Market Size to grow by USD 7.53 billion between 2024-2028

According to a research report “ Wireless Access Point Market” by End-user (Enterprises, Consumers) Product (Gateways or routers, Dependent AP, Independent AP) Type (Indoor, Outdoor) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 7.53 billion, at a CAGR of  5.9% during the forecast period. In the global push towards the development of smart cities, governments are investing substantial resources to construct advanced urban infrastructures. These initiatives necessitate the deployment of extensive public Wi-Fi networks, enabling residents and visitors to access essential services such as safety, education, and city management applications. To address the intricacies of outdoor environments, wireless access points with complex meshing capabilities are required. Users can leverage their mobile devices to connect to these networks, unlocking the potential for location-based services (LBS) that offer valuable insights into city operations and resident behavior, ultimately enhancing the delivery of efficient and personalized services within smart city environments.

Browse market data tables, figures, and in-depth TOC on “Wireless Access Point Market” by End-user (Enterprises, Consumers) Product (Gateways or routers, Dependent AP, Independent AP) Type (Indoor, Outdoor) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By End-user, the Enterprises segment is projected to dominate the market size in 2024

The global wireless access point market is poised for substantial growth during the forecast period, driven by the rising demand for value-added services such as location-based services (LBS), navigation, and digital mapping. The escalating Internet Protocol (IP) traffic necessitates routers/gateways to manage traffic engineering functions effectively. The trend toward workforce mobility is fueling the adoption of enterprise routers, which in turn, is boosting the utilization of web technologies. This dynamic is expected to significantly contribute to the expansion of the wireless access point market over the forecast period.

By Product, Gateways or routers  segment is expected to hold the largest market size for the year 2024

The enterprise sector dominates the global wireless access point market in 2023, accounting for a significant market share. With the increasing adoption of cloud services such as Microsoft Office 365, Google apps, and SAP, large enterprises and IT professionals are experiencing increased bandwidth demand due to their extensive use. This trend is predicted to continue, with a projected 500% increase in bandwidth requirements during the forecast period. Consequently, the demand for advanced WLAN devices, such as 802.11ac and 802.11ax, is expected to surge, as organizations prioritize network reliability and high-speed connectivity to support their digital transformation initiatives.

North America is forecasted to hold the largest market size by region in 2024

The North American wireless access point market is poised for substantial expansion during the forecast period. This growth can be attributed to the burgeoning enterprise sector in the region, particularly in developed economies like the US and Canada. In the US, the IT sector is projected to experience notable growth due to the widespread adoption of the Internet of Things (IoT) technology, which necessitates the deployment of numerous wireless access points within enterprises. The increasing usage of smartphones and the Internet are key drivers fueling the market's expansion in North America.

The Wireless Access Point Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Avaya LLC
  • Cambium Networks Corp.
  • Cisco Systems Inc.
  • CommScope Holding Co. Inc.
  • D Link Corp.
  • EnGenius Technologies Inc.
  • Extreme Networks Inc.
  • Fortinet Inc.
  • Hewlett Packard Enterprise Co.
  • HFCL Ltd.
  • Huawei Technologies Co. Ltd.
  • Juniper Networks Inc.
  • Kontron AG
  • Netgear Inc.
  • Qualcomm Inc.
  • SIA Mikrotikls
  • Sophos Ltd.
  • Telefonaktiebolaget LM Ericsson
  • TP Link Corp. Ltd.
  • Zyxel Communications Corp.
.

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Research Analysis Overview

The Wireless Access Point (WAP) market is experiencing significant growth due to the increasing demand for wireless network connectivity in various sectors, including education, healthcare, smart homes, and public areas. With the proliferation of digital initiatives, IoT devices, and 5G technology, consumers are relying more on wireless connectivity for their gadgets and daily needs. However, this trend also brings security threats, making it essential for WAPs to offer advanced security features. Wi-Fi 6 and Wi-Fi 6E are the latest wireless networking technologies that provide faster speeds, better performance, and improved security. PoE+ and range extenders are digital solutions that enable Power over Ethernet and extend wireless coverage, respectively. Router and transceiver are key components of WAPs, while technical expertise is crucial for their installation and maintenance. WAPs are essential for providing Internet access in educational institutions, healthcare facilities, homes, offices, and public places. They are used to connect a wide range of devices, from laptops and smartphones to medical equipment and IoT devices. As the number of connected devices continues to grow, the demand for secure and reliable WAPs is expected to increase.

Market Research Overview

Title: WPA3 and the Future of Wireless Networking: Market Trends, Technological Developments, and Security in the Wi-Fi Era The wireless networking market is experiencing a significant surge with the advent of WPA3, the latest security protocol, and Wi-Fi 6E and 6, the next-generation Wi-Fi technologies. WLAN Controllers, wireless infrastructure, and wireless hotspots are at the forefront of this revolution, enabling high-speed connectivity and seamless roaming in public places, offices, homes, and smart cities. Wi-Fi technology continues to evolve, with tech giants like Extreme Networks and Aerohive Networks leading the charge. WPA3, with its advanced security protocols, is a game-changer, addressing security threats in the era of IoT devices and remote work. Seamless roaming, multiple user access, and network segmentation are key features that enhance the user experience. The Wi-Fi market is driven by various factors, including technological development, regulatory requirements, economic factors, and social trends. Research methodologies, market reports, and web-casts provide subject-related expert advice and statistical databases for understanding the market dynamics. The integration of enterprise solutions, cloud-managed WAPs, and cloud management adds to the competitive environment. PoE+ and 5G technology are expected to further boost the market growth. However, negative changes like geographical penetration, hacking threats, and political factors pose challenges. SMEs, smart homes, healthcare, and education are some sectors that stand to benefit from this digital transformation. The future of wireless networking is bright, with positive changes in sales data, networking equipment, and business solutions. Stay informed with the latest news articles, association findings, and annual reports for the most up-to-date insights.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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