The Wireless Access Point Market is being driven by Increase in development of smart cities
The Wireless Access Point Market is expected to grow at a CAGR of 6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8140.3 million. The global wireless access point market is experiencing significant growth due to the commercialization of 5G technology. With 5G, data download speeds of up to 10,000 Mbps are achievable, making it a game-changer in the communication industry. Investments in 5G networks have been increasing worldwide, with revenue reaching USD19.1 billion in 2021, a 39% growth from the previous year. This trend is expected to continue, driving the demand for wireless access points. Telecom service providers and network equipment manufacturers are launching new products to meet this demand, enabling carriers to offer 5G services to consumers and businesses. These product launches are crucial for the expansion of 5G networks and the growth of the wireless access point market.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
213 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2025-2029 |
USD 8140.3 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
5.7 |
Key countries |
Brazil, South Africa, UAE, US, Canada, Germany, UK, China, France, Italy, Japan, India, South Korea, Argentina, Russia, US, China, Japan, Germany, Canada, India, UK, France, Italy, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Wireless Access Point market encompasses technologies such as wireless range extenders, network traffic prioritization, wireless backhaul solutions, and ap clustering technology. Other key offerings include wireless connectivity testing, radio frequency management, antenna gain optimization, multi-user MIMO techniques, and Ethernet connectivity options. Additionally, wireless analytics dashboards, wireless user density, network bandwidth consumption, and wireless security compliance are important considerations. Network uptime monitoring, wireless device management, network performance analysis, client association management, wireless spectrum allocation, network segmentation, advanced encryption standards, wireless failover mechanisms, high-density Wi-Fi deployment, and wireless network diagnostics are also integral components of this market.
The global communications equipment market, encompassing manufacturers of enterprise networking solutions such as LANs, WANs, routers, and access points, including 802.11ac wave 2 and Wi-Fi 6 Wireless Access Points, is expected to experience significant growth. This expansion will be driven by the increasing demand for advanced networking technologies to support the growing number of data centers, particularly from hyperscalers. Moreover, the need for enhanced wireless network security and efficient access point deployment strategies will further fuel market growth. According to Technavio's market research, the global communications equipment market size will be influenced by investments in communication infrastructure and equipment sales, excluding revenue from cellular phone manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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