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Gigabit Wi-Fi Access Point Market is predicted to reach USD 47.9 billion at a CAGR of 32.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Gigabit Wi-Fi Access Point Market”.


The Gigabit Wi-Fi Access Point market is estimated to register a CAGR of 32.00% during the forecast period of 2024 to 2032.


MRFR recognizes the following companies as the key players in the global Gigabit Wi-Fi Access Point market: Aerohive Networks Inc., D-Link Corporation, Aruba Networks Inc., Cisco Systems Inc., TP-Link Technologies Co. Ltd., Zebra Technologies Corporation, Ruckus Wireless Inc., Riverbed Xirrus, Netgear Inc., Fortinet Inc., and Proxim Wireless.


Gigabit Wi-Fi Access Point Market Highlights


The global Gigabit Wi-Fi Access Point market registered a CAGR of 32.00% during the forecast period and is estimated to reach USD 47.9 billion by 2032.


The need for Gigabit Wi-Fi access points to meet the connection needs of these devices is being driven by the growth of smart cities and the rising use of IoT devices across a variety of industries, including manufacturing, transportation, and healthcare. Additionally, gigabit Wi-Fi access point deployment can come with hefty upfront expenditures, particularly for small and medium-sized businesses (SMBs) with tight budgets. These prices include gear, installation, and configuration fees. Furthermore, gigabit Wi-Fi access point providers have a lot of potential in the education industry as higher education institutions look to improve digital learning, encourage BYOD programs, and offer widespread Wi-Fi coverage on campus. Moreover, the adoption of Gigabit Wi-Fi access points can be hampered by compatibility concerns with older Wi-Fi devices that do not support the most recent Wi-Fi standards (such as Wi-Fi 6). In order to get optimal performance and compatibility, companies may need to upgrade or replace their current equipment.


Segment Analysis


The global Gigabit Wi-Fi Access Point market has been segmented based on maximum data delivery rate, end user, and component.


Based on the maximum data delivery rate, the market is segmented into less than 868 Mbps, 868 to 1300 Mbps, and more than 1300 Mbps. The more than 1300 Mbps segment was attributed to holding the largest market share in 2023. Offloading cellular traffic onto Wi-Fi networks is becoming more popular as 5G networks are deployed in an effort to reduce congestion and enhance network performance. In a heterogeneous network context, gigabit Wi-Fi access points may offer high-speed wireless connectivity and smoothly integrate with 5G networks, even at data rates higher than 1300 Mbps.


The global Gigabit Wi-Fi Access Point market has been segmented based on end-users into residential and commercial/industrial (retail, hospitality, education, manufacturing, healthcare, and others). In 2023, the commercial/industrial segment was anticipated to have the highest market share. High-user density environments with several simultaneous connections to the Wi-Fi network include businesses, conference centers, hotels, and stadiums. With cutting-edge capabilities like OFDMA and MU-MIMO, gigabit Wi-Fi access points can effectively manage many concurrent users, providing dependable connectivity without sacrificing speed.


Based on the component, the global Gigabit Wi-Fi Access Point market has been segmented into wireless access points (indoor, outdoor, and special-purpose) and wireless LAN controllers. The category for wireless access points was predicted to hold the largest market share in 2023. Processors, or CPUs, execute the software and algorithms that control Gigabit Wi-Fi access points' operations. The necessity to handle sophisticated networking features, security protocols, and high-speed data processing is driving the demand for powerful processors with multi-core designs and hardware acceleration capabilities.


Regional Analysis


Based on region, the global Gigabit Wi-Fi Access Point market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The European Gigabit Wi-Fi Access Point market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Gigabit Wi-Fi Access Point market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Gigabit Wi-Fi Access Point market comprises the Middle East, Africa, and Latin America.


The North American regional sector maintained the largest market share. The business landscape in North America is broad and varied, encompassing government agencies, small and medium-sized businesses (SMBs), healthcare facilities, educational institutions, and enterprises. North America is a crucial market for gigabit Wi-Fi access points since these organizations need a strong Wi-Fi infrastructure to support their operations.


Moreover, the European market has been persistently growing over the forecast period. Robust Wi-Fi infrastructure is necessary for European businesses, including SMBs, enterprises, and public sector organizations, to support their operations and satisfy the connection needs of their staff, clients, and guests. In these contexts, gigabit Wi-Fi access points provide the speed, capacity, and dependability needed to support IoT devices and bandwidth-intensive applications.


Additionally, Asia-Pacific is anticipated to experience the quickest growth over the forecast period. The Internet is becoming widely used in many Asia-Pacific nations, driven by reasons like growing disposable incomes, more mobile connectivity, and government programs to close the digital divide. Gigabit Wi-Fi access points are essential for meeting the region's increasing demand for internet access by offering dependable and quick wireless connectivity.


Furthermore, the Rest of the World's Gigabit Wi-Fi Access Point market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's growing internet penetration, digital transformation initiatives, the rise of the adoption of smart home devices, and the tourism and hospitality sector, all of which contribute to the market expansion.


Key Findings of the Study



  • The global Gigabit Wi-Fi Access Point market is expected to reach USD 47.9 billion by 2032, at a CAGR of 32.00% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market. Small and medium-sized businesses (SMBs) and multinational organizations make up the vast and varied commercial environment of Asia-Pacific. Strong Wi-Fi infrastructure is necessary for these companies to support their operations and satisfy the connected needs of their staff, clients, and guests. In these contexts, gigabit Wi-Fi access points provide the speed, capacity, and dependability needed to support IoT devices and bandwidth-intensive applications.

  • Based on the maximum data delivery rate, the segment with more than 1300 Mbps was attributed to holding the largest market in 2023.

  • Aerohive Networks Inc., D-Link Corporation, Aruba Networks Inc., Cisco Systems Inc., TP-Link Technologies Co. Ltd., Zebra Technologies Corporation, Ruckus Wireless Inc., Riverbed Xirrus, Netgear Inc., Fortinet Inc., and Proxim Wireless are the key market players.

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