On the market for gigabit Wi-Fi access points, Future Market Insights (FMI) has just released a brand-new report. “Gigabit Wi-Fi Access Point Market: Global Industry Analysis 2016-2021 and Opportunity Assessment 2022-2027″ is the title of the study. India is one of the promising markets that vendors around the world are focusing on because it is predicted to offer profitable opportunities in the next years. Leading companies like Samsung must concentrate on the India market in order to deliver creative GWAP solutions and increase their market share in emerging nations. This is because India offers significant GWAP growth potential. India has a significant market potential, which is luring GWAP market sellers to ship their goods there.
The analysis projects that the global market for gigabit Wi-Fi access points will grow at a remarkable CAGR of 29.1% between 2022 and 2027. The market had a value of US$ 393.3 million in 2022, and by the end of 2027, it is anticipated to have increased to US$ 3,717.4 million.
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Growing Acceptance of Advanced Products to Increase Market Demand
With significant technological breakthroughs, North America is concentrating on implementing new technology, such as gigabit Wi-Fi access point devices, to improve the region’s entire internet infrastructure and provide faster internet speeds. Penske Truck Leasing helped Aruba Networks Inc. in North America broaden its wireless capabilities in August 2016. For enhanced connectivity, Penske chose Aruba Networks to instal 5,000 outdoor and indoor access points. As a result of ongoing technological advancement, many businesses are now using gigabit Wi-Fi access point devices to roll out high-speed internet.
Modern electronic gadgets, particularly smartphones and tablets, are slowly gaining popularity with customers, particularly young people. Customers may enjoy fantastic advantages like mobility, quick operation, and long battery life from small devices like smartphones. Therefore, there will be a greater deployment of gigabit Wi-Fi access points in North America as a result of the growing market penetration of smartphones and tablets.
Adoption of smart homes and applications in the past five years in Western Europe has increased significantly, owing to increasing advancement in home automation in the region. A growing adoption of smart homes is expected to drive demand for high bandwidth internet to operate all the smart gadgets. Owing to the aforementioned factors consumers are adopting better and advanced internet infrastructure with cutting-edge security offerings.
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Hardware Replacement Cost to act as a Roadblock in Market Revenue Growth
Old devices such as 802.11n wireless access point devices may or may not be able to support the new hardware standards of 802.11 AC. Henceforth, installing the 802.11 AC standard needs the whole infrastructural change to obtain the maximum benefits from new standard 802.11 AC. Installation of new hardware compatible with 802.11 AC is projected to incur high costs, which is expected to act as a restraint in the initial adoption of gigabit Wi-Fi access points.
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Gigabit Wi-Fi access point Market by Category
By Maximum Data Delivery Rate :
- Less than 868 Mbps
- 868 to 1300 Mbps
- More than 1300 Mbps
By End User :
- Residential
- Commercial/Industrial
- Retail
- Education
- Manufacturing
- Hospitality
- Healthcare
- Others
By Component :
- Wireless Access Points
- Indoor
- Outdoor
- Special-purpose
- Wireless LAN Controllers
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
- Japan
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