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Gigabit WiFi Market Growth Size

Gigabit WiFi Market Growth to Witness a Hike by a Robust CAGR during 2021 – 2029 Owing to the Growing Demand for Faster Data Transfer

By JordenPublished 3 years ago 3 min read
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Gigabit WiFi Market Growth Size

Research Nester published a report titled “Gigabit WiFi Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers a detailed overview of the gigabit WiFi market in terms of market segmentation by technology, product type, application, protocol, and by region.

Gigabit WiFi Market Growth Size

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.

The global gigabit WiFi market is projected to grow at a noteworthy CAGR during the forecast period, i.e., 2021-2029, on the back of the growing need for faster data transfer services and the rise in usage of portable smart devices. The total number of smartphone users are estimated to rise up to 4.2 billion by the end of 2023. Along with these, the increasing adoption of WiFi hotspot devices across various facilities, and the high level of accuracy and security offered by wireless gigabit are other factors projected to boost the growth of the market in the coming years.

On the basis of product type, the gigabit WiFi market is segmented into display devices, network infrastructure devices, networking devices, and consumer electronics, out of which the network infrastructure devices segment is anticipated to grab a substantial market share during the forecast period, owing to the escalating demand for devices with high data throughput and the rising emergence of 60 GHz frequency spectrum.

Download Sample of This Strategic Report

https://www.researchnester.com/sample-request-54

Geographically, the gigabit WiFi market is segmented into five major regions, namely North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among these, the market in Europe is expected to grow at the highest rate over the forecast period, which can be attributed to the high availability of low cost gigabit products and the intensifying demand for next-generation smart devices in the region.

However, expensive production of wireless gigabit chipset is the major factor expected to operate as key restraint to the growth of the gigabit WiFi market over the forecast period.

Increasing Need for High-Speed Data Services

As the user base for smart devices is on a rise, there is an ever-increasing demand for superior internet connectivity with faster data transfer rates by consumers globally. Owing to this, several leading telecom and networking companies are driven to offer unprecedented internet services, which in turn is projected to facilitate the emergence of high-speed 60 GHz frequency band for data communications in the near future. This is one of the leading causes anticipated to boost market growth over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global gigabit WiFi market which includes company profiling of Intel Corporation (NASDAQ: INTC), Qualcomm Technologies, Inc. (NASDAQ: QCOM), Sivers Semiconductors AB (FRA: 2DG), Broadcom Inc. (NASDAQ: AVGO), NXP Semiconductors N.V. (NASDAQ: NXPI), Blu Wireless, Samsung Electronics Co., Ltd. (KRX : 005930), Infineon Technologies AG (ETR: IFX), ASUSTeK Computer Inc. (ETR: IFX), Tensorcom Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the gigabit WiFi market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Download/Request Sample Copy of Strategic

Report:- https://www.researchnester.com/sample-request-54

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: [email protected]

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

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About the Creator

Jorden

I am market researcher & analyst

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