What Is The Definition Of The Global Wireless Access Points Market?
Wireless access points (WAPs) refer to networking devices that allow wireless devices to connect to a wired network or a wireless network. They serve as the interconnection point between a wireless local area network (WLAN) and a fixed-wire network, enabling wireless devices to access the wired network and vice versa. WAPs are commonly used in homes, public Internet hotspots, and business networks to accommodate both wired and wireless networking equipment.
Wireless Access Points Global Market Report 2024 provides data on the global wireless access points market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wireless access points market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Wireless Access Points Market Size Expected To Change, And What Are The Growth Rate Projections?
The wireless access points market has seen robust growth in recent years. It will grow from $4.77 billion in 2023 to $5.23 billion in 2024, reflecting a CAGR of 9.6%. The growth is attributed to the rising demand for 5G network expansion, the growing adoption of internet of things (IoT) devices, the increasing use of wireless access points, and the rise of smart homes and connected devices. The market is expected to see continued strong growth, reaching $7.57 billion by 2028, with a CAGR of 9.7%. This future growth will be driven by the advancement of smart cities, the increasing need for fast and seamless wireless connectivity, and the demand for high-speed data access. Prominent trends will include breakthroughs in biotechnology, technological advancements, partnerships, and investments.
Which Drivers Are Accelerating Growth In The Wireless Access Points Market?
The increasing need for wireless internet access in residential and commercial settings, driven by the adoption of smart devices, IoT initiatives, and advancements in wireless technology, is boosting the wireless access point market. These devices enable seamless connectivity and efficient communication within their coverage areas. A report by the Canadian Radio-television and Telecommunications Commission in February 2024 showed that residential wireless internet access subscriptions rose to 93.9% in 2022, a 0.4% increase from the previous year, reflecting the growing demand for wireless connectivity solutions.
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What Are The Core Segments Of The Global Wireless Access Points Market?
The wireless access points market covered in this report is segmented –
1) By Type: Indoor, Outdoor
2) By Deployment: On-Premises, Cloud-Based
3) By Application: Gateways Or Routers, Dependent AP, Independent AP
4) By End User: Banking, Financial Services And Insurance, Healthcare, Manufacturing, Commercial, Telecom, Other End Users
Which Emerging Trends Are Reshaping The Wireless Access Points Market?
Companies in the wireless access point market are focusing on developing advanced access points that utilize high-performance Wi-Fi 6 technology to gain a competitive edge. Wi-Fi 6 technology enhances network efficiency, capacity, and coverage in high-density environments like offices and residential areas. For instance, in October 2022, Cisco Systems, Inc., a U.S.-based digital communications company, launched a Wi-Fi 6 Access Point for small and medium businesses. This technology enhances efficiency by reducing the battery drain on connected devices and offers a reliable, flexible network infrastructure. It supports both 2.4 GHz and 5 GHz bands and enables seamless coverage throughout a workplace with multiple access points managed as a single entity.
What Is The Largest Region In The Wireless Access Points Market?
Asia-Pacific was the largest region in the wireless access points market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless access points market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
