2014-02-17 09:44:02 - Global Wi-Fi Market: Global Forecasts & Analysis 2013-2018 - a new market research report on companiesandmarkets.com
The global Wi-Fi market is suggested to have reached a value of around $40.13 billion at the beginning in 2013, and is forecast to grow to a total $93.23 billion by 2018. This suggests a CAGR growth rate of 15.08% between 2013 and 2018. The rising popularity and adoption of smartphones, tablets, and Wi-Fi enabled consumer electronics drives the high demand for uninterrupted connectivity of data and information among the users of Wi-Fi enabled devices.The need for ubiquitous data connectivity has been ever growing in the current business world and this demand would never diminish in future. Among all the new technologies and standards that are built to meet this enormous demand, Wi-Fi is the most mainstream technology to address
this demand. The technology has undergone a variety of transitions and is still growing across the globe.The Wi-Fi market is also has been driven by the shift into 5GHz and 60GHz bands enabling multiple user configurations. The massive growth in the number of Wi-Fi enabled devices such as smartphones, tablets, laptops, game consoles and digital cameras has made the network service providers and Wi-Fi product manufacturers to continuously innovate to meet customer demands.
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