Wifi is the latest internet technology that allows an electronic device or a computer the connection to internet using radio waves or a wireless modem. Wifi stands for wireless fidelity and is used to transmit data to more than one devices. The advanced technology has allowed the service providers to enhance their services that are more efficient, portable, durable an cost effective.

WiFi Cameras will register a 13.6% CAGR in terms of revenue, reach US$ 29700 million by 2023, from US$ 13800 million in 2017

 

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With wireless communication having gained so much popularity, wifi has been greatly utilized for various purposes and by various industries to reach out to a much larger consumer base. Unlike traditional practices where only one device or computer could be connected to the main source of connection and only one user could be supported, wifi allows multiple users to share the data and bandwidth.

Wifi has evolved to broader fucntionalities and prospects. The areas of implementation has varied and utilized to its full potential. The three main sectors it is fucntioning according to the requirements is for the applications it needs to sustain; three sectors being indoor, outdoor and transportable. Indoor wifi is usually installed for household, official, or commercial places. Outdoor wifi facility is installed for private hotspots, city wide deployed networks and outdoor hotspots such as malls, stadiums and arenas. Transportation wifi is installed for places such as rail and in-flight networks, and in few places, roadways. Based on requirements, wifi is installed for its application of the location. Wifi is vastly used by many personal and official purposes and the range of connectivity has widened due to the advanced technolgy's reach; from mobile entertainment to banking. The IT has had a huge role to play to make communication a lot more convinient and accessible. Telecom sector has greatly benefited from this invention and the innovation will continue to grow as the demand and global penetration is getting larger.

Cellular serive companies have heavily invested in deploying the coverage and service to a broader consumer base. The North American demographic alone covers more than 250,000 cellular telephone towers as the latest smartphones demand and sales has increased. 

2 . WiFi Industry Current Trends

Wifi market has grown exponentially in the last decade with its reach to education, healthcare, hospitality, infrastructure, logistic and transportation and public sectors. The global Wi-Fi market revenue is estimated to reach $93.23 billion by 2018 at 15.08% CAGR, where the current value is estimated to be approximately $40.13 billion in 2013. The wifi market has been enjoying a steady growth yearly as majority of the industries have embraced the latest technology. Wifi is increasingly driven by the mobile operators as he exponential growth in data demand has created a need for offloading network traffic over to Wi-Fi and the projected growth rate for increased access points is set to grow to 9.9 million by 2017.

There is  a need for continuous data connectivity in the current business world and the demand is not expected to lose the pace in future. Wifi is the bigest mainstream technology that has contributed to the technological high standards in connectivity and communication across the globe. Not only has the wifi enabled connectivity to be more convinient but there is a growth in the number of Wi-Fi enabled devices such as smartphones, tablets, laptops, game consoles and digital cameras and it has made the network service providers and wifi products manufacturers to innovate and invent to meet ever changing consumer demands.

3 . Major WiFi Players

Major wifi industry players are Airtel, Alcatel-Lucent, Apple, AT&T, Broadcom, China Unicom, Deutsche Telekom, DoCoMo, Huawei Technologies, Orange, Reliance Communications and Vodafone.