Dublin, Feb. 28, 2025 (GLOBE NEWSWIRE) -- The "Wi-Fi IoT Market Report: Trends, Forecast and Competitive Analysis to 2031" report has been added to ResearchAndMarkets.com's offering.
The global Wi-Fi IoT market is expected to reach an estimated $3.8 billion by 2031 with a CAGR of 18.7% from 2025 to 2031.
The major drivers for this market are the growing need for Wi-Fi for portable electronics like laptops and cellphones, expanding the use of the Bring Your Own Device (BYOD) movement and the Internet of Things (IoT) in enterprises throughout the world, and the rising demand for IoT cloud management integrated security.
The Wi-Fi IoT market is shaped by key drivers such as advancements in Wi-Fi technology, increasing adoption of IoT devices, growing demand for smart applications, enhanced data analytics capabilities, and investment in smart infrastructure. However, challenges including high implementation costs, security concerns, and regulatory complexities also impact market dynamics.
Addressing these challenges while leveraging the drivers is essential for maximizing growth opportunities and ensuring the successful deployment and integration of Wi-Fi IoT solutions. As the market continues to evolve, balancing these factors will be crucial for achieving sustainable growth and innovation.
Key Highlights
- Within the application category, industrial IoT is expected to witness the highest growth over the forecast period.
- In terms of regions, APAC is expected to witness the highest growth over the forecast period because of growing internet utilization, a significant reliance on smartphones, and the increasing trend of smart city construction, with easy access to Wi-Fi to serve education and healthcare sectors.
Features of this Global Wi-Fi IoT Market Report
- Market Size Estimates: Wi-Fi lot market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
- Segmentation Analysis: Wi-Fi lot market size by component, application, end use, and region in terms of value ($B).
- Regional Analysis: Wi-Fi lot market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different component, application, end use, and regions for the Wi-Fi IoT market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Wi-Fi IoT market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
List of Wi-Fi IoT Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies Wi-Fi IoT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the Wi-Fi IoT companies profiled in this report include:
- Cisco
- Nordic Semiconductor
- ON Semiconductor
- Synaptics
- Infineon Technologies
- Huawei
- Extreme Networks
- NXP Semiconductors
- Advantech
- Aruba
Wi-Fi IoT by Segment
The study includes a forecast for the global Wi-Fi IoT market by component, application, end use, and region.
Component [Analysis by Value from 2019 to 2031]:
- Hardware
- Solutions
- Services
Application [Analysis by Value from 2019 to 2031]:
- Industrial IoT
- Commercial IoT
- Smart Home
- Other
End Use [Analysis by Value from 2019 to 2031]:
- Healthcare & Life Sciences
- Retail
- Enterprise
- Manufacturing
- Government
- Other
Region [Analysis by Value from 2019 to 2031]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Country Wise Outlook for the Wi-Fi IoT Market
- United States: In the U.S., recent developments in the Wi-Fi IoT market include the widespread adoption of Wi-Fi 6 technology, which offers improved performance, higher data rates, and enhanced capacity for connected devices. Major tech companies and smart home solutions are integrating Wi-Fi 6 to support more efficient and reliable IoT applications. Additionally, there is a growing focus on cybersecurity to address the vulnerabilities associated with increased IoT device connectivity, driving innovations in secure networking solutions.
- China: China has made significant strides in the Wi-Fi IoT market, driven by advancements in smart city initiatives and the rollout of Wi-Fi 6 technology. The country is investing heavily in IoT infrastructure to support urban development projects and enhance connectivity for a wide range of applications, from smart homes to industrial automation. Moreover, China is focusing on integrating IoT with 5G technology to provide faster and more reliable connections for its vast array of IoT devices.
- Germany: Germany is advancing in the Wi-Fi IoT market with a strong emphasis on industrial IoT (IIoT) applications. The country is leveraging Wi-Fi 6 to improve connectivity and performance in manufacturing environments, enhancing automation and data analytics. Germany's focus on Industry 4.0 initiatives is driving the integration of advanced Wi-Fi solutions into industrial processes, supporting smart factories and efficient production systems. Additionally, there is increased investment in developing secure and reliable Wi-Fi networks for both consumer and enterprise use.
- India: In India, the Wi-Fi IoT market is expanding rapidly with the adoption of smart home devices and the rollout of Wi-Fi 6 technology. The government's push for digital transformation and smart city projects is driving the integration of IoT devices across various sectors, including agriculture, healthcare, and urban infrastructure. Additionally, there is a growing focus on improving connectivity in rural areas to support IoT applications and enhance digital inclusion.
- Japan: Japan is experiencing growth in the Wi-Fi IoT market, particularly in smart home technology and industrial automation. The country is implementing Wi-Fi 6 to support a higher density of connected devices and improve performance in smart homes and businesses. Japan's focus on technological innovation and its advanced approach to integrating IoT with other emerging technologies, such as artificial intelligence and robotics, are driving the development of sophisticated and efficient Wi-Fi IoT solutions.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the Wi-Fi IoT market by component (hardware, solutions, and services), application (industrial IoT, commercial IoT, smart home, and other), end use (healthcare & life sciences, retail, enterprise, manufacturing, government, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For more information about this report visit https://www.researchandmarkets.com/r/p7o7v6
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