New research: AX and IoT to boost Wi-Fi growth towards 2022 | Wi-Fi NOW Events
The California-based market intelligence company 650 Group released their latest WLAN report on July 2 citing demand for enterprise and outdoor Wi-Fi in emerging markets and the accelerated adoption of Wi-Fi-based IoT as the main drivers.
“Beginning in the next 2-3 years, we expect the adoption of IoT devices, including those involving video surveillance, will become significant enough to drive additional spending on WLAN infrastructure to sustain growth in the later years of the forecast,” said Chris DuPuy, Founder & Technology Analyst and 650 Group.
The company expects the size of the enterprise-grade and outdoor WLAN market in 2022 to be more than 35% larger than it was in 2017 increasing the CAGR by more than one percentage point. The revenue is expected to rise from around $5.5B in 2017 to close to $8 in 2022 (see graph below).