The global Wi-Fi Boosters Market size is predicted to be worth over USD 10.7 billion by 2030, increasing at a CAGR of more than 17% between 2022 and 2030, according to Ameco Research
In recent years, the market for Wi-Fi boosters has seen significant growth. With the rise of smart homes, the increasing popularity of streaming services, and the proliferation of internet-connected devices, consumers are demanding better and more reliable Wi-Fi coverage throughout their homes. The global Wi-Fi booster market value was valued at approximately USD 2.6 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 17% from 2022 to 2030.
A Wi-Fi booster, also known as a Wi-Fi range extender, is a device that amplifies or extends the wireless signal of a Wi-Fi network. It is often used in areas where the Wi-Fi signal is weak or spotty, such as in large buildings or homes with multiple floors or thick walls. A Wi-Fi booster typically consists of a transmitter and a receiver that work together to increase the range and strength of the Wi-Fi signal. One of the key factors driving the growth of the Wi-Fi booster market is the increasing adoption of smart homes and internet of things (IoT) devices. As consumers purchase more connected devices for their homes, they require a strong and reliable Wi-Fi signal to ensure that all of their devices can connect seamlessly. Additionally, the growing trend of remote work and virtual learning has increased the demand for fast and reliable internet connections, further fueling the need for Wi-Fi boosters.
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Global Wi-Fi Boosters Market Growth Factors
• Increasing adoption of smart homes and IoT devices
• Growing demand for fast and reliable internet connections for remote work and virtual learning
• Expansion of Wi-Fi networks in public spaces such as airports, shopping centers, and stadiums
• Proliferation of internet-connected devices, such as smartphones, tablets, and smart TVs
• Growing demand for high-speed internet services, such as streaming and online gaming
Global Wi-Fi Boosters Market Trends
The Wi-Fi booster market has seen significant growth and evolution over the past few years, and this trend is expected to continue as new technologies emerge and consumer demand for reliable and high-speed Wi-Fi connections increases. One of the key trends in the market is the emergence of Wi-Fi mesh networks, which offer improved coverage and faster speeds compared to traditional Wi-Fi networks. Wi-Fi mesh networks consist of multiple access points that work together to provide seamless coverage throughout a home or business.
Another trend in the Wi-Fi booster market is the integration of artificial intelligence (AI) and machine learning (ML) technologies into Wi-Fi booster devices. These technologies can help optimize Wi-Fi network performance by automatically adjusting settings and managing network traffic based on usage patterns and other factors. As more devices are added to home networks and more bandwidth is consumed by video streaming and other high-bandwidth applications, AI and ML technologies will become increasingly important for maintaining optimal network performance.
The increasing popularity of Wi-Fi 6 and 5G technologies is also expected to drive growth in the Wi-Fi booster market revenue. Wi-Fi 6 is the latest standard for Wi-Fi networks, offering faster speeds and improved performance compared to previous versions. Meanwhile, 5G networks promise to deliver even faster speeds and lower latency than Wi-Fi networks, making them an attractive option for home and business internet connectivity. However, 5G networks are not yet widely available, and Wi-Fi boosters are still needed to ensure reliable coverage in areas where the signal is weak.
Wi-Fi Boosters Market Segmentation
According to Ameco Research, the worldwide Wi-Fi boosters market is segmented by type, application, and component. By type, the market is divided into outdoor Wi-Fi, and indoor Wi-Fi. By application, the market is categorized into enterprise, and residential.
Based on the component, the market is bifurcated into services, and solution. The solution segment is expected to increase significantly in the global market in the coming years, according to the Wi-Fi boosters market forecast.
Wi-Fi Boosters Market Regional Outlook
The worldwide Wi-Fi boosters market is broken down into five regions: Latin America, North America, Asia-Pacific, Europe, and the MEA. As per the Wi-Fi boosters industry analysis, North America dominates the Wi-Fi booster market due to several factors. One of the key reasons is the high adoption rate of smart homes and internet-connected devices in the region. With the rise of smart homes, consumers require reliable and fast internet connectivity throughout their homes, and Wi-Fi boosters are a crucial tool for achieving this. North America also has a high number of large homes and buildings with multiple floors, which can create Wi-Fi dead zones and signal interference, further driving the need for Wi-Fi boosters.
Wi-Fi Boosters Market Companies
Some of the most notable worldwide Wi-Fi boosters market players are Aruba Networks, Alcatel-Lucent S.A., Cisco Systems, Inc., TP-Link, Ericsson, Motorola Solutions, Inc., Netgear, Inc., Juniper Networks, Ruckus Wireless, Inc., and D-Link Corporation.
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