Wi-Fi 6 Market Trends

Growth Drivers

• Surging Number of IoT Connected Devices - There are more than 13 billion connected IoT devices worldwide. By 2030, there are projected to be about 24 billion IoT devices worldwide. Businesses may function more intelligently and productively owing to this unparalleled connection, which is also revolutionizing sectors including manufacturing with its use of machine learning and autonomous operations. However, it was previously challenging to satisfy these criteria with a single technology. Hence, Wi-Fi 6 is a proving solution to this challenge which is why its popularity is growing. Wi-Fi 6 ensures connectivity indoors, in public spaces and connected structures, and in underserved areas where 5G is significantly less successful. It does this by offering improved performance, reduced latency, and quicker data rates. In conclusion, a variety of characteristics and capabilities provided by Wi-Fi 6 technology may assist in optimizing IoT performance in a variety of contexts, ranging from large-scale companies to private residences.
• Rising Number of Employees Working Remotely  - Reliable and fast internet connectivity is becoming more and more necessary as the practice of hybrid working—where workers work both in-office and remotely—continues to expand. The sophisticated characteristics of Wi-Fi 6 render it an excellent choice for meeting the needs of hybrid work settings. For distant workers, Wi-Fi 6 ensures seamless connectivity with more network capacity, quicker data rates, and better performance in crowded places. In order to safeguard confidential company data, it also provides improved security measures. The Wi-Fi 6 market is expanding as a result of businesses adopting hybrid work patterns, which increase the need for Wi-Fi 6 devices to modernize outdated infrastructure and provide dependable and effective wireless access.
• Growing Spending on Smart Cities - From more than 80 billion US dollars in 2018 to over 188 billion dollars in 2023, it has been projected that globally technology investment in smart city initiatives will more than double between 2018 and 2023. As a result, the market demand for wifi 6 is also projected to rise. 

Challenges

• Growing Privacy & Security Concern - Concerns about data security and privacy present serious obstacles that call for preventative action. The possibility of illegal access to private data is one of the main obstacles. Hackers have the ability to collect and exploit data transferred across WiFi networks in the absence of appropriate authentication and encryption procedures, resulting in financial losses and data breaches. Furthermore, the spread of Internet of Things (IoT) devices in corporate settings creates new security holes since these gadgets might not have strong security safeguards in place and could act as entry points for hackers. In this case, high-speed, secure internet connection is provided by Wi-Fi systems and related services. Enterprise process disruptions have a big impact on the whole company. Consequently, a number of businesses are hesitant to implement Wi-Fi services and solutions.
• Growing C0-Channel Interference
• Absence of Compatibility - Both the client devices and the access points must support Wi-Fi 6 in order to upgrade. As a result of this, customers may embrace Wi-Fi 6 more slowly as they wait for Wi-Fi 6-compatible devices to become more widely available or for their current equipment to become outdated.