The global Wi-Fi market reached around USD 36.42 Billion in 2024. The market is projected to grow at a CAGR of 12.40% between 2025 and 2034 to reach nearly USD 117.22 Billion by 2034.
Base Year
Historical Period
Forecast Period
The number of connected Internet of Things (IoT) devices worldwide has surpassed an impressive milestone of 14 billion.
China is at the forefront of global internet usage, boasting an estimated 1.05 billion users. Approximately 74.36% of the population in China engages with the internet.
Around 67% of the global population, equating to 5.4 billion individuals, is currently connected to the internet.
Compound Annual Growth Rate
12.4%
Value in USD Billion
2025-2034
*this image is indicative*
| Global Wi-Fi Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 36.42 |
| Market Size 2034 | USD Billion | 117.22 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 12.40% |
| CAGR 2025-2034 - Market by Region | Latin America | 12.8% |
| CAGR 2025-2034 - Market by Country | India | 13.4% |
| CAGR 2025-2034 - Market by Country | Saudi Arabia | 13.1% |
| CAGR 2025-2034 - Market by Application Type | Outdoor | 12.9% |
| CAGR 2025-2034 - Market by Density | High-Density Wi-Fi | 13.2% |
| Market Share by Country 2024 | Brazil | 3.1% |
By the conclusion of 2023, the number of connected Internet of Things (IoT) devices reached 16.6 billion, reflecting a 15% increase compared to 2022. Projections indicate a further growth of 13%, resulting in an anticipated total of 18.8 billion devices by the end of 2024. By 2030, the number of connected IoT devices is expected to rise to approximately 40 billion.
In 2023, three-quarters of overall Wi-Fi-enabled devices shipped globally were equipped with the latest Wi-Fi 6 and Wi-Fi 6E technologies, which offer enhanced speed and reliability over the previous Wi-Fi 5 standard. The implementation of these technologies has significantly improved communication efficiency among IoT devices, thereby enhancing user experiences and overall system performance. Wi-Fi technology is at the forefront of IoT connectivity in various sectors, including smart homes, commercial buildings, and healthcare. Additionally, Wi-Fi 7 began shipping in 2024 and is projected to represent 7% of IoT-related Wi-Fi shipments.
According to the "2023 Ericsson Mobility Report," it is projected that by the end of 2029, global 5G subscriptions will reach 5.3 billion, representing approximately 58% of the total mobile subscriptions worldwide at that time. The growth of 5G networks is significantly contributing to the expansion of Wi-Fi, as it complements and enhances overall connectivity. With 5G facilitating faster speeds and reduced latency, it often operates alongside Wi-Fi to deliver a seamless and reliable internet experience.
Increasing demand for fast connectivity, expansion of smart homes, growing adoption of IoT devices, and the expansion of 5G networks are the major trends impacting the global Wi-Fi market expansion
The rapid proliferation of internet-connected devices in recent years has transformed the way we live, work, and communicate. From smartphones and tablets to smart home appliances and wearable technology, the number of devices that rely on internet connectivity continues to grow at an unprecedented rate, surging the demand for Wi-Fi solutions.
The increasing popularity of smart homes and the Internet of things (IoT) necessitates the development of more advanced and dependable Wi-Fi networks. These technologies demand high-speed and stable connections to operate efficiently.
The widespread adoption of smartphones, tablets, and laptops has significantly transformed the way people interact with technology and access information. As these devices have become integral to daily life, the demand for reliable and high-speed Wi-Fi networks has surged.
The deployment of 5G technology marks a significant advancement in mobile communication, offering faster data speeds, lower latency, and greater capacity compared to its predecessors. As 5G networks become more widespread, they often work in conjunction with existing Wi-Fi networks to enhance overall connectivity.
The rapid expansion of Internet of Things (IoT) devices and intelligent technologies necessitates the development of sophisticated Wi-Fi networks. These devices depend on dependable, high-speed connections, which, in turn, increases the demand for the latest Wi-Fi standards, such as Wi-Fi 6 and Wi-Fi 7, to effectively handle the growing data traffic and the density of connected devices.
The increasing prevalence of data-heavy applications, including 4K streaming, online gaming, and virtual reality, further amplifies the need for high-performance Wi-Fi solutions. Such applications require enhanced speeds and expanded network capacity, thereby driving progress in Wi-Fi technology.
The EMR’s report titled “Global Wi-Fi Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering
Market Breakup by Application Type
Market Breakup by Density
Market Breakup by Region
| CAGR 2025-2034 - Market by | Country |
| India | 13.4% |
| Saudi Arabia | 13.1% |
| Canada | 12.8% |
| China | 12.6% |
| Mexico | 12.6% |
| USA | XX% |
| UK | 12.2% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| Germany | 11.8% |
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Latin America is projected to grow at a CAGR of 12.8% during the forecast period of 2025-2034 due to the growing internet and fixed broadband penetration in the region, coupled with the increasing number of connected devices.
Major players are focusing on the adoption of advanced technologies to gain a competitive edge in the market.
Cisco Systems Inc., established in 1984, is based in California, United States. The company specialises in the development, manufacturing, and sales of networking hardware, software, telecommunications equipment, and various high-technology services and products.
Hewlett Packard Enterprise Company was founded in 1939 and is headquartered in Texas, United States. The company has positioned itself as a leader in the IT sector, focusing on providing innovative solutions that span the entire spectrum of technology, from edge computing to cloud services.
Commscope Holding Company Inc. was established in 1976 and is based in North Carolina, United States. The organisation specialises in the design, manufacturing, installation, and support of hardware infrastructure and software solutions that facilitate the interaction and growth of the digital society.
Juniper Networks, Inc., established in 1996, is based in Sunnyvale, California. The organisation specialises in the development and marketing of networking solutions, which encompass routers, switches, network management software, network security products, and software-defined networking technologies.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the market are Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Fortinet Inc., Ubiquiti Inc., Motorola Solutions Inc., and Cloud4Wi, Inc., among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market attained a value of nearly USD 36.42 Billion.
The market is assessed to grow at a CAGR of 12.40% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 117.22 Billion by 2034.
The market is being driven by the expansion of the 5G network across the globe and the proliferation of IoT devices.
The key trends aiding the market expansion include the expansion of smart homes and the growing usage of mobile devices.
The major application types of Wi-Fi are indoor and outdoor.
The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, among others.
The major players in the market are Cisco Systems Inc., Hewlett Packard Enterprise Company, Commscope Holding Company Inc., Juniper Networks, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Fortinet Inc., Ubiquiti Inc., Motorola Solutions Inc., and Cloud4Wi, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by Application Type |
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| Breakup by Density |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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