Telecoms Leads Generation

Openet Forge - The Digital Engagement Platform

As Wi-Fi Market Poised to Reach $49 billion by 2020, Li-Fi to Grow at 61.3% in Next 5 Years

Clock 6 months ago
(0 votes)
As Wi-Fi Market Poised to Reach $49 billion by 2020, Li-Fi to Grow at 61.3% in Next 5 Years Image Credit: pureLiFi

The increasing shift to Wi-Fi and Li-Fi from wired networks will enable many new business models. With the evolution of standards of networking and need of service providers, the applicability of Wi-Fi and Li-Fi technologies will change and move toward the use of IoT, Big Data, and analytics.

According to Infoholic Research,  global market research and consulting company, implementation of Wi-Fi is becoming ubiquitous, and nearly 70–80% of the internet users will adopt this technology.

Li-Fi technology is still under innovation and has just made inroads in commercial industries, which is expected to boost the market in the next 5–10 years. Wi-Fi and Li-Fi, being wireless technologies, help organizations to reduce the cost, increase the productivity & bandwidth, and offer secure & reliable connection, said the company.

The Li-Fi market is expected to grow at a CAGR of 61.3% during the forecast period 2016–2022 to touch an aggregate of $11,202.6 million by 2022. During the same period, the Wi-Fi market is expected to grow at a CAGR of 15.0% to touch an aggregate of $49.10 billion.

In terms of verticals, indoor networking, defence & communication security, and aerospace (in-flight operations) play a primitive role in Li-Fi market mainly due to the technology innovation, smart/connected devices penetration, and growing IoT trend. The indoor networking market is expected to grow at a CAGR of 60.0% during the forecast period.

Prasanth, Research Analyst, Infoholic Research
At present, most of the enterprises are shifting from wired connection to Wi-Fi connection due to the requirement of reliable & secure connection, increasing productivity & flexibility, and high-speed connections. Moreover, in the digital era, organizations are looking for innovative technology, which provides high-speed internet connection. This impact will improve the Li-Fi market in the next 5-6 years.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn, Facebook 

PREVIOUS POST

340 million Public WiFi Hotspots by 2018, 'Wi-Fi First' Trend Emerging

NEXT POST

GSMA: 4G to Exceed 50% of Mobile Connections in Europe by 2020, to Cover 83% Population

COMMENTS

NFV Playbook

Join the Banter

Like us on Facebook

Follow us on Twitter