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

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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 The Fast Mode's editor and content director. Ray has covered the wireless industry as a writer for more than 10 years, focusing on technology and business aspects of the telecoms sector. Ray can be reached at ray.sharma(at)thefastmode.com. Follow Ray at linkedin.com/in/raysharma10

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