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$19.72 Billion Wi-Fi Chipset Market by IEEE Standards, Band, MIMO Configuration, Product Category & Geography - Global Forecast to 2022 - Research and Markets

[April 06, 2017]

$19.72 Billion Wi-Fi Chipset Market by IEEE Standards, Band, MIMO Configuration, Product Category & Geography - Global Forecast to 2022 - Research and Markets

Research and Markets has announced the addition of the "Wi-Fi Chipset Market - Global Forecast to 2022" report to their offering.

The Wi-Fi chipset market was valued at USD 15.89 billion in 2016 and is expected to reach USD 19.72 billion by 2022, at a CAGR of 3.5% between 2017 and 2022.

The connected devices ownership across the world is expected to grow at a significantly high rate during the forecast period and is attributed to the growth of Internet of Things (IoT). The enormous growth of connected devices is likely to increase the congestion over the mobile network during the forecast period. To tackle this situation the adoption of Wi-Fi hotspot solutions by communication service providers and network operators is expected to rise significantly in the coming years.

Mobile Network Operators (MNOs) are now considering the advatage of the unlicensed spectrum and Wi-Fi as part of their mobile strategy. In the coming years, the MNOs with a combination of licensed spectrum and Wi-Fi would offer a wide coverage of data service and at the highest profit margin. This in turn is expected to increase the Wi-Fi chipset market during the forecast period.

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