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Wi-Fi 6 Market worth $20.9 billion by 2028 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 8, 2023 /PRNewswire/ — Broader adoption of Wi-Fi 6 in homes and businesses, integration with 5G networks, support for the development of IoT, support for cutting-edge applications like AR and VR, improved security features, a potential switch to Wi-Fi 6E for more spectrum, and ongoing device evolution to support the newest standards are all factors that will shape the market in the years to come. Its development will also be influenced by factors like market dynamics and newly emerging standards.

The Wi-Fi 6 Market is estimated at USD 5.7 billion in 2023 to USD 20.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 29.3%, according to a new report by MarketsandMarkets™. Wi-Fi 6 supports advanced features like Target Wake Time (TWT) and Basic Service Set (BSS) Coloring, enabling more precise indoor location services. This capability serves opportunities in retail, healthcare, and other sectors that rely on location-based data for enhanced customer experiences or asset tracking which is boosting Wi-Fi 6 Market.

Browse in-depth TOC on “Wi-Fi 6 Market
339 – Tables
52 – Figures
298 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=174384441

Scope of the Report

Report Metrics

Details

Market size available for years

2019-2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD) Billion

Segments covered

Offering (Hardware, Solutions, and Services), Location Type, Application, Vertical, and Region

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Companies covered

Cisco Systems Inc. (US), Qualcomm Technologies Inc. (US), Broadcom Inc (US), Intel Corporation (US), Huawei technologies (China), NETGEAR Inc (US), Juniper Networks Inc (US), Extreme Networks Inc. (US), Ubiquiti Inc. (US), Fortinet Inc. (US), Aruba Networks (US), NXP Semiconductors (Netherlands), AT&T (US), D–Link Corporation (Taiwan), Alcatel Lucent Enterprise (France), TP–Link Corporation Limited (China), MediaTek Inc. (Taiwan), Telstra (Australia), Murata Manufacturing Co., Ltd. (Japan), and many more.

 

By Application, HD video streaming and video conferencing segment is estimated to account for the largest market share in 2023.

Wi-Fi 6 is used in video streaming to deliver video content to users over the internet. Wireless technology allows devices to communicate with each other without the need for a physical connection. Wi-Fi is a wireless technology that uses radio waves to transmit data. Wi-Fi 6 is essential for video streaming because it enables users to watch video content on any device with an internet connection. This includes smartphones, tablets, laptops, and smart TVs.

By Hardware, system on chip is expected to register the fastest growth rate during the forecast period.

A Wi-Fi System-on-Chip is a single chip that integrates all the necessary components for a Wi-Fi device. This includes the Wi-Fi radio, processor, memory, and other components. Wi-Fi SoCs enable a more compact and efficient design and improved performance and power efficiency. They are used in a variety of devices, such as smartphones, tablets, laptops, and smart home devices.

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Asia Pacific is expected to have the highest growth rate

Businesses in the Asia Pacific region, particularly in industries like IT, telecom, retail, and healthcare, are showing strong optimism and awareness about the benefits of Wi-Fi 6. This positive attitude contributes to the region’s growth of the Wi-Fi 6 industry, with more commercial clients adopting reliable Wi-Fi 6 solutions and services. The advancements in technology in the Asia Pacific region, combined with the increasing trend of using Wi-Fi solutions, are expected to bring further benefits to the Wi-Fi market. Several countries in the region, including China, Japan, South Korea, and Australia, have designated a spectrum for Wi-Fi 6 use, enabling wireless service providers to offer faster speeds and better performance to their customers by rolling out Wi-Fi 6 networks.

Top Key Companies in Wi-Fi 6 Market:

The major vendors covered in the Wi-Fi 6 Market include Cisco Systems Inc. (US), Qualcomm Technologies Inc. (US), Broadcom Inc (US), Intel Corporation (US), Huawei technologies (China), NETGEAR Inc (US), Juniper Networks Inc (US), Extreme Networks Inc. (US), Ubiquiti Inc. (US), Fortinet Inc. (US), Aruba Networks (US), NXP Semiconductors (Netherlands), AT&T (US), D–Link Corporation (Taiwan), Alcatel Lucent Enterprise (France), TP–Link Corporation Limited (China), MediaTek Inc. (Taiwan), Telstra (Australia), Murata Manufacturing Co., Ltd. (Japan), Sterlite Technologies Limited (India), Renesas Electronics (Japan), H3C Technologies Co., Ltd. (China), Keysight Technologies (US), LitePoint (US), Rohde & Schwarz (Germany), Cambium Networks, Ltd. (US), Senscomm Semiconductors Co., Ltd. (China), XUNISON (Ireland), Redway Networks Ltd. Company (England), VSORA SAS (France), WILUS Inc. (South Korea), Federated Wireless, Inc. (US), Actiontec Electronics (US), ADB Global (Switzerland), SDMC Technology (China), and Edgewater Wireless (Canada).

Recent Developments

  • In April 2023, Halford partnered with Juniper Networks to provide AI-driven wired and wireless access solutions in its stores, garages, and offices.
  • In February 2023, Cisco and Federated Wireless collaborated to integrate Automated Frequency Coordination (AFC) solution into its wireless 6 GHz-capable access points.
  • In December 2022, Skyworks partnered with Broadcom to deliver power efficiency for Wi-Fi 6/6E devices.

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Wi-Fi 6 Market Advantages:

  • Higher data rates were added by Wi-Fi 6 to enable quicker wireless connections. This was especially useful in settings where there were plenty of gadgets.
  • In congested locations like stadiums, airports, and conference centres, Wi-Fi 6 increased the ability to manage several devices at once. To divide channels into smaller sub-channels and enable more effective bandwidth sharing among devices, it utilised technologies like OFDMA (Orthogonal Frequency Division Multiple Access).
  • Wi-Fi 6 worked better in settings with many connected devices because it used channels and sub-channels more effectively. For the expanding number of Internet of Things (IoT) devices, this was essential.
  • Wi-Fi 6 generally had better range than earlier generations, albeit it wasn’t a huge improvement. Improvements in signal encoding and modulation methods were to blame for this.
  • Target Wake Time (TWT), a function introduced by Wi-Fi 6, lets devices set when to wake up and talk with the access point. Since real-time applications like online gaming and video conferencing require low latency and low energy usage, this had a positive impact.
  • Wi-Fi 6 has security protocol updates that increase its resistance to many forms of attacks. Wi-Fi Protected Access 3 (WPA3) offered more robust encryption and improved defence against brute-force assaults.
  • To enable compatibility with prior Wi-Fi standards, Wi-Fi 6 devices were created to be backward compatible. This allowed them to function with Wi-Fi equipment already in use. As new gadgets were introduced, this made the move easier.
  • Wi-Fi 6 proved advantageous in both business and residential settings. Businesses might profit from enhanced performance in packed offices, and households with numerous gadgets might benefit from increased connectivity and less disturbance.

Report Objectives

  • To determine and forecast the global Wi-Fi 6 Market by offering (hardware, solutions, and services), location type, application, vertical, and region from 2023 to 2030, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa.
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Wi-Fi 6 Market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Wi-Fi 6 Market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Wi-Fi 6 Market.
  • To profile the key market players; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
  • Track and analyze competitive developments in the market, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.

Browse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting

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5G Security Market – Global Forecast to 2027

Mobile Device Management Market– Global Forecast to 2027

Voice Assistant Application Market – Global Forecast to 2026

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessinsg the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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China Targets Crypto Crimes in Metaverse & Blockchain

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The Supreme People’s Procuratorate (SPP) of China is targeting cybercriminals using blockchain and metaverse platforms for illegal activities amid rising online fraud and personal data infringement.

Deputy prosecutor-general Ge Xiaoyan reported a 64% year-on-year increase in cybercrime-related telecom fraud charges. While blockchain crimes are rising, traditional offenses like gambling and counterfeiting have also expanded into cyberspace. Charges for internet theft rose 23% while online counterfeiting surged 86%.

Between January and November, prosecutors pressed charges against 280,000 individuals in cybercrime cases, up 36% versus last year and constituting 19% of all criminal offenses.

Zhang Xiaojin, director of the SPP’s Fourth Procuratorate, warned citizens about investment scams in crypto, noting the rise of crimes using metaverse, blockchain, and binary options platforms. He said digital currencies have become hotspots for illicit activities.

China’s crackdown on crypto crimes differs from Hong Kong’s crypto-friendly regulations that aim to protect investors without stifling innovation. The People’s Bank of China stressed the need for coordinated global crypto regulation in its latest report.

In 2021, China officially banned crypto transactions and mining but remains a major mining hub despite the crackdown. The SPP aims to strengthen inter-departmental coordination in curtailing crypto adoption and cybercrimes involving digital assets.

Source: Crypto Times

The post China Targets Crypto Crimes in Metaverse & Blockchain appeared first on HIPTHER Alerts.

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Crypto Headlines of the Week: ECB Slams Bitcoin, Nigeria Blocks Exchanges

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The European Central Bank (ECB) has once again lashed out at Bitcoin, claiming that the recent approval of spot BTC ETFs changes nothing.

The central bank’s officials said Bitcoin’s fair value is zero, and the latest boom will spark massive collateral damage.

They claimed Bitcoin falls short in generating cash flow or other value-based returns, making it a poor investment.

While the ECB’s skepticism towards Bitcoin is not new, Nigeria is also growing skeptical of digital assets and crypto exchanges.

In an effort to crack down on currency speculation while the naira tumbles to record lows, Nigeria has ordered telecom companies to restrict consumer access to the websites of companies like Binance, Coinbase, and Kraken.

Here are this week’s important crypto stories:

ECB Slams Bitcoin Again
The European Central Bank (ECB) has reiterated its position on Bitcoin, stating that the approval of spot ETFs for the cryptocurrency does not change its unsuitability as a means of payment or investment.

“We disagree with both claims and reiterate that the fair value of Bitcoin is still zero,” the central bank wrote.

ETF approval for Bitcoin – the naked emperor’s new clothes (ECB Blog)

Kraken Files to Dismiss SEC Lawsuit
Crypto exchange Kraken has filed a motion to dismiss a November lawsuit from the Securities and Exchange Commission that accuses the firm of failing to register with the agency and commingling customer funds. The exchange contended that the SEC’s enforcement action came as retaliation for political speech.

Kraken moves to dismiss SEC lawsuit, citing retaliation from ‘a politically compromised agency’ (Fortune)

Nigeria Blocks Major Crypto Exchanges
Authorities in Nigeria have blocked access to some of the world’s largest cryptocurrency exchanges as the government tries to crack down on currency speculation while the naira tumbles to record lows.

On Wednesday, the country’s telecom regulator ordered telecom companies to restrict consumer access to the websites of companies like Binance, Coinbase, and Kraken.

Nigeria blocks access to crypto exchanges in an effort to curb currency slide (The Financial Times)

FTX Cleared to Sell Stake in AI Startup
A US judge has ruled that bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic.

US Bankruptcy Judge John Dorsey in Wilmington, Delaware, approved FTX’s proposal to sell the shares after FTX reached a compromise in court with a group of FTX customers that had opposed the sale.

Crypto exchange FTX to sell shares in AI startup Anthropic (Reuters)

Jack Dorsey’s Block Gains Big From Bitcoin Bet
Fintech company Block has reported a remeasurement gain of $207 million on its Bitcoin holdings. As of December 31, 2023, Block held approximately 8,038 BTC for investment purposes with a fair value of $340 million.

The Jack Dorsey-owned company made $66 million in gross profit on bitcoin sales last quarter through Cash App, a banking services platform, representing a 90% increase year over year.

Jack Dorsey’s Block Is Sitting on $207M Gain on Its Bitcoin Bet (CoinDesk)

Reddit Now Holds Bitcoin
Social media platform Reddit has revealed investments in Bitcoin and Ethereum using some of its excess cash reserves. This was included in the SEC filings as part of its preparations for the company’s initial public offering (IPO).

Still, the exact amount invested in these leading cryptocurrencies remains undisclosed.

Reddit says it invested ‘excess cash reserves’ in Bitcoin, ether (Blockworks)

Crypto Super PAC Continues to Raise Funds
Crypto-friendly super PAC Fairshake received $6.8 million in funding last month, including $4.9 million from Gemini co-founders Cameron and Tyler Winklevoss. Fairshake has quickly become one of the most popular super PACs for crypto-friendly donors this election cycle.

Crypto Super PAC Fairshake Raised $6.8 Million From Winklevoss Twins and VCs in January (Decrypt)

Major ETF Issuers Talk About Crypto in Miami Conference
The discussion on the spot Bitcoin ETFs was the most well-attended panel of the entire Exchange ETF Conference in Miami Beach, Florida, so much so that the staff ran out of the headphones attendees were provided with to listen to the speakers.

Crypto no longer outsider at famed Miami Beach ETF conference (Fox Business)

Retail Investors Were Behind Recent Crypto Rally
Retail investors were likely responsible for the strong crypto market rally in February, JPMorgan said in a recent research report.

The bank said that the anticipation of “the bitcoin halving event, the next major upgrade of the Ethereum network, and the prospect of approval of spot ether ETFs by the SEC in May” attracted retail participation.

JPMorgan Sees Retail Traders Jump Back Into Crypto Markets in February (Bloomberg)

South Korean Province Collects $4.6M in Crypto Tax
South Korea’s most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders. Using a new system, the province found 5,910 people who owed more than $2262 each. The $4.6 million collected so far has been from only 2,390 people last year.

South Korean province implements digital system to track tax evaders’ crypto (Cointelegraph)

The Bottom Line
The ECB has reiterated its critical stance on Bitcoin, despite the recent approval of spot Bitcoin ETFs, maintaining that Bitcoin’s intrinsic value remains at zero. Meanwhile, Nigeria is taking steps to limit cryptocurrency engagement amid concerns over financial stability.

Source: Techopedia

The post Crypto Headlines of the Week: ECB Slams Bitcoin, Nigeria Blocks Exchanges appeared first on HIPTHER Alerts.

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Bolstering Native Food Markets Through Blockchain

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The Allan Labor Government is helping to bolster the native foods industry by supporting Traditional Owners with new options to track and sell native foods through blockchain.

Around 70 native foods business practitioners attended the inaugural First Nations Native Food Blockchain Workshop at Healesville last week.

The workshop was delivered by the RMIT Blockchain Innovation Hub in partnership with Agriculture Victoria and the Federation of Victorian Traditional Owners Corporation (FVTOC).

Over two days, the workshop explored the potential for blockchain technology to support positive outcomes for Victorian Aboriginal native food businesses. The workshop also focused on ways in which blockchain can support and uphold Indigenous Cultural Intellectual Property rights for Victorian Traditional Owners.

Blockchain technology offers new abilities for data management and governance by enabling decentralised and tamper-resistant storage. It enables new and unique ways to further enable Aboriginal self-determination and data sovereignty for First Nations people within the native foods and botanicals industry.

The technology also offers a secure and transparent system for tracking product authenticity, with the ability to store and manage traditional knowledge and stories.

This workshop aligns with the objectives of the Traditional Owner Native Food and Botanicals Strategy, developed by the FVTOC and the Victorian Government in 2021, which laid out a plan to create a strong, authentic and sustainable bushfood sector.

Quote attributable to Minister for Agriculture Ros Spence

“This workshop provides more ways to help ensure Victorian Aboriginal native food businesses are equipped with the skills and technology they need to thrive.”

Quote attributable to Minister for Treaty and First Peoples Natalie Hutchins

“This is a great example of Aboriginal businesses coming together to drive a strong and sustainable native food industry and promote economic development.”

Quotes attributable to Gunditjmara Elder Professor Richard J Franklin

‘Blockchain unveils promising pathways for Aboriginal data sovereignty and community empowerment, crucial for uplifting our communities and ensuring improved outcomes.” “I am enthusiastic about the possibilities that blockchain holds, particularly within the native food and botanicals industry. Technology must be one of the many spearpoints we use in charting toward a tomorrow Australia.”

The post Bolstering Native Food Markets Through Blockchain appeared first on HIPTHER Alerts.

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