Dublin, June 07, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Worldwide Wireless Fidelity (Wi-Fi) and Light Fidelity (Li-Fi) Market - Drivers, Opportunities, Trends, and Forecasts: 2016-2022" report to their offering. The Wi-Fi and Li-Fi markets are estimated to witness a CAGR of 15.0% and 61.3%, respectively during the forecast period 2016-2022
The Wi-Fi market is analyzed by deployment mode, products, services, verticals, and regions. The Li-Fi market is analyzed by components, verticals, and regions. Increasing productivity, high speed, reliable & secure communication, and flexibility are the main reasons to switch to wireless Wi-Fi and Li-Fi technology. The Li-Fi market is emerging and being developed, which would likely lead to an increase in the adoption of Li-Fi in the next 5-7 years.
Wired networks incur gamut components for installing internet connection. It not only surges cost, but with the components such as switches, hubs, and Ethernet cables, whole frame drives in multiple complexities. To overcome such challenges, Wi-Fi has become a great alternative. This technology implements high-frequency radio waves instead of wired networks. Similar to Wi-Fi, another technology Li-Fi has emerged that uses visible light communication instead of radio signals. Li-Fi delivers high-speed in a much more secure way that even the latest Wi-Fi advancements cannot offer. Li-Fi allows 100 times faster data transmission than Wi-Fi, making it more competent. The Americas is set to be the leading region for the Wi-Fi and Li-Fi market growth followed by Europe and Asia Pacific for the adoption of technologies. Asia Pacific is known for improvements in infrastructure and IT investments by MNCs. Thus, the region will have enormous potential for Wi-Fi connections. MEA is set to be the emerging region with a lot of opportunities and is expected to reach $4.09 billion (Wi-Fi) and $827.9 million (Li-Fi), respectively by 2022. The major verticals covered in the report are IT & telecom, education, healthcare, BFSI, retail, aerospace (in-flight operations), traffic management, underwater applications, and indoor networking. Globally, the industry players are showing interest towards Wi-Fi and Li-Fi technology. The Wi-Fi technology is already being incorporated and is widely accepted in IT & telecom, education, and healthcare sectors due to the organization's shift towards wireless ecosystem. The indoor networking segment is set to be the leading vertical for Li-Fi technology. The market revenue for indoor networking and traffic management is expected to reach $654.2 million and $5,509.4 million, respectively by 2022. pureLiFi, IBSENtelecom, Alcatel-Lucent, Ericsson, Hewlett-Packard Enterprise (HPE), Cisco, Lucibel, Ruckus Wireless, GE Lighting, Renesas Electronics Corp., LIGHTBEE, Velmenni, and Oledcomm S.A.S. Key Topics Covered: 1 Industry Outlook 2 Report Outline 3 Market Snapshot 3.1 Total Addressable Market (TAM) 3.2 Segmented Addressable Market (SAM) 3.2.1 Wi-Fi Market 3.2.2 Li-Fi Market 3.3 Related Markets 3.3.1 Wired Communication 3.3.2 Unified Communication 4 Market Outlook 4.1 Introduction 4.2 Market Definition 4.3 Evolution of Wireless Network Technologies 4.4 Li-Fi 4.4.1 Architecture of Li-Fi 4.4.2 Li-Fi Advantages and Disadvantages 4.5 Architecture of Wi-Fi 4.6 Wi-Fi versus Li-Fi 4.7 Porter 5 (Five) Forces 5 Market Characteristics 5.1 Wireless Protocols of Data Transition 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Network speed 5.2.1.2 Increasing productivity 5.2.1.3 Increasing demand for wireless devices 5.2.1.4 Cost effective 5.2.2 Restraints 5.2.2.1 Network Coverage 5.2.2.2 Security concerns 5.2.2.3 Lack of knowledge 5.2.3 Opportunities 5.2.3.1 New business opportunities for SMEs 5.2.3.2 Increase in investment 5.2.3.3 Smart Infrastructure 5.2.4 DRO - Impact Analysis 6 Wi-Fi Market 6.1 Deployment Mode 6.1.1 Indoor Wi-Fi 6.1.2 Outdoor Wi-Fi 6.1.3 Transportation Wi-Fi 6.2 Products 6.2.1 Access Points (APs) 6.2.2 Wireless Local Area Network (WLAN) Controllers 6.2.3 Wireless Hotspot Gateway 6.2.4 Others 6.3 Services 6.3.1 Network Planning and Design 6.3.2 Installation 6.3.3 Support 6.3.4 Others 6.4 Verticals 6.4.1 IT & Telecom 6.4.2 BFSI 6.4.3 Healthcare 6.4.4 Education 6.4.5 Retail 6.4.6 Public Sector 6.4.7 Others 6.5 Regions 7 Li-Fi Market 7.1 Components 7.1.1 LED 7.1.2 Microcontrollers 7.1.3 Photodetectors 7.2 Verticals 7.2.1 Underwater Applications 7.2.2 Aerospace (In-flight operations) 7.2.3 Education 7.2.4 Healthcare 7.2.5 Traffic Management 7.2.6 Defence & Communication Security 7.2.7 Indoor Networking 7.2.8 Others 7.3 Regions 8 Vendor Profiles 8.1 pureLiFi 8.2 IBSENtelecom Ltd. 8.3 Alcatel-Lucent SA 8.4 Ericsson 8.5 Hewlett-Packard Enterprise (HPE) 9 Global Generalist 9.1 Cisco System Inc. 9.2 Lucibel 9.3 Ruckus Wireless, Inc. 9.4 GE Lighting 9.5 Renesas Electronics Corp 10 Companies to Watch for 10.1 LIGHTBEE 10.2 Velmenni 10.3 Oledcomm S.A.S 11 Competitive Landscape 11.1 Overview 11.1.1 Alcatel-Lucent 11.1.2 Ericsson 11.1.3 Aruba, a Hewlett Packard Enterprise 11.1.4 pureLiFi 11.1.5 IBSENtelecom Ltd. For more information about this report visit http://www.researchandmarkets.com/research/k7gpjn/worldwide
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