GLOBAL WI-FI CHIPSET MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Wi-Fi Chipset Market Analysis:

The Global Wi-Fi Chipset Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 4.4% during the projected period of 2022 to 2027. The proliferation of smartphones worldwide has led to an increase in the usage of Wi-Fi technology. Additionally, governments across the globe are investing in smart cities with public Wi-Fi networks to support service industries such as education and healthcare. These factors have resulted in a surge in Wi-Fi usage in homes, offices, and public spaces, thereby driving the sales of Wi-Fi chipsets. Customers are increasingly preferring Voice-Over Mobile Broadband (VOMBB) over traditional telecom carriers due to its superior audio quality, lower cost, and power-saving capabilities, thereby fueling the demand for Wi-Fi services worldwide.

As per the Organisation for Economic Co-operation and Development survey, the number of households with a computer is expected to rise to 1,262.47 million by 2025. Such a significant increase in computer adoption presents a lucrative opportunity for market players to expand their Wi-Fi chipset product portfolio, establish their presence in different regions, and augment their market share.

As the number of connected devices continues to grow exponentially, consumers are increasingly focused on the value of information. With multiple sources of information at their disposal, consumers are becoming increasingly reliant on mobile devices and the Internet. Retailers are recognizing the benefits of supporting customers in gathering information and building customer relationship management systems through Facebook pages, e-mails, and location-based marketing. Moreover, merchants are leveraging in-store Wi-Fi to engage with customers and enable them to make informed purchasing decisions. The advent of mobile devices has transformed consumers’ shopping habits, with mobile users reading options and reviews, checking product availability, accessing interactive store maps, viewing discounts and loyalty offers, and making online purchases using their mobile devices.

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