Information Communications Media Technology Market News

Research delivers insight into the Global outdoor WI-FI market to reach USD 63.25 billion by 2023

IT Market Research

Increasing Demand For Internet Of Things And Penetration Of Internet Enabled Gadgets and Growing Investments In Smart City Projects Globally are expected to generate demand for Global Outdoor Wi-Fi Market Till 2023.

The global outdoor Wi-Fi market was valued at USD 28.51 billion in 2017, and it is projected to reach a value of USD 63.25 billion by the end of 2023, at a CAGR of 14.20% over the forecast period, 2018-2023. Several wireless applications have been envisaged with wireless internet technology, which can be used for the provision of mobile and wireless applications and services.

Further, the popularity of these services is growing rapidly, along with technologies such as Internet of Things and social networking, therefore, boosting the market. The public and private Wi-Fi ecosystems have clearly expanded over the last few years.