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Wireless Fidelity (Wi-Fi) and Light Fidelity Li-Fi technologies are more demanding in recent time. There are huge business opportunities available to help new players enter the market and to collaborate with big companies to provide various products and services. Particularly for Li-Fi technology, the new start-up market is coming up with advanced products, services and solutions in the market and is expected to double in the next 5 to 7 years. In this space, cooperation and mergers and acquisition laws are expected to continue.To understand the networking environment, the report Wi-Fi and Li-Fi markets is underlined. The report speaks about the mode, products, services, components, circles and regions deployed for both Li-Fi and Wi-Fi. In the direction of adoption of main stakeholders in the next 5-7 years, information about major trends, drivers, investments, vertical player initiatives and government initiatives can be found. Furthermore, this report gives details of the major challenges that will affect market growth.
As per research report, 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.
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Wired networks have a semicolon component to install Internet connection. This does not only increase the cost, but also runs the entire frame in multiple complexes, including components such as switches, hubs, and ethernet cables. To overcome such challenges, Wi-Fi has become a great option. This technology uses high-frequency radio waves rather than a wired network. Similar to Wi-Fi, another technology has emerged from Li-Fi, which uses visible light communication instead of radio signage.
Like Wi-Fi, another technology has emerged from Li-Fi which uses visible light communication instead of radio signals. Li-Fi offers high speed security, which cannot even make progress on the latest Wi-Fi. Li-Fi offers more than 100 times more data transmission than Wi-Fi, which makes it more efficient.
The market revenue for indoor networking and traffic management is expected to reach $654.2 million and $5,509.4 million, respectively by 2022.
The study of report cover major boards covered in IT and telecommunication, education, healthcare, BFSI, retail, aerospace (in-flight operations), transport management, underwater applications and indoor networking. Globally, industry players are showing interest in Wi-Fi and Le-Fi technologies. Wi-Fi technology is already being included and IT and Telecom.
The field of education and healthcare has been widely accepted because of the organization's shift towards wireless ecosystem. The in-in networking segment will be the leading leader in Li-Fi technology.
The America 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.
The key players cover in the report are pureLiFi, IBSEN telecom, Alcatel-Lucent, Ericsson, Hewlett-Packard Enterprise (HPE), Cisco, Lucibel, Ruckus Wireless, GE Lighting, Renesas Electronics Corp., LIGHTBEE, Velmenni, and Oledcomm S.A.S.
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