Low Power Wi-Fi Conversion Market Share

North American Market Forecast

North America low power Wi-Fi conversion market is expected to garner the largest revenue share during the forecast period amounting to 42%. The region has experienced a surge in digitalization initiatives, which can be attributed to the government's efforts to promote technological advancement. Additionally, the region boasts a strong presence of major market players, which has further accelerated the pace of digital innovation. This has resulted in a transformation of the region's economic landscape, with businesses and individuals alike embracing digital solutions for their day-to-day operations.

APAC Market Statistics

Asia Pacific low power Wi-Fi conversion market is estimated to witness noteworthy growth, Due to the increasing prominence of small and medium-sized enterprises and the growing penetration of the internet and smart devices, the market for these businesses is on the rise. For example, in 2020, there were over 69 million small and medium-sized organizations operating in Southeast Asia, accounting for about 98% of the total businesses in the region. Furthermore, the improvement in mobile and broadband infrastructure is also expected to boost the market growth in the region.