Global Wi-Fi IoT Market to Reach $3.2 Billion by 2030, Driven by Demand in Key Sectors

The Wi-Fi IoT market is expected to reach $3.2 billion by 2030, driven by increasing demand in healthcare, retail, and manufacturing. Key players are expanding to cater to this growth, with non-critical IoT applications better suited for non-cellular private networks.

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Israel Ojoko
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Global Wi-Fi IoT Market to Reach $3.2 Billion by 2030, Driven by Demand in Key Sectors

Global Wi-Fi IoT Market to Reach $3.2 Billion by 2030, Driven by Demand in Key Sectors

The global Wi-Fi IoT market is expected to reach $3.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 18.7%, according to a new report from ResearchAndMarkets.com.

The growth is being driven by increasing demand for Wi-Fi IoT solutions in healthcare, retail, enterprise, manufacturing, and government sectors.

The report highlights that mission-critical use cases are fueling the growth of private IoT connections in key industrial markets like manufacturing, logistics, and transportation, where customers are eager to digitalize critical applications with high-powered, dedicated networks.

However, non-mission-critical IoT use cases are better suited for non-cellular private network technologies such as Wi-Fi, private LoRaWAN, or DECT-2020 NR, which can support large device densities and low-power, low-payload communications.

Why this matters: The rapid growth of the Wi-Fi IoT market has significant implications for businesses and industries worldwide. As more sectors embrace IoT solutions, it will drive innovation, efficiency, and competitiveness across the global economy.

The Asia-Pacific (APAC) region is expected to witness the highest growth in the Wi-Fi IoT market. Key players in the market are focusing on expanding manufacturing facilities, R&D investments, and leveraging integration opportunities to cater to the increasing demand and ensure competitive effectiveness.

The report emphasizes that the ideal private network connectivity technology will depend on the criticality of the IoT use case, but all major IoT verticals are expected to see healthy growth in private cellular IoT connections from 2025 to 2030. While mission-critical industrial IoT applications require ultra-reliable connectivity and are better suited for private cellular networks, non-mission-critical IoT use cases can be addressed by non-cellular private network technologies.

The Wi-Fi IoT market is segmented by component (hardware, solutions, services), application (industrial IoT, commercial IoT, smart home), and end-use (healthcare & life sciences, retail, enterprise, manufacturing, government). The growing need for Wi-Fi in portable electronics, the expanding use of BYOD and IoT in enterprises, and the rising demand for IoT cloud management and integrated security are cited as major drivers for this market.

Key Takeaways

  • Wi-Fi IoT market to reach $3.2B by 2030, growing at 18.7% CAGR.
  • Driven by demand in healthcare, retail, enterprise, manufacturing, government.
  • APAC region expected to witness highest growth in Wi-Fi IoT market.
  • Non-mission-critical IoT uses better suited for non-cellular private networks.
  • Key drivers: portable electronics, BYOD, IoT cloud management, integrated security.