In recent years, there has been a surge in the adoption of Li-Fi technology on a global scale. Li-Fi, short for Light Fidelity, is a wireless communication technology that uses light to transmit data, offering faster speeds and greater security compared to traditional Wi-Fi. The widespread adoption of Li-Fi can be attributed to several key factors that have set the stage for its exponential growth in the predicted timeframe.

Li-Fi Market: Size, Share, Trends, Growth & Forecast to 2030
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Li-Fi Market: Size, Share, Trends, Growth & Forecast to 2030

The global Li-Fi market was valued at USD 312.12 million in 2022 and is expected to grow at a CAGR of 36.76% during the forecast period (2023-2030).