Market Analysis on Li-Fi Technology

Abstract

Emergence of new industries from evolving technologies is critical to the global economy. Internet of thing is a boom to IT industry. A succession of LED market has advanced the technology with Li-Fi as one of the emerging technology. Lightning speed and security of Internet has fascinated many researchers towards Li-Fi. Li-Fi provides speed of 224Gbps. LEDs are installed in almost each and every town of the world and installing a micro chip with these LEDs can convert each light source into Data source which can lead to transmission of data. In Li-Fi, light emitting diode is used in order to emit the data which gives us more speed and flexibility than the Wi-Fi technology. Innovations like Li-Fi make this planet a greener as well as more secure and economical way of communication. In this paper, an attempt has been made to prove how bigger and better is the market of the Li-Fi technology.