INDORE, India, November 7, 2016 /PRNewswire/ -- Li-Fi (Light Fidelity) market is growing with a CAGR of 103% owing to high degree of security such as Li Fi technology is almost impossible to hack. Security benefits of Li-Fi market is pushing its application in automotive, aerospace, healthcare, underwater communication and many others. The growing demand for the connected devices across the globe is also driving the growth of the market on the global front. In 2015, about 3.5 billion units of connected devices such as smart phones, tablets and others were sold across the globe. Due to such huge demand for connected devices, the data traffic is expanding significantly, global mobile data traffic is amounted to around 4 Exabyte per month. The location based services hold the largest market share of around 25% owing to enhance shopping experience of consumer by providing precise location information. North America holds the largest revenue share of about 35% in global Li-Fi market in 2015. The North American share is attributed by growing data traffic in the region. In 2015, the mobile data traffic in North America was around 558,000 terabytes which is expected to rise to 3,208,000 terabytes by 2020 in North America. Thus the growing data traffic is one of the main factors which is uplifting the global Li-Fi market. (Logo: http://photos.prnewswire.com/prnh/20161024/431641LOGO) To have a brief overview of the report please click on the following linkhttp://www.occamsresearch.com/Li-Fi-MarketSafer andfasterdatatransfer: The Trend Setter The Li-Fi technology growing with lucrative growth rate in the forecasted period 2016-2022. The growth is mainly attributed by the growing demand for the faster data transmission due to growing demand for connected devices in the global market. It is projected that by the end of 2020 the number of connected device is expected to reach around 4 billion. The growing number of connected devices is increasing the data traffic in the global market. It is estimated that by the end of 2020, the mobile data traffic will increase 10 times by a CAGR of about 60%. The Li-Fi technology enables the transmission speed at 1-10 gbps whereas the other technology such as Wi-Fi provide transmission at 54-250 mbps which is much higher in Li-Fi technology. Apart from greater connectivity and high speed transmission the Li-Fi technology ranges in 10 meters, whereas the Wi Fi ranges 20-100 meters. Thus, the range of such technology is one of the major factors which may restrain the growth of the global Li-Fi (light fidelity) market.