Li-Fi technology has the potential to make our wireless networks faster and more secure, but it has its own pros and cons. Here's what you need to know.

Research for Li-Fi has been around since the early 2000s. Alongside his team, German physicist Harald Haas founded this technology by discovering that light can be used for two-way data transmission.

Overall, Li-Fi technology will feature a lower latency than Wi-Fi. Energy efficient: Unlike Wi-Fi, which uses radio waves, Li-Fi technology uses light signals to transmit data.

Geographically, Europe led the global Li-Fi technology market in 2017 in terms of value. Additionally, APAC region is expected to witness the highest growth during the forecast period (2018-2028).

Li-Fi refers to visible light communications (VLC) technology, which delivers high-speed, bidirectional, networked mobile communications in a manner similar to Wi-Fi.