The global Wi-Fi Market is expected to reach USD 26 billion by 2026, according to a new report by Reports and Data. The growth of the Wi-Fi market is driven by an escalating increase in the demand for mobile devices such as smartphones, laptops, etc. has led to an increase in the implementation of IoT and BYOD trend across the organization, thereby making the organizations look up ways to set up smart infrastructure to improve their workforce efficiency and continuous increase in workflow.
An increasing demand for integrated security in IoT (expected to see huge growth in near future), cloud management and adoption of carrier Wi-Fi by mobile operators are other key factors likely to drive the market growth.
Co-channel contention may act as a restraint in this market as two or more radios using the same channel are backing off each other causing interference in process of data transmission. The progress of the market is restricted by strict government norms pertaining to the use of Wi-Fi.
North America is projected to occupy the largest share in the market with a market size of USD 2.72 billion in 2018 and is projected to continue its domination throughout the forecast period due to the extensive demand for Wi-Fi services and solution in the developed economies like US and Canada.
Cisco Systems, Vodafone, Aruba, Purple, Fujitsu, Mojo Networks, WiFi Sparks, Rogers Communication, Verizon, and Comcast Business, among others.are some leading companies operating in the global managed Wi-Fi market.
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The information and communication technology sector is expected to observe a robust revenue growth over the forecast period. Factors such as technological advancements in AI and robotics, increasing innovations, growing need for high data security, large data management are fueling market development. Availability of variety of devices such as computers, smartphones, softwares and growing usage of internet is boosting overall growth of the information and communication technology. In addition, growing adoption of IOT and cloud based systems, increasing demand for technologically advanced devices, and change in consumer preference are some significant factors fueling market growth.
Competitive landscape of global managed Wi-Fi market is quite fragmented with regional and global key players. They are often involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to sustain their market position and expand their product portfolio.
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Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The global market is further segmented into type and application:
Components Outlook (Revenue, USD Billion; 2016-2026)
- Solution
- Services
Networking Services Outlook (Revenue, USD Billion; 2016-2026)
- Network Security
- Network Planning and Designing
- Network Consulting
- Others
Infrastructure Services Outlook (Revenue, USD Billion; 2016-2026)
- Survey and Analysis
- Installation and Provisioning
- Others
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
- Large Enterprises
- Small and Medium Sized Enterprises
Vertical Outlook (Revenue, USD Billion; 2016-2026)
- Manufacturing
- IT Telecommunications
- Healthcare
- BFSI
- Education
- Retail
- Government and Public Sector
- Transportation and Logistics
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Key questions addressed in the global managed Wi-Fi market report:
- Wi-Fi managed services held a market share of ~53% in the year 2018. Increase in demand for professionals to handle the rising number of wireless internet users are fuelling the demand for the market.
- Managed Wi-Fi is a reliable and quick wireless service with several features to improve the company’s workforce performance and provide greater visitor engagement. Network consulting segment held a market share of ~26% in the year 2018.
- Enterprises opt to outsource Wi-Fi management from a different source only if they are sure that the management company will provide a secure and reliable network. Protection of confidential data and their employee’s privacy is paramount for the enterprise. Network security segment held a market share of ~29% in the year 2018.
- On the basis of infrastructure, installation, and provisioning held the largest market share of ~41% in the year 2018 and is forecast to have the highest growth rate of 15.4% during the period 2019-2026.
- Transportation and Logistics are increasingly adopting managed Wi-Fi services. The wireless technology finds several applications such as communication, tracking, inventory, distribution, and storage, among others in the transportation sector. Real-time tracking is crucial in this business. The segment held a market share of ~14% in the year 2018.
- Banking, financial services, and insurance require a very secure Wi-Fi connection to protect the highly confidential information regarding its clients. This sector is forecast to hold a market share of ~16% in the year 2026.
- North America held the largest market share of ~29% in the year 2018. The region is opting for managed Wi-Fi solution to improve their core business with quick and easy deployment, improved performance with limited CAPEX and minimum OPEX, thereby providing secure connectivity to their employees.
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