Carrier Wi-Fi Market size is growing at a fast rate due to the increasing adoption of IoT and 5G applications along with the rising advent of smart cities
Sellbyville, DE -- (SBWIRE) -- 01/08/2019 -- Asia Pacific is considered the strongest region of growth in the carrier Wi-Fi market due to an increase in the number of mobile subscriptions in countries including India and China. There is also a rise in the demand for smartphones in this region, paving new growth opportunities for the telecom operators. The rate of requests for proposals from various mobile operators is increasing with countries including China, Indonesia, and India, driving the growth. Furthermore, the government has also taken strategic steps such as digitalization and smart cities initiative, which has a positive effect on the market growth. The U.S. is also projected to grow at a fast rate due to the growth in data and the fluctuating network traffic in this region.
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Carrier Wi-Fi technology is also being used by the operators worldwide to enable cloud-based applications and meet the high bandwidth requirements driving the market growth. It delivers various features such as scalability, wide area mobility, network management, carrier-grade security, and fewer service interruptions, driving its adoption in the market. It is also considered as a cost-effective solution in deploying public hotspots in various restaurants, public places, and university campuses, accelerating the internet penetration rate in developing nations.
Despite the strong inclination of the operators toward the carrier Wi-Fi market, there are still certain issues, which may limit their growth. There are a set of crucial technologies such as enhanced tools for managing Wi-Fi hotspots that are considered as a key requirement for the high-volume deployments of this solutions. A shortage of these tools acts as a critical parameter, hampering the market growth.
The carrier Wi-Fi market has penetration into software such as network management, network monitoring & intrusion prevention, and network performance analytics. The network management software is projected to hold the highest market share as it offers various benefits to the mobile operators such as reduced power usage, service flexibility, and enhanced service environment including location-based & data analytics services, accelerating the market demand.
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The carrier Wi-Fi market solutions are adopted in various application verticals including BFSI, IT & telecom, healthcare, energy, government, education, and transportation. The market is witnessing a huge adoption rate from the IT & telecom and financial service sectors due to a growth in the SIM-based Wi-Fi access points that provide a closer integration between the mobile network and Wi-Fi. Companies operating in these industries are also innovating advanced solutions to deliver an enhanced customer experience and gain a competitive edge in the market. For instance, in October 2017, Nokia introduced a new carrier Wi-Fi for in-home solutions. This new solution will provide gigabyte coverage to the entire home, eliminating the interfaces and dead zones.
The carrier Wi-Fi market is fragmented with the existence of a substantial number of players. Some of the major players present in the market are Airspan, Alcatel-Lucent, Cisco Systems, Aruba Networks, ADTRAN, BelAir Networks, Ericsson, Hewlett-Packard, Motorola Solutions, and Ruckus Wireless.
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