Some of the players operating in the global Wi-Fi analytics market are Purple Wi-Fi, Euclid, Skyfii, July Systems Inc., Fortinet Technologies India, Yelp, Cisco Systems, Inc., Cloud4Wi, Inc., Zebra Technologies, Ruckus Wireless, Inc., Weblib and Aptilo Networks.
Pune, India -- (SBWIRE) -- 06/13/2019 -- The increasing global internet penetration is likely to enable growth in the global Wi-Fi analytics market finds Fortune Business Insights in a report, titled "Wi-Fi Analytics Market Size, Share and Global Trend By Deployment (On-Premise & Cloud-Based), By End User (Retail, Hospitality and others), By Applications (Marketing &, Advertising, Customer Behaviour and Security Management, Customer Engagement and Experience Management) and Geography Forecast till 2025." The public hotspot projects are expected to grow from US$ 64 million in 2015 to US$ 432 million in 2020. The global Wi-Fi analytics market is likely to get considerably from this growth.
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The report classifies the global market based on various segments. Among regions North America held a considerable share in the market in 2017. Rising adoption of Wi-Fi analytics software in the region is expected to contribute towards market expansion. Additionally, in the region the U.S. exhibits a stronghold and is likely to witness promising growth. Owing to high adoption of Wi-Fi services in establishments such as hotel, restaurant, airport, and others is likely to propel growth. Besides this, implementation of free Wi-Fi spots across the region is expected to increase the adoption of Wi-Fi analytics app and software. Europe also holds a major share in the global market, owing to the high adoption of digitalization in the region.
The Wi-Fi analytics market in Asia Pacific is anticipated to progress at a relatively higher CAGR. The rising adoption of Wi-Fi solution among organizations is likely to fuel the demand in the market. Moreover, increasing demand and adoption of smartphone in nations such as India and China is expected to increase the growth rate in the market.
Higher Adoption of Social Media to Bolster Growth Opportunities
Consumers are gradually shifting towards online platforms. This, coupled with the rising adoption of e-financial services, is favoring the growth of the global market. Furthermore, social media has acted as game changer, it has gained a lot of attention and users. This is anticipated to fuel the demand for Wi-Fi service and solution.
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Governments across some nations such as India have adopted innovative strategies to facilitate high speed Wi-Fi and data services. The Indian Government is offering License Free-Spectrum to enable higher adoption of low rate data plans. This is further expected to propel growth in the global Wi-Fi analytics market.
Lack of proper network infrastructure and slow Internet penetration in undeveloped nations are a few factors that may restrain the global market.
Purple Adopting Innovative Strategies to Gain Higher Share
The global Wi-Fi analytics market is expanding at an impressive pace. Existing players are adopting innovative strategies to lead the global market. Some players are emphasizing on product launch. For instance, Purple launched an innovative solution with five access pointer or less in 2018. The solution was offered to business for free of cost to enhance the Wi-Fi service. Some of the players operating in the global Wi-Fi analytics market are Purple Wi-Fi, Euclid, Skyfii, July Systems Inc., Fortinet Technologies India, Yelp, Cisco Systems, Inc., Cloud4Wi, Inc., Zebra Technologies, Ruckus Wireless, Inc., Weblib and Aptilo Networks.
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