Wi-Fi Market report provides detailed synopsis about opportunities, competitive landscape, emerging technologies, key trends and dynamics.
Northrook, IL -- (SBWIRE) -- 11/28/2019 -- The Wi-Fi Market size is estimated to grow from USD 5.96 Billion in 2017 to USD 15.60 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2%, as per a report by MarketsandMarkets.
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Why opportunities exist as demand increases for carrier Wi-Fi?
The increasing demand for carrier Wi-Fi is one of the crucial opportunities present in the Wi-Fi market. The carrier-grade Wi-Fi market is evolving at a rapid pace, as large volumes of wireless traffic are generated from smartphones and tablets via Wi-Fi networks. Many major telecom operators are investing heavily in the carrier Wi-Fi market, as the cost involved in implementing the service is much less compared to the other services. With the advent of technologies, such as BYOD and IoT, most of the telecom providers are focusing on gaining huge benefits from carrier-grade Wi-Fi. The carrier Wi-Fi model also provides several additional benefits, such as tracking and packaging, as compared with the Wi-Fi model. Carrier Wi-Fi providers track and analyze mobile and web data traffic to increase their revenue by offering the most suitable data and web access packages to their subscribers. Any vendor can implement carrier Wi-Fi; for instance, consider the example of a smartphone user who is connected to a telecom network leveraging the LTE/4G network spectrum.
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How security and privacy concerns keep posing a challenge?
Data privacy is one of the major concerns faced by several organizations. Due to the tremendous rise in data volumes, enterprises seek better security and privacy protection, which will protect the network and secure it from online threats, such as corporate surveillance, data breaches, and data espionage. With an increase in the number of systems, many security and privacy issues have come up, and every endpoint, gateway, sensor, and smartphone has become a potential target for hackers. Since the WLAN network provides access to various smart devices, security is a major factor that needs to be considered while deploying Wi-Fi networks. Wi-Fi solutions and associated services, in the scenario, offer secure, reliable, and high-speed internet access. Any disruption to enterprise processes can have a significant effect on the entire business.
The rapid adoption of Wi-Fi technology is expected to make North America the largest region in market.
North America consists of developed economies, the US and Canada. In this region, Wi-Fi solutions and services are gaining traction within the businesses. The region's strong financial position also enables it to invest heavily in the Wi-Fi technology. These advantages have provided North American organizations a competitive edge in the market. Moreover, the region has the presence of several major Wi-Fi vendors. Therefore, there is strong competition among the players. The number of enterprises adopting Wi-Fi solutions and services is quite high in North America as compared to the other regions.
The major vendors offering Wi-Fi Market solutions and services across the globe include Cisco (US), Aruba (US), Ruckus Wireless (US), Juniper Networks (US), Ericsson (Sweden), Panasonic (Japan), Huawei (China), Alcatel-Lucent Enterprise (France), Netgear (US), Aerohive Networks (US), and Riverbed Technology (US). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the Wi-Fi market.
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