The major factors driving the Wi-Fi market are growing adoption of BYOD among organizations, and rapidly increasing demand for wireless and smart devices.
Northbrook, IL -- (SBWIRE) -- 11/24/2020 -- According to a research report "Wi-Fi Market by Component (Solutions (Access Points and WLAN Controllers) and Services (Network Planning and Design)), Density (High-Density Wi-Fi and Enterprise-Class Wi-Fi), Vertical, and Region - Global Forecast to 2022", The Wi-Fi market is expected 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% during the forecast period. The proliferation of mobile devices and rapidly growing adoption of BYOD and IoT within enterprises are some of the major factors expected to drive the growth of the Wi-Fi market.
Browse 93 market data Tables and 35 Figures spread through 126 Pages and in-depth TOC on "Wi-Fi Market - Global Forecast to 2022"
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=994
The network planning and design segment is expected to hold the largest market size during the forecast period.
Network planning and design services are executed to maximize the ROI. The network planning and design service is an important part of the Wi-Fi value chain/ecosystem. The operators or service providers should go through proper analysis of their requirements before deploying any wireless network; moreover, there are various decisions to be made by service providers before finalizing the deployment.
The sports and leisure vertical expected to grow at the highest CAGR during the forecast period
The digitalization of businesses has revolutionized the Wi-Fi market space for various verticals. The sports and leisure vertical encompasses the public spaces visited by people to relax or spend leisure time. It includes various facilities, such as stadiums, parks, museums, zoos, movie theaters, casinos, and theme parks. Businesses in this vertical often have to deal with large crowds. In the competitive space, where enterprises follow the sophisticated strategy of maximizing revenue-generating opportunities, Wi-Fi services offer a huge advantage.
Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=994
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 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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra.
630 Dundee Road,
Northbrook, IL 60062