Updated date - Aug 22, 2019

[126 Pages Report] The Wi-Fi market accounted for USD 5.96 billion in 2016 and is projected to reach USD 15.60 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. The major factors driving the Wi-Fi market are growing adoption of BYOD among organizations, and rapidly increasing demand for wireless and smart devices.

Attractive opportunities in the Wi-Fi Market





Source: MarketsandMarkets Analysis

By solutions, the access point segment is expected to grow at the highest growth rate during the forecast period

Among solutions, the access point segment is expected to grow at a higher CAGR during the forecast period. The main function of the access point is to behave as a medium for transmitting wireless signals. Sometimes, multiple users can be connected via a single centralized access point. The shift in wireless standards, from 802.11n to 802.11ac, is changing the market expectations and enterprise requirements; it has benefited the companies in enhancing their performance level

By vertical, the sports and leisure segment to record the highest CAGR during the forecast period

Among the industry vertical segment, sports and leisure is expected to be one of the largest growing verticals in the Wi-Fi market, due to the widespread adoption of mobile devices in this sector. Businesses in the sports and leisure 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. The solutions not only customize the services but also provide the best deals to the customers.



North America to account for the largest market size during the forecast period.

North America is expected to contribute to the largest share of the global Wi-Fi market during the forecast period. The region has been dominated by sustainable and well-established economies that strongly invest in R&D activities, thereby contributing to the development of innovative technologies. Moreover, the Wi-Fi ecosystem includes several contributors, such as wireless service providers, network engineers, internet service providers, managed Wi-Fi service providers, and telecommunication providers, who have partnered with the key market players in the region. Furthermore, the need to deploy hotspots has enhanced, due to the increase in the usage of smartphones and tablets, and growth in internet dependency among customers. North America, especially the US, has the highest percentage of employees using smart devices at work, thereby supporting the BYOD initiative.

Market Dynamics

Governments� initiatives for smart city projects

Smart city models have stimulated tremendous development drivers for various technology vendors and the associated service providers. With increasing government initiatives and environmental campaigns taking center stage, technology providers and consultants have aggressively started simulating innovative solutions based on conceptual modules for urban infrastructure design and development. The successful implementation of smart city projects depends heavily on technologies: data communications, cloud, mobility, and sensors, which all together form IoT. The technologies lay the foundation for smart city projects. Fast developments in the technologies, in recent years, have enabled better connectivity of objects, resulting in the complete development of smarter ecosystems.

Security and privacy concerns to remain a major challenge for the Wi-Fi Market

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. Wi-Fi solutions and associated services, offer secure, reliable, and high-speed internet access. Any disruption to enterprise processes can have a significant effect on the entire business. As a result, several enterprises are reluctant to adopt Wi-Fi solutions and services.

Wi-Fi Market: Research Design



Source: MarketsandMarkets Analysis

Key Market Players

IBM (US), Broadcom (US), Micro Focus (UK), SmartBear Software (UK), Cygnet Infotech (India), SOASTA (US), Xamarin (US), , Oracle (US), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France).

Cisco is one of the key vendors in the global Wi-Fi market. The company invests heavily in R&D activities to innovate its products and solutions, increase its market offerings, and support its initiatives to build premium enterprise solutions, services, and software capabilities. The technologies offered by the company are revolutionizing products, companies, and industries across the globe and are expected to drive investments from other companies and government agencies. The company functions in a highly dynamic business environment and focuses on product transformations as per the market demands.

Scope of the Report

Report Metrics Details Market size available for years 2015�2022 Base year considered 2016 Forecast period 2017�2022 Forecast units Million (USD) Segments covered Component (solution and service), density, vertical and Region Geographies covered North America, Europe, APAC, MEA, and Latin America Companies covered IBM (US), Broadcom (US), Micro Focus (UK), SmartBear Software (UK), Cygnet Infotech (India), SOASTA (US), Xamarin (US), , Oracle (US), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France)

The research report categorizes the Wi-Fi market to forecast the revenues and analyze the trends in each of the following submarkets:

By Component

Solutions

Services

By Solutions

Access Points

WLAN Controllers

Wireless Hotspot Gateways

Others (Routers, Switches, Antennas, Repeaters, and Extenders)

By Service

Network Planning and Designing

Installation

Support

Survey and Analysis

By Vertical

Education

Healthcare

Retail

Transportation

Government

Manufacturing

Hospitality

Sports and Leisure

Others (BFSI, Oil and Gas, and Defense and Military)

By Region

North America

Europe

MEA

APAC

Latin America

Recent Developments

In November 2019, Huaweir launched 5G Mobile WiFi, a portable 5G modem offering connection speed of up-to 1.56 Gbps and internet speed of 867 Mbps

In November 2019, Honeywell announced production of IoT module �OneWireless� to support Cisco�s Catalyst IW6300 Heavy Duty Series Access Point

In November 2019, Emerson partnered with Cisco to introduce next generation industrial wireless network to augment data management within industrial environment

In January 2018, Huawei unveiled Huawei WiFi Q2, a hybrid whole home Wi-Fi system.

In January 2018, Alcatel-Lucent Enterprise signed a new strategic partnership with T-Systems to cater to the digital transformation needs of industrial, commercial, and retail customers.

AVAILABLE CUSTOMIZATIONS

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix that gives a detailed comparison of the product portfolio of each company

Geographic Analysis

Further breakdown of the North American Wi-Fi market into countries

Further breakdown of the European Wi-Fi market into countries

Further breakdown of the APAC Wi-Fi market into countries

Further breakdown of the MEA Wi-Fi market into countries

Further breakdown of the Latin American Wi-Fi market into countries

Company Information

Detailed analysis and profiling of additional market players

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