Key Market Players in the Wi-Fi Market and Its Opportunities for growth

Posted on 2019-11-05 by MarketsandMarkets in Technology // 0 Comments

The Wi-Fi Market size was USD 4.60 Billion in 2018 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 as per a report by MarketsandMarkets.

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.

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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Key Market Players for Wi-Fi Market

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.

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