Wi-Fi Market Growing at High CAGR by 2022

(IT-NEWSWIRE.COM, June 21, 2019 ) 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 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"

https://www.marketsandmarkets.com/Market-Reports/global-wi-fi-market-994.html

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)

• 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.

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.

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 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.

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Wi-Fi Market Growing at High CAGR by 2022