$10.88 Billion Managed Wi-Fi Market Size to Grow at 14.5% CAGR, Globally, by 2028 - Brandessence Market Research
LONDON, Dec. 7, 2022 /PRNewswire/ -- The Global Managed Wi-Fi Market is valued at USD 3.34 Billion in 2021 and is expected to reach USD 10.88 Billion by 2028 with a CAGR of 14.5% over the forecast period.
The Managed Wi-Fi Market all over the world has been growing continuously and is going to further grow in the coming years. This is a market which may be defined as the business solution which allows the outsourcing to a party which is involved in the designing, monitoring and maintenance of a Wi-Fi network. The managed Wi-Fi market has been seeing a continuous demand in these verticals like private, telecommunications and government organizations, education, IT services.
This Wi-Fi permits for the management of Wi-Fi remotely and offering the solutions that are cost-effective and provide an improved level of access through the high-speed bandwidth, customization in algorithms and other services which authorize the seamless roaming. This also includes the solutions and services which are going to begin from planning as well as designing of the services to provide the uninterrupted access of internet.
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Key Players -
- Wi-Fi Spark
- Verizon
- Purple
- Vodafone
- Comcast Business
- Fujitsu
- Megapath
- Aruba
- Cisco Systems
- Mojo Networks
- Ruckus Wireless
- AT&T
- Charter Communications
- CenturyLink
- Sprint
- Eastlink Suddenlink
- Others
Global Managed Wi-Fi Market Segmentation
By Component
- Solution
- Service
- Networking Services
- Network Security
- Network Auditing and Testing
- Network Planning and Designing
- Network Consulting
- Configuration and Change Management
- Infrastructure Services
- Survey & Analysis
- System Integration & Upgradation
- Installation & Provisioning
- Wireless Infrastructure Maintenance & Management
- Training & Support
By Organization Size:
- Large Enterprises
- SMEs
By End User Industry:
- IT & Telecommunication
- BFSI
- Retail & E-Commerce
- Healthcare
- Government & Defense
- Others
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The biggest driver of the managed Wi-Fi market is the rise in the demand in the services sector for instant, faster, and secure connectivity. This helps in system upgrades, integration, and enhancement of network efficiency. This is also going to manage the networks on any devices like the laptops, mobiles, computers that give the consumers access to the WLANs and hotspots. One of the biggest restraints of the managed Wi-Fi market in the world is the rise in the prices of electronic devices, smartphones and other secured connections and the lack of interconnectivity.
The pandemic has been impacting the world in a significant way as it is benefiting the market and creating demand because of the work from home situations which required the world to focus on the video calls and offices from Microsoft teams and Zoom calls which require higher data usage which creates demand for better and continuous Wi-Fi situation.
There is a major impact on the market which has been creating a hampering effect on the managed Wi-Fi market with the Russia-Ukraine war as there is a major disruption in the world and the ongoing ware has created a production delays and supply chains along with a stoppage in the communication and cyber activities. The services segment along with the solutions segment is going to dominate the market and this is going to be because of the number of applications that are required.
The government segment is growing the fastest. The work structure all over the world has been growing from paper form to digital form. The Asia Pacific segment is going to be the one which is growing the fastest with the acceptance of the technology in this segment at the highest and the growth in the urbanization and literacy rates all over the region in countries like China and India and Indonesia. This will help progress of the overall managed Wi-Fi market.
On Special Requirement Managed Wi-Fi Market Report is also available for below region:
North America
- U.S, Canada
Europe
- Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
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