Press release
Major Market Shift in Managed Wi-Fi Solutions Industry: Managed Wi-Fi Solutions Providers Embrace Automation Platforms For Market Advancement
What Is the Forecasted Market Size and Growth Rate for the Managed Wi-Fi Solutions Market?In recent times, the market size for managed wi-fi solutions has seen a staggering increase. The size of the market, which sits at $6.52 billion in 2024, is predicted to surge to $7.53 billion in 2025, marking a compound annual growth rate (CAGR) of 15.5%. Key drivers behind the historic growth include the necessity for optimizing network performance, escalated regulatory stipulations for data protection and network security, increased deployment of public wi-fi, and a global uptick in digital transformation.
In the coming years, the managed wi-fi solutions market is anticipated to experience rapid expansion, inflating to $13.26 billion by 2029, with a compound annual growth rate (CAGR) of 15.2%. The growth projected for this period is due to a surge in demand for high-speed internet, an increase in the number of connected gadgets, the spread of Internet of Things (IoT) devices, escalated adoption of services based on cloud technology, and a rise in the uptake of mobile payment systems. Progress in wi-fi technology, coupling with smart building systems, the deployment of 5G technology and its integration, eco-friendly technology solutions, and the incorporation of AI and machine learning are some notable trends expected to be seen in the forecast period.
What Factors Are Propelling the Expansion of the Managed Wi-Fi Solutions Market?
The increasing need for swift internet connections is projected to stimulate the expansion of the managed Wi-Fi solutions market. Swift internet connectivity is characterized by higher upload and download speeds compared to conventional dial-up connections. The surge in requirements for fast internet arises from a greater dependence on digital services, streaming, teleworking, as well as the proliferation of smart technologies. Managed Wi-Fi solutions augment swift internet connectivity by offering improved network functioning, uninterrupted coverage, and effective management for steady and dependable access. As per the Office of Communications (Ofcom), a government agency based in the UK, in March 2023, the average download speed for domestic broadband connections in the UK rose by 10%, reaching 65.3 Mbit/s, compared to March 2022. Thus, the escalating demand for swift internet connectivity is anticipated to fuel the expansion of the managed Wi-Fi solutions market.
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Which Businesses Are at the Forefront of Managed Wi-Fi Solutions Market Development?
Major companies operating in the managed Wi-Fi solutions market are Verizon Communications Inc., Comcast Business, AT&T Inc., Vodafone Group Plc, Fujitsu Limited, Infineon Technologies AG, Rogers Communications Inc., Reliance Jio Infocomm Limited, Arista Networks Inc., Atria Convergence Technologies, Tata Communications Limited, Ruckus Wireless, Bharti Airtel Limited, Telesystem, Connectivity Wireless, bSimplify., LM Technologies Ltd, LG Networks Inc., Wroffy Technologies Pvt Ltd, Purple, Signellent Technologies India Pvt. Ltd.
What Are the Latest Innovations in the Managed Wi-Fi Solutions Market?
Top-tier corporations in the managed Wi-Fi solutions sector are striving to create innovative solutions, such as automation platforms, to carve a niche for themselves in this competitive market. These platforms serve as software systems or structures tailored to automate recurring tasks and processes in an organization, eliminating the need for human intervention by incorporating various tools and enhancing efficiency. For instance, in March 2024, Airties, a French company specializing in managed Wi-Fi solutions, introduced Orbit- a continuous test automation platform. This platform has been developed to streamline the incorporation and rollout of smart Wi-Fi technologies for broadband service providers, customer premises equipment (CPE) manufacturers, and system-on-chip (SoC) suppliers. Orbit caters to the industry's demand for reliable data precision and performance examination across diverse combinations of Wi-Fi chipsets, embedded software, and hardware. It also allows broadband operators and their suppliers to constantly validate tested data during software alterations and firmware updates, resolve recurring Wi-Fi performance glitches, and expedite the market entry for managed Wi-Fi deployments through self-certification.
How Is the Managed Wi-Fi Solutions Market Segmented?
The managed wi-fi solutionsmarket covered in this report is segmented -
1) By Component: Solutions, Services
2) By Networking Services: Network Auditing And Testing, Network Consulting, Configuration And Change Management, Network Security, Network Planning And Designing
3) By Infrastructure Services: Survey And Analysis, Installation And Provisioning, Wireless Infrastructure Maintenance And Management, System Integration And Upgradation, Training And Support
4) By Industry Vertical: Information Technology (IT) And Telecommunications, Retail, Banking, Financial Services, And Insurance, Government And Public Sector, Healthcare, Transportation, Logistics, And Hospitality, Other Industry Verticals
Subsegments:
1) By Solutions: Wi-Fi Access Points, Wi-Fi Controllers, Wi-Fi Management Software, Wi-Fi Gateways, Wi-Fi Repeaters and Extenders
2) By Services: Wi-Fi Network Design and Implementation, Wi-Fi Network Management and Monitoring, Wi-Fi Network Optimization, Wi-Fi Security Services, Technical Support and Maintenance Services
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Where Is the Managed Wi-Fi Solutions Market Growth Most Prominent?
North America was the largest region in the managed Wi-Fi solutions market in 2024. The regions covered in the managed Wi-Fi solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Managed Wi-Fi Solutions Global Market Report?
- Market Size Analysis: Analyze the Managed Wi-Fi Solutions Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Managed Wi-Fi Solutions Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Managed Wi-Fi Solutions Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Managed Wi-Fi Solutions Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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