Wi-Fi Analytics Market: Get secure connectivity for IoT applications with Next Wireless Hit
Market Drivers for Wi-Fi Analytics
The driving factor for the global Wi-Fi analytics market is penetration of smartphone devices. Moreover, the increase in smart city initiatives by governments is expected to boost the market growth. Wi-Fi analytics provide secure connectivity for IoT (internet of things) applications such as smart homes, smart city, waste management etc. Increase in significance of data analytics in business is a key factor driving the Wi-Fi analytics market. Additionally, increasing product innovation and integration of additional functions by top companies in this market further increases the demand.
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However, issues related to data privacy are hampering the growth of the Wi-Fi analytics market. Furthermore, government regulations and policies are restraining the growth of the market.
Opportunities for the global Wi-Fi analytics market include adoption of IoT (Internet of things) across organizations.
Wi-Fi Analytics Market Segmentation
The global Wi-Fi analytics market is segmented on the basis of component, application, deployment type, end use vertical, location type, and geography.
Based on component, the market is categorized into services and solutions. The service component segment is estimated to expand at a higher rate during the forecast period. This is due to growing impact of customer analytics in retail businesses.
On the basis of application the Wi-Fi analytics market is segmented into customer loyalty management, footfall analytics, customer engagement, and customer analytics. On the basis of deployment type, the market is be segmented into cloud based deployment and on premise.
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In terms of end use vertical, the global Wi-Fi analytics market is sectioned into hospitality, transportation, healthcare, retail, government, education and others. It is expected that the retail segment will grow at a rapid rate due to the rise in usage of online marketing analytics to monitor customer navigation data.
Geographically, the global Wi-Fi analytics market is segmented into North America, Middle East & Africa, Asia Pacific, Europe, and South America.
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North America and Europe occupy the largest market share for Wi-Fi analytics. This is due to rapid adoption of emerging trends in internet connectivity. Additionally, countries in Asia Pacific such as Australia, China, and India see substantial growth in the global Wi-Fi analytics market owing to the presence of several industries, which are adopting Wi-Fi analytics solutions.
The market for Wi-Fi analytics is highly competitive in nature. The key players who offer Wi-Fi analytics services and solutions across the globe are Zebra Technologies, Ruckus Wireless, Inc., Skyfii Limited, Cloud4wi, Fortinet, Cisco Systems, Inc., Purple Wi-Fi, Euclid, Yelp, Walkbase, Aptilo Networks, July Systems Inc. and others.
The growth in this market is due to collaborative research initiatives, geographical expansions, new product development, and mergers & acquisitions. Companies are heavily investing in research and development for Wi-Fi analytics development to maintain competitiveness.
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