Global Wi-Fi Analytics Market to Reach $31.01 Billion by 2026: Says, AMR

Increase in the deployment of public Wi-Fi, proliferation of mobile phones, rise in investments on Wi-Fi analytics, and growth in adoption of big data analytics drive the growth of the global Wi-Fi analytics market. Moreover, based on region, the market across North America held largest market share in 2018 and is expected to lead the trail throughout the forecast period.


Portland, OR , Dec. 09, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Wi-Fi analytics market was estimated at $5.64 billion 2018, and is expected to reach $31.01 billion by 2026, manifesting a CAGR of 23.8% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, top investment pockets, key segments, major winning strategies, product performance, and competitive scenario.

Increase in the deployment of public Wi-Fi, proliferation of mobile phones, rise in investments on Wi-Fi analytics, and growth in adoption of big data analytics drive the growth of the global Wi-Fi analytics market. On the other hand, the lack of standardized regulatory compliance across the world impedes the market growth. Nevertheless, rise in adoption of Internet of Things and mobile-connected smart objects are expected to usher an array of opportunities for the market players in the near future.

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Covid-19 Scenario-

  • The outbreak of Covid-19 has led to increased funding for Wi-Fi analytics, owing to the trend of work-from-home, online classes, and stay-at-home.
  • The demand for cloud-based web conferencing solutions has also mounted up, due to which the demand for WI-Fi analytics has witnessed a hike as Wi-Fi services providers offer cheaper data plans compared to other equivalents.

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The global Wi-Fi analytics market is segmented on the basis of component, deployment, application, industry vertical, and region. Based on component, the software segment dominated the market with largest share in 2018, contributing to three-fourths of the global market. On the other hand, the service segment is estimated to manifest the fastest CAGR of 26.3% during the forecast period.

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Based on industry vertical, the market is divided on the basis of retail, hospitality, sports and entertainment, transportation, healthcare and others. The retail segment held the largest share in 2018, accounting for more than one-fourth of the global market. However, the sports & entertainment segment is projected to portray the fastest CAGR of 25.9% during the forecast period.

The global Wi-Fi analytics market is analyzed across various regions including Asia-Pacific, Europe, North America, and LAMEA. The North America region held the lion’s share in 2018, with more than one-third of the market. On the other hand, the market across Asia-Pacific is projected to showcase the fastest CAGR of 26.3% during the forecast period.

The key market players in the report include Cisco Systems Inc., Fortinet, Aruba, SkyFii, Blix, Ruckus Networks, Purple, Cloud4Wi, Yelp Wi-Fi Inc., and GoZone WiFi.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

 

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