VANCOUVER, Washington, July 30, 2015 /PRNewswire/ --
According to a new market report, "Global Wi-Fi Market by Business (Model Indoor Wi-Fi, Outdoor Wi-Fi, Transportation Wi-Fi), Product (Access Points, WLAN Controllers, Wireless Hotspot Gateways, Others), Service, Vertical, Region- Global Forecast to 2020", published by MarketsandMarkets, The Wi-Fi Market size is expected to grow from USD 14.8 Billion in 2015 to USD 33.6 Billion by 2020, at an estimated CAGR of 17.8% from 2015 to 2020.
Browse 69 market data Tables and 71 Figures spread through 209 Pages and in-depth TOC on "Global Wi-Fi Market"
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The Wi-Fi Market is expected to show tremendous growth in the next 5 years. The hotspot 2.0 and 802.11c Wave 2 will offer great revenue generation opportunities for the Mobile Service Operators (MSOs). The usage of 802.11ac is becoming a common standard for service providers, mostly used for smart devices to connect with each other via Wi-Fi. The Wi-Fi standards are important for the internet service providers to maintain and understand its limits. The standards offer uninterrupted internet speed and service to the consumers. The upcoming changes and advancements in the wireless standards will only offer better internet experience to the consumers. Compared to the mature markets such as North America, the Asia-Pacific and Latin American regions are expected to grow at quite high rates in the next 5 years with Compound Annual Growth Rates (CAGRs) of 22.6% and 20.2%, respectively. The growth rate of the Wi-Fi Market in Asia-Pacific is propelled by factors such as high development in wireless and smart devices, increase in construction of smart highways and cities, increasing government participation and support, among others.
Major companies are collaborating with small and mid-sized enterprises to serve the customers with seamless Wi-Fi technology. AT&T, for example, serves Wi-Fi technology to McDonalds, Starbucks, FedEX, Hilton, and others. The top players also collaborate with stadiums and other big venues to deploy Wi-Fi services. Factors such as increase in usage of smart devices, demand for free public Wi-Fi hotspots, need to increase the ridership for public transportation, increase in investments in wireless technology, growth in smart education techniques, advancements in medical and healthcare sector, and growth in retail and hospitality due to wireless access for customers and others are driving the growth for the Wi-Fi Market. However, cyber attacks, wireless hackers, wireless security concerns, Wi-Fi coverage and speed issues, low after-sales services are holding the growth of the Wi-Fi market in North America.
In developing countries such as China, India, and Brazil, among others, the deployment and usage of Wi-Fi is increasing due to intervention and support of the government. The wireless hotspots for the citizens have been booming in these developing countries. Citizens in many countries such as the U.S. and Singapore, among others, have been offered municipality networks to stay connected and use this connectivity during any crisis or emergency situation. The local and regional police departments are benefiting from the city-wide municipality networks and hotspots deployed.
The companies in the Wi-Fi Market are thriving to offer the largest Wi-Fi network in various countries, starting with the U.S. and Canada. Various cities such as Boston, Chicago, Houston, and Philadelphia, among others, have municipality networks deployed on public transportations to increase the ridership and offer better travel experience to the public.
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