The Managed Wi-Fi Solutions Market is gaining traction due to the rapid increase in the deployment of public Wi-Fi across physical venues. Furthermore, an increasing demand for high-speed and widespread network coverage is also a major factor contributing to the growth of managed Wi-Fi solutions market. MarketsandMarkets forecasts the global managed Wi-Fi solutions market size to grow from USD 3.07 billion in 2017 to USD 6.11 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period.
Vendors of managed Wi-Fi solutions and services provide remotely managed services offering secure and reliable Wi-Fi connectivity to guests, commercial users, students, and employees. Furthermore, these solutions and services actively manage and provision network access for mobile devices, and enable guests to self-register for securely accessing hotspots and corporate WLANs. The trending cloud managed Wi-Fi model is gaining traction, as it removes the complexity of deploying a Wi-Fi network by provisioning, monitoring, managing, and troubleshooting the entire Wi-Fi network through a single web dashboard or mobile application.
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The global managed Wi-Fi solutions market size is expected to grow from USD 3.07 billion in 2017 to USD 6.11 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. The need for public Wi-Fi at hotels, stadiums, and airports is a driving factor for managed guest Wi-Fi solutions and services, thereby attributing to the overall growth of the managed Wi-Fi solutions market.
The number of Wi-Fi-enabled devices and players in the market has also grown exponentially in line with the evolution of the Wi-Fi technology. With the advancements in this technology, Wi-Fi analytics, location tracking, and social and guest Wi-Fi are also gaining traction, thereby boosting the growth of the managed Wi-Fi solutions market. Managed Wi-Fi solutions and services are instrumental in removing the burden of day-to-day WLAN operations and free up the core IT team to focus on internal business operations.
Transportation, Logistics, and Hospitality vertical is expected to be the fastest growing vertical in the managed Wi-Fi solutions market during the forecast period.
The transportation, logistics, and hospitality vertical is at the forefront in adopting managed Wi-Fi solutions and associated services, as these solutions and services provide reliable, cost-effective, and central management of the WLAN network. The wireless technology has enhanced the operations of various industry functions, such as distribution and storage, inventory, communication, and tracking. Real-time product tracking and vehicle location is important in the transportation and logistics vertical. Similarly, the hospitality vertical witnesses intense competition among the enterprises to capture major market shares. Good Wi-Fi connectivity is necessary in the hospitality vertical, for customers to visit a hotel or restaurant. Reliable managed Wi-Fi solutions and services provide consistent, cost-effective, and centrally managed networking that enables the hotel or restaurant staff to easily manage Wi-Fi networks. Cloud-managed Wi-Fi helps manage and monitor the staff and ensures better end-user services are delivered to the clients through analytics and reporting.
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Networking Services segment is expected to grow at the highest CAGR during the forecast period.
Networking services play a vital role in the managed Wi-Fi ecosystems by managing the networking components of a Wireless Local Area Network (WLAN). They extend the scope of Local Area Network (LAN)/WLAN network management, network planning, designing, and network consulting. These services enhance the enterprise networks by assessing the network health on virtualized enterprises’ environment, prior to deployment. In addition, these services offer reliable network management, network testing, and security, thereby boosting the overall network efficiency.
Major players in the managed Wi-Fi solutions market include Cisco Systems (US), Fujitsu (Japan), Vodafone (UK), Verizon (US), Ruckus Wireless (US), Aruba (US), Mojo Networks (US), and Purple (England). These leading players have adopted various growth strategies, such as partnerships, collaborations, agreements, mergers, acquisitions, and new product developments, to achieve growth in the managed Wi-Fi solutions market.
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