$10.88 Billion Managed Wi-Fi Market Size to Grow at 14.5% CAGR, Globally, by 2028 - Brandessence Market Research

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Brandessence Market Research and Consulting Private Limited

Dec 07, 2022, 05:25 ET

LONDON, Dec. 7, 2022 /PRNewswire/ -- The Global Managed Wi-Fi Market is valued at USD 3.34 Billion in 2021 and is expected to reach USD 10.88 Billion by 2028 with a CAGR of 14.5% over the forecast period.

The Managed Wi-Fi Market all over the world has been growing continuously and is going to further grow in the coming years. This is a market which may be defined as the business solution which allows the outsourcing to a party which is involved in the designing, monitoring and maintenance of a Wi-Fi network. The managed Wi-Fi market has been seeing a continuous demand in these verticals like private, telecommunications and government organizations, education, IT services.

This Wi-Fi permits for the management of Wi-Fi remotely and offering the solutions that are cost-effective and provide an improved level of access through the high-speed bandwidth, customization in algorithms and other services which authorize the seamless roaming. This also includes the solutions and services which are going to begin from planning as well as designing of the services to provide the uninterrupted access of internet.

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Key Players -

Wi-Fi Spark
Verizon
Purple
Vodafone
Comcast Business
Fujitsu
Megapath
Aruba
Cisco Systems
Mojo Networks
Ruckus Wireless
AT&T
Charter Communications
CenturyLink
Sprint
Eastlink Suddenlink
Others

Global Managed Wi-Fi Market Segmentation

By Component

Solution
Service

Networking Services
Network Security
Network Auditing and Testing
Network Planning and Designing
Network Consulting
Configuration and Change Management

Infrastructure Services

Survey & Analysis
System Integration & Upgradation
Installation & Provisioning
Wireless Infrastructure Maintenance & Management
Training & Support

By Organization Size:

Large Enterprises
SMEs

By End User Industry:

IT & Telecommunication
BFSI
Retail & E-Commerce
Healthcare
Government & Defense
Others

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The biggest driver of the managed Wi-Fi market is the rise in the demand in the services sector for instant, faster, and secure connectivity. This helps in system upgrades, integration, and enhancement of network efficiency. This is also going to manage the networks on any devices like the laptops, mobiles, computers that give the consumers access to the WLANs and hotspots. One of the biggest restraints of the managed Wi-Fi market in the world is the rise in the prices of electronic devices, smartphones and other secured connections and the lack of interconnectivity.

The pandemic has been impacting the world in a significant way as it is benefiting the market and creating demand because of the work from home situations which required the world to focus on the video calls and offices from Microsoft teams and Zoom calls which require higher data usage which creates demand for better and continuous Wi-Fi situation.

There is a major impact on the market which has been creating a hampering effect on the managed Wi-Fi market with the Russia-Ukraine war as there is a major disruption in the world and the ongoing ware has created a production delays and supply chains along with a stoppage in the communication and cyber activities. The services segment along with the solutions segment is going to dominate the market and this is going to be because of the number of applications that are required.

The government segment is growing the fastest. The work structure all over the world has been growing from paper form to digital form. The Asia Pacific segment is going to be the one which is growing the fastest with the acceptance of the technology in this segment at the highest and the growth in the urbanization and literacy rates all over the region in countries like China and India and Indonesia. This will help progress of the overall managed Wi-Fi market.

On Special Requirement Managed Wi-Fi Market Report is also available for below region:

North America

U.S, Canada

Europe

Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe

Asia-Pacific

South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC

Latin America

Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America

Middle East and Africa

Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

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