Published on : Feb 11, 2021
Emerging trend of BYOD (bring your own device) in the office premises is pushing demand for reliable network connectivity. Large range of Wi-Fi networks are required in order to provide connectivity to multiple devices simultaneously.
To cater to the demand of internet connectivity for growing users, enterprises are adopting outsourced managed Wi-Fi service solutions. These managed Wi-Fi solution aids to manage user access and complete procedures of connectivity. It includes designing, installing the Wi-Fi system, and providing secure and reliable internet connection to employees and commercial users. Connectivity plays crucial role for enterprises in developing their business. A well-managed wi-fi ecosystem enables employees to work freely. The trend is being followed by large, medium and small enterprises across the globe. As a result, cloud managed Wi-Fi market is projected to expand exponentially in coming years.
The newly added report “Global Cloud Managed Wi-fi Market Size, Status and Forecast 2020-2026” in RMoz repository provides insights about various factors contributing to growth of the market. It also presents information about several challenges and restraining factors that may limit the growth of cloud managed Wi-Fi market during the forecast period (2020-2026).
The report consists of 129 pages, each page depicting different aspects of the market growth. In addition, the analysts have used graphs and statistics to present the information in pictorial form.
The market analysts have done in-depth research to provide details of the drivers and trends shaping the market. They have also visited several engineers and other key operators of the cloud managed Wi-Fi market to get an idea of possible growth rate during the forecast period.
Increase in Number of Smartphone Users Presenting Lucrative Growth Opportunities
Further, dramatic growth in number of smart phone users and social media users is providing ground to cloud managed Wi-Fi market to expand and grow. Cloud managed Wi-Fi is designed in a way to mange thousands of users with variety of devices simultaneously. Also, it is also capable of delivering enterprise-grade internet connectivity to various business websites.
Meanwhile, reduced cost of Wi-Fi services and end-to-end value chain visibility offered by the operating companies are anticipated to be the key driving factors.
On the other hand, data security and cloud connectivity are some of the common issues. These concerns may hinder growth of the market in forthcoming years.
North America market is likely to flourish in coming years, owing to presence of well-established and sustainable economies in the region. Key participants present in the region are extensively spending in research and development activities for the purpose of innovation of new technologies. Besides large enterprises, medium and small enterprises are also making use of cloud managed Wi-Fi. This, in turn, is contributing to expansion of the North America Wi-Fi as a service market.
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Meanwhile, presence of several regional players and budding start-ups is facilitating customized services to customers of the region.
Some of the key players operating in global cloud managed Wi-Fi market are Ubiquiti Networks (US), Cisco Systems (US), Arista Networks (US), Allied Telesis (Japan), Fujitsu (Japan), Aerohive Networks (US), Huawei Technologies Co. (China), Singtel (Singapore), LANCOM Systems (Germany), Rogers Communications (Canada), ARRIS International (US), Riverbed Technology (US), Telstra Corporation (Australia), Mist Systems (US), Extreme Networks (US), Viasat (US), Superloop (Australia), D-Link Corporation (Taiwan), Aruba (US), Edgecore Networks (Taiwan), ADTRAN (US), ALE International (France), Fortinet (US), and 4ipnet (Taiwan).
To mark their presence in the global market, these companies have been undertaking several growth strategies. Some of the strategies included mergers and acquisitions, production diversification, quality enhancements of existing products, partnership and collaborations.