The report analyzes the key players in the WiFi market including: Alcatel-Lucent, Aruba Networks, Ruckus Wireless, Aerohive Networks, HP, CISCO, Motorola Solutions, CISCO, Ubiquiti Networks, Ericsson, and many more.
(PRWEB) December 09, 2014
The research report on "Global WiFi Market", provides a detailed overview of the major drivers, restraints, challenges, opportunities and current trends in this market. It expects the overall WiFi market to grow from $12.89 Billion to $26.19 Billion by 2019. During the forecast period, the market is expected to maintain a Compound Annual Growth Rate (CAGR) of 15.2%. In terms of regions & market size, North America (NA) expected to be the largest market. The report also expects Asia pacific and Latin America to experience augmented market traction during the forecast period.
Explore the market information through detailed ToC, tables and figures explaining the growth trends in the "Global WiFi Market”
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Wireless Fidelity or Wi-Fi, is a communication protocol used by devices to connect to each other and to other networks. This communication protocol is based on IEEE 802.11 standard. Various other specifications in this standard include 802.11a, 802.11b, 802.11g, 802.11n, and 802.11ac. WiFi enables wireless connection between the end-user and the network. WiFi products and services are being widely deployed to increase connectivity and mobility for smart devices. These deployments are designed to increase employee productivity in the work environment and to enhance customer experience in residential and public areas.
According to the report, access points and wireless hotspot gateways segment are expected to witness the highest growth during near future. The report expects North America to be the largest adopter of WiFi systems and services and the biggest contributor in terms of revenue. The North American and European countries have been prompt in adopting these technologies to gain higher employee connectivity and reduce networking costs. The developing regions of the world like Asia-Pacific, Middle East & Africa (MEA), & Latin America (LA) are expected to grow with high growth rates in the WiFi market, as per the report.
One of the major factors driving the WiFi market, explained in the report is the exponentially growing use of smart devices for personal as well as business purposes. This growth is expected to create a huge demand for WiFi zones in enterprises, residential buildings, public spaces, and in-flight and in-rail transportation. The report claims North America (NA) to have the largest share in the overall WiFi market followed by Asia-pacific & Europe in 2014. It expects the same trend by 2019.
According to the report, the WiFi market is expected to pick up pace with growing emphasis on WiFi services. The service segment is expected to grow faster than the WiFi products market. The report expects the Latin American market to be the most lucrative region in terms of growth, whereas the North America market is estimated to be largest revenue market throughout the forecast. In the services market, support services and survey and analysis services are estimated to grow with the highest growth rates. The report profiles some of the major players in WiFi market, such as Ericsson, Alcatel-Lucent, HP, Cisco and such other players.
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