The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Wi-Fi Analytics by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wi-Fi Analytics , The wi-fi analytics market size has grown exponentially in recent years. It will grow from $14.7 billion in 2023 to $18.3 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to proliferation of wi-fi enabled devices, increased internet usage, growing demand for location-based services, data security concerns, rising popularity of public wi-fi hotspots.
The wi-fi analytics market size is expected to see exponential growth in the next few years. It will grow to $47.08 billion in 2028 at a compound annual growth rate (CAGR) of 26.6%. The growth in the forecast period can be attributed to 6e wi-fi standard adoption, integration of wi-fi analytics with ai and machine learning, expansion of smart cities initiatives, enhanced wi-fi security measures, increased use of wi-fi in iot devices. Major trends in the forecast period include wi-fi 6 deployment and upgrades, cloud-based wi-fi analytics solutions, focus on user experience analytics, wi-fi analytics for retail and hospitality, wi-fi as a service (waas) models.
The rise in the deployment of Wi-Fi connections is significantly contributing to the growth of the Wi-Fi analytics market. A Wi-Fi network is an internet connection shared by a wireless router with multiple devices in a home or business. The deployment of Wi-Fi networks is rapidly gaining popularity as more people use laptops, tablets, and smartphones. For instance, according to the World Population Review, a US-based agency for demographic information, approximately 69% of the world’s population which equals 4.9 billion people are actively using the internet in 2022 and the number of internet users is increasing at the rate of 4% annually, which translates to over 196 million additional users joining the network every year. In addition, Cisco, a US-based networking hardware company, forecasts a fourfold increase in Wi-Fi hotspots to 628 million in 2023 in its Annual Internet Report. Therefore, the rapid growth in the deployment of Wi-Fi connections will support the Wi-Fi analytics market growth.
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The wi-fi analytics market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: Cloud-Based, On-Premise
3) By Application: Wi-Fi Presence Analytics, Wi-Fi Marketing Analytics
4) By Industry Vertical: Retail, Hospitality And Tourism, Sports And Entertainment, Transportation, Healthcare, Other Industry Verticals
Top Major Players:
Cisco Systems Inc
Skyfii Limited
Purple Wi-Fi Limited
Fortinet Inc
Zebra Technologies Corporation
North America was the largest region in the Wi-Fi analytics market in 2023.
Technological advancement has emerged as the key trend gaining popularity in the Wi-Fi Analytics industry. Rapid technical breakthroughs and improvements in Wi-Fi standards have resulted in the creation of dense platforms with many concurrently connecting systems and IoT connections, such as hospitals, airports, and other public transportation places, which necessitate real-time data processing. For instance, in April 2023, Intel Corporation, a USA-based technology company launched the Intel Connectivity Analytics, which is a program that uses AI technology and is designed to help make it easier to get insights about wireless network performance and operations. A software development kit (SDK) that can provide in-depth insights into wireless traffic generated by Intel-based Wi-Fi 6 chipsets is made available by the Intel Connectivity Analytics program. The initiative aims to improve users’ entire wireless experience by offering network-level information directly from the source. The program also aims to provide network performance optimization, security threat detection and issue resolution.
The wi-fi analytics market report table of contents includes:
1. Executive Summary
2. Wi-Fi Analytics Market Characteristics
3. Wi-Fi Analytics Market Trends And Strategies
4. Wi-Fi Analytics Market – Macro Economic Scenariot
5. Global Wi-Fi Analytics Market Size and Growth
….……….
31. Global Wi-Fi Analytics Market Competitive Benchmarking
32. Global Wi-Fi Analytics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wi-Fi Analytics Market
34.Wi-Fi Analytics Market Future Outlook and Potential Analysis
35.Appendix
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