Carrier Wifi Equipment Market Segments Size, Revenue, Growth Rate Analysis and Forecast 2023
Market Highlights
The global carrier Wi-Fi equipment market could project a CAGR of 25% during the forecast period (2017-2023), estimates Market Research Future (MRFR).
Leading Players
The leading companies in the worldwide carrier wi-fi equipment market are Ericsson (Sweden), Cisco Systems Inc (U.S.), Brocade Communication Systems, Inc Edgewater Wireless Systems, Inc (Canada), Aruba Networks (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Huawei Technologies Co. Ltd. (China), Nokia Networks (Finland), Aerohive Networks (U.S.), Ruckus Wireless, Inc (U.S.), to mention a few.
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Key Drivers and Main Barriers
In recent years, areas of applications of carrier Wi-Fi technology has evolved at a fast pace. There has been a considerable surge in mobile data that is being generated by numerous devices such as tablets, smartphones, phablets, and various other consumer electronics. Operators around the world are making use of Wi-Fi-hotspots to provide high-speed and low-cost internet to a higher number of customers. Additionally, carrier Wi-Fi technology has gained immense popularity among providers for cloud-based applications, in addition to equipment that requires high-bandwidth technology.
Carrier Wi-Fi technologies are gaining the status of highly cost-effective means for deploying public hotspots in cafes, university campuses, and public places. This factor has boosted internet penetration in numerous emerging and developed nations. Advent of personalization, as well as bundling of services, is expected to further establish the market position at a global level. For example, few service providers provide appealing options for bundling of Wi-Fi services with large broadbands. The market also consists of some providers that are focused on upselling to higher-tier service plans supported by carrier Wi-Fi technology, in a bid to acquire a competitive edge over their rivals in the market.
Security with regard to open networks has always been a chief concern for end-users and service providers all over the world. Unprotected Wi-Fi networks, especially in public places, are a significant threat. This is where carrier Wi-Fi comes into the picture, which offers carrier-grade security to protect data from common security threats like spam spoofing, virus, and spyware among others. This has boosted the demand for carrier Wi-Fi equipment, in turn stimulating market growth to a great extent.
Market Segmentation
The worldwide Carrier WiFi Equipment Market segments is split into product type, application, and end-users.
As per the product type, the market can be considered for mobile carrier, fixed carrier, and third-party carriers.
Application-wise, the market caters to carrier Wi-Fi in 3G networks and carrier Wi-Fi in 4G networks
The end-users in the market are enterprises, government, IT/Telecommunication, utilities, and residential, among others.
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Regional Insight
North America, Asia Pacific (APAC), the Middle East, and Africa (MEA) and Europe are the main markets for carrier Wi-Fi equipment.
The United States (U.S.) has landed the top spot in the global carrier Wi-Fi equipment market and could retain its position even during the forecast period. The market growth in the country benefits the overall region of North America as well. Standardization initiatives such as Hotspot 2.0 and the inclusion of Wi-Fi in PC, tablet, and smartphones, carrier Wi-Fi is expected to note wide-scale adoption. This way, the carrier wi-fi equipment in the region is projected to have a lucrative run during the forecast period.
Asia Pacific expects to demonstrate the fastest growth rate in the coming years. The 5G era in the near future is predicted to transform network architectures; however the requirements for network density will result in Wi-Fi playing a strong role for mobile broadband end-users as well as for latest applications like the Internet of Things in the region. Telecom operators and enterprises in Asia Pacific are spending massive amounts on Wi-Fi, which showcases the evidence of proliferation in developing economies where mobile data growth is quite expansive. These factors are estimated to have a positive impact on the regional market in the ensuing years.
The market in Europe could have tremendous growth during the appraisal period on account of expanding data traffic along with fluctuating loads of networks. The mobile subscriptions in Europe are rising by leaps and bounds. With the increasing penetration of smartphones, consumption of mobile traffic is deemed to expand, which could make the region an important growth pocket in the carrier wi-fi equipment market.
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