Covid-19 Outbreak Impact on Carrier WiFi Equipment Market Size, Revenue, Growth Rate Analysis and Forecast 2023
Overview:
Market Research Future (MRFR), in their report further assures that the carrier Wi-Fi equipment market could touch USD 7 billion mark by the end of 2023.
Carrier Wi-Fi is known for its functionalities, such as network management support, scalability, support for hotspot 2.0, wide area mobility, integration with RAN network, carrier grade security, and quality of experience and service. Its application increases network capability and creates space for Carrier Wi-Fi equipment market to proliferate several other industries, which is assuring a 25% CAGR during the forecast period (2017-2023).
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Several factors like high intake of smartphones, demand for better network facilities across industries, carrier grade security to stop breaching through virus, spam spoofing, and spyware are expected to ensure better growth for the carrier Wi-Fi equipment market. Various cellular and internet service providers are also expected to play a positive role in taking the global market ahead.
Competitive Landscape:
Several companies are influencing the global carrier Wi-Fi equipment market and in the process are helping their own existence as well. MRFR enlisted several players and recorded their current actions to understand their strategic moves. These moves often include merger, acquisition, collaboration, and other decisions. The profiling includes companies like Cisco Systems, Inc (U.S.), Nokia Networks (Finland), Edgewater Wireless Systems, Inc (Canada), Ericsson (Sweden), Ruckus Wireless, Inc (U.S.), Aruba Networks (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Huawei Technologies Co. Ltd. (China), Brocade Communication Systems, Inc, Aerohive Networks (U.S.), and others.
Industry Updates
In July 2019, Google showed its interest in creating a fourth US wireless carrier with the help of assets acquired from T-Mobile to support its fast-growing cloud computing business.
Segmentation:
MRFR, in their carrier Wi-Fi equipment market report, based their discussion on segmentation that includes product type, application, and end-users. This segmentation is necessary to get a closer look at the global market.
Based on the product type, the carrier Wi-Fi equipment market includes fixed carrier, mobile carrier, and third-party carriers. The third-party carrier segment is gaining traction substantially.
Based on the application, the carrier Wi-Fi equipment market comprises carrier Wi-Fi in 3G networks and Carrier Wi-Fi in 4G networks. The carrier Wi-Fi in 4G networks is currently gaining traction due to the growing digitalization across countries and inclusion of high-speed data transmission.
Based on the end-users, the carrier Wi-Fi equipment market incorporates enterprises, IT/Telecommunication, government, utilities, residential, and others. The IT/Telecommunication segment is gaining substantial lead and can provide high traction to the global market.
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Regional Analysis:
North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW) are four regions that have been included in the discussion of the global carrier Wi-Fi equipment market. This discussion has its aim set on revealing the growth pockets that can provide traction to the global market.
North America has the lead in the global market and it is happening due to the presence of the U.S. who has the top position in the global carrier Wi-Fi equipment market. Several factors like the standardization initiatives like Hotspot 2.0, along with inclusion of Wi-Fi in every smartphone, PC, and tablet are is ensuring high intake of the carrier-controlled Wi-Fi and assures a wide-scale adoption. Such decisions are expected to provide traction to countries in North America and Japan & South Korea.
However, the APAC market is nudging out others in terms of growth speed and is expected to attain the fastest CAGR during the forecast period. Its growing popularity as a premium service and rise in data traffic in cellular network are expected to play pivotal for the regional market growth. At the same time, the region is witnessing a growth in the number of mobile-user surging in regions like India and China. The wide-scale penetration of smartphone is expected to provide the regional market substantial traction. Europe, on the other hand, has an infrastructure that is quite similar to that of North America, which can play a central role in taking the global market ahead.
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