The proliferation of mobile devices and rapidly growing adoption of “bring your own device” (BYOD) and IoT within enterprises are some of the major factors expected to drive the growth of the Wi-Fi market.
The network planning and design segment is expected to hold the largest market size during the forecast period. Network planning and design services are executed to maximize the ROI and is an important part of the Wi-Fi value chain/ecosystem.
The sports and leisure vertical expected to grow at the highest CAGR during the forecast period. The digitalization of businesses has revolutionized the Wi-Fi market space for various verticals.
The sports and leisure vertical encompasses the public spaces visited by people to relax or spend leisure time. It includes various facilities, such as stadiums, parks, museums, zoos, movie theaters, casinos, and theme parks. Businesses in this vertical often have to deal with large crowds. In the competitive space, where enterprises follow the sophisticated strategy of maximizing revenue-generating opportunities, Wi-Fi services offer a huge advantage.
The rapid adoption of Wi-Fi technology is expected to make North America the largest region in market. In this region, Wi-Fi systems and services are gaining traction within businesses. The region’s strong financial position also enables it to invest heavily in the Wi-Fi technology. These advantages have provided North American organizations a competitive edge in the market. Moreover, the region has the presence of several major Wi-Fi vendors and there is strong competitive environment.