Wi-Fi Analytics Market To Reach US $ 30.7 Billion By 2026 Worldwide | CAGR: 28.5% | UnivDatos Market Overview
NOIDA, India, May 11, 2021 / PRNewswire / – A comprehensive overview of Wi-Fi analysis was recently added by UnivDatos Market Insights to its massive database. The Wi-Fi Analytics report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report utilizes several analyzes to get a more in-depth view of the Wi-Fi Analytics market. The Wi-Fi Analytics report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the growth of the Wi-Fi Analytics. market. Additionally, this statistical market research repository examines and estimates Wi-Fi analysis on a global and regional level. The global Wi-Fi analytics market is expected to grow at a CAGR of 28.5% from 2021-2026 to reach US $ 30.7 billion by 2026.
An increase in internet penetration, growing adoption of connected devices and the deployment of public Wi-Fi coupled with increasing adoption of smartphones are some of the key factors contributing to the growth of the Wi-Fi analytics market. According to Cisco, connected devices will represent 3 times the world’s population by 2023. In addition, 71% of the world’s population will be mobile subscribers by 2023. In addition, the number of smartphone users worldwide was around 3.6 billion in 2020, which is expected to reach 4.3 billion by 2023. In addition, more than 60% of the world’s population uses the Internet and from April 2021, 72 billion people use the Internet worldwide. In addition, Internet users are currently growing at an annual rate of 7.6%, which equates to an average of over 900,000 new users every day.
Additionally, the benefits of Wi-Fi analytics, such as improved operations, tracking campaign results, and trigger marketing, act as a growth catalyst for the industry. Wi-Fi analysis allows consumers to use the information available through the wireless network to make better decisions about a physical space. Moreover, the increasing deployment of data analytics in many physical enterprises as well as the growing competition between online and offline retail businesses are further expected to propel the Wi-Fi analytics market to the market. global scale.
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Impact of COVID-19
The mind-boggling speed and scale of the COVID-19 crisis has put enormous levels of stress on the analyzes / models. The continuing global trend of working from home and online classes has increased new connections and devices. According to network solutions provider Esprim Systems, the company is unable to meet the 60% surge in demand for new connections and new devices.. In addition, the supply of cheaper data plans, coupled with the growing need for cloud-based web conferencing solutions, is driving increased demand for Wi-Fi analytics. In addition, multiple use of Wi-Fi purposes for COVID-related precautions and queries also increases the demand for Wi-Fi scanning. For example: The University of california (UCI) has announced its intention to explore the use of its wireless network as part of a COVID-19 contract tracing app that uses Campus Wi-Fi to test the COVID-19 Contact Tracing app. This type of initiative has had an impact on the growth of Wi-Fi scanning during the COVID pandemic.
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The Wi-Fi Analytics market report is studied extensively with several aspects which would help stakeholders to make their decisions more organized.
By Component, the market is primarily split into
The solutions segment dominated the component segment and captured 74.6% of the Wi-Fi analytics market in 2019. In addition, the market is expected to grow at a CAGR of 27.1% to reach 21.2 billion US dollars by 2026.
By type of deployment, the market is primarily segmented into
The on-premise segment generated revenue of US $ 3.5 billion in 2019 and is expected to grow at a CAGR of 26.5% during the forecast period. However, the cloud segment is expected to experience a robust CAGR of 31.6% during the forecast period 2021-2026.
By application type, the market is primarily segmented into
- Attendance analysis
- Customer engagement
- Customer experience management
- Analysis of customer behavior
- Customer loyalty management
Among application types, customer loyalty management segment accounted for the largest share and occupied 34.2% in the global Wi-Fi analytics market. However, experience management client is expected to experience the highest CAGR over the next few years to achieve the market valuation of 3.9 billion US dollars by 2026.
By end-user type, the market is primarily segmented into
- Intelligent infrastructure
- Sports and leisures
Among end users, the retail segment of the WiFi Analytics market has been rated at US $ 2.5 billion in 2019 and will probably reach US $ 12.5 billion by 2027, with a CAGR of 26.1% from 2021 to 2026.
The geographic segmentation of Wi-Fi analysis includes:
- North America
- Asia Pacific
- Rest of the world
Based on the estimate, the North America region dominated the Wi-Fi analytics market with nearly $ 2.2 billion in revenue in 2019. At the same time, the Asia-Pacific region is expected to experience remarkable growth with a CAGR of 32.2% over the forecast period.
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Major players targeting the market include
- Cisco Systems Inc
- Zebra Technologies
- Wireless Ruckus
- Aruba Networks, Inc.
- Purple Wi-Fi Ltd
- Fortinet Inc.
- SkyFii Limited
- Euclid Analysis
- Hughes Network Systems LLC
The degree of competition among large global companies has been developed by analyzing several key leading players operating around the world. The specialized team of research analysts shed light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by companies. Leading companies in the Wi-Fi analytics market. Major players have been analyzed using research methodologies to get an overview of the global competition.
Key questions answered through this analytical market research report include:
- What are the latest trends, new models, and technological advancements in the WiFi Analytics market?
- What factors are influencing the Wi-Fi analytics market during the forecast period?
- What are the global challenges, threats, and risks in the Wi-Fi analytics market?
- What factors are propelling and restraining the Wi-Fi analytics market?
- What are the demanding global regions of the Wi-Fi analytics market?
- What will be the size of the global market in the coming years?
- What are the critical market acquisition strategies and policies applied by global companies?
We understand the requirements of different companies, regions and countries, we offer customized reports based on your business nature and geography requirements. Please let us know if you have any custom requirements.
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