Outdoor Wi-Fi Market Is Expected to Rise at a CAGR Of 5.4% During 2021-2028
According to Vantage Market Research, the Global Outdoor Wi-Fi Market was valued at USD 455 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.4% between 2021 to 2028. Wi-Fi plays an important role in different systems like hot spots, machine to machine (M2M), outdoor Wi-Fi and in-flight Wi-Fi. Outdoor Wi-Fi is growing all across the globe and is used in different sectors such as education, hospitality, healthcare, travel and public sector, among others. Higher use and growing data collection and sharing of information is creating more demand for the outdoor Wi-Fi market. Moreover, the outdoor Wi-Fi services deployment in various places such as commercial and public places is making the data sharing process easier.
Growing Demand for the Wi-Fi Services to Spur the Market Growth
Nowadays, the use of IoT technology is increasing and the demand for public Wi-Fi hotspots have increased an alarming rate. The Wi-Fi services are implemented at airports, cafes, markets, retail shops, metro stations, hotels, educational institutions, parks and railway stations. Furthermore, the growing penetration of smartphones and devices has increased the market for outdoor Wi-Fi. In addition, the data consumption has increased due to extensive use of social media all over the world and hence it leads to higher adoption of this technology. All these factors are driving the growth of outdoor Wi-Fi market.
The market for outdoor Wi-Fi by products is divided into WLAN controllers, wireless hotspot gateways and access point, and others. Based on industry, the market is bifurcated into hospitality, education, logistics, healthcare, and others.
Asia-Pacific region is expected to grow at a high rate and is the dominating region. This is attributable due to increasing government initiatives in this region. Moreover, countries such as China and India are developing and contributes to higher economic growth of outdoor Wi-Fi market. The wireless connectivity market has grown in this region and hence, the outdoor Wi-Fi market has huge opportunities for growth in this region.
Some of the major players operating in the global outdoor Wi-Fi includes Airspan, Aruba Networks, Aerohive Networks, Hewlett-Packard, Alvarion, Acatel-Lucent, Ericsson, Juniper Networks, Nokia Siemens Networks, Motorola Solutions, Netgear, Meru Networks and Avaya Inc.