According to the latest research report, over the study period, the worldwide carrier WiFi equipment market size is expected to reach a market value of USD 7 billion, with a CAGR of roughly 25%. (2017-2023). Scalability, wide-area mobility, network management support, carrier-grade security, interaction with the RAN network, support for hotspot 2.0, and quality of experience and service are all features of carrier Wi-Fi. These features improve network capabilities, resulting in the market potential for Carrier Wi-Fi equipment to expand over the projection period and beyond. The main capacity of carrier Wi-Fi is to grow a Wi-Fi network, which necessitates particular tasks and characteristics such as network management and interference protection. While switching between Wi-Fi networks, the carrier Wi-Fi can keep a session going. Typically, carrier Wi-Fi is utilized for cellular offloading. It entails moving customers from licensed telecom spectrum to unlicensed Wi-Fi spectrum, which is free.
Security on open networks, as well as cellular and internet service providers throughout the world, is a key worry for customers. The open and unsecured Wi-Fi networks in public locations pose the greatest hazard to customers. The main benefit of carrier Wi-Fi is carrier-grade security, which implies that an open and unprotected Wi-Fi network is hardened to defend it from common security risks like viruses, spam spoofing, and malware. This further entices the need for carrier Wi-Fi, which boosts the carrier Wi-Fi equipment market's growth. Brocade Communications and Huawei Technologies Co. are two prominent carrier WiFi equipment providers at the forefront of the market. Due to an increase in the deployment of 4G dual-mode small cells and WiFi access points, anticipated revenue growth is likely to improve shortly. Various cellular and internet service providers are permitting Wi-Fi as a purposefully essential product, which has the potential to boost the company's brand and revenue. Carrier Wi-Fi assists businesses in improving service quality, revenue creation, and usability.
This report contains all the information on the global carrier WiFi equipment market reports and strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the carrier WiFi equipment market analysis and forecast for 2023 is also included in the report.
Covid 19 Analysis
Since the start of COVID-19 in December 2019, several governments have declared lockdown, and as a result, numerous economies throughout the world have faced catastrophic economic downturns. COVID-19 has influenced the Carrier Wi-Fi Equipment business since early 2020. The report's goal is to give the pre-COVID-19 condition of the Carrier Wi-Fi Equipment market in 2020 and 2019, as well as forecasts for the Covid-19 timeframe from 2020 to 2028. The research discusses the influence of COVID-19 on the Carrier Wi-Fi Equipment market, as well as worldwide analysis, various difficulties or threats, and opportunities for Carrier Wi-Fi Equipment market stakeholders.
The transporter Wi-Fi technology is gaining traction, owing to the benefits of allowing cloud-based applications and equipment to meet the requirements of high-bandwidth technology. It is regarded as a cost-effective method of installing hotspots in cafés, public areas, and university campuses, as well as increasing internet penetration in underdeveloped and emerging nations. The growing use of wi-fi technology in a variety of products, including smartphones, tablets, and other consumer electronics, is boosting market value.
Scalability, broad area mobility, network management support, carrier-grade security, interaction with RAN networks, support for hotspot 2.0, and quality of experience and service are all features of carrier Wi-Fi. These functionalities improve network capability, creating a market opportunity for the Carrier Wi-Fi Equipment market trend to grow during the forecast period.
The privacy and security concerns connected with personal or commercial data are expected to hinder expansion of Carrier Wi-Fi Equipment Market.
The issues over privacy and security related to personal or business data will provide challenges to the worldwide Carrier Wi-Fi Equipment Market.
Cumulative Growth Analysis
In the United States, the Carrier Wi-Fi Equipment market is expected to be worth $749.8 million by 2020. China, the world's second-biggest economy, is expected to reach a projected market size of US$2.3 billion by 2027, representing a 24.7 percent CAGR from 2020 to 2027. Japan and Canada are two additional significant regional markets, with growth forecasts of 15.5 percent and 18.2 percent, respectively, from 2020 to 2027. Germany is expected to develop at a 17 percent compound annual growth rate (CAGR) within Europe.
The United States, Canada, Japan, China, and Europe are expected to fuel the worldwide Third Party Carrier segment's 19.3 percent CAGR. By the end of the analysis period, these regional markets, which had a combined market value of US$334.5 million in 2020, will have grown to US$1.2 billion. In this group of regional markets, China will continue to be one of the fastest expanding. The Asia-Pacific market is expected to reach US$1.4 billion by 2027, led by nations like Australia, India, and South Korea, while Latin America will grow at a 21 percent CAGR over the study period.
Value Chain Analysis
According to the reports, the global carrier wi-fi equipment market is segmented based on product types, applications, end-users, and regions. The market is divided into the fixed carrier, mobile carrier, and third party carrier segments based on product type. The market is divided into two segments based on application: carrier Wi-Fi in 3G networks and carrier Wi-Fi in 4G networks. The market is divided into Enterprises, IT/Telecommunication, Government, Utilities, and Residential, among others, based on end-users.
The Carrier Wi-Fi Equipment Market is segmented based on product types, applications, end-users, and regions. The global carrier wi-fi equipment market is expected to witness decent growth during the forecast period.
The carrier Wi-Fi equipment market is segmented into carrier Wi-Fi in 3G networks and carrier Wi-Fi in 4G networks based on the application.
Based on the propulsion types, the carrier Wi-Fi equipment market is segmented into Enterprises, IT/Telecommunication, Government, Utilities, and Residential, among others.
According to the latest reports, based on region, the global carrier wi-fi equipment market is divided into North America, Europe, Asia Pacific, Latin America, and the middle-east, and Africa. Geographically, the United States continues to lead the worldwide carrier Wi-Fi equipment industry. However, Asia Pacific is expected to expand at the highest rate of all areas. The popularity of carrier Wi-Fi access service as a premium service, as well as an increase in data traffic in cellular networks, are on the growth roadmap. Another issue is that the number of mobile users in India and China is rapidly expanding and is projected to be the greatest in the world as the population grows. With the rising adoption of smartphones, mobile traffic in these nations is projected to expand, generating a variety of chances for the Asia Pacific to become an emerging market for carrier Wi-Fi equipment market share, signaling new technical approaches and techniques for telecom operators to create.
Carrier Wi-Fi Equipment Market Top Leaders and start-ups are launching new products and services to meet the ever-increasing customer demand. To generate a cost-effective portfolio, the main companies are continually innovating and investing in research and development. To obtain a competitive advantage over competitors, some providers have been upselling to higher-tier service plans enabled by carrier Wi-Fi technology. The adoption of technology in companies has been primarily motivated by their function in lowering churn percentage points, enabling acquisition tactics, and increasing total revenue. Furthermore, the introduction of low-cost Wi-Fi services that provide customers with options in obtaining indoor net connectivity bodes well for the market in the future years.
Major Key Players
The following report of carrier Wi-Fi equipment market comprises of –
Brocade Communications and Huawei Technologies Co. are two prominent carrier WiFi equipment providers at the forefront of the market. Due to an increase in the deployment of 4G dual-mode small cells and WiFi access points, anticipated revenue growth is likely to improve shortly.
Carrier Wi-Fi Equipment Market Segmentation
Market By Types
Market By Downstream Fields
Market By Geography
Middle East & Africa
|Market Size||USD 7 billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, Application|
|Geographies Covered||North America, Europe, Aisa Pacific|
|Key Vendors||Nokia Networks (Finland) Cisco Systems Inc (U.S.) Ericsson (Sweden) Edgewater Wireless Systems Inc (Canada) Aruba Networks (U.S.) Ruckus Wireless Inc (U.S.) Huawei Technologies Co. Ltd. (China) Hewlett Packard Enterprise Development LP (U.S.) Aerohive Networks (U.S.)|
|Key Market Opportunities||These functionalities improve network capability, creating a market opportunity for the Carrier Wi-Fi Equipment market trend to grow during the forecast period.|
|Key Market Drivers||The transporter Wi-Fi technology is gaining traction, owing to the benefits of allowing cloud-based applications and equipment to meet the requirements of high-bandwidth technology.|
The global carrier WiFi equipment market is poised to register a market value of USD 7 billion at a CAGR of approximately 25% over the review period (2017-2023).
The increasing demand for carrier WiFi equipment from smartphone users, coupled with the integration of modern technological innovations, along with the growing development for 4G network infrastructure, is creating opportunities for market players.
The Asia Pacific region holds the largest share of the market due to the demand from India and China, followed by Europe and North America. The U.S. and Canada are contributing substantially towards the North America market share.
The global carrier WiFi equipment market is analyzed based on type and application, wherein the 4G network application segment is slated to witness maximum demand over the review period.
A few significant players in the global carrier WiFi equipment market are Huawei Technologies Co. Ltd. (China), Aerohive Networks (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Brocade Communication Systems, Inc among others.