Managed Wi-Fi Market

The Global Managed Wi-Fi Market is valued at USD 3.34 Billion in 2021 and is expected to reach USD 10.88 Billion by 2028 with a CAGR of 14.5% over the forecast period.

Scope of Global Managed Wi-Fi Market

Managed Wi-Fi is an outsourced wireless network that allows residents, guests, or customers to connect to the Internet via multiple access points throughout a building, ensuring property-wide access. It’s a cloud-based technology, meaning that Internet providers manage, control, and troubleshoot a businesses or property’s Wi-Fi remotely, removing the need for an on-site IT department to manage a building’s Wi-Fi network. Some major business benefits of using a managed Wi-Fi provider are cost-effectiveness, reliability, scalability, security, monitoring and reporting, and RF surveying. Managed Wi-Fi is particularly useful from a commercial standpoint. It’s often used to create a secure network and control access for privacy and security reasons. Managed Wi-Fi services are commonly used in apartments, the hospitality industry, manufacturing units, small businesses, student housing, and military housing, just to name a few. All of these sectors provide Wi-Fi that’s accessed by many individuals with various authorization levels. India's internet penetration rate stood at 47% of the total population at the start of 2022.

The COVID-19 pandemic positively impacted the global Managed Wi-Fi market. With the option to work from home in bring-your-own-device mode, there was an increase in demand for managed Wi-Fi solutions. Increased internet usage pushed the global managed Wi-Fi market to build quicker and more secure solutions. The increased demand has made a substantial contribution to the wireless reliability industry’s revenue growth and resulted in Wi-Fi as a service market growth.

The global Managed Wi-Fi Market is segmented by component, organization size, end users, and region. Based upon component, managed Wi-Fi is segmented into solution, service, networking services, and infrastructure services. Based on organization size, the managed Wi-Fi market is segmented into large enterprises and SMEs. Based on end users, managed Wi-Fi is segmented into IT & Telecommunication, BFSI, Retail & E-Commerce, Healthcare, and Government & Defense.

The regions covered in global Managed Wi-Fi market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, and Egypt), GCC, Africa, etc.

Key Players

• Wi-Fi Spark
• Verizon
• Purple
• Vodafone
• Comcast Business
• Fujitsu
• Megapath
• Aruba
• Cisco Systems
• Mojo Networks
• Ruckus Wireless
• AT&T
• Charter Communications
• CenturyLink
• Sprint
• Eastlink Suddenlink
• others

Managed Wi-Fi Segmentation

By Component

• Solution
• Service
• Networking Services
  • Network Security
  • Network Auditing and Testing
  • Network Planning and Designing
  • Network Consulting
  • Configuration and Change Management
• Infrastructure Services
  • Survey & Analysis
  • System Integration & Upgradation
  • Installation & Provisioning
  • Wireless Infrastructure Maintenance & Management
  • Training & Support

By Organization Size

• Large Enterprises
• SMEs

By End User Industry

• IT & Telecommunication
• BFSI
• Retail & E-Commerce
• Healthcare
• Government & Defense
• Others

Managed Wi-Fi Market Recent Development

Tata Communications launched pay-as-you-go feature on Ethernet network services

On 20^th September 2021, Tata Communications, a global digital ecosystem enabler, offers the "bandwidth-on-demand" (BoD) feature on Ethernet services, improving the end-user experience, delivering flexibility, and bringing cost efficiency. This enables enterprises to self-provision additional capacity on a pay-as-you-go basis to meet short-term bandwidth needs conveniently through a self-service customer portal. With these features, Tata Communications powers enterprises to move closer to achieving their digital-first ambitions.

Cisco Systems launched innovative systems which are location-based

In February 2020, Cisco introduces new technologies to help businesses rapidly scale networks and digitize operations to redefine the campus experience to support hybrid work. The company unveils the industry's first high-end Wi-Fi 6E access points, private 5G for the enterprise as a managed service, and new high-powered Catalyst 9000X series modifications with Cisco Silicon One to deliver top speeds and performance with the security needed for hybrid work. With Cisco's powerful suite of platforms, including DNA Center, DNA Spaces, and Meraki, customers can simplify the technology needed for hybrid work, including smart and sustainable workspaces and secure IoT at scale.

Ruckus Wireless launched new models for routers and data communication products

In December 2021, Ruckus Wireless announced new Wi-Fi technology products that can be used to provide wireless services to businesses, housing complexes, and schools. Ruckus Wireless announced new Wi-Fi technology products that can be used to provide wireless services to businesses, housing complexes, and schools. The products, which include two outdoor mesh access points, a customer premise gateway, and a backhaul antenna system, are called Wireless Broadband Access (WBA) and rely on unlicensed Wi-Fi spectrum using the 802.11g and faster 802.11n specifications, Ruckus officials said. The products were available to enterprises through third parties as well.

Managed Wi-Fi Market Dynamics

Rising demand in the services sector for faster, instant, and secure connectivity is driving the growth of managed Wi-Fi. Further, the industry is expanding at a tremendous rate due to technological innovations and users’ inclination toward cloud-managed Wi-Fi services. End-user organizations are adopting Wi-Fi managed services as they have a short life cycle and are cost-efficient, which allows the scope of configuration for future updates. This factor is driving the revenue growth of the market. According to NTT (Nippon Telegraph and Telephone Corporation), data usage in Japan will increase by 30% to 40%. Secondly, British Telecommunications plc has noted in its reports that fixed broadband consumption in the UK is expected to rise by 35% to 60% during the weekday daylight hours. Additionally, Telefonica reported that mobile traffic has grown by 50% and 25% in voice and data traffic, respectively, in Spain, which is anticipated to support the development of the managed Wi-Fi industry.

Due to the growing number of Internet users, the demand for Wi-Fi Internet facilities is increasing significantly across the world, which is also benefiting the managed Wi-Fi market. As of 2022, there were 4.98 billion active internet users. That marks a 192 million year-over-year increase compared to 2021’s figures. At 4 percent, the growth in active internet users worldwide is four times faster than the total population growth, which stands at 1 percent. The number of Internet service users in the world is increasing rapidly, which is creating a lot of difficulties for consumers to use individual internet services. Due to this, consumers are currently using Wi-Fi services in large numbers. As a result, this factor is increasingly flourishing the global managed Wi-Fi market growth.

Cloud managed Wi-Fi services is the infrastructure, platform, or software hosted by third-party vendors and available for users through the internet. In the traditional standard system of services or resources, the infrastructure owner is responsible for managing every part of the hardware and software used. However, cloud managed Wi-Fi as-a-Service solutions have a lot to offer and are regarded as a valid alternative to the older systems. If they are correctly used, they will help businesses save money, time, and staff. With the elimination of problems like service maintenance and potential issues, these resources can contribute too much greater productivity and performance and are expected to further accelerate the demand in the managed Wi-Fi market. In 2021, Cloud data centers process 94 percent of all workloads. Google Drive exceeded a billion users in 2018, while the Google Workspace cloud productivity platform as a whole reached 2 billion users in 2020. The second most popular cloud storage service Dropbox has a huge following as well, with over 700 million reported users. Hence, these factors are likely to enhance the market growth.

However, there is no regulation and standards for interconnectivity of different units for the interoperability and rising prices of electronic devices like smartphones, and computers, infrastructure for secured connections, and lack of interconnectivity these are some of the factors that might slow down the Managed Wi-Fi market’s growth.

Moreover, Wi-Fi connectivity is likely to provide huge opportunity for smart city initiatives, as it will collect crucial consumer data whose access points will be installed in public spaces or city-authorized Wi-Fi zones. Wi-Fi connectivity will also be beneficial for maintaining law enforcement as it would assist in tracking visitors in important public spaces, eventually providing enhanced security.

Managed Wi-Fi Market Regional Analysis

Geographically, North America is likely to hold the largest market share and dominate the managed Wi-Fi market. Increasing investments in research and development activities, rising product launch activities for smart devices, and the rising need for internet connectivity due to remote working arrangements are a few reasons that will drive the managed Wi-Fi market in North America. For instance, in April 2020, the Federal Communications Commission (FCC) allocated the 6 GHz spectrum band for unlicensed Wi-Fi use for next-generation Wi-Fi 6E devices with antennas and chipsets that could tap into the extra spectrum. Besides, according to BrandEssence, in the United States, there were around US$ 308.04 million internet users as of January 2022. Around US$ 271 million people were using social media actively at the time. Ninety percent of American internet users used a mobile phone to access the internet during the third quarter of 2021.

Asia-Pacific has observed an advanced and dynamic adoption of new technologies and has always been a lucrative region. The managed Wi-Fi solutions market in APAC is likely to grow the fastest. A majority of enterprises in this APAC region are adopting managed Wi-Fi solutions and services to provide internet access to their employees and guests, and thereby, the managed Wi-Fi market is probable to register a strong revenue growth rate with more investments and opportunities in such advanced technology, contributing to the overall growth of the market. According to the China Internet Network Information Center, by the end of 2020, China will have 989 million internet users, representing a growth of 85.4 million compared to March 2020. The overall growth driver in this case is the increasing number of hours people spent online during the height of the COVID-19 pandemic.

On Special Requirement Managed Wi-Fi Market Report is also available for below Regions and Country

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 3.34 Billion
Base year considered	2021
Forecast Period CAGR %:	14.5%
Market Size Expected in 2028:	USD 10.88 Billion
Tables, Charts & Figures:	175
Pages	300
Healthcare Consulting Services Companies	Wi-Fi Spark, Verizon, Purple, Vodafone, Comcast Business, Fujitsu, Megapath, Aruba, Cisco Systems, Mojo Networks, Ruckus Wireless, AT&T, Charter Communications, CenturyLink, Sprint, Eastlink Suddenlink and others.
Segments Covered	By Component, By Organization Size, By End User Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa