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Global Cloud Managed Wi-Fi Market Size By Component (Solution, Services), By Vertical (Government, Healthcare, Education), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Cloud Managed Wi-Fi Market Size By Component (Solution, Services), By Vertical (Government, Healthcare, Education), By Geographic Scope And Forecast

Cloud Managed Wi-Fi Market Size And Forecast

Cloud Managed Wi-Fi Market size was valued at USD 5.26 Billion in 2024 and is projected to reach USD 20.04 Billion by 2031, growing at a CAGR of 18.20% during the forecast period 2024-2031.

The growing need for quicker, more immediate, and secure connectivity in the services industry is the main factor driving the Cloud Managed Wi-Fi Market. The Global Cloud Managed Wi-Fi Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Cloud Managed Wi-Fi Market Definition

Cloud-managed Wi-Fi simplifies the deployment and management of Wi-Fi networks by eliminating the need for on-premises controllers. Even small IT departments can remotely and quickly manage whole Wi-Fi-enabled campuses and buildings, guest networks, and wireless access points (APs) with cloud-managed Wi-Fi. The capacity to manage Wi-Fi, wired, and SD-WAN network infrastructure as a cloud-based service is referred to as “cloud-managed networking.” Cloud-managed Wi-Fi can make it easier for shops to collect comprehensive in-store data by monitoring foot traffic, creating shopper heat maps, logging dwell time in a particular aisle, and verifying which products were taken out of stock or returned (smart shelving).

Initially, maintaining a few access points (AP) to provide wireless hotspots for a limited number of employees was all that the WLAN was responsible for. Now, however, the WLAN is required to manage hundreds of thousands of users and give complete enterprise-wide coverage. Cloud Managed Wi-fi solutions are offered by qualified service providers to manage their Wireless LAN in order to manage this new scale of wireless connectivity and to guarantee that all users have instant and safe connectivity. The complete WLAN lifespan may be covered by these solutions.

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Global Cloud Managed Wi-Fi Market Overview

The growing need for quicker, more immediate, and secure connectivity in the services industry is the main factor driving the Cloud Managed Wi-Fi Market. Cloud Managed Wi-fi improves network efficiency while also assisting with system integration and system upgrades. They also oversee networks that let users access hotspots and WLANs on any device, including smartphones, laptops, and PCs. Due to their configuration, dependability, and exceptional cost-effectiveness, Cloud Managed Wi-fi solutions have become popular among enterprises.

The COVID-19 epidemic had a huge effect on the Cloud Managed Wi-fi business. The need for Cloud Managed Wi-fi solutions increased as more people chose to work from home and used their own devices while at work. The Cloud Managed Wi-fi business was forced to develop quicker and more secure solutions as a result of increased internet usage.

The industry is expanding as a result of businesses adopting mobility services more frequently and the quick spread of Wi-Fi in public spaces. Additionally, there is an urgent need for high-speed internet due to the expanding demand for smart gadgets like smartphones, laptops, tablets, digital cameras, and gaming consoles. These elements are anticipated to fuel market expansion. The industry is being driven by a rise in demand for specialists to manage the growing number of people using wireless internet. However, the absence of interconnectivity and interoperability standards is one of the things that could prevent the market from expanding.

Global Cloud Managed Wi-Fi MarketSegmentation Analysis

The Global Cloud Managed Wi-Fi Market is Segmented on the basis of Component, Vertical, and Geography.

By Component

  • Solution
  • Services

Based on Component, the market is segmented into Solutions and Services. During the projection period, the Cloud Managed Wi-Fi Market is anticipated to have the greatest share in the services sector. During the projection period, it is anticipated that the Cloud Managed Wi-Fi Market would expand significantly as a result of the growing demand for Wi-Fi at small and medium-sized enterprises.

By Vertical

  • Government
  • Healthcare
  • Education
  • IT & Telecommunications

Based on Vertical, the market is segmented into Government, Healthcare, Education, and IT & Telecommunications. During the projection period, the Cloud Managed Wi-Fi Market is anticipated to have the greatest share in the IT & telecommunications sector. One of the earliest industries to use wireless technologies was the information and telecommunications industry. They use electronic gadgets for the majority of their job, which encourages them to rely on cutting-edge technology.

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of a Geographical Analysis, the Global Cloud Managed Wi-Fi Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the projection period, the Cloud Managed Wi-Fi Market is anticipated to observe the biggest share in the North American region. The Cloud Managed Wi-Fi Market in North America will be driven by factors such as increased investments in R&D, an increase in smart device product launches, and an increase in internet connectivity requirements brought on by remote working arrangements.

Key Players

The “Global Cloud Managed Wi-Fi Market” study report will provide valuable insight with an emphasis on the global market. The major players in the Market are Fujitsu, Vodafone, Verizon, Tata Communications, Comcast Business, Aruba, Purple, Ruckus Wireless, and Mojo Networks.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Key Developments

  • In September 2021Tata Communications started providing bandwidth-on-demand services for easy end-user experience and cost-efficiency.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Cloud Managed Wi-Fi Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Cloud Managed Wi-Fi Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Fujitsu, Vodafone, Verizon, Tata Communications, Comcast Business, Aruba, Purple, Ruckus Wireless.

SEGMENTS COVERED
  • By Component
  • By Vertical
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

To k

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )