Network Management Software Segment of Carrier Wi-Fi Market Is Projected To Hold The Highest Market Share by 2024

The Carrier Wi-Fi Market solutions are adopted in various application verticals including BFSI, IT & telecom, healthcare, energy, government, education, and transportation. The market is witnessing a huge adoption rate from the IT & telecom and financial service sectors due to a growth in the SIM-based Wi-Fi access points that provide a closer integration between the mobile network and Wi-Fi. Companies operating in these industries are also innovating advanced solutions to deliver an enhanced customer experience and gain a competitive edge in the market.
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The emergence of LTE and 5G has resulted in the carrier Wi-Fi becoming an integral part of the network architecture. The industry is witnessing a huge shift in network planning and strategy with innovations in fiber-optics, IP-based core networks, and self-organizing & heterogeneous networks, driving the market demand. Various companies also anticipated to increase their carrier Wi-Fi investments by 2020, in terms of 5G network development, driving the market growth.
Furthermore, security has always been a concern for the open Wi-Fi networks as unprotected Wi-Fis can hamper the user and organizational data, leading to huge loses. Carrier Wi-Fi delivers enhanced security by hardening the Wi-Fi network and in turn protecting it from security threats such as spam, spoofing, and viruses, motivating the demand for the carrier Wi-Fi market.
Carrier Wi-Fi technology is also being used by the operators worldwide to enable cloud-based applications and meet the high bandwidth requirements driving the market growth. It delivers various features such as scalability, wide area mobility, network management, carrier-grade security, and fewer service interruptions, driving its adoption in the market. It is also considered as a cost-effective solution in deploying public hotspots in various restaurants, public places, and university campuses, accelerating the internet penetration rate in developing nations.
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The carrier Wi-Fi market has penetration into software such as network management, network monitoring & intrusion prevention, and network performance analytics. The network management software is projected to hold the highest market share as it offers various benefits to the mobile operators such as reduced power usage, service flexibility, and enhanced service environment including location-based & data analytics services, accelerating the market demand.
Asia Pacific is considered the strongest region of growth in the carrier Wi-Fi market due to an increase in the number of mobile subscriptions in countries including India and China. There is also a rise in the demand for smartphones in this region, paving new growth opportunities for the telecom operators. The rate of requests for proposals from various mobile operators is increasing with countries including China, Indonesia, and India, driving the growth.
Furthermore, the government has also taken strategic steps such as digitalization and smart cities initiative, which has a positive effect on the market growth. The U.S. is also projected to grow at a fast rate due to the growth in data and the fluctuating network traffic in this region.
The carrier Wi-Fi market is fragmented with the existence of a substantial number of players. Some of the major players present in the market are Airspan, Alcatel-Lucent, Cisco Systems, Aruba Networks, ADTRAN, BelAir Networks, Ericsson, Hewlett-Packard, Motorola Solutions, and Ruckus Wireless.
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