Managed WiFi solution market Size, Share, Growth, and Industry Analysis, By Grade (Network Security, Network Auditing and Testing, Network Planning and Designing, Network Consulting, Configuration and Change Management), By Application (Small And Medium-Sized Enterprises and Large Enterprises), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

managed WiFi solution market Report Overview

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The global managed WiFi solution market size was USD 5257.0 million in 2021 and market is projected to touch USD 15302.92 million by 2032 at CAGR 10.2% during the forecast period.

The market is a segment of the global managed services market that focuses on providing wireless network solutions to various organizations and end-users. Managed WiFi solutions enable businesses to outsource the design, installation, maintenance, and security of their wireless networks to third-party service providers. This helps them reduce operational costs, improve network performance, and enhance user experience.

Managed WiFi solution is suitable for businesses that need a high-quality Wi-Fi network for their operations, such as hotels, restaurants, retail stores, schools, hospitals, and offices. The vendor is responsible for designing, installing, maintaining, monitoring, and securing the Wi-Fi network for the client. The client can benefit from having a fast, reliable, and secure Wi-Fi connection for their customers and employees, without having to worry about the technical and operational aspects of the network.

COVID-19 Impact: Pandemic Increased the Market Demand

The COVID-19 pandemic has had a significant impact on the managed WiFi solution market share. The pandemic has boosted the demand for it, as more people have shifted to remote work, online education, telehealth, and e-commerce. These activities require reliable and secure wireless connectivity, which can be provided by them. Moreover, the pandemic has also accelerated the digital transformation of various sectors, such as healthcare, education, retail, hospitality, and manufacturing. These sectors have increased their adoption of cloud-based services, IoT devices, and artificial intelligence, which require robust and scalable wireless networks. Managed WiFi solutions can help these sectors optimize their network performance, reduce network downtime, and enhance user satisfaction.

managed WiFi solution market Latest Trends

"Emergence of Wi-Fi 6 Technology is expected to Fuel the Growth in the Market"

One of the recent trends in the market is the emergence of Wi-Fi 6 technology. Wi-Fi 6 is the latest generation of wireless technology that offers faster speeds, lower latency, higher capacity, and better efficiency than previous generations. Wi-Fi 6 can support more devices per access point, deliver consistent performance in dense environments, and enable new applications such as augmented reality (AR), virtual reality (VR), and 5G. Managed WiFi solution providers are adopting Wi-Fi 6 technology to offer their clients a competitive edge in terms of network quality and user experience. For instance, Cisco, Aruba, CommScope, and Extreme Networks are some of the leading players in the market that offer managed WiFi solutions based on Wi-Fi 6 technology.

managed WiFi solution market Segmentation

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• By Grade Analysis

According to type, the market can be segmented into Network Security, Network Auditing and Testing, Network Planning and Designing, Network Consulting, Configuration and Change Management.

• By Application Analysis

Based on age, the market can be divided into Small And Medium-Sized Enterprises and Large Enterprises.

managed WiFi solution market Driving Factors

"Increasing Demand for High-Speed Internet Connectivity to Foster the Market Growth"

One of the major driving factors for the market is the increasing demand for high-speed internet connectivity across various sectors and regions. The growing consumption of digital content, such as video streaming, online gaming, social media, and e-learning5, requires fast and reliable wireless networks that can support high bandwidth and low latency. Moreover, the rising adoption of smart devices6, such as smartphones, tablets, laptops, wearables, smart TVs, smart speakers, smart home appliances, and IoT gadgets, creates a need for seamless and ubiquitous wireless connectivity that can enable data exchange and communication among these devices. Managed WiFi solutions can help meet these demands by providing customized and scalable wireless network solutions that can optimize network performance, enhance user experience, and reduce operational costs.

Adoption of Cloud-Based Services to Result in the Expansion of the Market

Another driving factor for the market is the adoption of cloud-based services by various organizations and end-users. Cloud-based services refer to applications or resources that are hosted on remote servers and accessed via internet connections. Cloud-based services offer several benefits over traditional on-premise solutions, such as lower costs, higher scalability, greater flexibility, improved collaboration, and enhanced security. However, cloud-based services also require robust and reliable wireless networks that can support data-intensive applications and enable remote access to cloud resources. Managed WiFi solutions can help facilitate the adoption of cloud-based services by providing wireless network solutions that can integrate with existing IT infrastructure, ensure network availability and security, and improve user satisfaction.

managed WiFi solution market Restraining Factors

"Lack of Skilled Professionals to Hamper the Market Growth"

One of the major restraining factors for the market is the lack of skilled professionals in the field. Managed WiFi solutions involve complex and dynamic processes that require expertise in various domains, such as network design, installation, maintenance, security, and management. However, there is a shortage of qualified and experienced professionals who can provide these services effectively and efficiently.

managed WiFi solution market Regional Insights

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"Asia Pacific to Lead the Market Owing to the Increasing Adoption of Cloud-Based Services "

The Asia Pacific region has shown the highest managed WiFi solution market growth.  One of the reasons for this high growth rate is the increasing adoption of cloud-based services and IoT devices in various sectors, such as education, healthcare, and retail. The rising demand for high-speed internet connectivity and seamless network experience among consumers and businesses and the growing investments and initiatives by governments and private players to improve the digital infrastructure and connectivity in the region have also contributed.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Market Growth "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Wifi Spark (U.S.)
• Comcast Business (U.S.)
• Vodafone (U.K.)
• Aruba (U.S.)
• Megapath (U.S.)
• Rogers Communications (Canada)
• Mojo Networks (U.S.)
• Fujitsu (Japan)
• Ruckus Wireless (U.S.)
• Purple (U.S.)
• Verizon (U.S.)
• Cisco Systems (U.S.)

Report Coverage

This report examines an understanding of the managed WiFi solution market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.