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The carrier wi-fi equipment market size is forecast to increase by USD 2.76 billion at a CAGR of 24.8% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market has experienced significant growth due to the increasing demand for high-speed internet among mobile users. Carrier Wi-Fi refers to Wi-Fi access points installed and managed by telecom operators to provide interior coverage and high-speed data to their subscribers. This technology allows users to access the internet via a cable that carries the broadband signal from the receiver to the router, offering faster download speeds compared to other options. In response to the growing need for high-speed data, companies in the Carrier Wi-Fi Market are continually updating their equipment and services. For example, Nokia Corp. And MediaTek made history in October 2021 by successfully aggregating the 5G Standalone (5G SA) spectrum using 3 Components Carrier (3CC) aggregation.
Furthermore, the adoption of Carrier Wi-Fi technology is on the rise as businesses undergo digital transformation and the Internet of Things (IoT) becomes increasingly prevalent. Wi-Fi 6-compatible equipment is becoming more common as the demand for connected devices grows. According to recent statistics, the number of connected devices is projected to reach 50 billion by 2030. In summary, the market is thriving due to the increasing demand for high-speed internet and the growing number of connected devices. Telecom operators are continuously updating their equipment and services to meet these demands and stay competitive. The integration of advanced technologies like 5G SA and Wi-Fi 6 is expected to further drive market growth.
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The fixed carrier segment was valued at USD 323.50 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Asia Pacific (APAC) region presents a significant opportunity for carrier Wi-Fi equipment due to the increasing demand for high-speed internet and connectivity solutions, fueled by the growing usage of smartphones and smart devices. In India, for example, the telecom subscriber base reached 1.199 billion in March 2023, marking a slight decrease from the previous year. However, this figure underscores the vast potential for communication services in the region. With the shift towards remote work and home networking, digital infrastructure, including access points, SSD controllers, and gateways, has become essential.
Furthermore, government initiatives to develop smart cities and urban areas are driving the demand for advanced connectivity solutions. The deployment of 5G technology in countries like China and South Korea is also contributing to the growth of the market in APAC. Telecom operators are investing in Wi-Fi infrastructure to cater to the increasing mobile data traffic and meet the demands of bandwidth-intensive applications. Ensuring security is a crucial consideration for carrier Wi-Fi equipment as the use of smartphones and smart devices continues to grow.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for smartphones and connected devices is the key driver of the market.
The emergence of the 5G network is the upcoming trend in the market.
Inferior network infrastructure in developing regions is a key challenge affecting market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Carrier Wi-Fi equipment plays a crucial role in enabling wide-area mobility by providing high-speed internet connectivity to mobile users. With the increasing demand for data traffic from various bandwidth-intensive applications, telecom operators are turning to carrier-grade Wi-Fi solutions to offload mobile data traffic and enhance network capabilities. These solutions offer carrier-grade security, network management support, and are compatible with the latest Wi-Fi 6 technology. The carrier Wi-Fi market is witnessing significant growth due to digital transformation initiatives in enterprises and the rapid digitalization of various industries. The convergence of 5G technology and Wi-Fi infrastructure is further boosting the market growth.
Furthermore, carrier-grade Wi-Fi solutions are essential for smartphone usage in indoor applications, such as home networking and remote work, as well as in outdoor applications, such as public Wi-Fi hotspots and smart cities. Security concerns are a major factor driving the adoption of carrier-grade Wi-Fi equipment, especially in open networks. These solutions offer advanced security features to protect against cyber threats and ensure the privacy of mobile users. The use of virtualized network functions, cloud-based management, and Passpoint technology further enhances the network capabilities and user experience. The Internet of Things (IoT) and fintech innovations, such as digital banking, are also driving the demand for carrier-grade Wi-Fi solutions. These technologies require high-speed internet connectivity and low latency, making carrier Wi-Fi an ideal choice for enabling seamless connectivity and unified communications. The market is expected to continue growing as more industries embrace digital transformation and the use of smart devices becomes increasingly prevalent.
Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 24.8% |
Market growth 2024-2028 |
USD 2.76 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
19.5 |
Key countries |
China, US, Germany, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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