growing demand for smartphones and connected devices is driving the Carrier Wi-Fi Equipment Market
Technavio analyzes that the Carrier Wi-Fi Equipment Market is expected to grow at a CAGR of 24.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2763.4 million.There are various factors that contribute to the growth of the market. The Carrier Wi-Fi Equipment Market is experiencing significant growth due to the increasing demand for smartphones and connected devices. With the proliferation of IoT and the rise in mobile data usage, there is a pressing need for reliable and high-performance Wi-Fi networks. Carriers are investing heavily in upgrading their Wi-Fi infrastructure to meet the demands of their subscribers and provide seamless connectivity. This trend is expected to continue as the number of connected devices continues to increase.
The fixed carrier segment dominates the global carrier Wi-Fi equipment market, with providers installing receivers at designated locations for seamless communication with nearby wireless base stations. This setup delivers high-speed internet access via a cable connecting the receiver to the router. In today's rapidly digitalizing business landscape, the demand for carrier-grade Wi-Fi solutions has escalated. Vendors, such as Nokia Corp. and MediaTek, are at the forefront of innovation, having achieved the world's first 5G Standalone (5G SA) spectrum aggregation using 3 Component Carrier (3CC) technology in October 2021. This advancement in wireless technology supports digital transformation initiatives for enterprises, enabling unified communications, cloud-based applications, and virtualized network functions, as well as digital banking and fintech innovations.
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Carrier Wi-Fi Equipment Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Carrier Wi-Fi Equipment Market is experiencing significant growth due to the increasing demand for high-speed Internet and wide-area mobility. Carrier-grade security, network management support, and RAN network integration are key features. Unlicensed Wi-Fi spectrum and Hotspot 2.0 enable cellular offloading and interior coverage. Security concerns and open networks are addressed with Carrier-grade security. Brocade Communications and Wi-Fi access points lead the market. Network capabilities include high-speed data, digital transformation, IoT technologies, and connected devices. Wi-Fi 6-compatibility, broadband network integration, cloud-based management, virtualized network functions, and Passpoint are emerging trends. Telecom Operators seek to alleviate mobile data traffic, smartphone usage, and network congestion with 5G technology and Wi-Fi offloading.
The Carrier WiFi Equipment market is a significant segment of the broader Communications Equipment Market, encompassing manufacturers of specialized equipment for wide-area mobility solutions. Key features of Carrier WiFi Equipment include network management support, carrier-grade security, and compatibility with RAN networks. This market is driven by the growing demand for cellular offloading and the utilization of unlicensed Wi-Fi spectrum to enhance network capabilities. Security concerns and the shift towards open networks are also major factors influencing market growth. Brocade Communications, among other leading players, is a key contributor to this market. The Communications Equipment Market, in general, is projected to grow substantially due to the increasing number of data centers and capacity expansions by hyperscalers, necessitating substantial investments in communication infrastructure.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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