Major players in the wireless internet services market are Cisco Systems, Inc., Huawei Technologies Co. Ltd., ARRIS International, Aerohive Networks, Singtel, Rogers Communications, Telstra Corporation, Viasat, ADTRAN and Aruba.
The global wireless internet services market is expected to grow from $557.74 billion in 2020 to $571.48 billion in 2021 at a compound annual growth rate (CAGR) of 2.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $725.32 billion in 2025 at a CAGR of 6%.
The wireless internet services market consists of sales of wireless internet services and related products that offer internet access services over wireless communication network to consumers and businesses. Wireless Internet service is a form of internet service, which offers wireless connectivity.
The government initiatives aiming at developing infrastructure is a key factor driving the growth of the wireless internet services market.With growing government initiatives and environmental campaigns taking center stage, technology providers and specialists have actively started simulating creative solutions based on technical modules for the design and growth of urban infrastructure in several regions.
For instance, in India, the successful execution of smart city projects is heavily dependent on technologies such as data connectivity, cloud, mobility, and sensors, all shaping IoT together.According to the Ministry of Electronics and IT, the government has increased the outlay for the digital India program by 23% to 3,958 crores for 2020-21 compared to actual allocation in the current fiscal.
The increase has been mainly on account of incentives to be given for electronic manufacturing, research, and development, development of manpower for the segment, cybersecurity, and promotion of IT and IT-enabled services. Therefore, government initiatives for smart city projects is expected to drive the growth of the wireless internet services market.
The companies in the wireless internet services market are increasingly implementing Li-Fi (Light Fidelity) technology to improve their service offerings.Li-Fi or light fidelity uses light signals to transfer data between devices and produces a greater range than Wi-Fi, with transmission speeds of up to 224 gigabits per second.
Smart homes will rely on Li-Fi technology in the future because it is faster and more reliable as light cannot penetrate through walls, and the signal cannot be compromised from a remote location.For instance, Oledcomm is releasing a robust Network for LiFi optical wireless networking solutions for B2B & B2 G in 2020.
With the launch of MyLiFi in 2018 and LiFiMAX in 2019, the Internet of High Speed via Invisible Light, Oledcomm is expanding its global leadership in LiFi.
The wireless internet services market covered in this report is segmented by type into community hotspots, public hotspots and by application into education, financial services, healthcare, hospitality, retail, telecom & IT, transportation, others.
The security and privacy concerns are hampering the growth of the wireless internet services market.With an increase in the number of devices, many security and privacy concerns have emerged and every source, gateway, sensor, and smartphone has become a potential hacking target.
Any disruption to business processes can have a huge effect on the company as a whole.Connecting to free public Wi-Fi raises business risks caused by third party interception of client data because hackers are able to position themselves between the employees who use the Wi-Fi and the point of contact.
Hackers can also use an unsecured Wi-Fi connection to spread malware, getting compromised apps on the computers and devices will make the company financially disruptive. Therefore, the security and privacy concerns are expected to hinder the growth of the wireless internet services market.
In April 2019, AirTies, a provider of managed in-home Wi-Fi solutions acquired Technicolor’s for an undisclosed amount.The acquisition of Technicolor’s talented team further scales AirTies software development and management capabilities to meet the increasing demand for Smart Wi-Fi.
Technicolor’s, a Paris based company, Wi-Fi Management Software Business.
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