Carrier Wi-Fi Market is anticipated to grow significantly between 2023 and 2032 due to the advent of this network as a significant B2B asset capable of providing interior coverage as well as additional capacity in crowded regions. Additionally, rising demand for high data speed, low latency, and capacity resulting from the rapid digital transformation and greater reliance on the Internet will drive industry expansion further.
Carrier Wi-Fi is a feature in Android 9 and other such modern versions that allows devices to link to Wi-Fi networks provided by carriers. This technology automatically syncs to specific carrier Wi-Fi networks in situations with limited cell service or high congestion, such as subway stations or stadiums.
Increasing investments in IoT technologies and the growing usage of connected devices are two main aspects set to shape the worldwide carrier Wi-Fi market dynamics through 2032. Moreover, the escalating number of active connected IoT devices will drive the demand for higher capacity, boosting the adoption of carrier Wi-Fi equipment. Furthermore, the growing significance of wireless communication, along with increasing production of carrier-grade Wi-Fi 6 by connectivity solutions suppliers, will boost market growth from 2023 to 2032.
The Russia-Ukraine conflict has caused disruptions in internet connectivity and the expansion of the digital economy. However, digital technologies have played a significant role in ensuring access to online services, even when they are displaced. Besides, as the war intensifies, the frequency of cyberattacks has grown, which will also influence the advancement of technology and e-commerce. The aforementioned factors are projected to have an impact on the carrier Wi-Fi industry development over the forecast timeframe.
From the application perspective, the carrier Wi-Fi market share from the BFSI segment is estimated to expand at a rapid pace between 2023 and 2032, owing to the mounting preference for digital banking amid the ongoing COVID-19 pandemic, as well as the widespread adoption of wireless technology.
Based on end-use, the carrier Wi-Fi market from the enterprises segment is slated to observe notable growth through 2032. The rapid digitalization across organizations is set to be the key contributor to this segment's expansion from 2023 to 2032.
Regionally, the North America carrier Wi-Fi industry is anticipated to develop exponentially through 2032, owing to the booming smartphone sales and the introduction of upgraded connectivity solutions in the region.
ADTRAN, Ruckus Wireless (CommScope), Motorola Solutions, Alcatel-Lucent (China Huaxin Post & Telecom Technologies Co., Ltd.), Ericsson, Aruba Networks (HPE), Hewlett-Packard, BelAir Networks, Airspan, and Cisco Systems are some of the major companies operating in the global carrier wi-fi market.