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Global Wi-Fi Analytics Market to Reach $22.8 Billion by 2026SAN FRANCISCO, Aug. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wi-Fi Analytics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global Wi-Fi Analytics Market to Reach $22.8 Billion by 2026 Amid the COVID-19 crisis, the global market for Wi-Fi Analytics estimated at US$7 Billion in the year 2020, is projected to reach a revised size of US$22.8 Billion by 2026, growing at a CAGR of 21.8% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record 20.4% CAGR and reach US$19.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 25.8% CAGR for the next 7-year period. The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $2.1 By 2026 The penetration of public Wi-Fi is increasing owing to measures by private players as well as governments in a bid to expand internet coverage and improve user experience. Public transit places such as airports and railway stations routinely provide free Wi-Fi in a bid to make them user friendly. In addition, retail spaces such as malls and shops are providing public Wi-Fi services to provide an improved user experience as well as to analyze user behavior within their premises. Digital initiatives such as smart cities are also driving public Wi-Fi installations across the world, providing an avenue for the growth of the Wi-Fi analytics market. Increasing penetration of Wi-Fi enabled devices such as smartphones and laptops, as well as the penetration of public Wi-Fi services are driving the market for Wi-Fi analytics. Smartphone penetration is increasing at a significant pace and majority of the global population now uses a smartphone. The availability of cheaper smartphones with advanced features is driving the market and increasing adoption of smartphones worldwide. The increasing smartphone penetration is enabling establishments to tap analyze behavior using Wi-Fi analytics. The adoption of Internet of Things (IoT) and application of big data analytics are expected to further boost the market prospects for Wi-Fi analytics. IoT and Big Data analytics penetration is increasing across the world. Big Data analytics are being implemented across businesses to study consumer behavior to provide better service and improve revenues. Wi-Fi analytics enable businesses to collect and analyze consumer data within their premises, and the implementations are driving the market for Wi-Fi analytics. With 5G services and IoT on the cusp of mass adoption, the deluge of data is expected to increase further. Artificial Intelligence (AI) and Machine Learning (ML) have the potential to be game changers in Wi-Fi analytics. Present Wi-Fi analytics solutions are capable of providing insightful inputs into consumer behavior. However, AI and ML have the potential to automate the analyses, especially in dense areas such as shopping malls, sports stadia, and hospitals. In addition, the advent of IoT would provide a deluge of data for Wi-Fi analytics and AI & ML would enable faster analysis of the data in such instances. The automation of the analyses would enable the IT departments to utilize resources freed from the activities to other tasks. Strict regulations are resulting in the strengthening the Wi-Fi analytics market. In particular the GDPR regulation, which came into effect in 2019 in the EU, mandates all processors and controllers managing personal data of EU residents to put into place strict security measures to prevent any security or data breach. These regulations are expected to result in a greater need for secure application of Wi-Fi analytics that ensure compliance with various regulatory specifications. More MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years. CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media
SOURCE Global Industry Analysts, Inc. 
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