The Global Wi-Fi Analytics Market size is expected to reach $27.5 billion by 2030, rising at a market growth of 22.2% CAGR during the forecast period.
Wi-Fi analytics in retail enables businesses to engage with customers more effectively. Therefore, the retail segment acquired $1,295.4 million in 2022. Retailers use insights from Wi-Fi analytics to understand customer behaviors, preferences, and shopping patterns, allowing for personalized interactions and targeted promotions. It enables retailers to deliver personalized marketing messages and promotions to customers in real-time. By understanding customer preferences and behaviors, retailers can tailor promotions to individual shoppers, increasing the relevance of marketing communications and driving engagement. It assists retailers in optimizing inventory management. By analyzing customer traffic and product popularity, retailers can adjust stocking strategies, ensure product availability, and minimize stockouts or overstock situations, improving overall inventory efficiency. Some of the factors impacting the market are advancements in wireless technologies, proliferation of connected devices, and data privacy and security concerns.
Ongoing advancements in wireless technologies, such as the deployment of 5G networks, improve Wi-Fi networks' overall capabilities and performance. This, in turn, enhances the potential for Wi-Fi analytics to deliver faster and more efficient data processing. Wi-Fi 6, the most recent Wi-Fi standard, provides considerable advances in speed, capacity, and efficiency. Wi-Fi 6 offers technologies that improve user experience and facilitate more effective data handling, such as Target Wake Time (TWT) and Orthogonal Frequency Division Multiple Access (OFDMA). It leverages these improvements to provide more accurate and detailed insights. Multi-User Multiple Input Multiple Output (MU-MIMO) technology allows Wi-Fi routers to communicate with numerous devices simultaneously rather than sequentially. This enhances network efficiency and reduces latency, making it beneficial for applications requiring real-time data, such as those supported by Wi-Fi analytics platforms. Additionally, the increasing number of connected devices, like smartphones, tablets, IoT devices, and smart appliances, contributes to the growth of Wi-Fi analytics. Organizations leverage Wi-Fi analytics to manage and optimize the performance of these devices within their networks. The increasing number of connected devices necessitates efficient utilization of network resources. Its solutions help organizations optimize network configurations, allocate bandwidth appropriately, and ensure a seamless connectivity experience for users across various devices. The proliferation of connected devices extends to smart homes, where Wi-Fi analytics enhances the management of various smart devices. Analyzing data from smart thermostats, security cameras, and other connected devices contributes to an integrated and efficient smart home experience. This integration is valuable for smart city initiatives, where data from various sources, including transportation, public safety, and utilities, can be analyzed for improved urban living. Proliferation of connected devices has been a pivotal factor in driving the growth of the market.
However, one of the primary challenges is the need to address data privacy and security concerns. Wi-Fi analytics involves collecting and analyzing data related to user behavior, which raises issues regarding protecting sensitive information. Heightened awareness of data privacy issues has led to increased scrutiny and stringent regulations globally. Failure to comply with these standards can result in legal implications, fines, and damage to the reputation of Wi-Fi analytics providers. This regulatory landscape can slow down the market as providers navigate compliance challenges. Its solutions that operate across borders may encounter challenges related to differing data protection laws and regulations. Data privacy and security concerns may slow down the expansion of the market.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Cisco Systems Inc., Aruba Networks (Hewlett Packard Enterprise Company), Fortinet, Inc., Extreme Networks, Inc., Hughes Network Systems, LLC (EchoStar Corporation), Singtel (Temasek Holdings (Private) Limited), MetTel, GoZone WiFi LLC, Bloom Intelligence LLC, and Cloud4Wi, Inc.
Wi-Fi analytics in retail enables businesses to engage with customers more effectively. Therefore, the retail segment acquired $1,295.4 million in 2022. Retailers use insights from Wi-Fi analytics to understand customer behaviors, preferences, and shopping patterns, allowing for personalized interactions and targeted promotions. It enables retailers to deliver personalized marketing messages and promotions to customers in real-time. By understanding customer preferences and behaviors, retailers can tailor promotions to individual shoppers, increasing the relevance of marketing communications and driving engagement. It assists retailers in optimizing inventory management. By analyzing customer traffic and product popularity, retailers can adjust stocking strategies, ensure product availability, and minimize stockouts or overstock situations, improving overall inventory efficiency. Some of the factors impacting the market are advancements in wireless technologies, proliferation of connected devices, and data privacy and security concerns.
Ongoing advancements in wireless technologies, such as the deployment of 5G networks, improve Wi-Fi networks' overall capabilities and performance. This, in turn, enhances the potential for Wi-Fi analytics to deliver faster and more efficient data processing. Wi-Fi 6, the most recent Wi-Fi standard, provides considerable advances in speed, capacity, and efficiency. Wi-Fi 6 offers technologies that improve user experience and facilitate more effective data handling, such as Target Wake Time (TWT) and Orthogonal Frequency Division Multiple Access (OFDMA). It leverages these improvements to provide more accurate and detailed insights. Multi-User Multiple Input Multiple Output (MU-MIMO) technology allows Wi-Fi routers to communicate with numerous devices simultaneously rather than sequentially. This enhances network efficiency and reduces latency, making it beneficial for applications requiring real-time data, such as those supported by Wi-Fi analytics platforms. Additionally, the increasing number of connected devices, like smartphones, tablets, IoT devices, and smart appliances, contributes to the growth of Wi-Fi analytics. Organizations leverage Wi-Fi analytics to manage and optimize the performance of these devices within their networks. The increasing number of connected devices necessitates efficient utilization of network resources. Its solutions help organizations optimize network configurations, allocate bandwidth appropriately, and ensure a seamless connectivity experience for users across various devices. The proliferation of connected devices extends to smart homes, where Wi-Fi analytics enhances the management of various smart devices. Analyzing data from smart thermostats, security cameras, and other connected devices contributes to an integrated and efficient smart home experience. This integration is valuable for smart city initiatives, where data from various sources, including transportation, public safety, and utilities, can be analyzed for improved urban living. Proliferation of connected devices has been a pivotal factor in driving the growth of the market.
However, one of the primary challenges is the need to address data privacy and security concerns. Wi-Fi analytics involves collecting and analyzing data related to user behavior, which raises issues regarding protecting sensitive information. Heightened awareness of data privacy issues has led to increased scrutiny and stringent regulations globally. Failure to comply with these standards can result in legal implications, fines, and damage to the reputation of Wi-Fi analytics providers. This regulatory landscape can slow down the market as providers navigate compliance challenges. Its solutions that operate across borders may encounter challenges related to differing data protection laws and regulations. Data privacy and security concerns may slow down the expansion of the market.
Type Outlook
Based on type, the market is classified into Wi-Fi presence analytics, Wi-Fi marketing analytics, and Wi-Fi advertising analytics. In 2022, the Wi-Fi presence analytics segment dominated the market with maximum revenue share. Wi-Fi presence analytics enable businesses to deliver personalized marketing messages and advertisements based on Wi-Fi-connected devices' real-time location and behavior. This targeted approach improves the relevance of promotions and increases the likelihood of customer engagement. Public spaces like airports, transportation hubs, and city centers leverage Wi-Fi presence analytics for crowd management, security, and infrastructure optimization. Insights into people flow, and congestion help authorities make data-driven decisions to improve public space efficiency.Deployment Outlook
On the basis of deployment, the market is divided into on-premise and cloud. The on-premise segment recorded a remarkable revenue share in the market in 2022. On-premise deployment facilitates low-latency data processing and real-time analytics. This is particularly important for applications where timely insights are critical, such as retail environments, where real-time data can drive personalized customer experiences and optimize operations on the shop floor. On-premise Wi-Fi analytics solutions offer a high degree of customization and flexibility. Organizations can tailor the analytics platform to meet specific requirements, integrate it seamlessly with existing IT infrastructure, and adapt the solution to unique use cases and industry needs.Component Outlook
By component, the market is categorized into software and services. The services segment covered a considerable revenue share in the market in 2022. Training services are essential for organizations to maximize the benefits of Wi-Fi analytics. Service providers offer training sessions to IT administrators, network engineers, and end-users to ensure a deep understanding of the analytics platform. Knowledge transfer empowers organizations to manage and leverage the capabilities of Wi-Fi analytics independently. Service providers conduct network assessments to evaluate Wi-Fi networks' performance, coverage, and efficiency. Through optimization services, organizations receive recommendations for improving network configurations, addressing bottlenecks, and enhancing the overall performance of Wi-Fi infrastructure.End-use Outlook
By end-use, the market is fragmented into retail, restaurants/hospitality, travel & transportation, smart cities & communities, education, and others. In 2022, the restaurants/hospitality segment led the market by generating highest revenue share. Offering Wi-Fi access to guests has become a standard expectation in the hospitality sector. It allows restaurants and hotels to provide secure and seamless internet access, enhancing the overall guest experience and satisfaction. It enables personalized customer engagement. Restaurants and hotels can use insights from guest Wi-Fi usage to tailor promotions, send personalized offers, and create targeted marketing campaigns, enhancing guest satisfaction and loyalty. In hotels and conference venues, It assists in managing conferences and events. Understanding attendee movements, preferences, and connectivity needs helps optimize event layouts, improve attendee experiences, and provide reliable internet access during events.Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. North America has a high connectivity and internet penetration level, making Wi-Fi ubiquitous. The region boasts advanced technological infrastructure, supporting the deployment of Wi-Fi analytics solutions. With a significant presence in North America, the retail and hospitality sectors have embraced Wi-Fi analytics to enhance customer experiences. The education sector in North America has witnessed technology integration in classrooms and campuses.The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Cisco Systems Inc., Aruba Networks (Hewlett Packard Enterprise Company), Fortinet, Inc., Extreme Networks, Inc., Hughes Network Systems, LLC (EchoStar Corporation), Singtel (Temasek Holdings (Private) Limited), MetTel, GoZone WiFi LLC, Bloom Intelligence LLC, and Cloud4Wi, Inc.
Strategies deployed in the Market
- Dec-2023: Fortinet, Inc. Introduced 'FortiSwitch Rugged 424F'. The Rugged 424F is engineered for use in challenging outdoor conditions, particularly suitable for digital substations and the power utility sector.
- May-2022: Extreme Networks, Inc. came into partnership with Verizon Business, a US-based IT Services and IT Consulting company. Through this partnership, Extreme Networks, Inc. would be providing connectivity and network insights to extensive venues and stadiums throughout the Asia Pacific and European regions.
- Jan-2022: Extreme Networks, Inc. came into partnership with Manchester United, a Football club. Through this partnership, Extreme Networks, Inc. would deliver wifi network solution with official wifi analystics. Moreover, Extreme would assist Manchester United in obtaining immediate network analytics for making personalized and well-informed decisions regarding both the fan experience and overall venue operations.
- Jul-2020: Cisco Systems Inc. took over Fluidmesh Networks, a wireless services company in Brooklyn, NY. Through this acquisition, Cisco Systems Inc. would enhance its portfolio of industrial wireless solutions to cater to industries with mobile assets and critical applications.
- Aug-2019: Extreme Networks, Inc. took over Aerohive Networks, a US-based communications equipment company. Through this acquisition, Extreme Networks, Inc. would enhance the range of end-to-end, edge-to-cloud software-driven networking solutions. Additionally, it broadens Extreme's technological leadership in Wi-Fi and NAC by introducing cloud-managed solutions alongside its existing on-premises Wi-Fi and NAC technology.
- Apr-2019: Cisco Systems Inc introduced 'Wi-Fi 6' the new standard for Wi-Fi network. The Wi-Fi 6 help customers embrace a new age of wireless connectivity.
Scope of the Study
Market Segments Covered in the Report:
By Component- Software- Services
- Wi-Fi Marketing Analytics
- Wi-Fi Advertising Analytics
- On-premise
- Smart Cities & Communities
- Travel & Transportation
- Retail
- Education
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems Inc.
- Aruba Networks (Hewlett Packard Enterprise Company)
- Fortinet, Inc.
- Extreme Networks, Inc.
- Hughes Network Systems, LLC (EchoStar Corporation)
- Singtel (Temasek Holdings (Private) Limited)
- MetTel
- GoZone WiFi LLC
- Bloom Intelligence LLC
- Cloud4Wi, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Wi-Fi Analytics Market, By Component
Chapter 6. Global Wi-Fi Analytics Market, By Type
Chapter 7. Global Wi-Fi Analytics Market, By Deployment
Chapter 8. Global Wi-Fi Analytics Market, By End-use
Chapter 9. Global Wi-Fi Analytics Market, By Region
Chapter 10. Company Profiles
Companies Mentioned
- Cisco Systems Inc.
- Aruba Networks (Hewlett Packard Enterprise Company)
- Fortinet, Inc.
- Extreme Networks, Inc.
- Hughes Network Systems, LLC (EchoStar Corporation)
- Singtel (Temasek Holdings (Private) Limited)
- MetTel
- GoZone WiFi LLC
- Bloom Intelligence LLC
- Cloud4Wi, Inc.
Methodology
LOADING...
