Global Wi-Fi Analytics Market Size, Share - Segmented by Component, Deployment, Location, Application, Industry Vertical, and Region - Growth, Trends, and Forecast (2022 - 2030)
The Wi-Fi analytics market is expected to reach USD 11.52 billion in 2023 from USD 2.6 billion in 2017, witnessing a CAGR of 27.9% during the forecast period 2018 - 2023.
The Wi-Fi analytics involves using of Wi-Fi access points to gain detailed insights on visitors, such as locations they visit and in which order, and how much they spend time at each location, and so on. It collects anonymous data from Wi-Fi-enabled smartphones and devices. The growing competition among online and offline resale stores has resulted in increase in demand of customer analytics, which gives the data about the customer’s buying behavior is positively impacting the growth of the market. A study by market states that, 78% of customers will only engage in offers if they are personalized to the previous engagements with the brand. The growing use of public Wi-Fi hotspots and growing emergence of shared data eco-system among the enterprises and retail stores is expected to boost the growth of Wi-Fi analytics market.
Increasing deployment of public Wi-Fi across physical venues and growing significance of customer analytics in brick-and-mortar businesses is driving the growth of the Wi-Fi analytics market, while security issues and stringent government regulations and policies are restraining the growth of the market.
Increasing use of Smart Phones is driving the Wi-Fi Analytics Market
Analyzing the movements of the crowd by using Wi-Fi signals have become popular in the recent years. As it is an era of digitalization, people are attracted toward using internet over smartphones, which gives more feasibility to the user. The increasing number of mobile applications and ecommerce facilities are enabling users to browse and store more information using internet. By using the Wi-Fi network, a system can easily extract the browsed and saved data by internet through Wi-Fi. The increasing disposal income and increasing population is leading to increase in the usage of smartphones. As more number of smartphones are used, more amount of data can be extracted, which leads to a significant growth of the market.
North America to be the Major Region over the Forecast Period
North America has a strong financial position, which enables it to invest heavily in advanced solutions and technologies. These advantages have provided the organizations in the region a competitive edge in the market. Moreover, the region has the presence of several major Wi-Fi analytics vendors, such as Cisco Systems (United States), Zebra Technologies (United States), Fortinet (United States), Ruckus Wireless (United States), and hence, there is a strong competition among the players. Moreover, the smartphone users in the country rose to 224.3 million in 2017 from 62.6 million in 2016. The growing trend for digitization has enabled the retail stores to provide in store Wi-Fi services. Once the customer avails the Wi-Fi services provided by customers, the retailers can analyze the interest of the customers. As more number of smartphones get connected, the retailers can provide more products and services based on customers’ interests. Henceforth, increasing penetration of smartphone users is positively impacting the retail market, which is, in turn, increasing the growth of the market.
Key Developments in Wi-Fi Analytics Market
Jun 2018: Cisco acquired July System, a company which delivers highly scalable SaaS cloud-based middleware platform for location services. The motto behind the acquisition is to provide a unified solution on which the partners and customers of both the companies can build and deliver a range of indoor location services for industries as diverse as healthcare, government, logistics, manufacturing, sports arenas, hotels, education, and retail
Feb 2018: Purple offers guest Wi-Fi analytics solution for free to small businesses. The Purple SMB enables a seamless guest Wi-Fi service that adheres to Corporate Data Protection Policies and General Data Protection Regulations, free of charge
Wi-Fi Analytics Market Major Players:
Cisco Systems Inc.
Euclid Analytics
Cloud4Wi
Purple Wi-Fi
Fortinet Inc.
RetailNext
Yelp Wi-Fi Inc.
Ruckus Wireless Inc.
Blix
Skyfii Limited
July Systems Inc.
Reasons to Purchase Wi-Fi Analytics Market Report
To understand the impact of government policies on the market
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in excel)
Customize Wi-Fi Analytics Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
The Wi-Fi analytics involves using of Wi-Fi access points to gain detailed insights on visitors, such as locations they visit and in which order, and how much they spend time at each location, and so on. It collects anonymous data from Wi-Fi-enabled smartphones and devices. The growing competition among online and offline resale stores has resulted in increase in demand of customer analytics, which gives the data about the customer’s buying behavior is positively impacting the growth of the market. A study by market states that, 78% of customers will only engage in offers if they are personalized to the previous engagements with the brand. The growing use of public Wi-Fi hotspots and growing emergence of shared data eco-system among the enterprises and retail stores is expected to boost the growth of Wi-Fi analytics market.
Increasing deployment of public Wi-Fi across physical venues and growing significance of customer analytics in brick-and-mortar businesses is driving the growth of the Wi-Fi analytics market, while security issues and stringent government regulations and policies are restraining the growth of the market.
Increasing use of Smart Phones is driving the Wi-Fi Analytics Market
Analyzing the movements of the crowd by using Wi-Fi signals have become popular in the recent years. As it is an era of digitalization, people are attracted toward using internet over smartphones, which gives more feasibility to the user. The increasing number of mobile applications and ecommerce facilities are enabling users to browse and store more information using internet. By using the Wi-Fi network, a system can easily extract the browsed and saved data by internet through Wi-Fi. The increasing disposal income and increasing population is leading to increase in the usage of smartphones. As more number of smartphones are used, more amount of data can be extracted, which leads to a significant growth of the market.
North America to be the Major Region over the Forecast Period
North America has a strong financial position, which enables it to invest heavily in advanced solutions and technologies. These advantages have provided the organizations in the region a competitive edge in the market. Moreover, the region has the presence of several major Wi-Fi analytics vendors, such as Cisco Systems (United States), Zebra Technologies (United States), Fortinet (United States), Ruckus Wireless (United States), and hence, there is a strong competition among the players. Moreover, the smartphone users in the country rose to 224.3 million in 2017 from 62.6 million in 2016. The growing trend for digitization has enabled the retail stores to provide in store Wi-Fi services. Once the customer avails the Wi-Fi services provided by customers, the retailers can analyze the interest of the customers. As more number of smartphones get connected, the retailers can provide more products and services based on customers’ interests. Henceforth, increasing penetration of smartphone users is positively impacting the retail market, which is, in turn, increasing the growth of the market.
Key Developments in Wi-Fi Analytics Market
Jun 2018: Cisco acquired July System, a company which delivers highly scalable SaaS cloud-based middleware platform for location services. The motto behind the acquisition is to provide a unified solution on which the partners and customers of both the companies can build and deliver a range of indoor location services for industries as diverse as healthcare, government, logistics, manufacturing, sports arenas, hotels, education, and retail
Feb 2018: Purple offers guest Wi-Fi analytics solution for free to small businesses. The Purple SMB enables a seamless guest Wi-Fi service that adheres to Corporate Data Protection Policies and General Data Protection Regulations, free of charge
Wi-Fi Analytics Market Major Players:
Cisco Systems Inc.
Euclid Analytics
Cloud4Wi
Purple Wi-Fi
Fortinet Inc.
RetailNext
Yelp Wi-Fi Inc.
Ruckus Wireless Inc.
Blix
Skyfii Limited
July Systems Inc.
Reasons to Purchase Wi-Fi Analytics Market Report
To understand the impact of government policies on the market
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in excel)
Customize Wi-Fi Analytics Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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