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 USD 569.2 billion in 2019 to about USD 968.7 billion in 2020 as the spread of Covid-19 and the lockdown as a result of it has led to a sharp increase in the demand for wireless internet services. People are at home all day and involved in work-from-home, connecting remotely with their peers, and increasingly using internet services for both work and entertainment. The market is expected to stabilize and reach USD 717.9 billion at a CAGR of 6% through 2023.
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 Global Wireless Internet Services Market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the wireless internet services market in 2019.
The companies in the wireless internet services market are increasing implementing Li-Fi (Light Fidelity) technology to improve its 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 the 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.
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, 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 official data from the Ministry of Housing and Urban Affairs, projects valued Rs 33,970 crore were tendered between January 2016 (when the first batch of 20 smart cities was selected through a competitive process) and January 2018, it increased by 270% in one year to Rs 1,26,000 by February 2019. In January 2018, the value of the grounded or completed projects stood at Rs 19,041 Crore, this increased by 319% in 2019. Therefore, the government initiatives for smart city projects are expected to drive the growth of the wireless internet services market.
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Ankur Gupta, Head Marketing & Communications