Saudi Arabia Managed Wi- Fi Solution Market
Saudi Arabia Managed Wi- Fi Solution Market to Grow at a CAGR of 15.10% during Forecast Period
Published | 29 November 2022
Saudi Arabia Managed Wi- Fi Solution market is growing at a high CAGR because of the increasing demand for smart city projects as well as the expanding digital technology. However, risks associated with data and privacy may act as a huge restraining factor for the market growth.
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia Managed Wi- Fi Solution market is projected to grow at a CAGR of 15.10% during the forecast period. Saudi Arabia managed Wi- fi solution market is booming because of the expanding digital technology, as well as the increased smart city projects. However, data and privacy risks may be a huge restraining factor for market growth.
Expanding Digital Technology is Driving Managed Wi-Fi solution Market
Due to the rapid advancement of technology, connected gadgets, digital solutions, and IoT systems are becoming more prevalent. The growth of managed Wi-Fi solution market is being greatly aided by the rising popularity of digital solutions. Additionally, the growing popularity of WI-FI as a Solution would be influenced by the expanding smartphone market. More people will be able to use their smartphones to engage with one other remotely for work as the number of smartphone users increases. In order to engage clients in fresh and interesting ways, businesses everywhere are prepared to introduce technologically cutting-edge apps across all of their sectors, necessitating the use of premium wireless network connections like Wi-Fi.
Smart City projects is Driving the Managed Wi-Fi solution Market
Opportunities for suppliers of various technologies and providers of related services are presented by the growth of smart cities. New solutions based on urban infrastructure development and conceptual design models have been developed as a result of increased government operations and growing public awareness of environmental challenges. IoT, which incorporates new technologies, cloud, mobility, data transfer, and sensors, is being used increasingly in smart city initiatives. Internet connectivity has improved due to quick and ongoing technological advancements, which have enabled the full development of these smart cities in Saudi Arabia.
Risks Associated With Data and Privacy Is the Hindrance for Market Growth
Maintaining the security and privacy of corporate data is essential for firms. Companies are cautious about moving their data and information to the cloud; as a result, preferring to rely on the traditional Wi-Fi network. Another significant problem is the possibility of natural disasters or cyberattacks destroying data centers, cutting off internet connectivity, and consequently affecting several business activities. Regardless of their size, data hackers can cause serious losses to corporations. Backups could take longer than with an internal solution because it is a cloud-based wireless internet service with higher connection lag.
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WLAN controllers segment is anticipated to expand at a faster CAGR
Based on components, the managed Wi-Fi solution market is segmented into solutions and services. Among solution, it is further segmented into access Points and WLAN controllers. During the projection period, the Wireless Local Area Network (WLAN) controllers segment is anticipated to expand at a faster CAGR. Network operation teams use WLAN controllers to configure, maintain, and control Access Points (APs) spread out over many areas. It is crucial for businesses to select the proper controllers to meet Wi-Fi network requirements. The number of controllers chosen often depends on how many people are anticipated to utilize and connect to the Wi-Fi network. For instance, compared to small and medium-sized businesses, large businesses serve a greater number of Wi-Fi customers (SMEs). The Wi-Fi solution market's revenue was dominated by access points. Wireless devices, also referred to as smart devices, use access points to join any neighboring network and access the internet.
Impact of COVID-19 on Saudi Arabia Managed Wi- Fi Solution Market
The growth of the Wi-Fi solution market is anticipated to be significantly impacted by the COVID-19 outbreak. Because of the mandated lockdown, demand for Wi-Fi services has increased due to the rising trend of people working from home. This has significantly aided in the Wi-Fi industry's ongoing income production and consequent market expansion. The IT and telecom sectors are essential in supporting digital infrastructure during the COVID-19 pandemic. To help with the smooth delivery of e-learning and health care during the pandemic, the major telecom companies in Saudi Arabia, namely the Saudi Telecom Company (STC), have announced free-of-charge data services to the most popular educational platforms as well as health and telehealth applications.
Key players operating in Saudi Arabia's Managed Wi-Fi Solutions market are Vodafone, Cisco Systems, Megapath, WiFi Spark, Fujitsu, Comcast Business, Mojo Networks, Verizon, Purple, Aruba, STC, Wafai Net, Creative Solutions, Ctelecoms, and other prominent players. These players have adopted various marketing strategies, such as new service launches and partnerships, to expand their presence further as a service market and broaden their customer base.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia Managed Wi- Fi Solution market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Managed Wi- Fi Solution market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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