Dublin, Nov. 18, 2020 (GLOBE NEWSWIRE) -- The "Wi-Fi Analytics Market Research Report: By Component, Application, Deployment, End Use - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The web conferencing market is expected to reach a value of $78,547.9 million by 2030, from $2,109.3 million in 2019, and is projected to progress at a 39.3% CAGR during the forecast period (2020-2030).
When offering is taken into consideration, the market is divided into service and solution, between which, the solutions division held the larger share of the market in 2019. This is due to the rising requirement for web conferencing solutions for effective collaboration and communication. Due to the rising preference for remote working, businesses are widely adopting web conferencing solutions for effective collaboration among various departments.
The current global crisis due to COVID-19 has compelled companies to come up with innovative solutions which will allow employees to work without being afraid of contracting the virus. Attributed to this, several businesses have now adopted the work-from-home model, thereby allowing people to avoid unnecessary travel. It has further been found that employees who work remotely can work for an additional 1.4 days per month, as compared to normal working situation. This means that employees are able to contribute an additional 17 workdays, thereby increasing the productivity.
The remote working situation, while being a comfortable option for employees, need to be effective for the employers as well. This means that the communication between employers and employees need to be free of any kind of interruption, just like actual meetings. In order for this to happen, companies are increasingly making use of web conferencing solutions, which enables them to combine the benefits of a phone conversation with those of a live video. These solutions further provide the ability of instant messaging and conducting meetings at any time and from anywhere. Due to this, the global web conferencing market is predicted to grow at a significant pace in the years to come.
These days, the demand for cloud-based web conferencing solutions has also risen considerably as compared to conventional web conferencing solutions, which primarily due to the fact that the cost of these solutions is lower than their counterparts. Moreover, cloud-based systems do not need on-site data servers, which requires huge operational expenditure. In addition to this, with cloud-based web conferencing, updates of features are automatically installed on the devices of the users. Moreover, the scalability of these solutions is limitless, which offers businesses with additional advantages.
Geographically, North America dominated the web conferencing market during the historical period (2014-2019), which is owing to the early adoption of novel technologies, technological inclined population, and large IT spending in the region. Moreover, the rising penetration of high-speed internet and presence of a large number of enterprises are also driving the demand for web conferencing in the region. Apart from this, the Asia-Pacific region is expected to register the highest CAGR during the forecast period, because of the surging sales of smartphones, rising penetration of internet, and strong economic development in major countries in the region.
Hence, the demand for web conferencing is growing due to the rising demand for remote working conditions, which, in turn, is because of the spread of COVID-19.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
Chapter 3. Executive Summary
3.1 Voice of Industry Experts/KOLs
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
22.214.171.124.1.2 Support and maintenance
4.1.2 By Application
126.96.36.199 Wi-Fi presence analytics
188.8.131.52 Wi-Fi marketing analytics
4.1.3 By Deployment
4.1.4 By End Use
184.108.40.206 Smart infrastructure
220.127.116.11 Sports and entertainment
4.2 Value Chain Analysis
4.3 Market Dynamics
18.104.22.168 Increasing adoption of social media for customer engagement
22.214.171.124 Rising number of smartphones
126.96.36.199 Surging public Wi-Fi deployment
188.8.131.52 Proliferating big data technology
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 Privacy and data security concerns
18.104.22.168 Stringent government regulations
22.214.171.124 Impact analysis of restraints on market forecast
126.96.36.199 Rising deployment of IoT across organizations
4.4 Impact of COVID-19 on Wi-Fi Analytics Market
4.4.1 COVID-19 Scenario
4.4.2 Future Scenario
4.5 Porter's Five Forces Analysis
Chapter 5. Regulatory Landscape
5.1 General Data Protection Regulation (GDPR)
5.2 California Consumer Privacy Act (CCPA)
5.3 Cloud Standards Customer Council (CSCC)
Chapter 6. Case Studies
6.1 Purple Wifi Ltd.
6.1.1 PizzaExpress UK Case Study
6.1.2 McDonald's Case Study
6.1.3 Miami HEAT Case Study
6.2 Cloud4Wi Inc.
6.2.1 Almod Diamonds Case Study
6.2.2 PerDormire Case Study
6.3.1 Le Souk Restaurant and Lounge Case Study
6.3.2 New Zealand Airport Case Study
6.3.3 Automotive Brand Case Study
Chapter 7. Global Market Size and Forecast
7.1 By Component
7.1.1 Component Market, by Services
188.8.131.52 Services market, by professional services
7.2 By Application
7.3 By Deployment
7.4 By End Use
7.5 By Region
Chapter 8. North America Market Size and Forecast
Chapter 9. Europe Market Size and Forecast
Chapter 10. APAC Market Size and Forecast
Chapter 11. LATAM Market Size and Forecast
Chapter 12. MEA Market Size and Forecast
Chapter 13. Major Markets for Wi-Fi Analytics
13.1 U.S. Wi-Fi Analytics Market
13.2 China Wi-Fi Analytics Market
13.3 U.K. Wi-Fi Analytics Market
13.4 Germany Wi-Fi Analytics Market
13.5 Japan Wi-Fi Analytics Market
Chapter 14. Competitive Landscape
14.1 List of Players and Their Offerings
14.2 Major Players in Wi-Fi Analytics Market
14.3 Competitive Benchmarking of Key Players
14.4 Strategic Developments in the Market
Chapter 15. Company Profiles
15.1 Skyfii Limited
15.2 Purple Wifi Ltd.
15.3 Cloud4Wi Inc.
15.4 Cisco Systems Inc.
15.5 GoZone WiFi LLC
15.6 Yelp Inc.
15.7 Blix Traffic
15.8 Aruba Networks Inc.
15.9 Fortinet Inc.
15.10 Bloom Intelligence LLC
For more information about this report visit https://www.researchandmarkets.com/r/vhtoag
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