Cloud Managed Wi-Fi Market Overview
As per MRFR analysis, the Cloud Managed Wi-Fi Market Size was estimated at 8.31 (USD Billion) in 2022.
The Cloud Managed Wi-Fi Market is expected to grow from 9.61 (USD Billion) in 2023 to 35.44 (USD Billion) by 2032. The Cloud Managed Wi-Fi Market CAGR (growth rate) is expected to be around 15.61% during the forecast period (2024 - 2032).
Key Cloud Managed Wi-Fi Market Trends Highlighted
The global cloud-managed Wi-Fi market is witnessing significant growth, driven by the increasing demand for seamless connectivity, enhanced security, and centralized management.
The adoption of cloud-managed Wi-Fi solutions enables businesses to simplify network management, improve performance, and reduce operational costs.
Key market drivers include the growing prevalence of IoT devices, the need for secure and reliable Wi-Fi networks, and the rise of remote work and hybrid work models.
Emerging opportunities in the cloud-managed Wi-Fi market include the integration of AI and machine learning for network optimization, the development of Wi-Fi 6E and Wi-Fi 7 technologies, and the expansion of cloud-managed Wi-Fi solutions into new verticals.
Recent trends in the market include the increasing adoption of cloud-managed Wi-Fi in healthcare, education, and retail sectors, the growing emphasis on network security and compliance, and the integration of cloud-managed Wi-Fi with other cloud services, such as unified communications and network monitoring.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud Managed Wi-Fi Market Drivers
Increasing Adoption of Cloud-Based Networking Solutions
The main driver of the Cloud Managed Wi-Fi Market is the increasing adoption of cloud-based networking solutions. Business owners prefer using cloud-based alternatives since they are flexible, cheaper, and more scalable than traditional on-premises approaches.
In addition, the use of cloud-managed Wi-Fi solutions is also positively impacted by the rising popularity of BYOD policies.
Companies are increasingly shifting their operations to the cloud, and the number of personal smartphones and tablets employees use for work is growing at the same time, which amplifies the necessity for secure and reliable Wi-Fi connection.
The growing number of IoT devices is similarly driving the demand for cloud-managed Wi-Fi solutions because these devices also require secure and reliable connections to function properly.
As has already been mentioned, the main driver of the Cloud Managed Wi-Fi Market is the growing adoption of cloud-based networking solutions, which is influenced by a number of factors.
These include the preference for more flexible, scalable, and cheaper solutions, the rising popularity of BYOD policies, and the increasing number of IoT devices.
Rising Demand for Enhanced Security
Another major driver of the Cloud Managed Wi-Fi Market is the rising demand for enhanced security. With the increasing number of cyber threats, businesses are increasingly looking for ways to improve the security of their networks.
Cloud-managed Wi-Fi solutions offer a number of security features, such as intrusion detection, firewall protection, and access control. These features can help businesses to protect their networks from unauthorized access and data breaches.
Furthermore, cloud-managed Wi-Fi solutions can also be centrally managed, which makes it easier for businesses to implement and enforce security policies. Overall, the rising demand for enhanced security is a major driver of the Cloud Managed Wi-Fi Market, and this trend is expected to continue in the coming years.
Growing Need for Improved Network Performance
The need for improved network performance is a major driver in the Global Cloud Managed W-Fi Market. Businesses are increasingly using bandwidth-intensive applications, and many are looking for ways to improve the performance of their networks.
Cloud-managed Wi-Fi solutions can provide a range of features that can help to improve network performance. For example, cloud-managed Wi-Fi solutions can provide features such as load balancing, traffic shaping, and Quality of Service.
These features can help businesses ensure that their networks are optimized and that critical applications have the bandwidth they need.
The need for improved network performance is a major driver in the Cloud Managed Wi-Fi Market, and this is an emerging trend that is likely to continue to drive the market in the years to come.
Cloud Managed Wi-Fi Market Segment Insights
Cloud Managed Wi-Fi Market Deployment Type Insights
The Cloud Managed Wi-Fi Market is divided into cloud, on-premises, and hybrid on the basis of the deployment type. The cloud segment is projected to see substantial growth over the forecast period as a result of the growing adoption of cloud-based solutions by businesses.
Cloud-based solutions have a number of advantages, including scalability, flexibility, and cost efficiency, which are driving their adoption in a number of businesses. The on-premises segment is likewise projected to grow at a stable rate as businesses continue to invest in their on-premises infrastructure.
The hybrid segment is expected to gain traction as it combines the benefits of both cloud and on-premises deployment. In 2023, a segment of the cloud accounted for the most substantial part of the global cloud-managed Wi-Fi market revenue as businesses increasingly adopt cloud-based solutions.
Market growth is linked to the rising adoption of cloud-based solutions by enterprises, as well as growing demand for high-speed, reliable Wi-Fi connectivity, and a rising number of connected devices. The growth of the cloud segment can be attributed to a variety of attributes and considerations.
Given the advantages of scalability, flexibility, and cost-effectiveness of cloud-based solutions, their adoption in a number of markets is greater.
In terms of value, the global cloud-managed Wi-Fi market is projected to expand at a compounded annual growth rate of 15.61 percent during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud Managed Wi-Fi Market Application Insights
The Cloud Managed Wi-Fi Market segmentation by application includes Small and Medium Businesses, Enterprises, and Public Sector. The enterprises segment held the largest share of the cloud managed Wi-Fi market in 2023 and is expected to dominate the market over the forecast period.
Cloud managed Wi-Fi solutions provide the enterprise customers with more robust and scalable solutions to support their complex IT infrastructure, and the growing number of devices connected to their network. Enterprises are also investing in cloud managed Wi-Fi solutions in order to have a more effective and secure visibility and control of their networks.
The smaller medium businesses are also expected to drive a significant growth for cloud managed Wi-Fi. These SMBs are increasingly adopting cloud managed Wi-Fi as they are cost efficient, easy to manage and provide access to more secure and reliable wireless network.
Moreover, the public sector is another important segment. Government agencies and education facilities are utilizing cloud managed Wi-Fi solutions in order to upgrade their network, supply public Wi-Fi and increase their network coverage.
Cloud Managed Wi-Fi Market End Device Type Insights
The Cloud Managed Wi-Fi Market is segmented by End Device Type into Smartphones, Tablets, Laptops, and Internet of Things (IoT) Devices. Smartphones are expected to dominate the market in 2023, with a revenue share of around 40.5%.
The increasing adoption of smartphones for business purposes, along with the growing popularity of bring-your-own-device (BYOD) policies, is driving the demand for cloud-managed Wi-Fi solutions for smartphones.
Tablets are expected to be the second-largest segment in the Cloud Managed Wi-Fi Market in 2023, with a revenue share of around 25.3%.
The growing use of tablets for educational and business purposes is boosting the demand for cloud-managed Wi-Fi solutions for tablets. Laptops are expected to account for a revenue share of around 20.2% of the Cloud Managed Wi-Fi Market in 2023.
The increasing adoption of cloud-based applications and services, along with the growing trend of remote work, is driving the demand for cloud-managed Wi-Fi solutions for laptops.
IoT devices are expected to be the fastest-growing segment in the Cloud Managed Wi-Fi Market, with a CAGR of around 18.5% from 2024 to 2032.
The growing adoption of IoT devices in various industries, such as healthcare, manufacturing, and retail, is driving the demand for cloud-managed Wi-Fi solutions for IoT devices.
Cloud Managed Wi-Fi Market Functionality Insights
The Functionality segment of the Cloud Managed Wi-Fi Market is anticipated to experience significant growth in the coming years. Network Management, a key functionality, enables centralized control and management of Wi-Fi networks, offering insights into network performance, device connectivity, and security.
Network Security is another crucial functionality, ensuring protection against unauthorized access, malware, and cyber threats. Bandwidth Optimization optimizes network performance by allocating bandwidth efficiently to support high-bandwidth applications and devices.
Analytics and Reporting provide valuable data on network usage, user behavior, and application performance, enabling data-driven decision-making and network optimization.
The Cloud Managed Wi-Fi Market revenue for the Functionality segment is expected to reach USD 10.24 billion by 2024, exhibiting a robust CAGR of 16.5% from 2024 to 2032.
Cloud Managed Wi-Fi Market Network Type Insights
The Cloud Managed Wi-Fi Market segmentation by Network Type includes Wi-Fi 6, Wi-Fi 5, and Wi-Fi 4. Wi-Fi 6, the latest generation of Wi-Fi technology, is expected to drive market growth with its increased speed, capacity, and range.
In 2024, the Wi-Fi 6 segment is projected to account for over 40% of the Cloud Managed Wi-Fi Market revenue, driven by the growing adoption of Wi-Fi 6-enabled devices and the increasing demand for high-speed and reliable wireless connectivity.
Wi-Fi 5, with its improved performance over Wi-Fi 4, is expected to continue to hold a significant market share.
Wi-Fi 4, while still widely used, is expected to decline in market share in the coming years due to the increasing adoption of newer technologies.
Cloud Managed Wi-Fi Market Regional Insights
The Cloud Managed Wi-Fi Market is segmented by region into North America, Europe, APAC, South America, and MEA. Among these regions, North America held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period.
The growth in this region can be attributed to the presence of major technology hubs and the increasing adoption of cloud-based solutions by enterprises.
Europe is another key market for Cloud Managed Wi-Fi, with several countries in the region having well-developed IT infrastructure and a high demand for wireless connectivity.
APAC is expected to witness the fastest growth in the Cloud Managed Wi-Fi market during the forecast period, driven by the increasing adoption of cloud-based solutions in developing countries such as India and China.
South America and MEA are also expected to experience significant growth in the Cloud Managed Wi-Fi market, as enterprises in these regions look to improve their wireless connectivity and network management capabilities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud-Managed Wi-Fi Market Key Players and Competitive Insights
Major players in the Cloud Managed Wi-Fi Market are making significant investments in research and development to offer innovative solutions to meet the evolving needs of their customers.
Leading Cloud Managed Wi-Fi Market players are focusing on expanding their product portfolio and geographical reach to cater to a wider customer base.
The Cloud Managed Wi-Fi Market development is driven by factors such as the increasing adoption of cloud-based services, the need for improved network performance and security, and the growing demand for Wi-Fi connectivity in various settings.
The Cloud Managed Wi-Fi Market Competitive Landscape is characterized by the presence of several established players, as well as emerging startups.
Cisco is a leading company in the Cloud Managed Wi-Fi Market. The company offers a range of cloud-managed Wi-Fi solutions that are designed to meet the needs of businesses of all sizes.
Cisco's cloud-managed Wi-Fi solutions are highly scalable and secure, and they offer a variety of features that make them ideal for use in a variety of settings. Cisco has a strong global presence and a large customer base, and it is well-positioned to continue to grow its market share in the years to come.
Meraki is a leading competitor in the Cloud Managed Wi-Fi Market. The company offers a cloud-managed Wi-Fi solution that is designed to be easy to use and manage.
Meraki's cloud-managed Wi-Fi solution is ideal for businesses that do not have the resources to manage their own Wi-Fi networks. Meraki has a strong presence in the education and healthcare markets, and it is well-positioned to continue to grow its market share in the years to come.
Key Companies in the Cloud Managed Wi-Fi Market Include
- Extreme Networks
- Netgear
- Ubiquiti Networks
- Aruba
- Huawei
- Ruckus Networks
- Juniper Networks
- Cisco
- Zyxel
- Sophos
- Mist Systems
- HPE
- WatchGuard Technologies
- Fortinet
Cloud Managed Wi-Fi Market Developments
The growing demand for seamless connectivity, increasing adoption of IoT devices, and advancements in cloud computing are driving market growth. Recent developments include the launch of new Wi-Fi 6E-enabled access points and the integration of artificial intelligence (AI) into cloud-managed Wi-Fi systems.
Key players like Cisco, Aruba Networks, and Mist Systems are investing in research and development to enhance the capabilities of their solutions.
The market is expected to witness significant growth in the healthcare, education, and hospitality sectors due to the increasing need for reliable and secure Wi-Fi networks in these industries.
Cloud Managed Wi-Fi Market Segmentation Insights
-
Cloud Managed Wi-Fi Market Deployment Type Outlook
Cloud Managed Wi-Fi Market Application Outlook
-
- Small and Medium Businesses (SMBs)
- Enterprises
- Public Sector
-
Cloud Managed Wi-Fi Market End Device Type Outlook
- Smartphones
- Tablets
- Laptops
- Internet of Things (IoT) Devices
-
Cloud Managed Wi-Fi Market Functionality Outlook
- Network Management
- Network Security
- Bandwidth Optimization
- Analytics and Reporting
-
Cloud Managed Wi-Fi Market Network Type Outlook
-
Cloud Managed Wi-Fi Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
8.31(USD Billion) |
| Market Size 2023 |
9.61(USD Billion) |
| Market Size 2032 |
35.44(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
15.61% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Extreme Networks, Netgear, Ubiquiti Networks, Aruba, Huawei, Ruckus Networks, Juniper Networks, Cisco, Zyxel, Sophos, Mist Systems, HPE, WatchGuard Technologies, Fortinet |
| Segments Covered |
Deployment Type, Application, End Device Type, Functionality, Network Type, Regional |
| Key Market Opportunities |
1 Growing Demand for Managed Services 2 Increasing IoT and Cloud Adoption 3 Enhanced Security and Analytics 4 Improved User Experience and Performance 5 Expansion in Emerging Markets |
| Key Market Dynamics |
Increasing adoption of cloud computing Growing demand for secure and reliable Wi-Fi networks Rising adoption of IoT devices Expanding the use of cloud-managed Wi-Fi in enterprises Advancements in cloud technologies |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Cloud Managed Wi-Fi Market was valued at USD 9.61 Billion in 2023 and is expected to reach USD 35.44 Billion by 2032, exhibiting a CAGR of 15.61% during the forecast period.
North America is expected to dominate the Cloud Managed Wi-Fi Market, owing to the presence of major technology companies and the early adoption of advanced networking solutions in the region.
The key growth drivers of the Cloud Managed Wi-Fi Market include the increasing demand for wireless connectivity, the proliferation of IoT devices, the need for enhanced network security, and the growing adoption of cloud-based services.
Cloud Managed Wi-Fi is used in various applications, including enterprise, education, healthcare, hospitality, and retail. It enables centralized management, enhanced security, and improved network performance.
The key players in the Cloud Managed Wi-Fi Market include Cisco, HPE Aruba, Ruckus Networks, Juniper Networks, and Aerohive Networks. These companies offer a range of cloud-managed Wi-Fi solutions to meet the diverse needs of customers.
The Asia-Pacific region is expected to witness a significant growth rate in the Cloud Managed Wi-Fi Market, owing to the increasing adoption of cloud-based services and the growing number of IoT devices in the region.
The challenges faced by the Cloud Managed Wi-Fi Market include concerns about data security and privacy, the need for reliable internet connectivity, and the lack of technical expertise in some organizations.
The opportunities for growth in the Cloud Managed Wi-Fi Market include the increasing demand for seamless connectivity, the adoption of new technologies such as Wi-Fi 6 and 6E, and the growing popularity of managed services.
The COVID-19 pandemic has accelerated the adoption of cloud-managed Wi-Fi solutions as organizations seek to enable remote work and ensure business continuity.
The key trends shaping the Cloud Managed Wi-Fi Market include the adoption of AI and ML for network optimization, the integration of cloud-managed Wi-Fi with other network technologies, and the increasing demand for personalized and location-based services.
