PUBLISHER: The Business Research Company | PRODUCT CODE: 1388037
PUBLISHER: The Business Research Company | PRODUCT CODE: 1388037
“Wireless Internet Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless internet services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless internet services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The wireless internet services market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Wireless Internet service pertains to the provision of internet connectivity using wireless technologies. It offers internet access to both individuals and organizations via wireless communication networks.
The primary categories of wireless internet services include community hotspots and public hotspots. Community hotspots are open-access networks that deliver internet access to the general public in locations like city centers. These services are employed by various entities, including enterprises, communication service providers, network operators, government institutions, and are utilized across sectors such as education, financial services, healthcare, hospitality, retail, telecom and IT, transportation, among others.
The wireless internet services market research report is one of a series of new reports from The Business Research Company that provides wireless internet services market statistics, including wireless internet services industry global market size, regional shares, competitors with a wireless internet services market share, detailed wireless internet services market segments, market trends and opportunities, and any further data you may need to thrive in the wireless internet services industry. This wireless internet services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wireless internet services market size has grown steadily in recent years. It will grow from $667.14 billion in 2023 to $695.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The expansion witnessed in the historical period can be credited to the widespread adoption of mobile devices, the rollout of 4G and 5G networks, the proliferation of the Internet of Things (IoT), the accessibility of mobile broadband, and initiatives for improving rural connectivity.
The wireless internet services market size is expected to see strong growth in the next few years. It will grow to $896.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period is associated with the increasing prevalence of remote work and telehealth services, the emergence of Industry 4.0 technologies, the integration of autonomous vehicles into transportation systems, the development of smart cities, and the rising importance of edge computing. Notable trends expected in the forecast period encompass the adoption of Wi-Fi 6 (802.11ax) technology, the expansion of satellite internet services, the utilization of fixed wireless access (FWA) solutions, and the growth of cloud-based gaming and streaming platforms.
Government initiatives aimed at infrastructure development are a significant driver of growth in the wireless internet services market. These initiatives are part of broader efforts to promote sustainable urban development, and technology experts and providers are actively engaged in creating innovative solutions based on technical frameworks to enhance urban infrastructure in various regions. For example, in India, the successful implementation of smart city projects relies heavily on technologies like data connectivity, cloud computing, mobility, and sensor networks, all of which collectively form the Internet of Things (IoT). In the United States, city governments are projected to invest $41 trillion over the next two decades in upgrading infrastructure and implementing IoT solutions. A majority of cities are exploring smart city technologies, with more than two-thirds having already made investments in this area. The realization of smart cities will be further solidified through increased federal funding and strong partnerships with local governments and private sector technology firms. As a result, government initiatives to support smart city projects are expected to be a driving force behind the growth of the wireless internet services market.
The increasing adoption and utilization of mobile devices are anticipated to drive the growth of the wireless internet market in the future. Mobile devices encompass portable electronic gadgets designed for communication, information access, and a variety of other functions. These devices, including smartphones, tablets, laptops, IoT devices, and smart appliances, rely on wireless internet connectivity for their effective operation. For example, as of February 2023, there were 71.8 million mobile connections in the UK, marking a 3.8% increase (equivalent to around 2.6 million connections) compared to 2021, according to Uswitch Limited, a UK-based financial conduct authority. The UK's population is projected to reach 68.3 million by 2025, with an estimated 95% (or approximately 65 million individuals) owning smartphones. Consequently, the growing adoption and utilization of mobile devices are poised to be a driving force behind the expansion of the wireless internet market.
Security and privacy concerns represent significant obstacles to the growth of the wireless internet services market. The proliferation of devices has given rise to numerous security and privacy issues, making every device, gateway, sensor, and smartphone a potential target for cyberattacks. Disruptions to business operations can have far-reaching consequences for an entire company. Utilizing free public Wi-Fi networks exposes businesses to risks arising from third-party interception of client data, as hackers can position themselves between employees using the Wi-Fi and their intended destination. Additionally, unsecured Wi-Fi connections can be exploited by hackers to disseminate malware, compromising apps on computers and devices, thereby posing a substantial financial risk to the company. As a result, security and privacy concerns are anticipated to impede the growth of the wireless internet services market.
Companies operating in the wireless internet services market are increasingly integrating Li-Fi (Light Fidelity) technology to enhance their service offerings. Li-Fi, or light fidelity, employs light signals for data transmission between devices and offers greater range and faster transmission speeds, reaching up to 224 gigabits per second. Li-Fi technology is anticipated to play a crucial role in future smart homes due to its superior speed and reliability. Unlike Wi-Fi, Li-Fi does not penetrate walls, and its signal cannot be compromised remotely. For example, in January 2022, Comcast Corporation, a US-based media and technology company, introduced its next-generation xFi Advanced Gateway, featuring Wi-Fi 6E technology. This advanced gateway enhances in-home capacity with three Wi-Fi bands, including 2.4 GHz, 5 GHz, and a new 6 GHz band, providing faster, more dependable wireless connectivity. It delivers high-speed internet, advanced cybersecurity protection, and extensive coverage for an enhanced home Wi-Fi experience.
Leading companies in the wireless internet market are introducing innovative fixed wireless home internet services such as, Internet Air to establish a competitive advantage in the industry. Internet Air is a home Wi-Fi service powered by AT&T's dependable wireless network. Customers can easily set up AT&T Internet Air in just five simple steps and get connected within 15 minutes. For instance, in September 2023, AT&T Inc., a US-based telecommunications giant, launched AT&T Internet Air, a novel fixed wireless home internet service. This service prioritizes areas with sufficient wireless coverage and capacity to provide a superior in-home internet experience while maintaining excellent wireless service for their existing mobile customers. AT&T Internet Air features a sleek and contemporary design that seamlessly complements various interior aesthetics.
In May 2022, Nextlink Internet, a US-based high-speed internet and phone services company, acquired CCAOnline Inc. for an undisclosed amount. This strategic move is part of Nextlink's continuous effort to expand broadband internet and voice services in smaller towns and rural regions throughout the central United States. These upgrades will bring download speeds to at least 100 Mbps across Logan County and in many areas, and they will also offer up to 400 Mbps download speed plans. CCAOnline Inc.is a US-based fixed wireless broadband provider.
Major companies operating in the wireless internet services market include Cisco Systems Inc., Huawei Technologies Co.Ltd., ARRIS International LLC, Aerohive Networks Inc., Singapore Telecommunications Limited, Rogers Communications Inc., Telstra Corporation Limited, Viasat Inc., ADTRAN Inc., Aruba a Hewlett Packard Enterprise company, Extreme Networks Inc., Fujitsu Limited, Superloop Limited, iPass Inc., Arista Networks Inc., Ubiquiti Inc., Fortinet Inc., Riverbed Technology Inc., 4ipnet Inc., Edgecore Networks Corporation, Mist Systems a Juniper Networks company, ALE International, Allied Telesis Inc., LANCOM Systems GmbH, D-Link Corporation, Boingo Wireless Inc., AT&T Inc., Verizon Communications Inc., T-Mobile US Inc., Comcast Cable Communications LLC, Hughes Network Systems LLC, Viasat Inc., AlwaysON Group, AT&T Inc., Charter Communications Inc., EarthLink LLC, Cricket Wireless LLC, MetroNet Inc., Windstream Holdings Inc., Rise Broadband, Google Fiber Inc., CenturyLink Inc., Frontier Communications Corporation, Mediacom Communications Corporation, Altice USA Inc., RCN Corporation, Altice USA Inc., WideOpenWest Finance LLC, Cincinnati Bell Inc., Sonic.net Inc., Consolidated Communications Holdings Inc., Atlantic Broadband, Blue Ridge Communications Inc., Cable ONE Inc., Cogent Communications Holdings Inc., Cox Communications Inc., FiberLight LLC, FirstLight Fiber LLC, GTT Communications Inc., Segra, Masergy Communications Inc., MegaPath Company, NetFortris Company, TPx Communications, Uniti Group Inc., Zayo Group Holdings Inc.
The Asia-Pacific was the largest region in the wireless internet services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the wireless internet services market report during the forecast period. The regions covered in the wireless internet services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the wireless internet services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The wireless internet services market includes revenues earned by entities by providing wireless internet services that can be used to offer internet access services over a wireless communication network to consumers and businesses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.