In a recent report by MarketsandMarkets™, Purple have been named as a key player in the managed WiFi solutions market.

Other named players include Cisco Systems, Fujitsu, Vodafone, Verizon, Ruckus Wireless, Aruba, and Mojo Networks.

According to the report, Managed Wi-Fi Solutions Market by Networking Service (Network Security, Network Planning and Designing, Network Consulting), Infrastructure Service (Survey and Analysis, Installation and Provisioning), Vertical, and Region – Global Forecast to 2022’, the global managed WiFi solutions market is expected to grow from $3.07b in 2017 to a staggering $6.11b by 2022, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period.

The report, released last month, lists a number of factors driving the market. These include:

  • An increasing adoption of enterprise mobility services and Bring Your Own Device (BYOD) trends
  • A growing demand for high-speed and widespread network coverage
  • An increasing adoption of cloud managed WiFi solutions and associated services

Commenting on the findings, Purple CEO, Gavin Wheeldon said: “We are seeing a definite trend of our partners moving to a managed service model, where they can add value on a regular basis and generate recurring revenue. We expect this trend to continue as the demand for connectivity and wireless continues to grow.”

Shekhar Waje, Analyst from MarketsandMarkets™ says: “Managed WiFi solutions and associated services feature advanced wireless and centrally managed connectivity; lessening the burden of day-to-day WLAN maintenance operations on IT departments. These benefits alone are empowering enterprises to offer guest and private WiFi. It’s no surprise to see that by 2022, the market is predicted to double.”

For more information or to download the report, please visit: MarketsandMarkets

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