Wi-Fi (Wireless Fidelity) is a technology that uses radio waves to provide network connectivity. Wi-Fi offers flexibility, mobility, and fast speed for devices. Wi-Fi is a highly cost effective technology with low power consumptions and high bandwidth. It is extensively used in Wi-Fi enabled devices such as computers, laptops, notebooks, mobile and others. Wi-Fi analytics provides demographics of users such as gender, age, location, and length of internet. It is possible for an organization to use information to provide better strategies for its business. This information helps enterprise to offer better customer experience through location-based marketing, to attract new customers. This enhances customer engagement in business.
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The driving factor for the global Wi-Fi analytics market is penetration of smartphone devices. Moreover, the increase in smart city initiatives by governments is expected to boost the market growth. More services are being accessed and provided online with Wi-Fi analytics. Wi-Fi analytics provide secure connectivity for IoT (internet of things) applications such as smart homes, smart city, waste management etc. Increase in significance of data analytics in business is a key factor driving the Wi-Fi analytics market. Data analytics is required in business to consumer (B to C) applications to enhance productivity and business gain. Additionally, increasing product innovation and integration of additional functions by top companies in this market further increases the demand. However, issues related to data privacy are hampering the growth of the Wi-Fi analytics market.