Global Wi-Fi As A Service Market Is Predicted To Increase Approximately $24.53 Billion By 2030

Global Wi-Fi As A Service Market Size Anticipated To Augment at a CAGR Of Over 21.5% by 2030

The global Wi-Fi as a service industry size was nearly $5.32 Billion in 2022 and is predicted to increase to approximately $24.53 Billion by 2030 along with recording a CAGR of nearly 21.5% from 2023 to 2030.

Wi-Fi as a service is a subscription-based cloud management system comprising end-to-end Wi-Fi solutions, access points, automatic system upgradations, and cloud-native applications. Furthermore, Wi-Fi as a service includes infrastructure, managed solutions, and software. In addition to this, Wi-Fi as a service helps firms by providing them with strong IT resources that are reliable, rapid, and secured and easy wireless local area network access across a plethora of locations.       

Escalating need for high-speed internet networks and demand for a central system for effectively managing these networks by third parties will propel the global Wi-Fi as a service market demand. Rise in the number of smart equipment and smartphones has promoted the expansion of Wi-Fi as a service industry. Increase in the number of internet subscribers across the globe will accentuate the growth of the Wi-Fi as a service market across the globe. Furthermore, Wi-Fi as a service can help users in real-time monitoring of data, thereby augmenting the expansion of the Wi-Fi as a service market. In addition to this, Wi-Fi as a service also referred to as WaaS replaces consumer-grade platforms with reliable hardware & proficient services.  

However, slow backups and restorations can put brakes on the growth of the Wi-Fi as a service industry globally. Moreover, the threat of data breaches, data security, and cloud connectivity can hinder the global industry surge. Nonetheless, the launching of Wi-Fi 6 leading to the adoption of the service model across a spectrum of industries will open new growth dimensions for the global Wi-Fi as a service industry.

The global Wi-Fi as a service market is divided into solution, services, location type, organization size, vertical, and region. 

In terms of organization size, the Wi-Fi as a service market globally is segmented into large enterprises and small & medium-sized enterprises segments. Furthermore, the large enterprises segment is anticipated to contribute majorly towards the global market share during the anticipated timespan. The segmental expansion can be due to the massive use of Wi-Fi in large & giant enterprises. In addition to this, large enterprises are allocating major funds to WaaS for resolving issues such as cloud connectivity failure, data breaches, and data privacy.

In terms of services, the global Wi-Fi as a service market is divided into professional services and managed services segments.

Based on the solution, the global Wi-Fi as a service industry is bifurcated into access points and WLAN controllers segments.

On basis of location type, the Wi-Fi as a service market across the globe is sectored into indoor and outdoor location types.

On basis of vertical, the Wi-Fi as a service industry across the globe is bifurcated into BFSI, education, government & public sector, manufacturing, retail, healthcare & life sciences, travel & hospitality, and transportation & logistic segments. Moreover, the BFSI segment, which contributed the highest share of the global market in 2022, will establish a dominant status over the upcoming years. The segmental expansion can be due to a rise in the number of online payments and the swift acceptance of Wi-Fi as a service in the BFSI segment. Moreover, Wi-Fi as a service is gaining popularity in the BFSI segment as it facilitates security and helps BFSI firms in gaining a competitive edge over business rivals along with reducing latency.

The Wi-Fi as a service market in the Asia-Pacific zone is expected to garner a major chunk of the global market share during the assessment period. Apparently, the regional market expansion in the ensuing years can be owing to the rising penetration of smartphone and internet solutions in the countries such as China, Singapore, India, Malaysia, and the Philippines. Availability of strong infrastructure facilities in the region and supportive government policies augmenting the use of Wi-Fi in the region will boost the regional market growth trends.

Furthermore, the Wi-Fi as a service industry in the North American sub-continent will register the fastest CAGR over the assessment period. The expansion of the industry in North America can be owing to the presence of giant industry players such as Cisco Systems, Aruba, Juniper Networks Inc, and Commscope in the region.

This review is based on a report by Zion Market Research, titled “Wi-Fi As A Service Market By Solution (Access Points and WLAN Controllers), By Services (Professional Services and Managed Services), By Location Type (Indoor and Outdoor), By Organization Size (Large Enterprises and Small     & Medium-Sized Enterprises), By Vertical (Education, Manufacturing, Retail, BFSI, Travel & Hospitality,     Government & Public Sector, Healthcare & Lifesciences, and Transportation & Logistics), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/wi-fi-service-market

Recent Developments:

• In the second half of 2021, Extreme Networks, a U.S.-based networking firm, introduced Wi-Fi 6E services referred to as the Extreme AP4000 that can operate in the 2.4 GHz, 6 GHz, and 5GHz bands. The move is likely to contribute majorly towards the Wi-Fi as a service industry growth in the U.S. and across North America.
• In the first quarter of 2021, Cisco Systems introduced Cisco Plus which offers effective security, storage, and networking solutions to end-users through unique subscriptions that can be easily consumed and user-friendly. The initiative will enlarge the scope of the Wi-Fi as a service market demand in U. S. and across the globe.

Wi-Fi As A Service Market: Competitive Space

Key players in the global Wi-Fi as a service market include:

• D-Link Corporation
• LANCOM Systems
• Cucumber Tony
• Viasat Inc
• Cisco Systems
• Ubiquiti
• Singtel
• Dell Technologies
• iPass
• Huawei Technologies Co. Ltd
• Rogers Communications
• Aruba
• Commscope
• TP-Link
• Telstra Corporation
• Juniper Networks Inc
• Fortinet
• Extreme Networks
• Arista Networks Inc.
• Cambium Networks
• Ruckus Networks
• Redway Networks
• Edgecore
• Ruiijie Networks
• Superloop.

The global Wi-Fi as a service market is segmented as follows:

By Solution

• Access Points
• WLAN Controllers

 By Services

• Professional Services
• Managed Services

By Vertical

• Education
• Manufacturing
• Retail
• BFSI
• Travel & Hospitality
• Government & Public Sector
• Healthcare & Lifesciences
• Transportation & Logistics

 By Organization Size

• Large Enterprises
• Small & Medium-Sized Enterprises

    By Location Type

• Indoor
• Outdoor

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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