The ‘Global Wi-Fi as a Service Market Size, Share, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global Wi-Fi as a service market, assessing the market on the basis of its segments like components, location types, enterprise sizes, industry verticals, and major regions.
Global Wi-Fi as a Service Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): More Than USD 11.05 Billion
- Forecast CAGR (2023-2028): 17.5%
Technological advancements and innovations are significantly propelling the Wi-Fi as a service market growth. The rising demand for low-cost high-speed internet and the increasing ownership of consumer electronics such as smartphones are also driving the demand for Wi-Fi as a service.
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Businesses can control their wireless fidelity networks with WaaS from any location. In addition, network managers can remotely manage Wi-Fi infrastructure by utilising a network management interface from a remote location using cloud-based centralised administration, saving money and time. Such factors, along with the growing demand for cloud-management systems, are aiding the Wi-Fi as a service market growth.
Wi-Fi as a Service Industry Definition and Major Segments
Wi-Fi as a service (WAAS) is a subscription-based service that is that integrates software, infrastructure, and managed services. Clients can purchase all the equipment with a one-time payment and gain access to managed services with a subscription-based payment or access all the services through WAAS subscription plans.
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The global Wi-Fi as a service market, based on components, can be bifurcated into:
- Professional Services
- Managed Services
On the basis of location type, the market can be segmented into:
Based on enterprise, the market for Wi-Fi as a service can be divided into:
- Telecom and IT
The major regional markets for Wi-Fi as a service can include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Wi-Fi as a Service Market Trends
End-users around the world are investing in deploying a cost-effective, flexible, scalable, and automated Wi-Fi network across their business units. Moreover, wireless fidelity models based on Software as a Service (SaaS) are increasingly adopted by organisations with limited budgets and resources to leverage continuous internet access.
Wi-Fi services are increasingly installed in high-density public areas due to the increasing penetration of smart consumer gadgets and the desire for internet access in high-density areas. The growing deployment of such services by governments and private bodies is favouring the Wi-Fi as a service market growth.
Furthermore, the rising reliance on IoT-connected devices and the creation of smart cities in various developed nations are expected to have a positively influence on the market growth of Wi-Fi as a service in the coming years.
Key Market Players
The major players in the global Wi-Fi as a service market report include Arista Networks Inc., Cisco Systems Inc., Extreme Networks Inc., Telstra Corporation Limited, and Viasat Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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