0

Wi-Fi as a Service Market Expected to Reach $12.21 Billion by 2027

 
2022
Wi-Fi as a Service Market

Report Code : A09377

quote Asia-Pacific segment is anticipated to exhibit highest CAGR of 20.5% during forecast period in Wi-Fi as a service industry, owing to rise in expenditure on connectivity, increase in penetration of smartphones, and government initiatives to provide Wi-Fi connectivity at public places in countries such as India and Japan. quote

Vishwa Gaul
Research Analysts, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Wi-Fi As A Service Market by Services, Location Type, Enterprise Size, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027,” the global Wi-Fi as a service market was valued at $3.36 billion in 2019, and is projected to reach $12.21 billion by 2027, growing at a CAGR of 17.6% from 2020 to 2027. 

Wi-Fi as a service (WaaS) is majorly used to manage the Wi-Fi operations and it generally comprises WLAN configuration, network implementation, hardware & software management, and network monitoring & maintenance. WaaS has varied application for all types of organizations, from those that do not have existing Wi-Fi network to those having an existing network but need managed solution for a guest Internet only Wi-Fi network.

Factors such as rise in requisite for low capital expenditure, increase in penetration of IoT devices, rise in deployment of public Wi-Fi, surge in demand for WaaS from SMEs, and emerging smart city projects development across the world are the major factors contributing toward the global Wi-Fi as a service market growth.

The outdoor location type segment is anticipated to hold majority of the Wi-Fi as a service market share in 2027, due to increase in deployment of Wi-Fi hotspots by government across public places, rise in need for fast connectivity among smartphone users, increase in initiatives by government to cover many places with Wi-Fi connectivity, across the world.

In terms of enterprise size, SMEs segment is projected to witness highest CAGR during the forecast period, as most of the small enterprises do not have capital to invest into the enterprise Wi-Fi hardware or the skilled staff required to manage such hardware. Thus, Wi-Fi as a service gives small & medium sized enterprises the support & maintenance required to aim more on their business growth and less time spent on resolving the Wi-Fi problems. Thus, these factors are expected to further propel the growth of SMEs segment of global Wi-Fi as a service market in upcoming years.

The telecom & IT industry accounted for the highest share among industry vertical segment of WaaS market in 2019. This is attributed to increase in need to streamline the day-to-day operations in the telecom & IT companies. Furthermore, the requirement for in-depth monitoring of network and reporting, get insight regarding network utilization, uplink performance, increase security over internal network of the organization, and operating at peak productivity with a managed Wi-Fi solution is augmenting the need for WaaS.

The global Wi-Fi as a service market size was dominated by North America in 2019, and is expected to maintain this trend during the forecast period. This is attributed to the presence of leading companies designing Wi-Fi as a service in North America; extensive use of cellphones & smart devices; and surge in adoption of Wi-Fi hotspots by retail, hospitality, and education sectors in this region. 

With alarming increase in cases of coronavirus in 2020, many Wi-Fi as a service players adopted various business and marketing strategies. For instance, in March 2020, Extreme Networks launched the innovative and consumable solutions, such as the Portable Branch Kit to quickly and securely provide connectivity to temporary remote office locations during the COVID-19 pandemic. Furthermore, BYOD and other popular mobility initiatives present a huge opportunity for providers of cloud-managed WiFi-as-a-service.

Key Findings Of The Study

  • By service, the managed services segment is expected to witness highest growth during the forecast period.
  • On the basis of location type, the outdoor location segment accounted for highest market share.
  • Depending on enterprise size, the SMEs segment is anticipated to exhibit highest growth during the forecast period.
  • In terms of industry vertical segment, telecom & IT segment held the largest share in Wi-Fi as a service market in 2019.
  • Region wise, North America accounted for the highest revenue in 2019; however, Asia-Pacific is anticipated to exhibit highest growth during the forecast period.

The global Wi-Fi as a service market analysis includes some of the key market players such as Cisco Systems, Huawei Technologies Co., Singtel, Viasat, Inc., Fujitsu, Commscope, Extreme Networks, Arista Networks, Inc., Pareteum, and Telstra Corporation. This study includes Wi-Fi as a service market trends, WaaS market analysis, and future estimations to determine the imminent investment pockets.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Wi-Fi as a Service Market by Service (Professional Services and Managed Services), Location Type (Indoor and Outdoor), Enterprise Size (Large Enterprises and SMEs), and Industry Vertical (Telecom & IT, BFSI, Education, Healthcare, Hospitality, Transportation, Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample

Buy Full Version
"Wi-Fi as a Service Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers