Wi-Fi as a Service Market Share Rise at 19.8% CAGR, to Reach USD 17.78 Billion By 2030
Wi-Fi as a Service (WaaS) offers turnkey internet access solutions for multi-user business networks. The cloud-managed Wi-Fi services offer many advantageous features to business operations, including increased uptime, advanced network security features, scalability in response to user demand, network segmentation, BYOD features, and 24/7 monitoring and reporting.
The reduction in the tariff rates for Wi-Fi infrastructure for firms, together with the advancement of smart cities, pledges a progressive performance for this segment. Additionally, the escalation in demand for high-speed internet and extensive network coverage fuel holistic market growth during the forecast period.
According to the research report, the global Wi-Fi as a service market share was valued at USD 3.98 billion in 2021 and is expected to reach USD 17.78 Billion By 2030, growing at a CAGR of 19.8% during the forecast period.
Wi-Fi as a Service market: Growth Drivers
The lessening of the price of ownership of the Wi-Fi infrastructure to boost the market
The price of ownership of the Wi-Fi structure has lessened, which has propelled the market demand bringing about an increase in the adoption and deployment of Wi-Fi systems in several organizations. The simplicity of Wi-Fi infrastructure management and its remote troubleshooting are prominent drivers for this segment. Because of a cloud-based centralized management network, the manager can remotely troubleshoot problems with Wi-Fi infrastructure with the assistance of a network management interface from a distant location.
The initiation of smart cities has been on the rise, increasing the installation of Wi-Fi systems, thus escalating the overall market demand. Small and medium enterprises have showcased a growing demand for Wi-Fi as a service which is a promising opportunity for this segment during this forecast period.
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Geographic Overview: Wi-Fi as a Service market
North America to emerge as the dominating region in this market
In terms of geography, North America has the largest revenue share. Due to the premature implementation of advancing technologies and the highly competitive landscape, the Wi-Fi as a service market is growing. In this region, there has been a significant investment in wireless technologies.
Wi-Fi as a Service market: Report Segmentation
- Insight By Vertical
The growing demand for internet connectivity in high-density areas to push the market
Based on vertical, the public sector segment is anticipated to be the most significant revenue contributor. The request for internet connectivity in areas of high density, including malls, education centers, public parks, and parking spaces, is growing due to market penetration of innovative consumer electronics such as laptops, smartphones, and tablets, amongst others.
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Some of the major players operating in the global market include 4ipnet, Alcatel-Lucent Enterprise, Allied Telesis, Arista, Aruba – a Hewlett Packard Enterprise Company, Cambium Networks, CommScope Inc., Cucumber, Datto, D-Link, Edgecore, Extreme Networks, Huawei Technologies Co., iPass, Juniper Networks, LANCOM Systems, Redway Networks, Rogers Communication, Ruijie Networks, Singtel, Superloop, Tata Communications, Telstra, Ubiquiti, and Viasat.
In December 2021, Huawei released the Wi-Fi 6 AP and other data communication products. Huawei’s latest ceiling-mounted Wi-Fi 6 products, including AP363 and AP365, and 86-type panels AP163 and AP165, have up to 3000M bandwidth and roaming delays as low as 10ms.
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Wi-Fi as a Service Market: By Solution Outlook
- Access Points
- WLAN Controllers
Wi-Fi as a Service Market: By Service Outlook
- Advisory and Implementation
- Support and Maintenance
Wi-Fi as a Service Market: By Vertical Outlook
- Travel and Hospitality
- Healthcare and Life Sciences
- Financial Services
- Service Providers
- Transportation and Logistics
- Government and Public Sector
Wi-Fi as a Service Market: By Organization Size Outlook
- Large Enterprises
- Small and Medium-Sized Enterprises
Wi-Fi as a Service Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Russia, Spain)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)