ID: MRFR/ICT/1738-HCR | 100 Pages | Author: Shubham Munde | June 2023
Wi-Fi as a Service Market had a projection to increase USD ~1 Billion and further aims to achieve a CAGR of 20.1% and meet the market value of USD 12.2 Billion by the year 2030
In 2021, the Wi-Fi as a Service Market had a projection to increase USD ~1 Billion and further aim to achieve a CAGR of 20.1% and meet the market value of USD 12.2 Billion by the year 2030.
Generally, Wi-Fi is a cloud-based management system in total. Wi-Fi as a service market is more in demand because of the Wi-Fi technology, which practices radio waves to deliver network connectivity all over the world. A Wi-Fi connection is recognized using a wireless connecter to produce hotspots areas in the locality of a wireless router. Therefore, these are connected to the network, and to access internet facilities, it permits operators. Wi-Fi as a service industry built on the quantity of data on the network and offers wireless connectivity to devices by producing frequencies among 5GHz, and 2.4GHz. Wi-Fi permits industries with limited IT resources to offer their employees and customers dependable, fast, and protected wireless LAN access along with multiple locations.
For low capital spending and compact total cost of ownership, and claim for centralized management and remote troubleshooting, the key drivers are pouring the Wi-Fi as a service market cover growing requirement. Wi-Fi Market also provides end-to-end prominence and quicker placement. The global market is likely to gain major grip throughout the forecast period with the rise in Wi-Fi's acceptance rate as a Service between Small and Medium Enterprises. Wi-Fi service is perfect for office relocations and provisional locations. Moreover, Wi-Fi service delivered progressive analytic tools that can help evaluate customer's behavior. Further, Wi-Fi as a service also allows harmless visitor access and armed with involuntary system advancements.
The report focuses on Wi-Fi as a service market growth by overcoming market challenges. It also puts light on the market segmentation, dynamics, regional analysis, and others.
The report has focused on the detailed analysis of the global Wi-Fi as a service market growth connection and the various segments and sub-segments concerning various regional areas. Moreover, the Wi-Fi report has highlighted a country's market analysis concerning the current market size and future prospective global market. The report has also explained the factors affecting the market growth by analyzing the global market's production cost and supply chain. Further, the report has briefly analyzed the key player's core competencies and illustrating a competitive analysis for the global market.
COVID 19 Analysis
COVID 19 has affected almost all sectors, and the Wi-Fi as a service market was not deprived of it. The Wi-Fi service market also experienced a halt. Most consumers were not ready to take up subscriptions or invest money in this Wi-Fi network services for various reasons.
The producers are planning to leverage the increased demands for the Wi-Fi market network service using the latest technology to enhance market revenue generation. COVID19 outbreak has slowed down the market's economic growth, but the key players have now taken ideal measures to revive it for better profitable outcomes in the present context.
The WaaS market is fueling its growth with the ease of Wi-Fi infrastructure management and its remote troubleshooting. At various locations from anywhere, WaaS helps businesses in managing their Wi-Fi as a service network. Wi-Fi as a service business saves travel costs and time as the cloud-based centralized management enables network managers through a network management interface from a distant location to troubleshoot problems related to Wi-Fi infrastructure remotely.
The Wi-Fi as a service market growth driving potential is in the hands of the key players or service providers to meet the increased demand needs with ample supply. By the end of 2022, the market is expected to enjoy an immense boost.
With the high adaptation of advanced new technology, small and medium enterprises require automated, cost-efficient, flexible, and scalable Wi-Fi networks. It allows small and medium enterprises and distributed enterprises to have uninterrupted internet connectivity with low budgets and limited resources; thus, they are adopting the WaaS model. To manage their entire network and to scale quickly, distributed enterprises require one centrally located unit. As the Wi-Fi as a service industry with advanced technology is easily fulfilling their requirements, it leads to the adoption of WaaS in distributed enterprises.
The high adaptations of cloud technology, IoT, and others that need network service to function provide some noticeable Wi-Fi as a service market growth potential to the global market.
From the cloud, WaaS as an internet access service is managed. Through the cloud, various business functions like manufacturing, marketing, and R&D activities are carried out, thereby management and making operations of these functionalities became easy. It can impact the business-critical functions if any failure in cloud computing services leads to an overall failure of organizations' operations. Specific management and control functions in remote networks have been affected by cloud connectivity failure. Thus, data security issues and cloud connectivity failure are the two restraints of Wi-Fi as a service market.
The key players are trying their level best to improve the functionality and suppress the data security issues to increase the Wi-Fi market service's sales potential. With controlled measures, these restraints can be taken care of properly.
For many enterprises, maintaining the confidentiality and privacy of organizational data is very critical. Companies are still using the traditional Wi-Fi network and are reluctant to move their data to the cloud. Another primary concern is natural or artificial disasters that can damage data centers, leading to the loss of internet connectivity and impacting various business processes.
Moreover, like any other industry, the Wi-Fi as a service business market has also experienced a massive adverse impact due to COVID 19. As things have resumed and are getting regular, consumers' demands have increased, and the market players are putting in maximum production potential to meet those growing demands.
As per the Wi-Fi as a service sales analysis in terms of growth is concerned, the predicted market size is expected to experience more than ~38% growth in the present forecast years compared to that in 2016.
To give it exact figures, the market size in 2016 was USD ~1 Billion, which is expected to grow up to USD ~5 Billion by the end of the Wi-Fi as a service market forecast years by 2022.
Value Chain analysis
The growth of the Wi-Fi as a service market depends on the market value size. The proper understanding of the market value can lead to the services in the global market competition.
Moreover, many key players are developing Wi-Fi as a service sales in all countries' regions. The key players have taken up new strategies to increase the global market's market value.
Based on the hardware segmentation, the Wi-Fi as a service business market is classified into Gateway, antenna, Wireless LAN Controller, and Wireless Access Point. These are the hardware of Wi-Fi services adapted by the companies and consumers for diverse needs.
These have their significance and perks in terms of end outcomes. Different end-users pick their selected hardware to meet their requirement.
The global Wi-Fi as a service market trends is classified into network planning and design, Cloud access Point, Support, and maintenance based on the service segmentation.
These services are meant to help the diverse sectors meet their business requirements and offer the ideal solution to their consumers in the Wi-Fi market.
The segmentation of global Wi-Fi as a service market trends is classified into Small & Medium scale business and Large Scale Business based on the organization size. Hence, you can conclude that this service efficiency is preferred either for a particular technology or for constructing a whole technological infrastructure size.
Diverse companies have their own requirements that the Wi-Fi as a service market companies within the market are trying to fulfill with their best implementations.
Based on the location segmentation, the global Wi-Fi as a service business market comprises indoor and Outdoor locations. The end users can pick the option that is ideal for their needs.
In the Wi-Fi Market, getting to choose the location options offers the flexibility of adaptation.
The global Wi-Fi as a Service Sales is adapted by different industries such as Manufacturing, Retail, Education, Healthcare, and others based on the industry segmentation.
These industries are promoting the use of this technology and passing it on to consumers. As a result, the global Wi-Fi Market is booming with high revenue generation.
Based on the regional analysis, the Wi-Fi as a service market trends widely spread across various regions of the globe. Some of the top-performing regions worldwide are North America, Europe, Asia-Pacific, and other parts of the world.
Out of all the regions, North America is expected to give maximum profit to the Wi-Fi market as the demand rate is considerably high in this region. More investors are from these regions.
The key players of this global Wi-Fi as a service industry market are:
These companies have increased the service-providing efficiency by enhancing the quality of it as well. Therefore, these companies intend to drive significant profit to the present Wi-Fi as a service market forecast years.
The Wi-Fi Market's key players are improving the technology to make sure that the sales opportunities can be increased.
The Wi-Fi Market report overview is as follows:
The report puts light on some of the global Wi-Fi as a Service Business’s essential growth factors. It gives a highlight about the market potential being leveraged to experience better revenue collection across the globe.
By Organisational size
|Market Size||12.2 Billion 2030|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Hardware, By Service|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Telstra Corporation Limited (Australia), Cisco Systems Inc. (U.S.), Singapore Telecommunications Limited(Singapore), Rogers Communication Inc.(U.S.), Fujitsu Limited(Japan), Hewlett Packard Enterprise Company(U.S.), Ruckus Wireless(U.S.), Big Air Group Limited(Australia), Zebra Technologies Corporation(U.S.) and IPASS Inc.(U.S).|
|Key Market Opportunities||With the high adaptation of advanced new technology, small and medium enterprises require automated, cost-efficient, flexible, and scalable Wi-Fi networks.|
|Key Market Drivers||
The Wi-Fi as a service market is poised to mark a 20.1% CAGR.
The Wi-Fi as a service market is poised to touch USD 12.2 Bn mark by 2030.
Increasing demand for wireless connectivity, coupled with rising installation of connected devices, is projected to boost market growth.
By hardware, the segments of the Wi-Fi as a service market are wireless access point, antenna, gateway, and wireless LAN controller.
Increasing demand for cost-efficient Wi-Fi solutions for SMEs is anticipated to drive expansion of the Wi-Fi as a service market in the region.
North America is expected to give maximum profit to the Wi-Fi market as the demand rate is considerably high in this region.
Key Questions Answered
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