The WiFi as a service market is anticipated to have an effective CAGR of 18.2% during the period of 2022 to 2032.The WiFi as a service market is expected to expand from USD 4.9 billion in 2022 to USD 26.0 billion in 2032. Previously, the market grew at a faster rate of 1.7 percent from 2015 to 2021, culminating in a market of USD 4.1 billion in 2021.
Business development is likely to be aided through the development of cloud-based services for WiFi infrastructure administration and remote troubleshooting.
High-speed internet service and widespread coverage are key components of business growth.
There is substantial demand for WiFi as a service (WaaS) that is expected to integrate software, infrastructure, and managed services segments into one packaged service and is also expected to be subscription-based. It is well known to end-user organizations that these services are cost-efficient and have a short life cycle, which means that the service is simple to configure for future updates. This is leading to a rise in the adoption of WiFi as a service.
| Attributes | Details |
|---|---|
| WiFi as a Service Market CAGR (2022 to 2032) | 18.2% |
| WiFi as a Service Market Size (2022) | USD 4.9 Billion |
| WiFi as a Service Market Size (2032) | USD 26.0 Billion |
As a result of the easy management of wireless infrastructure over cloud services, WiFi as a service market is experiencing rapid growth.
Managed over the cloud, the rise in adoption of WiFi as a service allows enterprises to operate wireless networks from anywhere.
Network administrators can remotely manage WiFi infrastructure issues using cloud-based centralized management, saving both time and money by performing the work from a remote location.
Commercial applications have long made use of dial-up access. Thanks to advancements in technology, even residential customers can now have reasonably priced high-speed Internet access. This is leading to a rapid rise in the adoption of WiFi as a service and development of the global industry.
As per WiFi as a service market analysis, WaaS is a service that provides access to the internet from the cloud. Cloud platforms have enabled various corporate tasks, such as marketing, R&D, and production, to become more efficient and make operations and data maintenance considerably easier.
When security fails in an enterprise, business-critical processes are at risk. This results in an overall failure of operations and adds a restraint to the WiFi as a service market future trends.
A loss of privacy may harm certain management and control capabilities in distant networks as well. As a result, the WiFi as a service market's growth is limited by minor cloud challenges and data security concerns.
WiFi networks are becoming increasingly popular among end-user businesses across the globe due to their cost-effectiveness, flexibility, scalability, and automation. Thus, organizations are increasing their adoption of WiFi as a service and Software as a Service (SaaS) based wireless fidelity models, which enable them to take advantage of continuous Internet access despite limited budgets and resources.
A surge in demand for WiFi as service services has resulted from the increasing adoption of public and private SaaS models. SaaS services are being used by organizations to safeguard and transmit data in a secure manner using WiFi. A number of WiFi as a service model projects are being developed by leading WiFi as a service market player.
WiFi as a service market is segmented by services, solution, organization size, location type, vertical, and region.
Between 2022 and 2032, the largest companies are expected to account for the majority of sales of WiFi as a service. Businesses are increasingly adopting WiFi as a service to solve problems such as privacy, data security, and cloud connectivity failures.
Additionally, infrastructures in the government and public sector store critical data for which WiFi as a service can be used to construct specialized networks. WAAS can also create routes through which different sectors of the industry communicate.
Location types are the leading application category in the WiFi as a Service Market, with an expected CAGR of 18.0%. Indoor and outdoor market shares are segmented according to location. Outdoors is likely to hold the dominant market share through 2032.
The WiFi as a service market analysis points out that the most common places to deploy these access points are at public events, stadiums, retail malls, and so on. During deployment, wireless fidelity users in heavily populated areas and busy locations are most likely to use this deployment style.
The most advanced network connectivity is provided by outdoor access points built with advanced engineering and scalable technology. Because the centralized administration console works both for point-to-point and multi-point applications, indoor access points are well suited for these types of applications. This is leading to the wide adoption of WiFi as a service.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States | 18.1 % |
| United Kingdom | 17.3 % |
| China | 17.5% |
| Japan | 16.4% |
| South Korea | 15.9% |
As the United States is a key hub for technical advancements and an early adopter of new technologies, it holds the largest market size of USD 9.1 billion for WiFi as a Service Market.
With the early adoption of advanced technology and the presence of significant WiFi as a service market players, North America is forecast to dominate the market share. As the regional leaders in sales of WiFi as a service, they constantly innovate to improve the technology's application scope. Aside from these factors, consumers' willingness to adopt the latest technology is expected to support regional WiFi as a service market growth.
There is a significant investment in cloud-based WaaS services for smart cities in Europe. WIFI@DB, for example, will be available in September 2020. It is projected to include WiFi coverage at the operator's ICE fleet, through 100 DB stops, all DB lounges, and on certain regional trains and buses.
China, India, South Korea, and Japan are the top countries for WiFi as a service market growth in the Asia Pacific. Due to its fast growth, this regional WiFi as a service market is expected to experience the highest rate of growth due to rising digitalization in various sectors, including manufacturing, automotive, healthcare, and others.
As per the WiFi as a service market trends, as a result of the ongoing digital transformation, the need for managed IT services is expanding. The mobile workforce trend and BYOD trend are gaining traction in the Asia Pacific, as broadband and mobile infrastructure develop across SMEs.
In recent years, the WiFi as a Service market has developed a competitive edge.
The industry includes Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others.
Companies are using mergers and acquisitions to strengthen their positions in light of the increasing competition in the WiFi as a service market.
In May 2021, Aruba launched its wireless fidelity 6E access point solution. WiFi in the 6 GHz band will support up to seven 160 MHz channels and will offer an aggregate data rate of 3.9 Gbps to users.
The WiFi as a service market is projected to have a CAGR of 18.2% during the forecast period.
The USA is the leading region, with an anticipated CAGR of 18.1% through 2032.
Solution leads the market with the projected CAGR of 17.9% through 2032.
The WiFi as a service market is predicted to grow to USD 26.0 billion by 2032.
Large enterprises lead the market with the projected CAGR of 18 % by 2032.
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WiFi as a Service Market
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