Between 2022 and 2032, the market for WiFi as a service is projected to grow at an effective CAGR of 18.2%. Market growth for WiFi as a service is anticipated to reach $26.0 billion in 2032, up from $4.9 billion in 2022. Previously, the market expanded faster, 1.7%, from 2015 to 2021, reaching a peak of US$ 4.1 billion in that year.
The creation of cloud-based services for managing WiFi infrastructure and remote troubleshooting is likely to help business development.
Broad coverage and high-speed internet access are essential for corporate expansion. WiFi as a service (WaaS), which is anticipated to combine software, infrastructure, and managed services sectors into one packaged service, is in high demand.
The WiFi as a Service (WaaS) market refers to the delivery of wireless internet access as a managed service, rather than as a standalone product. The service is typically provided by an external provider, who is responsible for the installation, maintenance, and support of the WiFi network.
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WaaS is gaining popularity as a cost-effective solution for businesses and organizations that want to provide high-speed internet access to their employees, customers, or guests. The service is ideal for organizations that do not have the expertise, resources, or budget to manage a complex WiFi network internally.
The WaaS market is growing rapidly, driven by the increasing demand for reliable and high-speed internet access, the growing number of connected devices, and the growing adoption of cloud-based services. The market is expected to continue to grow in the coming years, as more organizations adopt WaaS as a way to improve their connectivity and ensure the availability of essential services.
What Opportunities Exist Currently in the WiFi as a Service Market?
Due to their affordability, adaptability, scalability, and automation, WiFi networks are gaining popularity among end-user enterprises all over the world. As a result, businesses are increasingly implementing Software as a Service (SaaS)-based wireless fidelity models and WiFi as a service to take advantage of constant Internet connectivity despite their limited financial and human resources.
The growing popularity of both public and private SaaS models has led to an increase in demand for WiFi as a service. Organizations employ SaaS services to send data securely via WiFi while also protecting it. Leading WiFi as a service providers are creating numerous WiFi as a service model initiatives.
Key Players
- Juniper Networks Inc.
- Cisco System Inc.
- HPE (Aruba)
- Extreme Networks
- Huawei Technologies Co. Ltd.
- Fortinet
- Ruckus Networks
- Arista Networks
- D-Link Corporation
- TP-Link
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Key segments
By Services:
- Professional Services
- Managed Services
By Solution:
- Access Points
- Wireless Local Area Network (WLAN) Controllers
By Organization Size:
- Large Enterprises
- Small and Medium Enterprises
By Location Type:
- Indoor
- Outdoor
By Vertical:
- Education
- Retail
- Travel and Hospitality
- Healthcare and Life Sciences
- Manufacturing
- Banking, Financial Services, and Insurance (BFSI)
- Service Providers
- Transportation and Logistics
- Government and Public Sector
- Others (Media and Entertainment, Non-profit Organizations, and Real Estate)
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on WiFi as a Service Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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