CHICAGO, Dec. 11, 2023 (Globe Newswire) — global Wi-Fi as a Service market It is expected to grow from $4 billion in 2021 to $10.1 billion by 2026. a Average annual growth rate (CAGR) 20.1% During the forecast period, According to a new report from MarketsandMarkets™.
WiFi as a Service is a cloud-managed WiFi service offered to end users through a subscription-based pricing model. It reduces the capital and operational costs of deploying, securing, updating, backing up, powering, and cooling appliances that organizations are responsible for in traditional on-premises WiFi models. WiFi as a Service allows you to host both your wireless local area network (WLAN) controller and management dashboard on the cloud. It also reduces the cost of implementing on-site controllers.
See detailed table of contents “WiFi as a Service Market”
255 – table
40 – Figure
273 – Page
Key factors driving market growth include decreasing cost of ownership of WiFi infrastructure for organizations, development of smart cities, and increasing demand for high speed and extensive network coverage.
Wi-Fi as a Service market dynamics:
driver:
-
Efforts for digital transformation in business, paving the way for Wi-Fi networks
-
Adoption of smartphones and wireless devices increases around the world
-
Ease of Wi-Fi infrastructure management and remote troubleshooting
-
CAPEX and OPEX savings with the as-a-service model
-
Trends in BYOD and CYOD adoption increasing among organizations
opportunity:
-
The advent of Wi-Fi 6 will drive the growth of as-a-service models in various industries
-
Increased demand for Wi-Fi as a service in small and medium-sized businesses and distributed enterprises
-
Expansion of smart cities
Restraint:
List of major players Wi-Fi as a Service market:
-
Cisco (USA),
-
Huawei Technologies Co., Ltd. (China),
-
CommScope (USA),
-
Aruba – Hewlett Packard Enterprise Company (USA);
-
Extreme Networks (USA),
-
Singtel (Singapore),
-
Rogers Communications (Canada),
-
Adtran (USA),
-
Tata Communications (India),
-
Axians (France),
-
fortinet
Please contact us before purchasing@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=143023614
The scope of this report covers the WiFi as a Service market based on services, solutions, organization size, location type, industry, and region. Based on services, the market is segmented into managed services and professional services. The managed services segment is projected to lead the WiFi as a Service market during the forecast period.
Based on the size of the organization, the market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. The SME segment is expected to grow at a higher CAGR compared to the large enterprise segment during the forecast period. The growth of this segment can be attributed to the increased adoption of WiFi as a service by small and medium-sized businesses to ensure network security and quality of service.
Among industries, the education sector is projected to lead the WiFi-as-a-Service market from 2020 to 2025. The rapid adoption of the Internet and the bring your own device (BYOD) trend in the education industry is driving the growth of WiFi as a service. Service markets around the world. Educational institutions offer cloud-based WiFi services to students and teachers to access important information from remote locations.
The WiFi as a Service market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The growth of the market can be attributed to the increasing demand for this service from countries such as China, Japan, South Korea, and Japan. These countries use wireless Internet extensively to meet the unparalleled requirements for WiFi connectivity among large and small businesses in the region. Industries in populous countries like India and China are also adopting WiFi as a service to advance and streamline business processes.
Small and medium-sized businesses need automated WiFi networks that are cost-effective, flexible, and scalable. That’s why the company has adopted his WiFi as a service model, allowing small and medium-sized businesses and distributed enterprises with small budgets and limited resources to achieve uninterrupted internet connectivity. Distributed enterprises require one centrally located unit to manage the entire network and scale quickly. This technology easily meets the requirements, leading to his adoption of WiFi as a service in decentralized enterprises. Similarly, small businesses have infrastructure, staff, and capital limitations that can be overcome by implementing his WiFi as a service. Therefore, the increasing demand for this service from small and medium-sized enterprises and distributed enterprises provides growth opportunities for the WiFi as a Service market.
See adjacent markets: Mobility and Communications Market Research Report and Consulting
See related reports:
NLP in the education market
Metaverse in the game market
contactless payment market
Data visualization tools market
perimeter security market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com
