Wi-Fi as a Service Market

Wi-Fi as a Service Market size reached USD 3,800 million in 2021 and is estimated to reach USD 15,803 million in 2029 and the market is estimated to grow at a very high CAGR 19.5%

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Major Wi-Fi as a Service Market Drivers

Some of the prominent factors fuelling the Wi-Fi as a service market growth include the growing need for a faster network, the advent of the 5G network, and the rising adoption of bring your own device trend among organizations. WaaS eases the management of Wi-Fi infrastructure among businesses and helps them with remote troubleshooting. Also, the services facilitate continuous internet connectivity for small and medium enterprises with limited resources and low budgets, which is another factor encouraging the adoption of WaaS. Moreover, the easy and time-effective deployment of WaaS provides a more reliable and high-speed data network, which drives the market growth. Rising adoption of WaaS in the healthcare industry to help healthcare professionals with remote supervision of patients has contributed to the market growth.

Other factors such as easy access to medical facilities, rising incidences of chronic diseases, and growing trend of Wi-Fi marketing are projected to boost the market growth. In 2021, the sudden outburst of coronavirus had a considerable impact on the market growth. Due to stringent lockdown norms enforced across the nation, businesses started emphasizing on the delivery of digital services. The adoption of the work-from-home trend raised the need for high-speed wireless network services among organizations, thereby driving the Wi-Fi as a Service Market size.

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Enterprise Size – Segment Analysis

Large enterprise segment is forecast to dominate the market over the forecast period, owing to the increasing investment in WaaS to address data security, privacy, and cloud connectivity issues. Large enterprises deploy cloud with WaaS for developing applications and rehosting infrastructure. Further, the growing demand for WaaS across large enterprises is attributed to its remarkable features such as reducing operating costs, improving collaboration, better flexibility, and enhancing market time.

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Regional – Segment Analysis:

Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. The growing need to decrease capital expenditure and growing investment in the latest technologies with the ongoing digital transformations across retail, education, and transportation & logistics are the major factors stimulating the regional growth. Several businesses in the APAC region have shifted towards cloud-based wi-fi from traditional wi-fi for better agility. On the other hand, North America is likely to grow at a faster CAGR over the next seven years, due to the strong presence of leasing players such as Aruba, Cisco, among other.

Top Market Players

Various notable players operating in the market include Huawei technologies, Cisco Systems Inc., Singtel, Telstra Corporation, Arista Networks, GlobalReach Technology, D-Link Corporation, TP-Link, iPass, Wi-Fi Soft Solutions, among others.

Key Developments:

• • In September 2021, Tata Communications, a leading vendor of the digital ecosystem, offers Bandwidth-on-Demand (BoD) capabilities for Ethernet services, providing flexibility, with better end-user experience, and cost efficiency. This enables enterprises to self-provision additional capacity into the subscription model through a self-service customer portal to cater short-term bandwidth requirements.
  • In 2020, Huawei introduced new 5G-powered wi-fi products in the Asia Pacific to provide better services for enterprises and a superior fully wireless campus as the new cornerstone for enterprises’ digital transformation.
  • In 2019, Cisco Systems Inc. joined forces with Google LLC to offer wi-fi services at 200 public places in Bangalore, India. This facility will be available in high-traffic areas such as hospitals, bus stops, government offices, etc.

Segments covered in the Report:

The global Wi-Fi as a Service market has been segmented on the basis of Service, Enterprise Size, End-User, Location Type and regions. Based on Service, the market is segmented into Professional Services, Managed Services. Based on Enterprise Size, the market is segmented into Rapid, Conventional. Based on End-User, the market is segmented into Telecom & IT, BFSI, Education, Healthcare, Hospitality, Transportation, Retail, and Others. Based on Location Type the market is segmented into Indoor and Outdoor.

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Market Segmentation

Global Wi-Fi as a Service Market by Service

• • Professional Services
  • Managed Services

Global Wi-Fi as a Service Market by Enterprise Size

• • Large Enterprise
  • Small & Medium Enterprise

Global Wi-Fi as a Service Market by End-User

• • Telecom & IT
  • BFSI
  • Education
  • Healthcare
  • Hospitality
  • Transportation
  • Retail
  • Others

Global Wi-Fi as a Service Market by Location Type

• • Indoor
  • Outdoor

Global Wi-Fi as a Service Market by Region

• • North America Wi-Fi as a Service Market (Option 1: As a part of the free 25% customization)

    • By Service
    • By Enterprise Size
    • By End-User
    • By Location Type
    • US Market All-Up
    • Canada Market All-Up

  • Europe Wi-Fi as a Service Market (Option 2: As a part of the free 25% customization)

    • By Service
    • By Enterprise Size
    • By End-User
    • By Location Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Wi-Fi as a Service Market (Option 3: As a part of the free 25% customization)

    • By Service
    • By Enterprise Size
    • By End-User
    • By Location Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Wi-Fi as a Service Market (Option 4: As a part of the free 25% customization)

    • By Service
    • By Enterprise Size
    • By End-User
    • By Location Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Wi-Fi as a Service (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Huawei technologies
  • Cisco Systems Inc.
  • Singtel
  • Telstra Corporation
  • Arista Networks
  • GlobalReach Technology
  • D-Link Corporation
  • TP-Link
  • iPass
  • Wi-Fi Soft Solutions