• Stacy Lawlor

Global Wi-Fi As a Service Market Size to grow USD 13.4 Bn in 2028.

The Global Wi-Fi As a Service Market to grow USD 13.4 Bn in 2028, at a CAGR of 21.5%

Global Wi-Fi As a Service Market Size to grow USD 13.4 Bn in 2028.

The Global Wi-Fi As a Service Market Size was valued at USD 4.5 Bn in 2021. The market is projected to grow USD 13.4 Bn in 2028, at a CAGR of 21.5%. Wi-Fi-as-a-Service is a subscription-based service that integrates three essential components including software, infrastructure and managed services which offers centralized network management, customized captive portals, real-time visibility, access points, firmware upgrades, around-the-clock monitoring and troubleshooting and many more.

Global Wi-Fi As a Service Market Size

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Wi-Fi as a service facilitates clients to get to the root cause of network problems quickly without the downtime of false starts and dead ends, which help to keep the up the uninterrupted network, running, & supporting the business and decreases the labour costs related to ineffective root cause analysis. For instance, the average customer claims to spend 9.2 hours per week troubleshooting Wi-Fi. If the time spent troubleshooting Wi-Fi is decreased by 71%, the average enterprise would see an annual cost savings of $113 per Wi-Fi end user.


The outbreak of COVID-19 is anticipated to have a considerable impact on the growth Wi-Fi as a service market. In most of the countries, demand for Wi-Fi services has increased due to work from home trend since lockdown imposed across the world. This has contributed significantly for continuation of revenue generation across Wi-Fi industry and in turn leading to growth of this market. In addition, key industry players such as Cisco, Aruba, and Juniper are revealing new applications and services targeted at helping organizations safely re-open their facilities when due to the COVID-19 pandemic permits.


By industry vertical, the IT & telecommunications sector accounted for the highest share in the global Wi-Fi as a service market in 2019, as telecom & IT companies are primary users of Wi-Fi as a service. In addition, increase in penetration of internet-connected devices in IT organizations and rise in BYOD trend are driving the growth of this segment. Increase in demand for seamless internet network as well as central platform to manage the networks by third parties or networking experts is further fueling the growth of this market.


By Location Type, the outdoor segment is expected to have a higher growth rate. This deployment type is useful in high-density areas and crowded places, wherein there are many Wi-Fi users. The deployment of access points in outdoor environments extends in-building network coverage to unpenetrated areas and allows Wi-Fi users to access business applications and network resources from any location.

Global Wi-Fi As a Service Market Size

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In 2019, North America accounted for the highest Wi-Fi as a service market share, due to the presence of major key players operating in the region such as Cisco, Extreme Networks, and Aruba. Moreover, high ICT spending and early adoption of advanced technologies for connectivity in this region are the key factors that drive the market growth. In addition, significant adoption of IoT & developing smart city projects are propelling the Wi-Fi as a service market growth.


KEY INDUSTRY DEVELOPMENTS:

December 2021- Huawei has launched WiFi 6 AP along with data communication products which will create a seamless network for supermarket chains.


May 2021- Aruba launched a new Wi-Fi 6E solution for enterprise-grade to deliver lower latency, faster data rates and greater performance for high-bandwidth applications and use cases.


February 2021- Juniper Networks has launched AI-driven Wi-Fi 6E Access Points and IoT Assurance service which streamlines and scales the securing of IoT devices without Network Access Control.


January 2019- Extreme Networks has launched integrated edge technology Wi-Fi 6 for indoor, outdoor and stadium Wi-Fi access points and a new family of multi-rate Gigabit switches.


Read More Details On This Report:

https://extrapolate.com/Information-Technology-Communication-IoT/wi-fi-as-a-service/25641

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