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The global Wi-Fi as a Service market is estimated to grow at a CAGR of ~20% during the forecast period 2021-2027. The market growth is attributed to various factors such as the rapid growth of the internet industry, the rising trend of Bring Your Own Device (BYOD), and other key factors.
The demand for fast internet has increased three folds over the past two decades and is expected to further show the double digits growth in the coming future. With shifting network management towards the cloud, SMEs can access wireless internet services without any technical expertise at affordable pricing. The cloud management model has boosted the Wi-Fi as a Service opportunity for MSPs/VARs. Wi-Fi technology has improved in recent years, providing more bandwidth and allows multiple users to connect to a LAN and WAN, and eliminates the need for wires. With the increasing deployment of home area networks and local area networks (LANs) such as WLAN and Wi-Fi, the market is anticipated to have a positive outlook in the coming years.
Segmentation Overview of the Global Wi-Fi as a Service market
The global Wi-Fi as a Service market is segmented on the basis of solution, service, location, organization size, and application. These major market segments are further categorized into various sub-segments to study the market in detail.
By Organization Size:
Regional Overview of the Global Wi-Fi as a Service market
Geographically, the global Wi-Fi as a Service market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. As per the studies, the Asia-Pacific Wi-Fi as a service is estimated to grow at a significant growth rate due to the ongoing digitalization and demand for managed IT services in various industries such as retail, telecommunication, manufacturing, hospitality, and others. Also, the increasing trend of BYOD in the APAC region is owing to the improvement of broadband and mobile infrastructures is positively contributing towards the market growth over the forecast period.
Key Players Insights
Adtran Inc., Aerohive Networks, Inc., BigAir Group Limited, Cisco Systems, Inc., Fujitsu Limited, iPass Inc., Mojo Networks, Inc., Rogers Communications Inc., Ruckus Wireless, Inc., Singapore Telecommunications Limited, Telstra Corporation Limited, ViaSat Inc. and Zebra Technologies Corporation among others are some major players included in the research study of the global Wi-Fi as a Service market.
Research Report on the Global Wi-Fi as a Service market include: