Press release
Huge impact of covid19 on Global Wi-Fi as a Service (WaaS) Market to Record Significant Revenue Growth During the Forecast Period 2020–2029
The global Wi-Fi as a service (WaaS) market accounted for US$ XXX.X billion in 2018 and is estimated to be XXX.X billion by 2026 and is anticipated to register a CAGR of XX.X%. The report. "Global Wi-Fi as a Service (WaaS) Market, By Solution (Access Points and WLAN Controllers), By Service (Professional and Managed Services), By Location Type (Indoor and Outdoor), By End-Use Industry (Healthcare, IT and Telecommunications, Public Sector and Government, Education, Manufacturing, Banking, Financial Services And Insurance (BFSI), Hospitality and Travel, Logistics and Transportations, and Retail), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.Key Highlights:
On May 2019, Cisco Systems, Inc., partnered with Linus Tech Tips in order to launch some new Meraki WiFi6 compatible access points. Wi-Fi 6 has the ability to power entirely new mobile services by providing faster speeds for immersive-experience applications. In addition it offers more device and IoT capacity for high-density environments, such as malls, university lecture halls, stadiums, and manufacturing facilities.
In Oct 2018, Huawei Technologies Co. driven its high-accuracy wireless location solutions, AP4050DN-E AP and AP4050DN-AOA Wi-Fi Access Point (AP) to meet wireless access requirements of both, industrial and commercial areas.
Analyst View:
Growth in demand for public Wi-Fi service
Public Wi-Fi hotspots have been launched at locations, like hotels, railway stations, metro stations, cafes, airports, markets, parks, educational institutions, and other public places. The Wi-Fi as a service (WaaS) market is driven by the growing penetration of smart devices across several countries. Rising internet penetration with the growing consumption of rich media content coupled with rising trend of social media are the major factors boosting the adoption of the Wi-Fi technology and swelling the global market share. Further, with the increasing adoption of BYOD services and enterprise mobility between end-users, the employees can work from home or any public places at any given point of time. Along with the increasing BYOD policies, the requirement for connectivity of devices has increased, and therefore, the public hotspot helps in getting connected at a lower rate.
Rising government initiatives
Governments of developing countries are undertaking initiatives regarding digitalization in order to augment the demand for outdoor Wi-Fi hotspots in the region. India Mobile Congress (IMC) stated in 2019, Indian telecom industry roll out one million Wi-Fi hotspots in the country, which is next step toward the digital empowerment of the country. Such initiative adopted by government helps consumers to access Wi-Fi Hotspots of any of the partnering operators. Further, this factor is project to drive the outdoor Wi-Fi market.
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Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Wi-Fi as a Service (WaaS) Market”, By Solution (Access Points and WLAN Controllers), By Service (Professional and Managed Services), By Location Type (Indoor and Outdoor), By End-Use Industry (Healthcare, IT and Telecommunications, Public Sector and Government, Education, Manufacturing, Banking, Financial Services And Insurance (BFSI), Hospitality and Travel, Logistics and Transportations, and Retail), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
Key Market Insights from the report:
The global Wi-Fi as a service (WaaS) market accounted for US$ XXX.X billion in 2018 and is estimated to be XXX.X billion by 2026 and is anticipated to register a CAGR of XX.X%. The market report has been segmented on the basis of solution, service, location type, end-user, and region.
By solution, the global Wi-Fi as a Service (WaaS) market is segmented into access points and WLAN controllers
By service, the target market is segmented into professional and managed services
By location type, the target market is segmented into indoor and outdoor
By end-user, the target market is segmented into healthcare, it and telecommunications, public sector and government, education, manufacturing, banking, financial services and insurance (BFSI), hospitality and travel, logistics and transportations, and retail
By region, currently, North America contributes to the most prominent market for WaaS due to robust infrastructure and favorable governmental policies.
Competitive Landscape:
The prominent player operating in the global Wi-Fi as a service (WaaS) market includes Cisco Systems Inc., Rogers Communications, Inc., Singapore Telecommunications Limited, BigAir Group Limited, Mojo Networks, Inc., Telstra Corporation Limited, ViaSat Inc., Aerohive Networks, Inc., ADTRAN, Inc., and Fujitsu Limited.
The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.
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Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered:
Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
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