Wi-Fi as a Service Market size is projected to reach USD 12.21 billion by 2027, growing at a CAGR of 17.6%.

The rise in requisite for low capital expenditure, the expediency of Wi-Fi infrastructure management and its remote troubleshooting, and the surge in deployment of public Wi-Fi have boosted the growth of the global Wi-Fi as a service market.

However, security concerns hamper the growth of the market growth. On the contrary, an increase in the adoption of IoT and a surge in demand for Wi-Fi as a service among SMEs would open new opportunities for the market players in the future.

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As per the report published by Allied Market Research, the global Wi-Fi as a service industry generated $3.36 billion in 2019, and is projected to garner $12.21 billion by 2027, growing at a CAGR of 17.6% from 2020 to 2027.

Impact of Covid-19: (Pre and Post Analysis):

• Due to the Covid-19 pandemic, several companies adopted the work from home culture. This increased the demand for Wi-Fi services.

• Moreover, SMEs have increased the demand for economical and reliable wireless connectivity solutions for their organizations. This increased the market growth.

Access the full summary at: https://www.alliedmarketresearch.com/wi-fi-as-a-service-market-A09377

Based on services, the managed services segment is projected to register the highest CAGR of 20.1% during the forecast period. However, the professional services segment held the lion's share in 2019, contributing to more than two-thirds of the market.

On the basis of location type, the indoor segment is estimated to manifest the highest CAGR of 20.2% during the forecast period. However, the outdoor segment dominated the market in 2019, holding around two-thirds of the market.

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The global Wi-Fi as a service market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2019, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 20.5% during the forecast period.

The global Wi-Fi as a service market includes an in-depth analysis of the prime market players such as Cisco Systems, Huawei Technologies Co., Singtel, Viasat, Inc., Fujitsu, Commscope, Extreme Networks, Arista Networks, Inc., Pareteum Corporation, and Telstra Corporation.

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