Wi-Fi Market Overview Analysis, Trends, Share, Size, Type & Future Forecast to 2032

The Global Wi-Fi Market size was valued at USD 12.56 billion in 2022, and is projected to reach USD 32.57 billion by 2032 at a CAGR of 20.5% from 2022 to 2032.

Wi-Fi as a Service (WaaS) is a totally cloud-based management solution that enables businesses with constrained IT staff to offer dependable, quick, and secure WLAN connectivity at several locations. WaaS may be controlled through a network operating centre (NOC), making it simple and quick to deploy. As a result, it enables smaller corporate organisations to have a fast and dependable data network.

Since telecom & IT organisations are the main consumers of Wi-Fi as a service, the telecom & IT sector held the largest share of the worldwide Wi-Fi as a service market in 2019, according to industry vertical. Additionally, the rise in the BYOD trend and increased internet-connected device adoption in IT organisations are propelling the growth of this market. This industry is expanding as a result of rising demand for an uninterrupted internet connection and a central platform for network management by outside parties or networking professionals.

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Due to the presence of several important companies operating in the area, including Cisco, Extreme Networks, and Aruba, North America held the largest market share for Wi-Fi as a service in 2019. In addition, this region's early adoption of cutting-edge technologies for connection and high ICT expenditure are the main drivers of market expansion. The expansion of the Wi-Fi as a service industry is also being driven by substantial IoT usage and the creation of smart city initiatives.

The report focuses on the growth prospects, restraints, and global Wi-Fi as a service market trends. Moreover, the study includes Porter's five forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the WaaS market.

Segmentation:

By Component

· Hardware

· Software

· Services

By Technology

· Wi-Fi 5

· Wi-Fi 6

· Wi-Fi mesh networks

By Application

· Video Streaming

· Gaming

· Teleconferencing

· Smart Home Automation

By End-users

· Consumers

· Enterprises

· Government Organizations

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Company Profiles:

· Cisco Systems

· Broadcom Inc.

· Qualcomm Inc.

· Huawei Technologies Co. Ltd.

· Ericsson

· Nokia Corporation

· Ruckus Networks, a division of Arris International

· Netgear Inc.

· TP-Link Technologies Co. Ltd.

· Extreme Networks

· Aruba Networks

· Aerohive Networks

· Ubiquiti Inc.

· Juniper Networks

· Cambium Networks Ltd.

Global Wi-Fi Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Wi-Fi market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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