Press release
WiFi As A Service Market Size and Share During 2023-2028
How big is the WiFi As A Service market?
The global WiFi as a service market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15.95% during 2023-2028.
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What is WiFi As A Service?
WiFi as a service (WaaS) delivers turnkey internet access solutions for multi-user business networks. It is a subscription-based service that integrates infrastructure, software, and service. WaaS offers several beneficial features to business operations, such as increased uptime, scalability in response to user demand, and advanced network security features. It also enables organizations with limited information technology (IT) resources to provide secure, reliable, and fast WLAN access across several locations. WaaS is time- and cost-efficient and can be easily managed via a network operating center (NOC), due to which it is widely used across the telecommunication and IT sectors.
What are the growth prospects and trends in the WiFi As A Service industry?
The recent COVID-19 outbreak compelled governments of various nations to mandate lockdowns, which, in turn, surged the demand for high-speed wireless fidelity services, such as WaaS. This represents one of the key factors accelerating the market growth. In line with this, the surging demand for better network coverage and burgeoning product application in small and medium enterprises (SMEs) are further providing a significant boost to the market growth. Moreover, favorable initiatives supporting the development of smart cities and the rapid deployment of public WiFi are other growth-inducing factors. Apart from this, the rising product demand across the retail and banking, financial services and insurance (BFSI) sectors and significant technological advancements are creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
Arista Networks Inc.
Cisco Systems Inc.
CommScope Inc.
Extreme Networks
Fortinet Inc.
Fujitsu Limited
Hewlett Packard Enterprise Development LP
Huawei Technologies Co. Ltd.
Juniper Networks Inc.
Riverbed Technology Inc.
Rogers Communications Inc.
Singtel
Telstra Corporation Limited
Viasat Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Professional Services
Managed Services
Breakup by Location Type:
Indoor
Outdoor
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by End Use Industry:
Telecom and IT
BFSI
Education
Healthcare
Hospitality
Transportation
Retail
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4803&flag=F
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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