WiFi As A Service Market Size, Share Analysis, Growth Trends And Global Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's WiFi As A Service Global Market Report 2023 identifies increase in the adoption and deployment of WiFi systems as the major driver for the WiFi as a service market's growth in the forecast period. The increase in the adoption of WiFi systems is primarily due to the reduction of the cost of ownership, increased efficiency, access, availability, flexibility, and convenience benefits. The increased adoption and deployment of WiFi systems automatically trigger the need for WiFi as a service option.

The global WiFi as a service market size will grow from $5.45 billion in 2022 to $6.36 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the WiFi as a service is expected to grow to $11.69 billion in 2027 at a CAGR of 16.4%.

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Major competitors in the WiFi as a service market are Arista, Aruba, Cisco, Viasat, Extreme Networks, Fortinet, Huawei Technologies, iPass, Juniper Networks, Rogers Communication.

A key trend in the WiFi as a service market includes new technology development. Many companies operating in the WiFi as a service market are developing new products or new technologies to meet the fast-growing demand from end customers and strengthen their business presence. New technology developments including smart WiFi management platforms offering various access points with better integration are focused on increasing the operational efficiency and reducing costs of ownership. For instance, in October 2021, HCL Technologies (HCL), a renowned worldwide technology company, launched HCL SMARTWiFi, a WiFi management platform aimed at communication service providers (CSPs) who provide WiFi services. HCL SMARTWiFi is a cloud-native, containerized, and highly scalable WiFi access point platform for large-scale deployments. When compared to traditional offerings, the platform has a cheaper total cost of ownership and contains a variety of access points from various prominent WiFi access point vendors. For operational control and reporting, HCL SMARTWiFi integrates with operation support and business support systems (OSS/BSS) network components for operational control and reporting.

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The WiFi as a service market is segmented -
1) By Component: Professional Services, Managed Services

2) By Location Type: Indoor, Outdoor

3) By Enterprise Size: Large Enterprises, Small & Medium Enterprises (SMEs)

4) By End Use Industry: Telecom and IT, BFSI, Education, Healthcare, Hospitality, Transportation, Retail, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the WiFi as a service market.

The Business Research Company's "Global WiFi As A Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The WiFi As A Service Market Include:
1. Executive Summary
2. WiFi as a Service Market Characteristics
3. WiFi as a Service Market Trends And Strategies
4. WiFi as a Service Market - Macro Economic Scenario
5. WiFi as a Service Market Size And Growth
…..
26. Africa WiFi as a Service Market
27. WiFi as a Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The WiFi as a Service Market
29. WiFi as a Service Market Future Outlook and Potential Analysis
30. Appendix

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