The global Wi-Fi as a service market size was evaluated at $5.32 Billion in 2022 and is slated to hit $24.53 billion by the end of 2030 with a CAGR of nearly 21.5% between 2023 and 2030.
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➤ The global market is expected to expand over the period of 2023-2030 due to the increasing demand for remote troubleshooting and the reduction of capital expenditure.
The global Wi-Fi as a service market is growing due to the increasing demand for remote troubleshooting, central network management, high-speed and extensive network coverage, and low capital expenditures. Furthermore, the global market demand will be sustained by the widespread adoption of Wi-Fi as a service in small and medium-sized businesses. The market has experienced significant growth worldwide due to the favorable features of Wi-Fi as a service, such as its send-to-end visibility.
➤ The global industry’s development is impeded by the failure of an efficient cloud connection and concerns regarding data security breaches.
The expansion of the global Wi-Fi as a service industry can be impeded by data security concerns and the failure of effective cloud connectivity.
➤ The global market is presented with new development opportunities as a result of the increasing demand for smartphones and Wi-Fi among small businesses.
The global market is expected to explore new avenues of growth in the years ahead as a result of the acceptance of BYOD and the increase in the use of devices in the workplace. Additionally, minor organizations and offices utilize Wi-Fi as a service due to its capacity to be managed by network operating centers, which enables them to provide fast and dependable network access. This, in turn, will create new opportunities for the global market to expand.
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The Global Wi-Fi As A Service Market is segmented based on product, application and region
Global Wi-Fi As A Service Market: Product Segment Analysis
● Indoor
● Outdoor
Global Wi-Fi As A Service Market: Application Segment Analysis
● Education
● Manufacturing
● Retail
● BFSI
● Travel & Hospitality
● Government & Public Sector
● Healthcare & Lifesciences
● Transportation & Logistics
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The global Wi-Fi As A Service market profiles key players such as:
● D-Link Corporation
● LANCOM Systems
● Cucumber Tony
● Viasat Inc
● Cisco Systems
● Ubiquiti
● Singtel
● Dell Technologies
● iPass
● Huawei Technologies Co. Ltd
● Rogers Communications
● Aruba
● Commscope
● TP-Link
● Telstra Corporation
● Juniper Networks Inc
???? Recent Developments
• Nokia launched the Beacon 10, the first Wi-Fi 6E gateway, in February 2023. This device offers Wi-Fi bandwidth of nearly 10 Gbps. This action will expand the Wi-Fi service industry’s potential for development in the years ahead.
• In October 2022, HFCL Limited, a prominent high-tech company and integrated provider of next-generation communication solutions, partnered with Qualcomm Technologies, Inc. to introduce open-source Wi-Fi 7 access points, a groundbreaking development in the global market. The new Wi-Fi system will facilitate the delivery of real-time applications, enhanced interference mitigation, improved spectral efficacy, and an exceptionally high throughput.
➤ The Asia-Pacific Wi-Fi as a service market is expected to experience a significant expansion between 2023 and 2030.
The regional market dominance of the Asia-Pacific region, which accounted for nearly 38% of the overall Wi-Fi as a service market share in 2021, is expected to persist in the years ahead. The increase in the use of smartphones and the internet in countries such as India, Bangladesh, Thailand, Indonesia, and China may contribute to the growth of the regional market in the future years. The market’s expansion in the subcontinent will be further bolstered by an increase in the number of internet subscribers.
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