Status : Published Published On : Mar, 2022 Report Code : VRICT5162 Industry : ICT & Media Available Format : Page : 250
2022
2030

Global Wi-Fi as a Service Market – Analysis and Forecast (2022-2030)
Industry Insight by Service (Managed Services and Professional Services (Advisory and Implementation, Support and Maintenance, and Training), by Solution (Wireless Local Area Network (WLAN) Controllers and Access Points), by Location Type (Indoor and Outdoor), by Organization Size (Large Enterprises and Small and Medium Enterprises), by Vertical (Education, Retail, Travel and Hospitality, Healthcare and Life Sciences, Manufacturing, Banking, Financial Services, and Insurance, Service Providers, Transportation and Logistics, Government and Public Sector, and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

During the projected period 2022-2030, the global wi-fi as a service (PaaS) market is estimated to develop at a CAGR of 19.6 percent, from USD 4.85 billion in 2021 to USD 15.56 billion in 2030. WiFi as a Service (WaaS) is a subscription-based method that integrates infrastructure, software, and managed services in a single package. It's simple to use, saves time, doesn't require cable installation, and allows 24/7 remote monitoring and troubleshooting of configuration difficulties. It enables reliable network connections for back-office and customer use while giving a framework for constructing an intelligent multichannel customer experience.

Wi-Fi as a Service Market Highlights

Thus, it is used to provide secure wireless local area network (WLAN) access across multiple locations in enterprises with limited information technology (IT) resources. Users can also benefit from a fast data network because it can be managed by a network operating center (NOC).  The robust development of technologies, digital platforms in businesses, and customers are converting their CAPEX and OPEX-based business models to subscription-based consumption models to reduce the cost of ownership, which is driving the WaaS industry forward.

In the face of COVID-19, Wi-Fi networks were critical to national resilience. With the expanding number of connected gadgets and people working remotely, there has been a global growth in work-from-home Wi-Fi activity. However, due to shelter-in-place directives, Wi-Fi use in public locations such as coffee shops, hotels, and airports has plummeted. In post-pandemic circumstances, it is projected that the use of enterprise-class and high-density Wi-Fi solutions will continue to rise.

Market Segmentation

Insight by Service

Based on service, the global Wi-Fi as a service market is classified into managed services and professional services. Professional services are further divided into advisory and implementation, support and maintenance, and training. The managed services are anticipated to have the largest share during 2022-2030 owing to the mounting adoption of managed services in various end-user so as to address budget constraints and lack of technological knowledge will propel the growth of the segment. When the Wi-Fi network is outsourced to a competent managed service provider, it is referred to as managed services. It boosts employee productivity while also providing a positive consumer experience. However, the professional services segment is anticipated to have constant growth owing to the increased need to provide consultancy, training, implementation, support, maintenance, and advisory services about Wi-Fi network infrastructure among end-users.

Insight by Solution

Based on the solution, the global Wi-Fi as a service market is classified into wireless local area network (WLAN) controllers and access points. WLAN controller is anticipated to witness the largest market share as these controllers can provide several deployment solutions as per the need of the clients and reduce operational costs. Furthermore, the surge in Wi-Fi deployments, particularly in the retail, travel, and hospitality sector will propel the demand for WLAN controllers in the global WaaS market.

Insight by Location Type

Based on location type, the global Wi-Fi as a service market is bifurcated into indoor and outdoor. The outdoor segment is expected to have a significant share during the forecast period owing to the increased installation of outdoor access points for smart cities and colleges and universities. The demand for internet connectivity in high-density areas such as malls, public parks, education centers, and parking spaces is expanding as a result of the increasing market penetration of smart consumer goods such as smartphones, laptops, and tablets, among others. Furthermore, several governments throughout the world are rapidly investing in providing free Wi-Fi connectivity in public transportation services to assure traveler safety. These all factors will accelerate the growth of the outdoor location segment in the Wi-Fi as a service market.

Insight by Organization Size

Based on organization size, the global Wi-Fi as a service market is categorized into large enterprises and small and medium enterprises. The SME holds the largest share in the market as Wi-Fi as a Service offers high productivity and decreased operational costs. Furthermore, there is increased adoption of Wi-Fi as a Service for small and medium enterprises operating in education, retail, healthcare and life sciences, travel, and hospitality. Wi-Fi services have enabled SMEs to gain access to fast, consistent, and secure networking performance without having to establish or manage cable-based connectivity in their offices, resulting in market growth.

Insight by Vertical

On the basis vertical, education, retail, travel and hospitality, healthcare and life sciences, manufacturing, banking, financial services, and insurance, service providers, transportation and logistics, government and public sector, and others make up the global Wi-Fi as a service market. Service providers dominate the Wi-Fi as a service market owing to the rising demand for bandwidth among consumers and increased penetration of internet connectivity will fuel the growth of the Wi-Fi as a Service market. Infrastructures in the government and public sector contain critical data. WiFi as a service can be used to build a specialized network for government proceedings alone, resulting in a more effective and efficient communication route.

Wi-Fi as a Service Market Report Coverage

Report Metric

Details

Historical Period

2018–2021

Base Year Considered

2021

Forecast Period

2022-2030

Market Size in 2021

$4.85 Billion

Revenue Forecast in 2030

$15.56 Billion

Growth Rate

19.6%

Segments Covered in the Report

By Service, By Solution, By Location Type, By Organization Size, and By Vertical

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and the Rest of the World

 

Industry Dynamics

 

Industry Trends

The rising traction in the BFSI sector so as to offer security protection, decrease latency, and provides business with a competitive edge are the trends prevalent in the Wi-Fi as a service market. Also, it is extensively used by SMEs to acquire analytics about customer engagement and take actions in real time. The evolving trend of Wi-Fi marketing is a state-of-art technology for brick-and-mortar businesses to develop loyalty among customers, perform relevant digital ads, send emails and messages, and automate customer communications.

Growth Drivers

Factors attributing to the growth of wi-fi as a service market owing to the demand from the organizations to decrease the cost of ownership of Wi-Fi infrastructure and its remote troubleshooting, rising demand for high-speed and extensive network coverage, rising adoption of BYOD and CYOD trend in the businesses, increased influx of mobile devices at the workplace, and the increasing investment in smart cities will accelerate the growth of the market. The cloud-based centralized management of the Wi-Fi as a service business saves money and time by allowing network managers to resolve problems with Wi-Fi infrastructure remotely via a network management interface from a remote location. Also, it is deployed in the healthcare industry to provide healthcare professionals timely health information, reminders, and support along with monitoring patients remotely.

Challenges

The failure in cloud connectivity can impact business-critical functions and data security issues may impede the growth of the Wi-Fi as a service market. Another major issue is natural or man-made disasters, which can destroy data centers, causing loss of internet connectivity and disrupting many business processes.

Opportunities

The surge in demand for Wi-Fi as a service from small and medium enterprises owing to automation, flexible, cost-effective, and scalable Wi-Fi networks will create lucrative growth opportunities in the market. Furthermore, increased adoption of cloud technology, IoT, etc. will provide functioning of network service, resulting in growth potential in the market.

Geographic Overview

North America dominates the Wi-Fi as a service market owing to massive investment in cloud-based solutions, rapidly growing infrastructure, favorable policies by the government, and are early adopters of technology. Furthermore, the presence of key industry players like Cisco, Extreme Networks, etc., substantial adoption of IoT, and advancement of smart cities will fuel the growth of the Wi-Fi as a service market.

Competitive Insight

The global market for WaaS solutions and services is extremely competitive, thus suppliers are focusing on solidifying their positions through new product development, building feature-rich solutions, and gaining higher market awareness. In order to meet the growing customer base, companies in the WaaS industry are strategically combining with domestic players to augment individual services into a multi-faceted solution.

CommScope pushes the limits of communications technology to create the world's most advanced networks. They create, manufacture, install and maintain the hardware infrastructure and software intelligence that allows digital society to function and prosper. They've advanced into broadband, corporate, and wireless networks with the help of consumers to power progress and establish enduring partnerships. People and solutions all across the world are redefining connectedness, solving today's problems, and driving the innovation that will meet the requirements of the future. CommSpace thrives to innovate by offering a portfolio that includes HELIAX, SYSTIMAX, NOVUX in their network solutions.

Hewlett Packard Enterprise is a global edge-to-cloud corporation that helps businesses to provide all the data.  HPE provides distinctive, open, and intelligent technology solutions as a service by focusing on innovations and inventions.  HPE provides a consistent experience across all clouds and edges, helping businesses establish new business models, and improve operational performance, with services encompassing Cloud Services, Compute, High-Performance Computing & AI, Intelligent Edge, Software, and Storage.

In February 2022, Cisco unveils new solutions to assist organizations in rapidly scaling networks and digitization of operations in order to reimagine the campus experience to accommodate hybrid work. With Cisco Silicon One, the company introduces the industry's first high-end Wi-Fi 6E access points, Private 5G for the enterprise as a managed service, and new high-powered Catalyst 9000X series switches to give top speeds and performance with the security needed for hybrid work. Customers can simplify the technology needed for hybrid work, including smart and sustainable workspaces and secure IoT at scale, using Cisco's powerful suite of platforms, including Cisco DNA Spaces, Cisco DNA Center, and Meraki.

In February 2022, Hewlett Packard Enterprise has announced that it is extending its leadership in enterprise connectivity with new private networking capabilities that span 5G and Wi-Fi, allowing new enterprise and industrial applications from edge to cloud. The private 5G solution, which is pre-integrated with radio access capabilities from leading manufacturers, can be deployed rapidly, flexibly, and as a service with HPE GreenLake.

Some of the major players operating in the Wi-Fi as a service market include Cisco, Extreme Networks, Huawei Technologies Co., Ltd., CommScope Inc., Hewlett Packard Enterprise Development LP (Aruba), Rogers Communications, Tata Communications, ADTRAN, Juniper Networks, Inc., and Telstra.

Wi-Fi as a Service Market Size and Market Analysis

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

Frequently Asked Questions

During the projected period 2021-2027, the global wi-fi as a service (WaaS) market is estimated to develop at a CAGR of 20.4 percent, from USD 4.3 billion in 2021 to USD 10.7 billion in 2027.
The managed services are anticipated to have the largest share during 2021-2027 owing to the mounting adoption of managed services in various end-user so as to address budget constraints and lack of technological knowledge will propel the growth of the segment.
The convenience of Wi-Fi structure management and its remote troubleshooting, mounting demand for Wi-Fi as a service to decrease capital and operational expenditure, increasing implementation of smart city projects that depends on IoT and novel technologies like cloud, mobility, data communications, sensors, etc. will propel the growth of the Wi-Fi as a service market.
North America dominates the Wi-Fi as a service market owing to massive investment in cloud-based solutions, rapidly growing infrastructure, favorable policies by the government.
Some of the major players in the global Wi-Fi as a service market include Cisco, Extreme Networks, Huawei Technologies Co., Ltd., CommScope Inc., Hewlett Packard Enterprise Development LP (Aruba), Rogers Communications, Tata Communications, ADTRAN, Juniper Networks, Inc., and Telstra.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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