Global Market for Wi-Fi as a Service is Anticipated to grow at a Significant Pace i.e., USD 10.7 Billion during the Forecast Period 2021-2027

Published Date: Mar, 2022

The global Wi-Fi as a service market is projected to grow at a 20.4% CAGR during 2021-2027. WaaS (Wi-Fi as a Service) is a cloud-based management solution that enables enterprises with little IT resources to provide safe, reliable, and quick WLAN connectivity across multiple locations. Moreover, it can be controlled through a network operating center (NOC), thus allowing smaller businesses to have a fast and reliable data network. 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. Also, the rising prominence of chronic diseases and convenience in accessing medical facilities, mounting demand for high-speed internet will accelerate the demand for ways to aid patients in improving their quality of life. Nevertheless, the presence of several industry players in the industry has led to increased competitiveness in the market.

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.

The COVID-19 pandemic has led to the adoption of work from home culture. There is constant work demand and the need for effective communication has led to the adoption of a strong and smooth network. Strong wireless connectivity is now essential for business meetings, client video chats, and other operations. Companies are now opting for Wi-Fi as a Service since they have fewer IT staff available to tackle connection-related issues.

Browse 73 market data Tables and 47 Figures spread through 250 Pages and in-depth TOC on "Wi-Fi as a Service Market 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 Region - Global Forecast to 2027"

By services, managed services contribute to the largest share in the market.

Based on service, the global Wi-Fi as a service market is classified into managed services and professional services. Managed services contribute to the largest share in the WaaS market as it provides services that monitor and manage hardware devices along with managing network availability and performance. They also ensure that networks run smoothly and securely, increasing the use of managed services.

Global Wi-Fi as a Service Market Segmentation Analysis

Segment

Categorization

Leading Category

Service

 Managed Services and Professional Services (Advisory and Implementation, Support and Maintenance, and Training)

Managed Services (Largest)

Solution

Wireless Local Area Network (WLAN) Controllers and Access Points

Wireless Local Area Network (WLAN) Controllers (Largest)

Location Type

Indoor and Outdoor

Outdoor

 (Significant Growth)

 

Organization Size

Large Enterprises and Small and Medium Enterprises

Small and Medium Enterprises

(Largest)

 

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

Service Providers (Largest)

Region

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

North America

(Largest)

Asia-Pacific (Fastest)

 

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“Asia-Pacific is anticipated to have fastest growth in the Wi-Fi as a Service market during 2021-2027.”

Asia-Pacific is anticipated to have the fastest growth owing to the increased adoption of digitalization has led to the need of efficient network systems. Also, the development of enterprise IT infrastructure, large-scale outsourcing of BPO/KPO operations in countries like India, China, Malaysia, etc. growth in SMEs, will proliferate the growth of the market.

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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

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

Geographies Covered in the Study

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

Companies Covered in the Study

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

Global Wi-Fi as a Service Market Coverage

Service Insight and Forecast 2015-2027

  • Managed Services
  • Professional Services
    • Advisory and Implementation
    • Support and Maintenance
    • Training

Solution Insight and Forecast 2015-2027

  • Wireless Local Area Network (WLAN) Controllers
  • Access Points

Location Type Insight and Forecast 2015-2027

  • Indoor
  • Outdoor

Organization Size Insight and Forecast 2015-2027

  • Large Enterprises
  • Small and Medium Enterprises

Vertical Insight and Forecast 2015-2027

  • Education
  • Retail
  • Travel and Hospitality
  • Healthcare and Life Sciences
  • Manufacturing
  • Banking, Financial Services, and Insurance
  • Service Providers
  • Transportation and Logistics
  • Government and Public Sector
  • Others

Geographical Segmentation

Wi-Fi as a Service Market by Region

North America

  • By Service
  • By Solution
  • By Location Type
  • By Organization Size
  • By Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Service
  • By Solution
  • By Location Type
  • By Organization Size
  • By Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Service
  • By Solution
  • By Location Type
  • By Organization Size
  • By Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Service
  • By Solution
  • By Location Type
  • By Organization Size
  • By Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries