The wifi as a service global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
WiFi as a Service Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wifi as a service market size has grown rapidly in recent years. It will grow from $5.95 billion in 2023 to $6.72 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to cost efficiency and resource optimization, scalability for growing healthcare needs, regulatory compliance, focus on patient-centric care, faster implementation and time-to-value..
The wifi as a service market size is expected to see rapid growth in the next few years. It will grow to $12.32 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to personalized medicine initiatives, continuous compliance management, enhanced user experience and interface, population health analytics, focus on mental health support, enhanced data governance and ethics.. Major trends in the forecast period include shift to cloud-managed wifi, rise of software-defined networking (sdn) for wifi, integration with iot devices, ai and analytics for network optimization, edge computing integration.
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Scope Of WiFi as a Service Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increase in the adoption and deployment of WiFi systems is expected to propel the growth of the WiFi as a Service market. 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. For instance, a report by Wireless Broadband Alliance (WBA) suggested a mass adoption of Wi-Fi 6 by 2022 as 83% of organizations reported interest in adopting Wi-Fi 6. Therefore, an increase in the adoption and deployment of WiFi systems will drive the WiFi as a Service market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The wifi as a service market covered in this report 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
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Regional Insights –
North America was the largest region in the WiFi as a service market in 2023. The regions covered in the wifi as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the wifi as a service market report are Arista Networks Inc., Hewlett Packard Enterprise Company LP, Cisco Systems Inc., ViaSat Inc., Extreme Networks Inc., Commscope Inc., Aerohive Networks, Inc, Mojo Networks, Inc., Fortinet, Inc., Huawei Technologies Co. Ltd., Ubiquiti Inc., Mist Systems, Cambium Networks Corporation, ADTRAN, Inc., D-Link Corporation, EnGenius Technologies, Inc., Firetide, Inc., Motorola Solutions, Inc., NETGEAR, Inc., Proxim Wireless Corporation, Redline Communications Group Inc., Siemens AG, SonicWall Inc., WatchGuard Technologies Inc., Zebra Technologies Corporation, Zyxel Communications Corporation, Nokia Corporation, Allied Telesis, Inc., Avaya Inc., Brocade Communications Systems, Inc., Dell Technologies Inc.
Table of Contents
1. Executive Summary
2. WiFi as a Service Market Report Structure
3. WiFi as a Service Market Trends And Strategies
4. WiFi as a Service Market – Macro Economic Scenario
5. Global WiFi as a Service Market Size and Growth
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31. Global WiFi as a Service Market Competitive Benchmarking
32. Global WiFi as a Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The WiFi as a Service Market
34. WiFi as a Service Market Future Outlook and Potential Analysis
35. Appendix
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