Overview and Scope
The WiFi as a service refer to a subscription-based service integrating three essential components – software, infrastructure, and managed services. WiFi as a service is used to cut expenses, increase security and bring expertise to the external IT team.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The wifi as a service market report table of contents includes:
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. Global WiFi as a Service Market Size and Growt
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26. South America WiFi as a Service Market
27. Brazil WiFi as a Service Market
28. Middle East WiFi as a Service Market
29. Africa WiFi as a Service Market
30. WiFi as a Service Market Competitive Landscape And Company Profiles
Top Major Players:
- Arista Networks Inc
- Hewlett Packard Enterprise Company LP
- Cisco Systems Inc
- ViaSat Inc
- Extreme Networks Inc
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