DUBLIN, June 3, 2022 /PRNewswire/ — The “Global Wi-Fi as a Service Market Size, Share & Industry Trends Analysis Report By Component, By Organization Size, By Location, By End User, By Regional Outlook and Forecast, 2021-2027” report has been added to from ResearchAndMarkets.com offer.
The Global Wi-Fi as a Service Market Size is Expected to Reach $11.6 billion by 2027, with the market growing at 19.0% CAGR during the forecast period.
Wi-Fi as a Service is a cloud-based management system that enables businesses with fewer IT resources to provide secure, reliable, and fast WLAN access across multiple sites. WaaS deployment is quick and easy as no cable installation is required, and it can be controlled through a network operations center, providing small businesses with a reliable and fast data network. Additionally, WaaS is perfect for temporary locations, legacy structures, and office moves. Additionally, WaaS includes advanced analytics capabilities that make it easy to analyze customer and employee behavior. WaaS also has an automatic system upgrade feature and can offer secure guest access.
The expansion of smart cities, along with the reduction of Wi-Fi equipment tariffs for organizations, ensures efficient performance for the market. Growing demand for high-speed internet and comprehensive network coverage is expected to fuel the overall expansion of the market over the forecast period.
Companies now see it as a crucial part of their operations and do not seek outsourced providers to ensure the elimination of risks and errors in the quality of service. Wi-Fi has even entered the realm of infrastructure overhead for some businesses, with IT staff choosing to delegate control to professionals so they can focus on more strategic initiatives and operations.
WaaS was previously called Managed Network Service. Wi-Fi-as-a-Service is a service that provides complete turnkey design, management, and installation of all IT assets, including routers, servers, switches, firewalls, and more. , to provide a Wi-Fi solution. WaaS can be used to meet a wide range of business requirements. It can also be used by businesses without an existing Wi-Fi network as well as those that have a network but are looking for a managed solution for an internet-only guest Wi-Fi network.
COVID-19 impact analysiss
The COVID-19 outbreak is expected to have a significant influence on the expansion of the Wi-Fi as a Service market. Due to the lockdown imposed across the world, the demand for Wi-Fi services has increased in most countries, due to the growing trend of people working from home. This has made a substantial contribution to the continuous revenue generation of the Wi-Fi industry, which has resulted in increased market growth.
During the COVID-19 outbreak, the IT and telecommunications industries are playing a critical role in supporting the digital infrastructure of governments around the world. Individuals and governments at all levels, such as federal, state, central, municipal and provincial, have been in constant contact to provide and receive simultaneous information on COVID-19. Health care, telecommunications, utilities and government entities are working tirelessly to stabilize the situation and provide essential services to all citizens.
Market Growth Factors:
Rapid digital transformation
Connected devices, digital solutions and IoT systems are booming due to rapid technological advancements. The growing acceptance of digital solutions is playing a major role in the development of Wi-Fi as a service industry. Additionally, the growing availability of smartphones is also expected to play a role in the growing use of WI-FI as a service. As the number of smartphone users increases, more people will be able to use their phones to interact remotely for work purposes. Organizations around the world are poised to deploy technologically advanced applications across their verticals to engage customers in new and engaging ways, which requires the use of high-quality wireless network connections, such as Wi-Fi .
Growth of various smart city projects
The rise of smart cities provides opportunities for vendors of various technologies and related service providers. The increase in government activities and growing public awareness of environmental issues have led to the creation of new solutions based on the development of urban infrastructure and conceptual design models. Smart city projects increasingly depend on IoT, which includes new technologies, cloud, mobility, including data transmission, and sensors. Rapid and continuous technological breakthroughs have improved internet connectivity, paving the way for the full development of these smart cities.
Marketing Restriction Factor:
Data and Privacy Risks
For businesses, maintaining the security and privacy of corporate data is crucial. For this reason, companies are hesitant to migrate their data and information to the cloud and rely on the conventional Wi-Fi network. Another significant issue is natural or cyber attacks that could destroy data centers, leading to loss of internet connectivity and therefore disrupting many business processes. Data hackers can cause significant losses to organizations of any size. Since WaaS is a cloud-based wireless Internet service with increased connection time, backups can take longer than with an in-house solution.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
126.96.36.199 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Competitive Analysis – Global
3.1 Cardinal matrix of the editor
3.2 Recent Industry-Wide Strategic Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and mergers
3.3 Main winning strategies
3.3.1 Key Primary Strategies: Percentage Breakdown (2017-2021)
3.3.2 Key Strategic Movement: (Product Launches and Product Extensions: 2017, September – 2022, February) Key Players
Chapter 4. Global Wi-Fi as a Service Market by Component
4.1 Global Services Market by Region
4.2 Global Wi-Fi as a Service Market by Type of Services
4.2.1 Global Managed Services Market by Region
4.2.2 Global Professional Services Market by Region
4.3 Global Solutions Market by Region
4.4 Global Wi-Fi as a Service Market by Solution Type
4.4.1 Global Access Point Market by Region
4.4.2 Global WLAN Controller Market by Region
Chapter 5. Global Wi-Fi as a Service Market by Organization Size
5.1 Global Large Enterprise Market by Region
5.2 Global Small & Medium-Sized Enterprises (SMEs) Market by Region
Chapter 6. Global Wi-Fi as a Service Market by Location
6.1 Global Domestic Market by Region
6.2 Global Foreign Market by Region
Chapter 7. Global Wi-Fi as a Service Market by End User
7.1 Global Service Provider Market by Region
7.2 Global Information and Telecommunications Technology Market by Region
7.3 Global BFSI Market by Region
7.4 Global Healthcare Market by Region
7.5 Global Travel and Hospitality Market by Region
7.6 Global Retail Market by Region
7.7 Global Others Market by Region
Chapter 8. Global Wi-Fi as a Service Market by Region
Chapter 9. Business Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial analysis
9.1.3 Regional Analysis
9.1.4 Research and development costs
9.1.5 Strategies and recent developments:
188.8.131.52 Partnerships, collaborations and agreements:
184.108.40.206 Product launches and product extensions:
220.127.116.11 Acquisition and merger:
9.2 Fortinet, Inc.
9.2.1 Company Overview
9.2.2 Financial analysis
9.2.3 Regional Analysis
9.2.4 Research and development costs
9.2.5 Strategies and recent developments:
18.104.22.168 Partnerships, collaborations and agreements:
22.214.171.124 Product launches and product extensions:
126.96.36.199 Acquisition and merger:
9.3 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.3.1 Company overview
9.3.2 Financial analysis
9.3.3 Sectoral and regional analysis
9.3.4 Research and development costs
9.3.5 Strategies and recent developments:
188.8.131.52 Partnerships, collaborations and agreements:
184.108.40.206 Product launches and product extensions:
9.4 Telstra Corporation Limited
9.4.1 Company Overview
9.4.2 Financial analysis
9.4.3 Sectoral and regional analysis
9.4.4 Strategies and recent developments:
220.127.116.11 Product launches and product extensions:
9.5 Juniper Networks, Inc.
9.5.1 Company Overview
9.5.2 Financial analysis
9.5.3 Regional Analysis
9.5.4 Research and development costs
9.5.5 Recent Strategies and Developments:
18.104.22.168 Product launches and product extensions:
22.214.171.124 Acquisition and merger:
9.6 Extreme Networks, Inc.
9.6.1 Company Overview
9.6.2 Financial analysis
9.6.3 Regional Analysis
9.6.4 Research and development costs
9.6.5 Recent Strategies and Developments:
126.96.36.199 Acquisition and merger:
9.7 ADTRAN, Inc.
9.7.1 Company Overview
9.7.2 Financial analysis
9.7.3 Regional and Segmental Analysis
9.7.4 Research and development costs
9.7.5 Strategies and recent developments:
188.8.131.52 Product launches and product extensions:
9.8 CommScope, Inc.
9.8.1 Company Overview
9.8.2 Financial analysis
9.8.3 Regional and Segmental Analysis
9.8.4 Research and development costs
9.8.5 Recent Strategies and Developments:
184.108.40.206 Partnerships, collaborations and agreements:
220.127.116.11 Product launches and product extensions:
9.9 Tata Communications Limited (Tata Group)
9.9.1 Company Overview
9.9.2 Financial analysis
9.9.3 Sectoral and regional analysis
9.10. D-link Corporation
9.10.1 Company Overview
9.10.2 Financial analysis
9.10.3 Segmental Analysis
9.10.4 Research and development costs
9.10.5 Recent Strategies and Developments:
18.104.22.168 Partnerships, collaborations and agreements:
22.214.171.124 Product launches and product extensions:
For more information about this report visit https://www.researchandmarkets.com/r/hqjhpo
Research and Markets
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
SOURCE Research and Markets