Service sector

Global Wi-Fi as a Service Market to 2027 – Featuring Cisco Systems, Fortinet, and Huawei Technologies, Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Wi-Fi as a Service Market Size, Share and Trend 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 USD 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, as well as 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.

Businesses now see it as a crucial part of their operations, and they are not looking to 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.

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.

Scope of the study

Market Segments Covered in the Report:

By component

  • Services

  • Managed Services

  • Professional services

  • The solution

  • Access points

  • WLAN controllers

By organization size

  • Large companies

  • Small and medium-sized enterprises (SMEs)

By location

Per end user

  • Service providers

  • IT & Telecom

  • BFSI

  • Health care

  • travel and hospitality

  • Detail

  • Others

By geography

  • North America

  • WE

  • Canada

  • Mexico

  • Rest of North America

  • Europe

  • Germany

  • UK

  • France

  • Russia

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Argentina

  • United Arab Emirates

  • Saudi Arabia

  • South Africa

  • Nigeria

  • Rest of LAMEA

Main market players

  • Cisco Systems, Inc.

  • Fortinet, Inc.

  • Huawei Technologies Co., Ltd.

  • Telstra Company Limited

  • Juniper Networks, Inc.

  • Extreme Networks, Inc.

  • ADTRAN, Inc.

  • CommScope, Inc.

  • Tata Communications Limited (Tata Group)

  • D-Link Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/g573th