What is the global market size of Wi-Fi as a Service Market?

Global Wi-Fi As A Service Market size was valued at USD 4.33 billion in 2021 and is poised to grow from USD 5.9 billion in 2022 to USD 23.07 billion by 2030, growing at a CAGR of 21.5% during the forecast period (2023-2030).

Which region accounted for the largest share in Global Wi-Fi as a Service Market?

North America dominated the global WaaS market. This can be attributed to factors such as early adoption of advanced technologies, strong IT infrastructure, and the presence of major players in the region. The United States, in particular, leads the way in North America due to its robust economy, extensive network coverage, and high demand for wireless connectivity. The region's focus on digital transformation and the widespread adoption of cloud-based services also contribute to its dominance in the WaaS market.

Wi-Fi as a Service Market Size, Share, Growth Analysis, By Solution(Access Points and WLAN Controllers), By Service(Professional Services (Advisory and Implementation, Support and Maintenance, Training) and Managed Services), By Location(Indoor and Outdoor), By Organization Size(Large Enterprises, Small and Medium-Sized Enterprises), By Vertical(Education, Retail, Travel and Hospitality, Healthcare and Life Sciences), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2117 | Region: Global | Published Date: August, 2024
Pages: 197 | Tables: 61 | Figures: 75

Wi-Fi as a Service Market Regional Insights

The Asia-Pacific region is dominating the Wi-Fi as a Service market. The region’s dominance is due to a surge in smartphone adoption in populous countries like China, India, and Japan, which has increased the need for fast and reliable Wi-Fi. Additionally, growing internet usage across these nations has furthered the demand for Wi-Fi services. The rapid integration of IoT devices, ranging from smart home technology to industrial sensors, also necessitates robust Wi-Fi solutions. Moreover, government investments in digital infrastructure are propelling the demand for Wi-Fi services to facilitate network deployment and management.

North America is expected to hold the highest market share in the Wi-Fi as a service market. The presence of key players across the region will drive the growth of the market. The startup culture in North America is growing at a fast pace as compared to the other regions. Additionally, the advent of SMEs and increasing R&D activities by large enterprises have aided the growth of the North American market.

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Global Wi-Fi as a Service Market size was valued at USD 5.9 Billion in 2022 and is expected to grow from USD 7.17 Billion in 2023 to reach USD 34.04 Billion by 2031, at a CAGR of 21.50% during the forecast period (2024-2031).

Global Wi-Fi as a Service (WaaS) market is characterized by the presence of several players striving to gain a larger market share. These companies focus on offering comprehensive WaaS solutions that provide reliable, scalable, and secure wireless connectivity. They aim to differentiate themselves by emphasizing features such as real-time network monitoring, advanced security measures, and seamless integration with existing IT infrastructure. To stay competitive, players in the WaaS market invest in research and development, strategic partnerships, and continuous innovation to meet the evolving needs of businesses across various industries. 'Cisco (US) ', 'Huawei (China) ', 'CommScope (US) ', 'Extreme Networks (US) ', 'Singtel (Singapore), ', 'Rogers Communications (Toronto) ', 'ADTRAN (US) ', 'Tata Communications (India) ', 'Axians (France) ', 'Fortinet (US), Juniper Networks (US) ', 'Telstra (NSW) ', 'Viasat (US) ', 'Arista (US) ', 'Ubiquiti (US) ', '4ipnet (Taiwan) ', 'Allied Telesis (Japan) ', 'LANCOM Systems (Germany) ', 'D-Link (Taiwan) ', 'Edgecore Networks (Taiwan) ', 'Cambium Networks (US) ', 'TP-Link (China) ', 'NETGEAR (US) '

One key driver fueling the growth of the Wi-Fi as a Service (WaaS) market is the increasing demand for widespread and high-speed network coverage. Businesses and organizations across various industries are seeking reliable and fast wireless connectivity to support their operations. With the rising adoption of cloud-managed Wi-Fi services and the need for seamless connectivity in today's digital age, the demand for WaaS solutions is on the rise. This driver is pushing WaaS providers to offer scalable, secure, and cost-effective Wi-Fi solutions to meet the growing market demands.

One key market trend in the Wi-Fi as a Service (WaaS) market is the growing adoption of cloud-managed Wi-Fi services. Businesses are increasingly opting for cloud-based solutions due to their flexibility, scalability, and ease of management. Cloud-managed WaaS allows organizations to centrally monitor and control their wireless networks, ensuring seamless connectivity and efficient network management. This trend is driven by the need for simplified network administration, cost-effective solutions, and the ability to quickly adapt to changing business requirements. Cloud-managed WaaS enables businesses to leverage the benefits of cloud technology while ensuring reliable and secure wireless connectivity.

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Wi-Fi as a Service Market Regional Insights

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