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 News

In February 2024, during the Mobile World Congress 2024, Intel announced a significant upgrade to their vPro platform, integrating the power of Wi-Fi 7 connectivity.
In March 2024, the Wi-Fi Alliance officially launched the latest advancement in wireless networking: Wi-Fi 7. Wi-Fi 7, also known as IEEE 802.11be Extremely High Throughput (EHT), is designed to support the ever-growing demand for high-bandwidth applications like virtual reality, augmented reality, and 8K streaming.
In May 2023, Cisco Systems completed the acquisition of Open Systems AG, a leading provider of secure access service edge (SASE) solutions. This acquisition expanded Cisco's portfolio of cloud-managed networking services, including Wi-Fi as a Service, with integrated security capabilities.
In March 2023, Hewlett Packard Enterprise (HPE) unveiled its new GreenLake Wi-Fi as a Service offering, providing organizations with flexible and scalable Wi-Fi solutions that can be deployed and managed through a cloud-based platform.
In January 2023, Nokia announced a strategic partnership with Amazon Web Services (AWS) to develop and offer cloud-native 5G solutions. The collaboration aimed to leverage AWS's cloud infrastructure and Nokia's expertise in wireless networks, including Wi-Fi, to accelerate the deployment of scalable and flexible wireless solutions.
In October 2022, Comcast Business, a subsidiary of Comcast Corporation, introduced Managed Wi-Fi Pro, a comprehensive managed Wi-Fi solution for small and medium-sized businesses. The service offered advanced Wi-Fi features, network security, and analytics to help businesses optimize their wireless networks.
In August 2022, AT&T announced the launch of AT&T Wi-Fi Connect, a managed Wi-Fi service that provides businesses with simplified Wi-Fi deployment, management, and support across multiple locations. The service aimed to enhance the Wi-Fi experience for businesses and their customers.

Wi-Fi as a Service Market Report Snapshots

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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.

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.

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Wi-Fi as a Service Market News

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