Global Wi-Fi as a Service 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 2025-2032


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

Wi-Fi as a Service Market Insights

Wi-Fi as a Service Market size was valued at USD 7.17 Billion in 2023 and is poised to grow from USD 8.71 Billion in 2024 to USD 41.36 Billion by 2032, growing at a CAGR of 21.50% during the forecast period (2025-2032).

The adoption of WaaS is on the rise due to its affordability and scalability, making it an attractive option for businesses. Moreover, the demand for extensive and high-speed network coverage is growing, leading to increased deployment of WaaS. Another contributing factor is the rising popularity of air-gapped services, further propelling the market expansion. Multiple sectors, including BFSI, manufacturing, retail, and transportation & logistics, are witnessing the widespread deployment of public Wi-Fi networks, positively impacting the growth of the WaaS market. Technological advancements and the preference for cloud-managed Wi-Fi services are also driving the industry's rapid development. Organizations are increasingly embracing Wi-Fi managed services because of their cost efficiency, short life cycle, and flexibility for future updates.

Wi-Fi as a Service is a cloud-based subscription model that offers end-to-end Wi-Fi solutions, including automatic system upgrades, access points, and a cloud-native management/control plane. It encompasses infrastructure, software, and managed services, empowering businesses and organizations with reliable, secure, and fast wireless local area network (WLAN) access across multiple locations. By leveraging WaaS, users gain real-time network monitoring and access to historical and real-time data on Wi-Fi network usage.

This solution is particularly beneficial for smaller businesses, office relocations, and temporary locations, as it can be managed through a network operating center, ensuring fast and reliable data network connectivity. WaaS also provides enhanced security measures for bring your own device (BYOD) technology. It enables limited network access for non-network devices, allowing vendors to assist users in managing network access parameters, revoke device privileges, and remotely erase data from selected devices. Managed Wi-Fi services replace vulnerable consumer-grade systems with robust hardware and efficient services, offering improved scalability, stability, and additional security features. As a result, the growing trend of BYOD technology and the increasing presence of internet-connected devices in IT institutions and organizations are driving the growth of the Wi-Fi 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.

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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Global Wi-Fi as a Service Market

Report ID: SQMIG45A2117

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