WiFi As A Service Market Business Scope, Drivers and Growth Opportunities 2028

According to the latest report by IMARC Group, titled "WiFi As A Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global WiFi as a service market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15.95% during 2023-2028.

WiFi as a service (WaaS) delivers turnkey internet access solutions for multi-user business networks. It is a subscription-based service that integrates infrastructure, software, and service. WaaS offers several beneficial features to business operations, such as increased uptime, scalability in response to user demand, and advanced network security features. It also enables organizations with limited information technology (IT) resources to provide secure, reliable, and fast WLAN access across several locations. WaaS is time- and cost-efficient and can be easily managed via a network operating center (NOC), due to which it is widely used across the telecommunication and IT sectors.

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Global WiFi As A Service Market Trends:

The recent COVID-19 outbreak compelled governments of various nations to mandate lockdowns, which, in turn, surged the demand for high-speed wireless fidelity services, such as WaaS. This represents one of the key factors accelerating the market growth. In line with this, the surging demand for better network coverage and burgeoning product application in small and medium enterprises (SMEs) are further providing a significant boost to the market growth. Moreover, favorable initiatives supporting the development of smart cities and the rapid deployment of public WiFi are other growth-inducing factors. Apart from this, the rising product demand across the retail and banking, financial services and insurance (BFSI) sectors and significant technological advancements are creating a positive outlook for the market.

WiFi As A Service Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the WiFi as a service market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Arista Networks Inc.
• Cisco Systems Inc.
• CommScope Inc.
• Extreme Networks
• Fortinet Inc.
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co. Ltd.
• Juniper Networks Inc.
• Riverbed Technology Inc.
• Rogers Communications Inc.
• Singtel
• Telstra Corporation Limited 
• Viasat Inc.

Key Market Segmentation:

Breakup by Component:

• Professional Services
• Managed Services

Breakup by Location Type:

• Indoor
• Outdoor

Breakup by Enterprise Size:

• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by End Use Industry:

• Telecom and IT
• BFSI
• Education
• Healthcare
• Hospitality
• Transportation
• Retail
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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