WiFi As A Service Market Top Companies, Research Report, Latest Insights and Demand During 2023-28

IMARC Group, a leading market research company, has recently releases report titled “WiFi As A Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global WiFi as a service market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the WiFi As A Service market?

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. 

What is WiFi As A Service?

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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What are the growth prospects and trends in the WiFi As A Service industry?

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.

Who are the key players operating in the industry?

The report covers the major market players including: 

• 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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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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