Market Highlights:
The global Wi-Fi as a Service (WaaS) market is projected to capture a stellar CAGR of 38% and reach USD 5 Billion by the end of 2022, reveals Market Research Future (MRFR) in a minutely analyzed research report. WaaS allows enterprises with limited IT resources to provide wireless LAN access across multiple locations. WaaS comprises analytics which helps businesses to gain valuable insight into the movement and habits of their consumers. Such insights can be leveraged to make better marketing strategies and reach customers on a personal level. The WaaS market is expanding on account of the need for low capital spending centralized management and remote troubleshooting.
The global Wi-Fi as a Service Market is gaining traction as a growing number of SMEs are adopting WaaS. WaaS allows small enterprises to achieve reliable, fast and secure connections without having to invest in IT infrastructure which allows them to concentrate on their core business competencies.
The persistent increase in a number of connected devices demands wireless network to be available 24/7 which also drives the growth of the market. The advent of the cloud has had a positive impact on the growth of the global WaaS market. With more number of applications moving to the cloud, any disruptions in internet connectivity can have profound impact on business operations which increases adoption of WaaS. Moreover, WaaS is cost-effective.
In general, wireless connections start becoming obsolete which exerts a pressure on enterprises to invest in new infrastructure. But WaaS is always upgraded to the latest technology which diminishes significant IT up gradation costs.
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Competitive Landscape:
The key players operating in the global Wi-Fi as a Service market include Telstra Corporation Limited (Australia), IPASS Inc.(U.S), Ruckus Wireless(U.S.), Zebra Technologies Corporation(U.S.), Cisco Systems Inc. (U.S.), Hewlett Packard Enterprise Company(U.S.), Singapore Telecommunications Limited(Singapore), Rogers Communication Inc.(U.S.), Fujitsu Limited(Japan), and Big Air Group Limited(Australia).
Segmentation:
The global Wi-Fi as a Service market has been segmented based on hardware, location, service, organization type, and industry. By hardware, the market has been segmented into Wireless Access Point, Gateway, antenna, Wireless LAN Controller.
By location, the market has been segmented into indoor and outdoor. By service, the market has been segmented into Cloud access Point, Support and maintenance and network planning and design.
By organization size, the market has been segmented into Small & Medium scale business and Large Scale Business. By industry, the market has been segmented into Retail, Education, Healthcare, Manufacturing, and others.
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Regional Analysis:
By region, the global Wi-Fi as a Service market has been segmented into North America, Europe, Asia Pacific, and The Rest of the world. North America is at the forefront of the global WaaS market. High investment in cloud-based solutions, and concentration of key players in the region supports the growth of the North America market.
Moreover, the region is a frontrunner in the uptake of new and evolving technologies which is also a market driver. Europe is also a strong market and is expected to exhibit considerable growth over the forecast period. Asia Pacific market is in its growth stage and is poised to be the fastest growing market for WaaS. Economic growth, development of IT infrastructure, demand for economic network services and high number o SMEs in the region can be attributed for this growth.
Industry Updates:
In May 2018, Vodafone, the global telecom leader, launched Wi-Fi as a Service for enterprises. SuperWifi is the first enterprise service of this kind and is available in on-cloud and on-premise models.
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Intended Audience:
- Telecom Providers
- Cloud Service Provider
- IT Solution Provider
- Research Companies
- Consulting Companies
- System Integrators
- WIFI as a service Providers
- Wireless Service Provider
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