The size of the global market for Wi-Fi as a service was USD 1.70 billion in 2020; it is anticipated to increase by USD 2.04 billion in 2021 to USD 8.80 billion in 2028, at a CAGR of 23.2% for the period of 2021 to 2028. The effects of COVID-19 have been unprecedented and staggering, with WaaS experiencing a positive demand shock during the pandemic in every region. According to our research, the global market experienced a significant increase of 19.2% in 2020 compared to the average annual growth during the years of 2017 to 2019. This market's demand and expansion, which will resume to pre-pandemic levels once the pandemic is over, is what is responsible for the increase in CAGR.
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Information about the report:
- Forecast Timeframe: 2021-2028
- The starting year is 2020
- Market Size in 2020 - USD 1.70 billion
- The market size in 2030 will be USD 8.80 billion
- CAGR - 23.2%
- Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Wi-Fi as a Service Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The market size is the total amount of money service providers make from selling their products to consumers. Market share is the percentage of the market that is under the control of one provider or a group of providers. The term market segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the different sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Wi-Fi as a Service Market are conducted across regions, end-user industries, and material types. The study thoroughly examines segments and their sub-segments with tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
By Access Point Analysis,
The market share is divided into stand-alone access points, multifunction access points, and controlled access points based on access points. Controlled access points are expected to experience significant growth because they are frequently used in the workplaces of the retail and BFSI industries to disperse a single wireless network across a sizable geographic area. While still connected to the network, end users can move about the office complex, campus, or building.
By Location Analysis,
The market share is divided into two categories based on location: indoor and outdoor. Over the years 2021–2028, the outdoor sector will probably continue to hold the majority of the market. Access points used in an outdoor environment are referred to as being "outdoor deployed." Public events, stadiums, shopping centers, and other locations frequently have outdoor access points installed. A significant number of wireless fidelity users frequent busy, densely populated areas, making this deployment style ideal for those environments. Outdoor access points are highly scalable and constructed using cutting-edge technology to give users the best network connectivity. The centralized administration console of indoor access points makes them suitable for applications like point-to-point and multi-point.
By Organization Size Analysis,
The market share is broken down into large and small & medium-sized businesses (SMEs) based on the size of the organization. The large enterprise is anticipated to make up the largest portion between 2021 and 2028. Large organizations are making investments in WaaS to deal with escalating problems like privacy, data security, and cloud connectivity issues.
By Key Industry Analysis,
There are several well-known companies in the sector, including Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co. Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others. Companies are being encouraged to use new tactics, like acquisitions, to strengthen their positions as a result of the market's escalating competition.
Geographically speaking, the market share is divided into North America, Asia Pacific, South America, Europe, and the Middle East & Africa.
Because of the early adoption of cutting-edge technology and the presence of significant market players, North America is expected to hold a dominant share of the market. The leading WaaS providers in the area are constantly developing fresh concepts to increase the range of possible applications for the technology. In addition to these factors, the readiness of consumers to adopt the latest technology will strengthen the regional outlook.
The study report provides a thorough analysis of the “Wi-Fi as a Service Market” size globally, including regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. The paper also discusses the principal risks and challenges that will be encountered over the projected period. The Wi-Fi as a Service Market is divided into two categories: type and application. Players, stakeholders, and other participants in the global Wi-Fi as a Service Market will be able to gain the upper hand by using the study as a valuable resource.
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