WiFi As A Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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) is a subscription-based system that combines infrastructure, software, and managed services. It is easy, time-efficient, requires no cable installation, and provides 24/7 remote monitoring and troubleshooting of configuration issues. It offers reliable network access for back-office and customer use while delivering a platform for building an intelligent multichannel customer experience. As a result, it is deployed in organizations with limited information technology (IT) resources for secure wireless local area network (WLAN) access across various locations. It also enables users to attain a fast data network as it can be managed via a network operating center (NOC).

WiFi As A Service Market Trends:
The digital transformation of business operations represents one of the key factors driving the need for WaaS for supporting mobile communications, boosting productivity, and streamlining collaboration. Moreover, it is gaining traction in the banking, financial services, and insurance (BFSI) sector to enable always-on security protection, reduce latency, and allow organizations to gain a competitive advantage. Apart from this, it is being widely adopted by small and medium-sized enterprises (SMEs) to gather analytics about customer interactions and take actions in real-time. Furthermore, the emerging trend of WiFi marketing, which is an innovative way for brick-and-mortar businesses to build customer loyalty, run targeted digital ads, send emails and messages, and automate customer communications, is driving the market. Besides this, WaaS is employed in the healthcare industry to enable healthcare professionals to monitor patients remotely and provide timely health information, reminders, and support. This, in confluence with the growing prevalence of chronic diseases and easy access to medical facilities, is catalyzing the demand for WaaS to help improve patients' quality of life.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global WiFi as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, location type, enterprise size and end use industry.

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
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Viasat Inc.

Key Questions Answered in This Report
1. What was the size of the global WiFi as a service market in 2022?
2. What is the expected growth rate of the global WiFi as a service market during 2023-2028?
3. What are the key factors driving the global WiFi as a service market?
4. What has been the impact of COVID-19 on the global WiFi as a service market?
5. What is the breakup of the global WiFi as a service market based on the component?
6. What is the breakup of the global WiFi as a service market based on the location type?
7. What is the breakup of the global WiFi as a service market based on the enterprise size?
8. What is the breakup of the global WiFi as a service market based on the end use industry?
9. What are the key regions in the global WiFi as a service market?
10. Who are the key players/companies in the global WiFi as a service market?