The Wi-Fi as a Service Market is predicted to touch USD 5 billion at a whopping 38% CAGR by 2022 states the recent Market Research Future (MRFR) analysis. Wi-Fi as a service or WaaS, simply put, is a cloud-based management system that helps organizations having limited IT resources to offer fast, reliable, and secure WLAN access across different locations. It has wide applications in healthcare, manufacturing, retail, and education sectors.
Various factors are propelling the global Wi-Fi as a service market share. As per the current MRFR
report, such factors include the fall in the price of ownership of Wi-Fi infrastructure for organizations, growing demand for widespread and high-speed network coverage, development of smart cities, prompt deployment of end-to-end value chain visibility and networks offered to organizations, and demand for centralized management. Additional factors adding market growth include low capital expenditure, reduced ownership cost, need for remote troubleshooting, rising emphasis on employee empowerment, the need to deliver digital mobility tools, the globalization of business, and its multiple benefits such as labour management, cost-effectiveness, fast deployment, improved efficiency and agility, and end to end visibility. Besides, the rising use in the manufacturing and retail sector to track as well as monitor the spread of COVID-19 is also adding market growth.
On the contrary, data security issues and cloud connectivity failure are factors that may impede the global Wi-Fi as a service market growth over the forecast period.
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Leading players profiled in the global Wi-Fi as a service market report include Zebra Technologies Corporation (U.S.), IPASS Inc. (U.S), Ruckus Wireless (U.S.), Big Air Group Limited (Australia), Fujitsu Limited (Japan), Hewlett Packard Enterprise Company (U.S.), Singapore Telecommunications Limited (Singapore), Rogers Communication Inc. (U.S.), Telstra Corporation Limited (Australia), and Cisco Systems Inc. (U.S.).
The MRFR report provides an inclusive segmental analysis of the global Wi-Fi as a service market based on industry, organization size, location, service, and hardware.
By hardware, the global Wi-Fi as a service market is segmented into Wi-Fi as a service, antenna, Wireless LAN controller, wireless access point, and gateway.
By location, the global Wi-Fi as a service market is segmented into indoor and outdoor.
By service, the global Wi-Fi as a service market is segmented into cloud access point, network planning and design, and support and maintenance.
By organization size, the global Wi-Fi as a service market is segmented into small and medium scale business, large scale business, and others. Of these, the small and medium scale business segment will lead the market over the forecast period.
By industry, the global Wi-Fi as a service market is segmented into healthcare, manufacturing, retail, and education. Of these, the education segment will dominate the market over the forecast period.
Based on region, the global Wi-Fi as a service market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Presence of healthy organization, favorable administrative strategies, presence of top industry players, the initial implementation of evolving and new technologies, and huge investments in cloud-based solutions are adding to the global Wi-Fi as a service market growth in the region.
The Wi-Fi as a service market in the APAC region is predicted to have healthy growth over the forecast period. Burgeoning demand for economic Wi-Fi services in SMEs is adding to the global Wi-Fi as a service market growth in the region.
The Wi-Fi as a service market in Europe is predicted to have notable growth over the forecast period, and in the RoW is predicted to have sound growth.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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