The Asia Pacific Wi-Fi as a Service Market would witness market growth of 20.9% CAGR during the forecast period (2021-2027).
The requirement of enterprises to minimize the cost of possession of Wi-Fi infrastructure has driven the growth of the market. The ecosystem's existence of numerous significant companies has resulted in a diverse and competitive market landscape. Increasing requirements for high-speed and broad network coverage, the convenience of Wi-Fi infrastructure administration and remote troubleshooting, as well as increasing adoption of the BYOD and CYOD trends among enterprises are also propelling the WaaS market. The growth of the wi-fi as a service market is also being fueled by increasing investments of various governments in smart cities. Smart city projects are becoming increasingly reliant on IoT, which includes new technologies including data transmission, mobility, cloud, and sensors. According to CommScope, the demand for Wi-Fi as a Service from the government sector is rapidly growing in India. Additionally, CommScope is one of the top vendors of Wi-Fi services and it has significantly contributed to the company's overall revenue-generating.
The robust economic growth of the region is playing a major role in the increasing utilization of Wi-Fi as a Service solution over the region. There is a rise in the number of public infrastructures that are being constructed in various developed countries. In developing nations like China and India, the significant scale of the population is a major reason that is contributing to the rising number of shopping complexes and other public infrastructures. Due to this, Wi-Fi services are widely being adopted across these infrastructures.
Moreover, rising smartphone penetration and the formulation of favorable guidelines by aviation authorities in countries, such as India, for the utilization of in-flight Wi-Fi services within an aircraft is expected to augment the adoption of Wi-Fi as a Service in the coming years, resulting in an increase in outdoor Wi-Fi systems.
The China market dominated the Asia Pacific Wi-Fi as a Service Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $983 million by 2027. The Japan market is estimated to grow at a CAGR of 20.3% during (2021 - 2027). Additionally, The India market would display a CAGR of 21.7% during (2021 - 2027).
Based on Component, the market is segmented into Services (Managed Services and Professional Services) and Solution (Access Points and WLAN Controllers). Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Location, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Service Providers, IT & Telecom, BFSI, Healthcare, Travel & Hospitality, Retail, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Wi-Fi as a Service Market is Projected to reach USD 11.6 Billion by 2027, at a CAGR of 19%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Fortinet, Inc., Huawei Technologies Co., Ltd., Telstra Corporation Limited, Juniper Networks, Inc., Extreme Networks, Inc., ADTRAN, Inc., CommScope, Inc., Tata communications limited (Tata Group), and D-Link Corporation.
By Component
By Organization Size
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By End User
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