The Europe Wi-Fi as a Service Market would witness market growth of 18.1% CAGR during the forecast period (2021-2027).
Wireless networks can service an extremely significant number of customers with existing equipment. Additional customers on a wired network would necessitate additional wiring. Users can access network capacity from practically any convenient position throughout their core networking environment due to the wireless characteristic of such networks. This is especially important as the number of laptop-style PCs grows. Wireless LANs' appeal originates from their simplicity, cost-effectiveness, and ease of interaction with other network components and networks. Further, a majority of consumer PCs are being comprised with wireless LAN functionality while in the manufacturing facility. Therefore, these services are being widely deployed and hence, the demand for Wi-Fi as a service is being augmented.
The rising number of public Wi-Fi at several locations is allowing people to access internet connectivity across the network coverage area. For instance, several chain coffee shops provide free or low-cost wireless internet connection to customers inside their outlets. Devices connected with a wireless connection can retain a constant connection to their selected network as they move about.
Countries across this region are observing rapid digital transformation. More people are choosing online payment methods over cash for all kinds of transactions. In addition, according to the Atlantic Council, the number of people preferring digital transactions is constantly increasing. In Hungary and Croatia, 50 percent of transactions were made contactless by 2018, while in Poland, the number of online transactions reached 80%.
Moreover, a lot of people are showing high demand for connectivity solutions over the region. Because certain CEE (Central and Eastern Europe) countries lacked widely available telephone connections due to poor communist-era telecom operators, the Internet sparked a boom in demand for connectivity solutions, particularly in rural areas. This aided the development of a wireless-connectivity equipment business for Internet service providers.
The Germany market dominated the Europe 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 $746.2 million by 2027. The UK market is anticipated to witness a CAGR of 17.1% during (2021 - 2027). Additionally, The France market would expect a CAGR of 19% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Wi-Fi as a Service Market Size will Hit $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.
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