The Latin America, Middle East and Africa Wi-Fi as a Service Market would witness market growth of 23.6% CAGR during the forecast period (2021-2027).
Increasing demand for centralized management, remote troubleshooting, lower cost of ownership, and reduced capital expenditure is accelerating the growth of the WaaS market. Moreover, factors such as a strong emphasis on employee empowerment and the resulting requirement to supply digital mobility solutions, as well as company internationalization, are driving up demand for Wi-Fi as a service. In addition, WaaS is being adopted by a significant number of medium-sized businesses due to its end-to-end visibility, better agility and efficiency, quick deployment, cost-effectiveness, and labor management. WaaS is also estimated to change the transportation and logistics industry, particularly in mass transit, in addition to all of this. Companies purchase internet access from their Wi-Fi connection provider through service level agreements, but most ISP agreements end at the telecom closet. Typically, it is up to the organization to decide how to provide wireless internet.
The small and medium enterprises sector across this region is continuously growing. There is a significant number of SMEs in this region. Due to this, the employment of WI-FI as a Service solution is rapidly increasing in small and medium-sized organizations across this region. As the UAE strives to establish a sustainable knowledge-based post-oil economy, SMEs will be a critical growth engine in the future. The government continues to implement policies in order to assist small businesses to grow. The UAE recently unveiled the 'Entrepreneurial Nation' project, which aims to help entrepreneurs set up shop in the UAE and develop their enterprises, export their goods online.
The Brazil market dominated the LAMEA 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 $223.3 million by 2027. The Argentina market is poised to grow at a CAGR of 24.3% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 23.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Wi-Fi as a Service Market is Predict to reach $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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