The Worldwide Wi-Fi as a Service Market is Projected to reach USD 11.6 Billion by 2027, at a CAGR of 19%

Wi-Fi as a Service Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Wi-Fi as a Service Market size is expected to reach $11.6 billion by 2027, rising at a market growth of 19.0% CAGR during the forecast period.

The Services segment is leading the Global Wi-Fi as a Service Market by Component 2020, thereby, achieving a market value of $6.8 billion by 2027. The increasing growth of the market is owing to the rising penetration of internet-connected devices, such as computers, mobile phones, and tablets, in various applications. WiFi services are widely being adopted in the operation of various major companies, such as Microsoft. Therefore, the growth of the market is being augmented.

The Small & Medium-sized Enterprises (SMEs) segment is showcasing a CAGR of 20.5% during (2021 - 2027). Small and medium-sized businesses are expected to have the largest market share. Small and medium businesses are using WaaS in order to enhance the security of their networks along with the quality of their services. Numerous new Wi-Fi management tools for Small and Medium-sized enterprises are available from various vendors.

The Indoor segment acquired the maximum revenue share in the Global Wi-Fi as a Service Market by Location 2020, thereby, achieving a market value of $6.8 billion by 2027. The growth of this segment is attributed to the fact that the utilization of Wi-Fi network infrastructure is becoming more common in interior settings such as warehouses and offices. In addition, the increasing use of Wi-Fi network infrastructure-associated services in offices and warehouses is likely to improve this segment's growth in the future.

The BFSI segment has shown high growth rate of 17.7% during (2021 - 2027). In the BFSI sector, Wi-Fi as a service gives end-users bandwidth control and management, as well as personalized labeling for wireless broadband guest users and network monitoring. Therefore, the growth of the segment is increasing.

North America is the fastest growing region in the Global Wi-Fi as a Service Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.0 billion by 2027. The Europe market is estimated to witness a CAGR of 18.1% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 20.9% during (2021 - 2027).

Full Report: https://www.kbvresearch.com/wi-fi-as-a-service-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Wi-Fi as a Service Market Segmentation

By Component

• Services
  • Managed Services
  • Professional Services
• Solution
  • Access Points
  • WLAN Controllers

By Organization Size

• Large Enterprises
• Small & Medium-sized Enterprises (SMEs)

By Location

• Indoor
• Outdoor

By End User

• Service Providers
• IT & Telecom
• BFSI
• Healthcare
• Travel & Hospitality
• Retail
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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)
• D-Link Corporation

Related Reports:

North America Wi-Fi as a Service Market Size, Trends, 2027

• April-2022
• 112 Pages

LAMEA Wi-Fi as a Service Market Size, Growth Report, 2027

• April-2022
• 131 Pages

Europe Wi-Fi as a Service Market Size & Projection 2021-2027

• April-2022
• 131 Pages

Asia Pacific Wi-Fi as a Service Market Size & Analysis, 2027

• April-2022
• 131 Pages