Wi-Fi as a Service Market Size, Share, Growth Analysis, By Type(Managed Service and Professional Service), By Verticals(Retail, healthcare) - Industry Forecast 2024-2031

Report ID: SQMIG45A2117 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 61 | Figures: 75

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Wi-Fi As A Service Market size was valued at USD 5.9 Billion in 2022 and is expected to grow from USD 7.17 Billion in 2023 to reach USD 34.04 Billion by 2031, at a CAGR of 21.50% during the forecast period (2024-2031).

Wi-Fi as a Service (WaaS) market is characterized by the presence of several players striving to gain a larger market share. These companies focus on offering comprehensive WaaS solutions that provide reliable, scalable, and secure wireless connectivity. They aim to differentiate themselves by emphasizing features such as real-time network monitoring, advanced security measures, and seamless integration with existing IT infrastructure. To stay competitive, players in the WaaS market invest in research and development, strategic partnerships, and continuous innovation to meet the evolving needs of businesses across various industries. 'Cisco Systems Inc. (US)', 'Hewlett Packard Enterprise (US)', 'Aruba Networks (US)', 'Ruckus Networks (US)', 'CommScope (US)', 'Extreme Networks (US)', 'Huawei Technologies Co., Ltd. (China)', 'Aerohive Networks (US)', 'Fortinet, Inc. (US)', 'Juniper Networks (US)', 'Nokia Corporation (Finland)', 'ZTE Corporation (China)', 'Netgear Inc. (US)', 'D-Link Corporation (Taiwan)', 'Ubiquiti Networks (US)', 'Cambium Networks (US)', 'Allied Telesis, Inc. (Japan)', 'Mist Systems (US)', 'Mojo Networks (US)', 'Xirrus, Inc. (US)'

One key driver fueling the growth of the Wi-Fi as a Service (WaaS) market is the increasing demand for widespread and high-speed network coverage. Businesses and organizations across various industries are seeking reliable and fast wireless connectivity to support their operations. With the rising adoption of cloud-managed Wi-Fi services and the need for seamless connectivity in today's digital age, the demand for WaaS solutions is on the rise. This driver is pushing WaaS providers to offer scalable, secure, and cost-effective Wi-Fi solutions to meet the growing market demands.

One key market trend in the Wi-Fi as a Service (WaaS) market is the growing adoption of cloud-managed Wi-Fi services. Businesses are increasingly opting for cloud-based solutions due to their flexibility, scalability, and ease of management. Cloud-managed WaaS allows organizations to centrally monitor and control their wireless networks, ensuring seamless connectivity and efficient network management. This trend is driven by the need for simplified network administration, cost-effective solutions, and the ability to quickly adapt to changing business requirements. Cloud-managed WaaS enables businesses to leverage the benefits of cloud technology while ensuring reliable and secure wireless connectivity.

North America dominated the WaaS market. This can be attributed to factors such as early adoption of advanced technologies, strong IT infrastructure, and the presence of major players in the region. The United States, in particular, leads the way in North America due to its robust economy, extensive network coverage, and high demand for wireless connectivity. The region's focus on digital transformation and the widespread adoption of cloud-based services also contribute to its dominance in the WaaS market.

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Wi-Fi as a Service Market Size, Share, Growth Analysis, By Type(Managed Service and Professional Service), By Verticals(Retail, healthcare) - Industry Forecast 2024-2031

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