Global Wi-Fi as a Service Market: Overview
Wi-Fi as a Service (WaaS) is a cost-effective and scalable enterprise-grade wireless LAN service that offers reliable network access for office as well as customer use while delivering a platform for building an intelligent multichannel customer experience. Even for big organizations deployment of wireless network can be a real headache as Wi-Fi networks are becoming more complex to implement and manage. Because of this, Wi-Fi as a Service is seeing a rise in popularity in enterprises. With so much network traffic in the modern business environment, network teams are not able to afford spending their time and resources working on wireless access for guests. Hence, many organizations are addressing this issue by outsourcing their network support.
Global Wi-Fi as a Service Market: Growth factors
Some of the key points driving the growth of the global Wi-Fi as a Service market includes increasing demand for remote troubleshooting, high-speed & widespread network coverage, centralized network management, and less capital expenditure. Furthermore, increasing number of small and medium-sized organizations augmenting the demand for WaaS because of its end-to-end visibility, the strong emphasis on employee empowerment to improve the overall performance, and globalization of businesses are contributing to the growth of the global Wi-Fi as a Service market. Adoption of BYOD and increased influx of mobile devices at the workplace are factors expected to offer growth opportunities during the forecast period. On the other side, the cloud connectivity failure and data security issues are factors anticipated to hamper the market growth.
In COVID 19 pandemic situation many sectors got affected, some have a positive impact while others have a negative impact on the business. With restriction to work at-premises, labor transportation, and traveling, many IT companies have taken a step to implement work from home for a longer period of time. With continuous work demand and effective communication need, demand for a strong and seamless network has boosted at a significant rate. Business meetings, client video calls, and other operations are now mainly dependent on strong wireless connections. With less IT employees available to handle connection-related problems, companies are now opting for Wi-Fi as a Service.
Global Wi-Fi as a Service Market: Segmentation
The global Wi-Fi as a Service market is bifurcated based on service, solutions, location type, vertical, and region. Based on the services, the market is classified into professional services and managed services. Among these, professional services segment is expected to register the highest growth over the forecast period. Based on solutions, the market is bifurcated into access points and WLAN controllers. Among this, WLAN controller segment is expected to register the highest growth; improved management of work and smooth operations for organizations are the key points driving the growth of the segment. The location type segment is segmented into indoor and outdoor. Whereas, the vertical segment is divided into education, retail, travel & hospitality, healthcare & life sciences, manufacturing, banking, financial services, & insurance (BFSI), transportation & logistics, and other verticals.
Global Wi-Fi as a Service Market: Regional Analysis
The Asia Pacific Wi-Fi as a Service Market is expected to register the highest growth from 2020 to 2026. Rising adoption of digitalization in various industries such as education, retail, and transportation & logistics are some of the factors spurring the market growth in the region. India, Japan, and China are some of the major internet user countries in the region. Rapidly growing industrialization is augmenting the need for efficient network systems. North America holds a major share of the global Wi-Fi as a Service market followed by Europe. Heavy investments in cloud-based solutions and the initial implementation of new and evolving technologies are contributing to the growth of the Wi-Fi as a Service market in this region. The market in Europe is growing at a healthy rate; well-developed countries such as Germany, the United Kingdom, Italy, Spain, and France in the region are major revenue contributors for the smart transportation market in Europe.
Global Wi-Fi as a Service Market: Competitive players.
Some of the major players operating in the global Wi-Fi as a Service market include CommScope, Cisco Systems, Huawei Technologies Co., Singtel, Rogers Communications, Telstra Corporation, ADTRAN, Fujitsu, Superloop, Arista Networks, Ubiquiti Networks, Riverbed Technology, ALE International, and LANCOM Systems, among others.
Global Wi-Fi as a Service Market: Regional Segment Analysis
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