WiFi as a Service Market to expand at a remarkable CAGR of 18.2% during Forecast 2022 to 2032

The WiFi as a Service Market is supposed to heighten at a CAGR of 18.2% from USD 4.9 billion out of 2022 to USD 26.0 billion through 2032. Previously, the market expanded faster, 1.7%, from 2015 to 2021, reaching a peak of US$ 4.1 billion in that year.

Expanded request has fuelled the development of the remote constancy market and contributed extraordinarily to the development of the business’ income.

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Leading IT firms like Cisco Systems Inc., Aruba Networks, and Juniper Networks Inc. create and provide cutting-edge software and services. For instance, the Portable Branch Kit is a March 2020 release from Extreme Networks.

The organisation is concentrated on assisting its client base worldwide as a result of the COVID-19 epidemic, which is affecting the entire planet.

WaaS is expanding quickly as a result of the simplicity with which wireless infrastructure may be managed via cloud services. WaaS, which is managed via the cloud, enables businesses to manage wireless networks from any location.

Network administrators can remotely manage WiFi infrastructure issues using cloud-based centralized management, saving both time and money by performing the work from a remote location. Commercial applications have long made use of dial-up access. Thanks to advancements in technology, even residential customers can now have reasonably priced high-speed Internet access.

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KEY TAKEAWAYS:

• The WiFi as a Service Market is predicted to develop at a CAGR of 17.9% in the wireless local area network (WLAN) controller’s section of the solution category.
• The CAGR for the outdoor segment of the location type category in WiFi as a Service Market is anticipated to be 18.0% through 2032.
• In the United States, the WiFi as a Service Market is estimated to reach US$ 9.1 billion by 2032, rising at a CAGR of 18.1% throughout the forecast period.
• By 2032, the WiFi as a Service Market in the United Kingdom is expected to be valued US$ 1.1 billion, with a CAGR of 17.3% through 2032.
• With a CAGR of 17.5% throughout the forecast period, China is expected to reach a market size of US$ 1.9 billion in WiFi as a Service Market by 2032.
• By 2032, the WiFi as a Service Market in Japan is estimated to be worth US$ 1.5 billion, growing at an annual rate of 16.4% through 2032.
• With a CAGR of 15.9% throughout the forecast period, South Korea is predicted to reach a market size of US$ 934.3 million in WiFi as a Service Market by 2032.

COMPETITIVE LANDSCAPE:

Key companies profiled in the WiFi as a Service Market include Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others.

Companies are acquiring companies to strengthen their positions in light of the increasing competition in the market. In May 2021, Aruba launched its wireless fidelity 6E access point solution. WiFi in the 6 GHz band will support up to seven 160 MHz channels and will offer an aggregate data rate of 3.9 Gbps to users.

WiFi networks are becoming increasingly popular among end-user businesses across the globe due to their cost-effectiveness, flexibility, scalability, and automation.

Thus, organizations are adopting Software as a Service (SaaS) based wireless fidelity models, which enable them to take advantage of continuous Internet access despite limited budgets and resources.

A surge in the demand for WaaS services has resulted from the increasing adoption of public and private SaaS models. SaaS services are being used by organizations to safeguard and transmit data in a secure manner using WiFi. A number of SaaS model projects are being developed by leading players on the market.

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Key segments

By Services:

• Professional Services
• Managed Services

By Solution:

• Access Points
• Wireless Local Area Network (WLAN) Controllers

By Organization Size:

• Large Enterprises
• Small and Medium Enterprises

By Location Type:

• Indoor
• Outdoor

By Vertical:

• Education
• Retail
• Travel and Hospitality
• Healthcare and Life Sciences