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WiFi as a Service Global Market Report 2022

WiFi as a Service Global Market Report 2022

  • July 2022
  • 175 pages
  • ID: 6310841
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the WiFi as a service market are Arista, Aruba, Cisco, Viasat, Extreme Networks, Fortinet, Huawei Technologies, iPass, Juniper Networks, Rogers Communication, Singtel, Fujitsu Limited, Cambium Networks, D-Link Corporation, and Datto.

The global WiFi as a service market is expected to grow from $4.63 billion in 2021 to $5.61 billion in 2022 at a compound annual growth rate (CAGR) of 21.22%. The WiFi as a service market is expected to grow to $11.32 billion in 2026 at a compound annual growth rate (CAGR) of 19.17%.

The WiFi as a service market consists of sales of WiFi as a service by entities (organizations, sole traders, and partnerships) that refer to a subscription-based service integrating three essential components - software, infrastructure, and managed services.Centralized network administration, real-time visibility, business intelligence choices, customizable captive portals, location services, and reporting are among the features of the software and every piece of hardware and software, including access points, firewalls, and even ISPs when needed is included in infrastructure.

WiFi as a service is used to cut expenses, increase security and bring expertise to the external IT team.

The main components of WiFi as a service includes professional services and managed services.Professional services refer to services that are project-based and target a specific problem or challenge with WiFi as a service solution.

Professional services are more of an on-demand solution than managed services.These services are deployed in both indoor and outdoor locations.

These services are utilized by large enterprises and small and medium enterprises ranging from telecom and IT, BFSI, education, healthcare, hospitality, transportation, retail, and other industries.

North America was the largest region in the WiFi as a service market in 2021. The regions covered in the WiFi as a service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The WiFi as a service market research report is one of a series of new reports that provides WiFi as a service market statistic, including WiFi as a service industry global market size, regional shares, competitors with a WiFi as a service market share, detailed WiFi as a service market segments, market trends and opportunities, and any further data you may need to thrive in the WiFi as a service industry. This WiFi as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increase in the adoption and deployment of WiFi systems is expected to propel the growth of the WiFi as a Service market.The increase in the adoption of WiFi systems is primarily due to the reduction of the cost of ownership, increased efficiency, access, availability, flexibility, and convenience benefits.

The increased adoption and deployment of WiFi systems automatically trigger the need for WiFi as a service option.For instance, a report by Wireless Broadband Alliance (WBA) suggested a mass adoption of Wi-Fi 6 by 2022 as 83% of organizations reported interest in adopting Wi-Fi 6.

In addition, according to a report 2020 Pandemic Network Performance by the Broadband Internet Technical Advisory Group (BITAG) issued in May 2021, from February to October 2020, video conferencing traffic increased by 300% on various American networks. Therefore, an increase in the adoption and deployment of WiFi systems will drive the growth of the WiFi as a Service market.

New technology development is a key trend gaining popularity in the WiFi as a service market.Many companies operating in the WiFi as a service market are developing new products or new technologies to meet the fast-growing demand from end customers and strengthen their business presence.

New technology developments including smart WiFi management platforms offering various access points with better integration are focused on increasing the operational efficiency and reducing costs of ownership.For instance, in October 2021, HCL Technologies (HCL), a renowned worldwide technology company, launched HCL SMARTWiFi, a WiFi management platform aimed at communication service providers (CSPs) who provide WiFi services.

HCL SMARTWiFi is a cloud-native, containerized, and highly scalable WiFi access point platform for large-scale deployments.When compared to traditional offerings, the platform has a cheaper total cost of ownership and contains a variety of access points from various prominent WiFi access point vendors.

For operational control and reporting, HCL SMARTWiFi integrates with operation support and business support systems (OSS/BSS) network components for operational control and reporting.

In April 2021, Viasat Inc., a US-based global communications company acquired RigNet, Inc. for an undisclosed amount. With this acquisition, RigNet brings extensive sector expertise, an established customer base, and a global communications delivery infrastructure to Viasat. Both companies can further expand Viasat’s portfolio diversification approach and address customers’ most difficulties in communications. RigNet, Inc is a US-based company that provides customers seeking a competitive advantage through digital transformation with comprehensive technological services.

The countries covered in the WiFi as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

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