
WiFi As A Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
WiFi As A Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global WiFi as a service market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15.95% during 2023-2028.
WiFi as a Service (WaaS) is a subscription-based system that combines infrastructure, software, and managed services. It is easy, time-efficient, requires no cable installation, and provides 24/7 remote monitoring and troubleshooting of configuration issues. It offers reliable network access for back-office and customer use while delivering a platform for building an intelligent multichannel customer experience. As a result, it is deployed in organizations with limited information technology (IT) resources for secure wireless local area network (WLAN) access across various locations. It also enables users to attain a fast data network as it can be managed via a network operating center (NOC).
WiFi As A Service Market Trends:
The digital transformation of business operations represents one of the key factors driving the need for WaaS for supporting mobile communications, boosting productivity, and streamlining collaboration. Moreover, it is gaining traction in the banking, financial services, and insurance (BFSI) sector to enable always-on security protection, reduce latency, and allow organizations to gain a competitive advantage. Apart from this, it is being widely adopted by small and medium-sized enterprises (SMEs) to gather analytics about customer interactions and take actions in real-time. Furthermore, the emerging trend of WiFi marketing, which is an innovative way for brick-and-mortar businesses to build customer loyalty, run targeted digital ads, send emails and messages, and automate customer communications, is driving the market. Besides this, WaaS is employed in the healthcare industry to enable healthcare professionals to monitor patients remotely and provide timely health information, reminders, and support. This, in confluence with the growing prevalence of chronic diseases and easy access to medical facilities, is catalyzing the demand for WaaS to help improve patients' quality of life.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global WiFi as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, location type, enterprise size and end use industry.
Breakup by Component:
Professional Services
Managed Services
Breakup by Location Type:
Indoor
Outdoor
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by End Use Industry:
Telecom and IT
BFSI
Education
Healthcare
Hospitality
Transportation
Retail
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arista Networks Inc., Cisco Systems Inc., CommScope Inc., Extreme Networks, Fortinet Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Juniper Networks Inc., Riverbed Technology Inc., Rogers Communications Inc., Singtel, Telstra Corporation Limited and Viasat Inc.
Key Questions Answered in This Report
1. What was the size of the global WiFi as a service market in 2022?
2. What is the expected growth rate of the global WiFi as a service market during 2023-2028?
3. What are the key factors driving the global WiFi as a service market?
4. What has been the impact of COVID-19 on the global WiFi as a service market?
5. What is the breakup of the global WiFi as a service market based on the component?
6. What is the breakup of the global WiFi as a service market based on the location type?
7. What is the breakup of the global WiFi as a service market based on the enterprise size?
8. What is the breakup of the global WiFi as a service market based on the end use industry?
9. What are the key regions in the global WiFi as a service market?
10. Who are the key players/companies in the global WiFi as a service market?
The global WiFi as a service market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15.95% during 2023-2028.
WiFi as a Service (WaaS) is a subscription-based system that combines infrastructure, software, and managed services. It is easy, time-efficient, requires no cable installation, and provides 24/7 remote monitoring and troubleshooting of configuration issues. It offers reliable network access for back-office and customer use while delivering a platform for building an intelligent multichannel customer experience. As a result, it is deployed in organizations with limited information technology (IT) resources for secure wireless local area network (WLAN) access across various locations. It also enables users to attain a fast data network as it can be managed via a network operating center (NOC).
WiFi As A Service Market Trends:
The digital transformation of business operations represents one of the key factors driving the need for WaaS for supporting mobile communications, boosting productivity, and streamlining collaboration. Moreover, it is gaining traction in the banking, financial services, and insurance (BFSI) sector to enable always-on security protection, reduce latency, and allow organizations to gain a competitive advantage. Apart from this, it is being widely adopted by small and medium-sized enterprises (SMEs) to gather analytics about customer interactions and take actions in real-time. Furthermore, the emerging trend of WiFi marketing, which is an innovative way for brick-and-mortar businesses to build customer loyalty, run targeted digital ads, send emails and messages, and automate customer communications, is driving the market. Besides this, WaaS is employed in the healthcare industry to enable healthcare professionals to monitor patients remotely and provide timely health information, reminders, and support. This, in confluence with the growing prevalence of chronic diseases and easy access to medical facilities, is catalyzing the demand for WaaS to help improve patients' quality of life.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global WiFi as a service market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, location type, enterprise size and end use industry.
Breakup by Component:
Professional Services
Managed Services
Breakup by Location Type:
Indoor
Outdoor
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by End Use Industry:
Telecom and IT
BFSI
Education
Healthcare
Hospitality
Transportation
Retail
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arista Networks Inc., Cisco Systems Inc., CommScope Inc., Extreme Networks, Fortinet Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Juniper Networks Inc., Riverbed Technology Inc., Rogers Communications Inc., Singtel, Telstra Corporation Limited and Viasat Inc.
Key Questions Answered in This Report
1. What was the size of the global WiFi as a service market in 2022?
2. What is the expected growth rate of the global WiFi as a service market during 2023-2028?
3. What are the key factors driving the global WiFi as a service market?
4. What has been the impact of COVID-19 on the global WiFi as a service market?
5. What is the breakup of the global WiFi as a service market based on the component?
6. What is the breakup of the global WiFi as a service market based on the location type?
7. What is the breakup of the global WiFi as a service market based on the enterprise size?
8. What is the breakup of the global WiFi as a service market based on the end use industry?
9. What are the key regions in the global WiFi as a service market?
10. Who are the key players/companies in the global WiFi as a service market?
Table of Contents
145 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global WiFi As A Service Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Professional Services
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Managed Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Location Type
- 7.1 Indoor
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Outdoor
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Enterprise Size
- 8.1 Large Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Small and Medium-sized Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by End Use Industry
- 9.1 Telecom and IT
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 BFSI
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Education
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Healthcare
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Hospitality
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Transportation
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Retail
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Others
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Arista Networks Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 Cisco Systems Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 CommScope Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Extreme Networks
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Fortinet Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Fujitsu Limited
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Hewlett Packard Enterprise Development LP
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Huawei Technologies Co. Ltd.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 SWOT Analysis
- 15.3.9 Juniper Networks Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Riverbed Technology Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 SWOT Analysis
- 15.3.11 Rogers Communications Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Singtel
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Telstra Corporation Limited
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.14 Viasat Inc.
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 Financials
- 15.3.14.4 SWOT Analysis
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