Wi-Fi as a Service Market to Reach $12.21 Billion, Globally, by 2027 at 17.6% CAGR: Allied Market Research

- Increase in requisite for low capital expenditure, rise in deployment of public Wi-Fi, and expediency of Wi-Fi infrastructure management and its remote troubleshooting drive the growth of the global Wi-Fi as a Service market.

News provided by

Allied Market Research

Mar 03, 2021, 08:15 ET

PORTLAND, Ore., March 3, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Wi-Fi as a Service Market by Service (Professional Services and Managed Services), Location Type (Indoor and Outdoor), Enterprise Size (Large Enterprises and SMEs), and Industry Vertical (Telecom & IT, BFSI, Education, Healthcare, Hospitality, Transportation, Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the global Wi-Fi as a Service industry was estimated at $3.36 billion in 2019, and is expected to hit $12.21 billion by 2027, registering a CAGR of 17.6% from 2020 to 2027.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/9742

Drivers, restraints, and opportunities-

Increase in requisite for low capital expenditure, rise in deployment of public Wi-Fi, and expediency of Wi-Fi infrastructure management and its remote troubleshooting drive the growth of the global Wi-Fi as a Service market. On the other hand, several security concerns impede the growth to some extent. However, rise in adoption of IoT and surge in demand for Wi-Fi as a service among SMEs are expected to create lucrative opportunities in the industry.

Impact of Covid-19 on Wi-Fi as a Service Market, Globally:

The outbreak of the pandemic led to rise in the trend of work-from-home culture. Accordingly, there's been a significant rise in the demand for Wi-Fi services, which in turn has boosted the global Wi-Fi as a service market.
Also, SMEs have started looking for economic and reliable wireless connectivity solutions for their organizations, which has contributed significantly for continuation of revenue generation across the Wi-Fi industry.

Get detailed COVID-19 impact analysis on the Wi-fi as a Service Market

The professional services segment to lead the trail by 2027-

Based on services, the professional services segment accounted for more than two-thirds of the global Wi-Fi as a Service market share in 2019, and is expected to dominate by the end of 2027. This is because it ensures effective functioning of Wi-Fi. Simultaneously, the managed services segment would register the fastest CAGR of 20.1% throughout the forecast period. Service-Level Agreements (SLAs) for managed WiFi services ensure that business objectives for access, availability and bandwidth are consistently met by the third-party vendor. This factor fuels the segment growth.

The outdoor segment to dominate during the forecast period-

Based on location type, the outdoor segment contributed to around two-thirds of the global Wi-Fi as a Service market revenue in 2019, and is projected to retain its dominance by 2027. This is attributed to the fact that organizations prefer deploying WaaS for outdoor location type to deliver optimal Wi-Fi performance. The indoor segment, on the other hand, would exhibit the fastest CAGR of 20.2% during the forecast period, owing to increasing need for uninterrupted internet connectivity and rising penetration of IoT.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/9742

North America to rule the roost in terms of revenue:

Based on geography, North America generated the major share in 2019, holding nearly two-fifths of the global Wi-Fi as a service market. Continuous advancements in technology, and presence of major number of Wi-Fi as a service vendors in North America region are contributing toward the growth of the WaaS market in this region. At the same time, the market across Asia-Pacific would grow at the fastest CAGR of 20.5% from 2020 to 2027. Increasing penetration of smartphones, need for cost effective internet services by SMEs, rise in popularity of fast internet connectivity, and strong & growing competition among ISPs drive the market growth in this province.

Frontrunners in the industry-

Cisco Systems
Huawei Technologies Co.
Singtel
Viasat, Inc.
Fujitsu
Commscope
Extreme Networks
Arista Networks, Inc.
Pareteum Corporation
Telstra Corporation.

Official Press Release: https://www.alliedmarketresearch.com/press-release/wi-fi-as-a-service-market.html

Similar Research Reports for Information, Communication and Technology:

Email Encryption Market Expected to Reach $3,186 Million, Globally, by 2023

Neural Network Market worth $38,719 Million Globally by 2023

Security Information& Event Management Market to Reach $3,720 Million Globally by 2023

Application Container Market Predicted to Reach $8,202 Million by 2025

Network Traffic Analytics Market Expected to Reach $3.11 Billion by 2026

Function-as-a-Service Market Expected to Reach $24,007.00 Million by 2026

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter