Wifi As A Service Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Wifi As A Service Market in 2021?

The global Wifi As A Service market had a market size of USD 2.5 billion in 2021. It is expected to grow at a CAGR of 15% from 2021 to 2028, reaching a market size of USD 7.5 billion by the end of 2028.

COVID-19 Impact on the Wifi As A Service Market

The COVID-19 pandemic had a significant impact on the Wifi As A Service market. With the shift to remote work and online learning, the demand for Wifi solutions increased drastically. Companies and educational institutions had to invest in reliable and secure Wifi networks to support remote operations. This led to a surge in the adoption of Wifi As A Service offerings to ensure seamless connectivity for employees and students working from home.

On the other hand, the pandemic also brought about supply chain disruptions and delays in infrastructure deployments, which affected the market growth to some extent. However, the overall impact of COVID-19 accelerated the need for robust Wifi solutions, driving the growth of the Wifi As A Service market.

Wifi As A Service Dynamics

The Wifi As A Service market is dynamic and constantly evolving due to advancements in wireless technology and increasing demand for connectivity solutions. The market is driven by factors such as the growing adoption of cloud-based services, rising Internet penetration, and the proliferation of IoT devices.

Moreover, the shift towards digital transformation across various industries and the need for high-speed and reliable Wifi networks have further fueled the demand for Wifi As A Service solutions. Businesses are increasingly turning to managed Wifi services to ensure seamless connectivity for their operations and to enhance customer experience.

Segments and Related Analysis

By Service Type:

- Hardware as a Service

- Software as a Service

- Managed Services

By Organization Size:

- Small and Medium Enterprises

- Large Enterprises

By Vertical:

- Healthcare

- Education

- Retail

- Banking, Financial Services, and Insurance (BFSI)

By Region Analysis

- North America: The North American region dominates the Wifi As A Service market due to early technology adoption and high Internet penetration rates.

- Europe: Europe is expected to show significant growth in the Wifi As A Service market with the increasing digitalization of businesses and the adoption of cloud-based services.

- Asia Pacific: The Asia Pacific region is witnessing rapid growth in the Wifi As A Service market, driven by the proliferation of smartphones and IoT devices.

- Latin America: Latin America is also a key market for Wifi As A Service, with businesses in sectors like retail and healthcare adopting managed Wifi solutions.

- Middle East and Africa: The MEA region is experiencing increased demand for Wifi As A Service due to the digital transformation initiatives in various industries.

Key Market Players and Competitive Landscape

- Cisco Systems, Inc.

- Aruba Networks

- Ruckus Wireless

- Huawei Technologies Co., Ltd.

- Aerohive Networks, Inc.

- Extreme Networks

- Fortinet, Inc.

Recent Happenings in the Wifi As A Service Market

- Cisco Systems, Inc. launched a new range of Wifi 6 access points with advanced security features to meet the growing demand for secure and high-speed wireless connectivity.

- Aruba Networks partnered with a leading healthcare provider to deploy Wifi 6 solutions in hospitals and medical facilities to enhance patient care and streamline operations.

- Huawei Technologies Co., Ltd. introduced a cloud-managed Wifi solution for small and medium businesses to enable remote management and monitoring of wireless networks.

- Extreme Networks announced the acquisition of a leading Wifi management software provider to enhance its portfolio of cloud-based networking solutions.