Westford,USA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- According to SkyQuest report, the adoption of global Wi-Fi as a service market is experiencing a notable upswing, primarily driven by its affordability and scalability, rendering it an enticing choice for businesses of all sizes. The increasing need for extensive and high-speed network coverage in today's data-driven world has spurred a surge in WaaS deployment.
Browse in-depth TOC on the "Wi-Fi As A Service Market"
- Pages - 157
- Tables - 61
- Figures – 75
The growing popularity of air-gapped services, ensuring secure network isolation, further accelerates the expansion of the global Wi-Fi as a service market. These combined factors underscore the significant role that WaaS plays in meeting businesses' evolving connectivity and security demands, positioning it as a pivotal technology in the modern digital landscape.
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Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 5.9Billion |
| 2030 Value Projection | USD 23.07 Billion |
| CAGR | 21.5% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in GlobalWi-Fi As A Service Market
- Cisco Systems Inc.
- Hewlett Packard Enterprise
- Aruba Networks
- Ruckus Networks
- CommScope
- Extreme Networks
- Huawei Technologies Co., Ltd.
- Aerohive Networks
- Fortinet, Inc.
- Juniper Networks
- Nokia Corporation
- ZTE Corporation
- Netgear Inc.
- D-Link Corporation
- Ubiquiti Networks
- Cambium Networks
- Allied Telesis, Inc.
- Mist Systems
Managed Service Segment has Risen Significantly due to Increasingly Choosing Managed Services
Managed service segment has emerged as the dominant segment within the global Wi-Fi as a service market. This trend is driven by organizations, particularly small and medium enterprises (SMEs) and large enterprises, who are increasingly choosing managed services to outsource the management and maintenance of their Wi-Fi infrastructure efficiently.
North America has asserted its dominance in the global Wi-Fi as a service market, owing the region's early adoption of advanced technologies and a robust IT infrastructure, which have positioned it as a critical hub for WaaS services.
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Professional Service Segment to Dominate Market due to Increasing Awareness of the Crucial Role
Professional service segment is poised to witness steady growth in the global Wi-Fi as a service market. Organizations are actively seeking professional expertise with an increasing awareness of the crucial role of robust and dependable Wi-Fi networks in modern business operations.
Asia-Pacific is quickly emerging as the fastest-growing sector within the global Wi-Fi as a service market. Several countries in the region such as China, India, Japan, South Korea, and Australia, are experiencing a remarkable surge in wireless infrastructure development and an accelerating pace of digitalization across various sectors.
A comprehensive analysis of major global Wi-Fi as a service market players has been conducted recently. The report encompasses various aspects of the market, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in Global Wi-Fi as a Service Market
- In 2023, Cisco Systems marked a significant move in the technology landscape by finalizing its acquisition of Open Systems AG, a prominent player in the secure access service edge (SASE) solutions market. This strategic acquisition substantially enriched Cisco's cloud-managed networking services, including Wi-Fi as a Service, bolstered by integrated security features. This development reinforced Cisco's commitment to providing comprehensive and secure network solutions for various industries and organizations.
- In 2023, Hewlett Packard Enterprise (HPE) unveiled a pioneering addition to its portfolio by introducing the GreenLake Wi-Fi as a Service offering. This innovative solution empowers organizations with the flexibility and scalability required for seamless Wi-Fi deployment and management.
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Key Questions Answered in the Global Wi-Fi As A Service Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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