(MENAFN- IMARC Group)
IMARC Group, a leading market research company, has recently releases report titled“ WiFi As A Service Market Report by Component (Professional Services, Managed Services), Location Type (Indoor, Outdoor), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), End Use industry (Telecom and IT, BFSI, Education, Healthcare, Hospitality, Transportation, Retail, and Others), and Region 2024-2032. ” The study provides a detailed analysis of the industry, including the global WiFi as a service market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the WiFi As A Service market? The global WiFi as a service market size reached US$ 5.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2032, exhibiting a growth rate (CAGR) of 13.92% during 2024-2032.
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What is WiFi As A Service?
WiFi as a service (WaaS) delivers turnkey internet access solutions for multi-user business networks. It is a subscription-based service that integrates infrastructure, software, and service. WaaS offers several beneficial features to business operations, such as increased uptime, scalability in response to user demand, and advanced network security features. It also enables organizations with limited information technology (IT) resources to provide secure, reliable, and fast WLAN access across several locations. WaaS is time- and cost-efficient and can be easily managed via a network operating center (NOC), due to which it is widely used across the telecommunication and IT sectors.
What are the growth prospects and trends in the WiFi As A Service industry?
The recent COVID-19 outbreak compelled governments of various nations to mandate lockdowns, which, in turn, surged the demand for high-speed wireless fidelity services, such as WaaS. This represents one of the key factors accelerating the market growth. In line with this, the surging demand for better network coverage and burgeoning product application in small and medium enterprises (SMEs) are further providing a significant boost to the market growth. Moreover, favorable initiatives supporting the development of smart cities and the rapid deployment of public WiFi are other growth-inducing factors. Apart from this, the rising product demand across the retail and banking, financial services and insurance (BFSI) sectors and significant technological advancements are creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
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 Viasat Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Professional Services Managed Services
Breakup by Location Type:
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 Asia-Pacific Europe Latin America Middle East and Africa
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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