Wi-Fi as A Service Market to Reach USD 12.7 Billion by 2027 | CAGR 19.6% – Forencis Research

Global Wi-Fi as a Service Market: Key Highlights

• According to the new market research report “Wi-Fi as a Service Market by Offering (Solution, Service), by Location Type (Indoor, Outdoor), by Enterprise Size (Small And Medium-Sized Enterprises and Large Enterprises), by End-User (Healthcare, Manufacturing, Transportation & Logistics, BFSI, Retail, Government, Education, and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Wi-Fi as a Service Market is estimated to reach USD 12.7 Billion by 2027 at a CAGR of around 19.6% during the review period.
• Wi-Fi as a Service is a subscription-based service which combines three key elements such as infrastructure, software, and managed services.
• Moreover, Wi-Fi is being supported by various applications and devices, such as video game consoles, home networks, mobile phones, and consumer electronics. These will lead to boost the growth of the market in the forecast period.

Global Wi-Fi as a Service Market: Key Market Dynamics

• With the enhancement of Wi-Fi platform management is witness to boost the growth of the market in the forecast period. Whereas, Wi-Fi as a Services helps various businesses for managing their Wi-Fi networks in any different locations from anywhere.
• One of the major key concern of the market is data security issue which may hamper the market growth. The organization and business are unwilling moving the data to the cloud as well as using the traditional Wi-Fi platform.
• Growing number of medium-sized organizations as well as adoption of bring Your Own Device (BYOD) trends in education industry is create a significant opportunities for the growth of the market in the projected period.
• Lack of skilled professional is create a major restraining factor for the growth of the Wi-Fi as a Service market in the forecast period.

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Global Wi-Fi as a Service Market: Regional Overview

• North America:

The North America is witness to have tremendous growth in the adoption of robust infrastructure as well as favorable governmental policies which is projected to boost the Wi-Fi as a Service market. Moreover, the large investments in cloud-based solutions, initial implementation of new & evolving technologies, and great quantity of players present in this region will boost the market growth.

Hence, the region contributes to the major market for WI fi as service with the growing organization and favorable administrative strategies.

• Asia-Pacific:

The region is anticipate of play a major role for the growth and developments of the market in the forecast period. Whereas the rising digital transformation in different business such as education, transportation and logistics in this region, lead to increase the IT services. Moreover, a various enterprises are replacing their traditional Wi-Fi with cloud-based Wi-Fi offerings for enhance the productivity and scalability of the business growth.

Hence, the broadband as well as mobile platform are enhancing in the region, the mobile workforce and BYOD trend is also improving is growth.  These trend will lead to increase the market adoption in the region.

Global Wi-Fi as a Service Market: Key Players Overview

• Huawei Technologies Co., Ltd:

Huawei Technologies Co., Ltd. is a Chinese multinational technology company, which designs, develops, and sells telecommunications equipment as well as the consumer electronics. Whereas, the company is a major global provider of information and communications technology (ICT) infrastructure and smart devices. Moreover, in 2020 the company had launched a revolutionary enterprise wireless solution Wi-Fi 6 powered by Huawei 5G+ for enhance capacity and slashing delay. However, this is Wi-Fi for several users that need lots of bandwidth and a great user experience.

• Extreme Networks

Extreme Networks is a networking company, which develops, and manufactures wired and wireless network platform equipment. Also, the company develops the software for network management, analytics, security and access controls. Moreover, in 2020 the company is projected to help its global customer base during the COVID-19 pandemic has developed innovative and consumable solutions, such as the Portable Branch Kit to quickly and securely provide connectivity to temporary remote office locations.

Hence, ExtremeWireless is powered by Cloud, ML as well as AI to deliver improve user experiences with effortless networking.

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