Market Overview
By reviewing the latest reports, the Global Wi-Fi as a Service Market is predicted to witness the Compound Annual Growth Rate (CAGR) of 38% in the forecasted period between 2016 and 2022. While in 2016, the market value was approximately 1 Billion USD and is estimated to go as high as 5 Billion USD by the end of 2022.
The Wi-Fi system is a fully cloud-based management system. It has gained high levels of popularity across the globe as it allows smooth connectivity by using radio waves. People use wireless routers and other related technological gadgets to utilize the provided services. The internet is used through these Wi-Fi networks. It is of great utility in various sectors of the world, from educations to IT and software, healthcare, and so on. The users have the freedom to connect multiple devices with it.
The main market drivers are low-cost ownership, capital spending, easy fixation of troubleshooting issues, and smooth connectivity. Apart from that, numerous small and medium ventures are using these services generously. In addition to this, the factors that hinder its growth rate are lack of data security and cloud connectivity issues.
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Market Segmentation
As per the latest collected data, the Global Wi-Fi as a Service Market is precisely divided into various segments that include industry type, service type, location type, hardware type, and organizational size type. They are listed below in detail.
- Industry Type
On the basis of this segmentation type, the global market is divided into healthcare, education, manufacturing retail, and others.
- Service Type
Based on this segmentation type, the respective global market is divided into Cloud access Point and Support, network planning and design, and lastly, maintenance.
- Location Type
Based on this segmentation type, the respective global market is divided into outdoors, indoors, and other locations.
- Hardware Type
Based on this segmentation type, the respective global market is divided into Wireless LAN Controller, gateway, wireless access point, and antenna.
- Organizational Size Type
Based on this segmentation type, the respective global market is divided into large-scale businesses, small and medium scale businesses.
It is important to note that all these segmentations will be witnessing equilateral to high growth in the forecasted period. It is due to the wide number of users. Many governments are also providing support to the respective nations to improve the quality and deliverance of the Global Wi-Fi as a Service Market.
Regional Analysis
Following the collected reports, the data showcases that the Global Wi-Fi as a Service Market has related users sprawled across the continents. Therefore in geographical terms, the market is spread over North America, Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
It is noteworthy to state that while moderate growth is expected in the other regions, North America is predicted to lead the respective global market in the forecasted years. One of the main reasons behind this is the vast number of investors and potential users in this region.
The key players of various regions include Huawei Technologies Co., Arista Networks, Cisco Systems, Fujitsu, Extreme Networks, Telstra Corporation, Commscope, Singtel, Zebra Technologies Corporation, Ruckus Wireless, and many others.
Industry News
Due to the increasing demands and utility of the Global Wi-Fi as a Service Market, there are many key players across the globe. Therefore, most of them are working extensively towards improving their respective services. It will, in turn, help in increasing customer satisfaction. Some of the notable developments have been mentioned below.
- In November 2018, a cloud-managed IT company named Cisco Meraki and the subsidiary of Cisco Systems was reported to have partnered with a multinational distribution company based in the US named Tech Data. This partnership aims to distribute the Cisco Meraki Go Wi-Fi products in and across Europe.
- In the February of 2019, Rukus Networks, a part of ARRIS, is reported to have launched an IUCX 7850 switch. It will aid the next decade of enterprise networking solutions and reduce the total cost of ownership.
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