DUBLIN, June 3, 2022 /PRNewswire/ — The “Global Wi-Fi as a Service Market Size, Share & Industry Trends Analysis Report By Component, By Organization Size, By Location, By End User, By Regional Outlook and Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.
The Global Wi-Fi as a Service Market size is expected to reach $11.6 billion by 2027, rising at a market growth of 19.0% CAGR during the forecast period.
Wi-Fi as a service is a cloud-based management system that enables enterprises with lesser IT resources to provide safe, reliable, and quick WLAN access over multiple locations. WaaS deployment is simple and quick because no cable installation is necessary, and it can be controlled through a network operating center, allowing smaller businesses to have a reliable and fast data network. Also, WaaS is perfect for temporary locations, heritage structures, and office relocations. In addition, WaaS includes advanced analytic capabilities that aid in the analysis of customer and employee behavior. WaaS also has an automatic system upgrade feature and it can offer secure guest access.
The expansion of smart cities, as well as the reduction in tariff rates for Wi-Fi equipment for organizations, ensures an efficient performance for the market. The rising demand for high-speed internet and comprehensive network coverage is expected to give fuel to the overall market expansion over the forecast period.
Companies are now considering it as a crucial part of their operations, and they’re not seeking for outsourced suppliers to ensure the elimination of risks and errors in the service quality. Wi-Fi has even penetrated into the domain of infrastructure overhead for some businesses , with IT staff opting to delegate control to professionals so they can emphasize on more strategic initiatives and operations.
WaaS was formerly called Managed Network Service. Wi-Fi-as-a-Service is a service that provides full turnkey design, management, and installation of all IT assets, including routers, servers, switches, firewalls, and others, to provide a Wi-Fi solution. WaaS can be used to meet a wide range of business requirements. It can also be utilized by enterprises with no existing Wi-Fi network as well as those with a network but are searching for a managed solution for a guest internet -only Wi-Fi network.
COVID-19 Impact Analysis
The COVID-19 outbreak is expected to have a significant influence on the expansion of the Wi-Fi as a service market. Due to the lockdown imposed across the world, the demand for Wi-Fi services has surged in most nations, owing to the There is a growing tendency of people working from home. This has made a substantial contribution to the Wi-Fi industry’s continued revenue generation, resulting in increased market growth.
During the COVID-19 outbreak, the IT and telecom industries are playing a critical role in supporting governments’ digital infrastructure around the world. Individuals and governments at all levels, …