Wi-Fi as a Service Market: Global Industry Forecast (2023-2029)

Wi-Fi as a Service Market size was valued at US$ 12.34 Bn. in 2022 and the total WiFi revenue is expected to grow at 16.5 % from 2022 to 2029, reaching nearly US$ 35.97 Bn.
Wi-Fi as a Service Market Overview:
The Wi-Fi is not an acronym; it is a brand name produced by a marketing organization to act as a marketing interoperability mark. Wi-Fi is a wireless networking interface that supports computers (computers and laptops), smartphones and tablets (mobile phones and wearables), and other devices (printers and video cameras) to the Internet. It enables these and other devices to communicate with one another, forming a network. A wireless router is used to connect devices to the internet. When you connect to Wi-Fi, you are connected to a wireless router, which allows your Wi-Fi-enabled devices to connect to the Internet. A wireless access point (AP) connects wireless devices to a wireless network. A Cisco wireless network makes it simple to bring new devices online and offers mobile workers flexible assistance.



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The report explores the Wi-Fi as a Service Market's segments (Component, Density, Location Type, Organization Size, Applications, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Wi-Fi as a Service Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Wi-Fi as a Service Market's contemporary competitive scenario.
Wi-Fi as a Service Market Dynamics:
Rising number of Global internet usage.

The number of internet users globally is continuously growing as a result of the increased penetration of smartphones and improved connections. Increased internet access throughout the globe has provided new business prospects for telecom service providers. Telecom companies are spending aggressively to capitalize on these new prospects through upgraded Wi-Fi systems that can deliver the requisite connectivity bandwidth, security, and network consistency. Increased investments in wireless network infrastructure by telecom industries are expected to drive the growth of the Wi-Fi as a Service Market.

Wi-Fi 6 and Wi-Fi 6E have become much more popular in households and businesses.

Wi-Fi 6 gained 50% market penetration more rapidly than prior Wi-Fi generations, owing to increased demand for high-quality Wi-Fi and more efficient, dependable connection in phones, tablets, and access points (AP). Moreover, higher speed, reduced latency, and increased power efficiency enable Wi-Fi 6 to meet the various demands of IoT in unprecedented ways. The increased availability of 6 GHz worldwide, together with Wi-Fi 6E interoperability certification, laid the groundwork for a diversified Wi-Fi 6E ecosystem, with over 350 million Wi-Fi 6E devices expected to enter the market by 2022. Wi-Fi 6 and Wi-Fi 6E will become increasingly ubiquitous in daily life in 2022, both in households and in businesses. And hence, it's expected to drive the market during the forecast period.

The Increasing number of The Internet of Things.

The proliferation of interconnected gadgets has been called "The Internet of Things"; a network of virtually any object endowed with a wireless connection. Although this notion is not new, a new generation of technology is developing that will significantly alter lives. Home gadgets such as refrigerators, kettles, and printers that can automatically restock goods, boil water on demand, or purchase new ink are already available. The idea of a link, a "modern house" may appear futuristic, yet it is already becoming a part of life. As the adoption curve follows its arc, we anticipate that daily life will alter dramatically as this new technology becomes more widespread and its benefits are more precedent. WiFi will be the conduit for this transformation because it is the default option for meeting the greater bandwidth requirements of this next-generation technology.

Insufficient Network Connection is the key restraint for market growth.

To utilize Wi-Fi, Internet users converge on a single access point. Co-channel interference occurs when many access points use the same RF channel. This has an impact on network performance and poses a danger in several nations. Moreover, some consumers encounter poor network performance as a result of insufficient network planning, which will restrict market growth even further.

A constant threat of private and corporate data breaches.

A physical network connection can only be intercepted by someone who has plugged into the wire. However, because wireless connections travel via the air, all a person who is interested in stealing private information needs is a Wi-Fi receiver, software, patience, and a spot to work where a hacker can get the user's signal. While the Wi-Fi Protected Access security protocol is better than nothing, it may still be hacked by a skilled hacker.

Covid-19 Impact on Global Wi-Fi as a Service Market:

According to research, telecommunications technology plays a key role in mitigating the disruptive social and economic impact of pandemics and other crises. As a result, because Wi-Fi technology is a crucial component of a country's digital infrastructure, it is acceptable to conclude that Wi-Fi technology plays an important role in assisting society in dealing with the economic disruption caused by pandemics such as COVID-19. Among the most significant areas of effect, Wi-Fi has been found to make vital contributions in various disciplines, including:

Providing Internet connectivity to people who cannot afford broadband service through free access points
Enabling efficient concurrent access to numerous devices for distant learning, telecommuting, telemedicine, and information delivery.
Reducing consumer cellular expenditures while increasing consumer dependency on wireless devices
Providing internet access for broadband in unserved locations via WISPs
Enabling digital transformation of organizations by enabling business process virtualization

Not only is Wi-Fi important for economic resilience, but it is also a major facilitator in the delivery of online social, education, and work collaboration capabilities. Working from home with Wi-Fi allows families to be secure while contributing to the economy. Wi-Fi has also proven critical in reducing the burden of social isolation caused by catastrophes such as COVID-19—for individuals and families, as well as populations in hospital and aged care institutions. Improving digital technologies and the global spread of Wi-Fi access is critical for both developed and emerging economies. WiFi's mobility and advantages to the digital economy have proven to be critical during the pandemic. Researchers argue that economies with more advanced digital technologies have more economic resilience in potentially disastrous conditions. As a result, the prospects made available by Wi-Fi give not only economic but also social and humanitarian advantages.
Wi-Fi as a Service Market Segment Analysis:
By Density segment, the demand for high-density Wi-Fi networks is increasing at an astonishing rate. 802.11n has raised Wi-Fi networking in the company from an add-on to existing wired networks to the fundamental way of network communication. The growing need for Wi-Fi as the principal network access method and to handle the enormous flood of mobile devices has resulted in new requirements for efficiently designing and deploying high-capacity wireless networks. Many organizations are quickly realizing that existing wireless LAN (WLAN) deployments, which were originally designed to meet basic coverage requirements, are no longer adequate to meet these growing demands, and that simply adding more access points is often ineffective, necessitating new network planning and design.



By Vertical Segment, the Education segment accounted for a significant revenue share in 2020 due to the increasing use of Wi-Fi in education, academic institutions, and universities to provide seamless, smooth, and efficient education to students and to better equip amenities to impart their knowledge to students, as well as the need to monitor their progress. Meanwhile, the notion of online learning and self-education has gained a foothold, generating a strong need for a smooth and speedier Wi-Fi connection.

The Commercial segment held the highest share of more than 38.0 % in 2021. The rapidly growing need for improved wireless connections throughout corporate offices is linked to the growth of the segment. Corporate professionals nowadays collaborate with their clients and coworkers via video meetings, train via streaming videos, and host a variety of cloud apps. This necessitates high-speed internet access, increasing the usage of 6 and 6E routers as well as wifi-6-equipped end-user devices such as laptops. As a result, demand for chipsets is expected to grow throughout the forecast period.
Regional Insights:
APAC regions are investing more in Wi-Fi initiatives. A rapidly rising online presence, owing to the growing significance of SMEs, along with lower TCO, is likely to drive market growth in the APAC region. APAC is seeing an increase in the usage of smart devices and the internet, demanding the need for dependable and secure internet access, which is driving up the demand for Wi-Fi solutions. Additionally, as internet and mobile infrastructures improve across the Asia Pacific area, the mobile workforce and BYOD trend gain traction. These developments in this region are likely to lead to greater acceptance of Wi-Fi technology, which drive the Asia Pacific market's growth.

In the United States, the market captured a large market share in 2022. The United States is making significant investments in adopting smart industries, building smart homes, and rolling out smart cities. On the other side, customers in the United States are increasingly interested in high-resolution online/cloud gaming. Likewise, the United States is developing as a pioneer in smart transportation and self-driving automobile infrastructure. These improvements are anticipated to drive demand for Wi-Fi 6 and 6E chipset components in the United States at the end of the forecast period

Developing nations like Pakistan and Bolivia are unlikely to obtain broad advanced connections, much alone frontier connectivity. India's mobile networks have been rapidly updated, although frontier connection will most likely be restricted to big urban areas. In addition to the disparities between these patterns, the difference between urban and rural connections inside nations may grow. These deployment patterns will influence how the value from domain use cases is ultimately allocated, benefiting pioneer nations such as China.



The objective of the report is to present a comprehensive analysis of the Wi-Fi as a Service Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Wi-Fi as a Service Market dynamics, and structure by analyzing the market segments and projecting the Wi-Fi as a Service Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Wi-Fi as a Service Market make the report investor’s guide.
Wi-Fi as a Service Market Scope: Inquire before buying



Global Wi-Fi as a Service Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2023
Market Size in 2022:
US $ 12.34 Bn.


Forecast Period 2023 to 2029 CAGR:
16.5 %
Market Size in 2029:
US $ 35.97 Bn.


 Segments Covered:
by Component
Hardware
Solutions
Services


by Density
Hi-Density Wi-Fi
Enterprise-Class Wi-Fi


by Location Type
Indoor
Outdoor


by Organization Size
Large Enterprises
SMEs


by Applications
Residentials/Consumers
Commercial
Enterprises/Corporates
Airports
Stadiums
Malls/Shops
Hospitals
Hotels & Restaurants
Educational Campuses
Others
Industrial
Smart Manufacturing
Energy & Utility
Oil & Gas and Mining
Smart City
Transportation & Logistics
Government & Defense
Others



Wi-Fi as a Service Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1.Ruckus Wireless
2.Netgear
3.Riverbed Technology
4.Aruba
5.Cisco Systems
6.Ericsson
7.Alcatel-Lucent Enterprises
8.Panasonic
9.Huawei
10.Juniper Networks
11.Extreme Networks
12.Fortinet
13.D-Link
14.Broadcom
15.Airtel
16.Orange Business Services
17.Comcast Business
18.Vodafone
19.Telstra
20.Fujitsu
21.AT&T
22.Lever Technology Group

FAQs:

1. Which is the potential market for Wi-Fi in terms of the region?
Ans. APAC market is the potential market for Wi-Fi in terms of region.

2. What are the opportunities for new market entrants?
Ans. The increasing demand for carrier Wi-Fi is a key opportunity for new market entrants.

3. What is expected to drive the growth of the Wi-Fi as a Service Market in the forecast period?
Ans. The rising Global internet usage drives the growth of the Wi-Fi as a Service Market in the forecast period.

4. What is the projected market size & growth rate of the Wi-Fi as a Service Market?
Ans. Wi-Fi as a Service Market size was valued at US$ 12.34 Bn. in 2022 and the total WiFi revenue is expected to grow at 16.5 % from 2022 to 2029, reaching nearly US$ 35.97 Bn.

5. What segments are covered in the Wi-Fi as a Service Market report?
Ans. Component, Density, Location Type, Organization Size, Applications, and Region are the segments covered in the Wi-Fi as a Service Market Report.