The Wi-Fi as a Service Market was worth USD 1.70 billion in 2020, and it is anticipated to increase by USD 2.04 billion between 2021 and 2028, for a CAGR of 23.2%. Increased Demand for High-Speed and Widespread Network Coverage to Fuel Growth
The Wi-Fi as a Service (WaaS) market combines software, infrastructure, and managed services into a single service that is subscription-based. End-use organizations are implementing these services because they are affordable, have a brief life cycle, and are easy to configure for updates in the future. Important businesses such as Juniper Networks Inc., Cisco System Inc., HPE (Aruba), and Extreme Networks provide subscription-based WaaS services. The market's major players are concentrating on growing their business divisions in emerging nations.
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Which company dominates the Global Wi-Fi as a Service Market?
- Juniper Networks Inc. (California, U.S.)
- Cisco System Inc. (California, U.S.)
- HPE (Aruba) (California, U.S.)
- Extreme Networks (California, U.S.)
- Huawei Technologies Co. Ltd. (Shenzhen, China)
- Fortinet (California, U.S.)
- Ruckus Networks (California, U.S.)
- Arista Networks (California, U.S.)
- D-Link Corporation (Taipei, Taiwan)
- TP-Link (Shenzhen, China)
What are the factors driving the growth of the Wi-Fi as a Service Market?
The WaaS market is expanding because managing Wi-Fi infrastructure via the cloud is so simple. WaaS makes it possible for businesses to manage their wireless fidelity networks from anywhere. Network administrators can remotely manage Wi-Fi infrastructure issues using a network management interface from a remote location using cloud-based centralized management, saving money and time.
What are the market's geographic insights for the Wi-Fi as a Service Market?
Geographically speaking, the market share is divided into North America, Asia Pacific, South America, Europe, and the Middle East & Africa.
Because of the early adoption of cutting-edge technology and the presence of significant market players, North America is expected to hold a dominant share of the market. Leading WaaS providers in the area are constantly coming up with new ideas to broaden the technology's potential applications. The willingness of consumers to adopt cutting-edge technology will improve the regional outlook in addition to these other factors.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2028, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2028.
Analysts have segmented the "Wi-Fi as a Service Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Wi-Fi as a Service Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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