The market for Wi-Fi as a service was valued at USD 1.70 billion in 2020; it is anticipated to increase by USD 2.04 billion in 2021 and USD 8.80 billion in 2028, at a CAGR of 23.2%. WaaS experienced a positive demand shock during the pandemic, which was unprecedented and staggering in its impact on the world. According to our research, the global market grew significantly (19.2%) in 2020 compared to the average annual growth between 2017 and 2019. When the pandemic is over, this market's demand and growth will resume to pre-pandemic levels, which will explain the increase in CAGR.

The Wi-Fi as a Service (WaaS) market combines software, infrastructure, and managed services into a single service that is subscription-based. These services are being used by end-user organizations because they are affordable, have a short 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 spreading their business units throughout developing countries.

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DEMANDING INDUSTRY PLAYERS

Some well-known companies in the sector include Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co. Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others. Companies are adopting new tactics, like acquisitions, to strengthen their positions as a result of the market's escalating competition. For instance,

The companies that follow are a few of the significant businesses profiled: 

• 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)

The "Wi-Fi as a Service Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.

SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT

By Organization Size: 

• Large Enterprises
• Small and Medium Enterprises (SMEs)

By End-use: 

• Banking, Financial Services and Insurance (BFSI)
• Retail
• Manufacturing
• Transportation
• Education
• Healthcare
• Others (Oil Gas)

By Region

• (The United States and Canada)
• Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
• Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
• Latin America (including Brazil, Mexico, and the remainder of the region)
• South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa

The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.

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What insights does the Wi-Fi as a Service Market report provide to readers?

• Wi-Fi as a Service Market Fragmentation Based on Product Type, End User, and Region
• Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
• Collaborations, RD projects, acquisitions, and product launches of each Wi-Fi as a Service Market player
• The various rules governments have placed on using the Wi-Fi as a Service Market are described in detail. 

The inspirations for investing in this report

• The research provides a detailed market overview by defining, describing, and classifying it.
• The study includes the SWOT analysis and business plans of each vendor in the industry.
• The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
• The study thoroughly analyzes the business's competitive landscape and significant market strategies.

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