WiFi as a Service Market

Global WiFi as a Service Market Size (2024 to 2032)

The global wifi as a service market was valued at USD 4.24 billion in 2023. The global market is estimated to reach USD 4.99 billion in 2024 and USD 18.38 billion by 2032, growing at a CAGR of 17.7% during the forecast period.

Wifi is a wireless network technology that allows devices like laptops, desktop computers, mobile phones, and other equipment to connect to the internet via a network interface. These gadgets can communicate with one another, and so form a network. A wireless router establishes an internet connection that the router's linked devices can use.

The development of smart cities is on the rise, resulting in an increase in the installation of wifi systems and, as a result, an increase in overall market demand. Small and medium businesses have shown an increased desire for wifi as a service, indicating that this market has a bright future. Inefficient cloud connectivity and data security issues, on the other hand, are some of the market's restraints.

The expansion of smart cities and the reduction in tariff rates for wifi infrastructure for organisations promises a progressive performance for this market. During the anticipated period, the rising demand for high-speed internet and comprehensive network coverage will give fuel to the overall market expansion.

MARKET DRIVERS

The wifi structure's cost of ownership has decreased, fueling market demand and increasing the acceptance and deployment of wifi systems in various companies.

This market is driven by the simplicity of managing wifi infrastructure and remote troubleshooting. A network manager can remotely resolve problems with wifi infrastructure via a network management interface from a remote location thanks to the cloud-based centralized administration.

The development of smart cities is also on the rise, resulting in an increase in the installation of wifi systems and, as a result, an increase in overall market demand. Small and medium businesses have shown an increased desire for wifi as a service, indicating that this market has a bright future. 

MARKET RESTRAINTS

Data security and system security risks have expanded dramatically with recent technological breakthroughs in the communication technology ecosystem. Customers' sensitive information, such as e-payment transactions, movement, and location. These programs are prone to be hacked. Third-party services are brought upon to troubleshoot and recover data in the event of connectivity issues or system breakdown. Data privacy and security may be jeopardized as a result of this. As a result, these factors are projected to limit the worldwide wifi as a service market's growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Wifi as a Service Market Analysis By Service

The market is divided into Managed Services and Professional Services based on service. Under managed services, the wifi network is outsourced to a competent managed service provider which boosts employee productivity and also provide a positive consumer experience. Wifi as a service offers professional services such as training, support and maintenance, consultation and installation, and more. During the forecast period, the Professional service segment is expected to dominate the market.

Global Wifi as a Service Market Analysis By Solution

The Wifi as a Service market is bifurcated into Wireless Local Area Network (WLAN) Controllers and Access Points based on the Solution. WLAN is a wireless computer network that helps connect two or more devices to form a local network within a defined area, such as a school, home, or business building, utilizing wireless communication. In an office or a building, an access point is a device that forms a Wireless Local Area Network. An ethernet cable is used to connect to a wired router, switch, or hub to create a wifi signal. Under the solution category, the access point segment is predicted to have the largest market share.

Global Wifi as a Service Market Analysis By Vertical

The Wifi as a Service market is bifurcated into Government and Public Sector, Transportation and Logistics Service Providers, BFSI, Manufacturing, and Others based on the Vertical. Infrastructures in the government and public domain contain important data. Wifi as a service can be used to build a specialized network for government proceedings alone, resulting in a more effective and efficient communication route. The ability to access wifi from a remote place thanks to cloud deployment is a helpful feature for the transportation and logistics industry.

On a Wi-Fi network, service providers can distribute client feedback forms and conduct CRM on a broad scale. Wifi, as a service that permits the movement of funds from one account to another, supports a variety of digital transactions. Wifi is a service that is used to count raw materials and build communication routes between different industrial divisions.

REGIONAL ANALYSIS

The global market for wifi as a service is led by North America. The wifi as a service industry is driven by significant technological advancements and well-established infrastructure in the region. Furthermore, the region's wifi as a service market share is growing due to increased numbers of wifi users and early adoption of advanced IoT and artificial intelligence (AI) technologies.

However, due to a boom in enterprise networking, strong economic growth, mushrooming SMBs, development in enterprise IT infrastructure, and large-scale outsourcing of BPO/KPO operations in countries like India, China, and Malaysia, the Asia Pacific market will grow at the fastest rate during the forecast period.

From 2023 to 2028, the European wifi market is predicted to increase significantly. The European Union's continuous attempts to boost the six Wi-Fi deployments in the region are to blame for the increased regional demand. According to reports, the European Union will free up 480 MHz spectra in the 6 GHz band to deploy wireless network systems in July 2021. It is part of the European Union's plan to improve digital connectivity in Europe by installing wifi 6e technology. The Wi-Fi Alliance stated that it would continue to collaborate with the European Union on creating spectrum availability and the regulatory framework needed to sustain Europe's six Wi-Fi ecosystems.

During the forecast period, the Middle East and Africa (MEA) wifi as a Service (WaaS) market will grow at the rate of 26.6 percent. Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) savings using as service models, as well as the expanding Internet of Things (IoT) connection across companies, are the primary reasons driving the growth of the MEA wifi as a service market.

KEY PLAYERS IN THE GLOBAL WIFI AS A SERVICE MARKET

• Cisco
• Huawei Technologies Co. 
• CommScope Inc. 
• Aruba – a Hewlett Packard Enterprise Company 
• Extreme Networks 
• Singtel 
• Rogers Communication 
• ADTRAN 
• Tata Communications 
• Axians

RECENT HAPPENINGS IN THE GLOBAL WIFI AS A SERVICE MARKET

• Google's new wifi service broadens coverage but depletes your data allowance.
• The experimental Orion wifi initiative, launched by Google's Area 120 incubator in 2020, allows public venues to sell wifi capacity to cellular carriers. Now, using this technology, Google Fi has secretly launched the W+ network of wifi hotspots.
• In Sussex County, Delaware, Glo Fiber will establish a fiber network.
• Glo Fiber plans to provide all-fiber high-speed internet to over 21,000 homes and businesses in the county. This will be Glo Fiber's first project in Delaware as part of its plan to expand its fiber-based network and services to Mid-Atlantic cities. Glo Fiber, which uses Wi-Fi six technology, offers gigabit internet, streaming TV, phone service in the Mid-Atlantic region, and optional Wi-Fi.

DETAILED SEGMENTATION OF THE GLOBAL WIFI AS A SERVICE MARKET INCLUDED IN THIS REPORT

This research report on the global wifi as a service market has been segmented and sub-segmented based on the service, solution, vertical, and region.

By Service

• Managed Services 
• Professional Services

By Solution

• Wireless Local Area Network (WLAN) Controllers
• Access Points

By Vertical

• Government and Public Sector
• Transport and Logistics
• Service Providers
• BFSI
• Manufacturing 
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa