The global Wi-fi as a service market size to grow from USD 4.0 Billion in 2021 to USD 10.1 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.1% during the forecast period. The presence of various key players in the ecosystem has led to a competitive and diverse market, according to Research and Markets.
WaaS has been increasingly pervasive in enterprises across the world. Enterprises are looking for cost-effective and secure Wi-Fi services, which help employees become more productive and efficient while working on mobile devices.
The WaaS model has demonstrated significant benefits to businesses regarding cost and network management. Moreover, the as-a-service model helps businesses offload their mobile traffic over WLAN networks. The increase of cloud, collaboration, enterprise mobile, and analytics in business has forced enterprises to revive their business strategies by adopting value-based services.
SMEs are expected to hold a larger market share during the forecast period
By Organisation size, SMEs are expected to hold the largest market size. The demand for WaaS is high in Small and Medium Enterprises to ensure the security for their networks and the quality of their services. Different companies offer several new Wi-Fi management platforms for Small and Medium Enterprises. For instance, in December 2018, Linksys announced the launch of Linksys cloud manager, a cloud-hosted Wi-Fi management platform built for small and medium business environments to reduce their overall hardware and software installation costs and enhance their operational efficiency. In September 2017, Aruba launched an SME Wi-Fi system, allowing Small and Medium Enterprises or their channel partners to deploy and manage Wi-Fi using mobile devices rapidly.
Outdoor segment is expected to have a higher growth rate during the forecast period
By Location Type, outdoor segment is expected to have a higher growth rate. The outdoor Wi-Fi is simply when Wi-Fi access is provided outside of a building. It is used as an extension of an organization’s internal wireless LAN network to give users a continuous Wi-Fi service. It is used in scenarios for outdoor areas of a school, college, university, holiday park, hospital, hotel, or shopping center. The outdoor deployment type refers to the implementation of access points in outdoor environments. access points are deployed mostly in public venues, stadiums, and shopping malls in this deployment type. This deployment type is useful in high-density areas and crowded places, wherein there are many Wi-Fi users. The deployment of access points in outdoor environments extends in-building network coverage to unpenetrated areas and allows Wi-Fi users to access business applications and network resources from any location.