Global Wi-Fi as a Service Market Size, Share & Trends | 2030
The global Wi-Fi as a service (WaaS) market size is expected to reach USD 15.56 billion by 2030, growing at a CAGR of 19.6% during the forecast period. The growth of the market is attributed to the increasing adoption of cloud-based services for Wi-Fi infrastructure management and remote troubleshooting.
Drivers
Growing adoption of cloud-based services: The increasing adoption of cloud-based services for Wi-Fi infrastructure management and remote troubleshooting is one of the major drivers of the WaaS market. Cloud-based services offer a number of benefits, such as scalability, flexibility, and cost-effectiveness. These services allow businesses to easily scale their Wi-Fi networks as their needs grow. They also provide businesses with the ability to manage their Wi-Fi networks remotely, which can save them time and money.
Increasing demand for high-speed wireless connectivity: The increasing demand for high-speed wireless connectivity is another major driver of the WaaS market. The growing number of connected devices, such as smartphones, tablets, and laptops, is driving the demand for high-speed wireless connectivity. WaaS solutions can help businesses to provide their employees and customers with high-speed wireless connectivity.
Government regulations: Government regulations are also driving the adoption of WaaS solutions. For example, the European Union has mandated that all public places, such as airports, train stations, and libraries, must provide free Wi-Fi access. This mandate is driving the adoption of WaaS solutions by businesses in these industries.
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Challenges
High initial cost: The high initial cost of WaaS solutions is a major challenge for businesses. The cost of purchasing and installing Wi-Fi equipment can be prohibitive for small and medium-sized businesses.
Security concerns: Security concerns are another major challenge for the WaaS market. Businesses are concerned about the security of their data when it is stored on a third-party cloud platform.
Opportunities
Rise of the Internet of Things: The rise of the Internet of Things (IoT) is creating new opportunities for the WaaS market. IoT devices generate a large amount of data, which needs to be processed and analyzed. WaaS solutions can help businesses to collect, process, and analyze IoT data.
Development of new technologies: The development of new technologies, such as 5G and Wi-Fi 6, is creating new opportunities for the WaaS market. These technologies will enable businesses to provide their employees and customers with even faster and more reliable wireless connectivity.
Segmentation
The global WaaS market is segmented by deployment type, end-user, and region.
By deployment type: The market is segmented into on-premises and cloud-based. The cloud-based segment is expected to grow at a faster rate during the forecast period. Cloud-based WaaS solutions offer a number of benefits, such as scalability, flexibility, and cost-effectiveness.
By end-user: The market is segmented into small and medium-sized businesses (SMBs) and large enterprises. The SMB segment is expected to grow at a faster rate during the forecast period. SMBs are increasingly adopting WaaS solutions to improve their Wi-Fi networks.
By region: The market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is the largest market for WaaS. The market in Asia Pacific is expected to grow at the fastest rate during the forecast period.
Key Players
Some of the key players in the global WaaS market are:
Aruba Networks
Cisco Systems
Ruckus Wireless
Verizon
Wi-Fi Alliance
Conclusion
The global WaaS market is expected to grow at a significant rate during the forecast period. The growth of the market is driven by the increasing adoption of cloud-based services for Wi-Fi infrastructure management and remote troubleshooting. The market is also driven by the increasing demand for high-speed wireless connectivity and government regulations.
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