What Has Been The Historical And Current Growth Of The Wi-Fi as a Service Market?
The wi-fi as a service market has seen considerable growth due to a variety of factors.
• In recent years, there has been a swift expansion in the market size of wi-fi as a service. The market, which is presently valued at $6.57 billion in 2024, is projected to surge to $7.34 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.8%.
Factors such as cost-effectiveness and resource optimization, ability to scale in accordance with growing healthcare demands, regulatory adherence, emphasis on care centered around the patient, and quicker execution and time-to-value have all fueled the growth observed in this historical period.
What Is The Forecast For The Wi-Fi as a Service Market By 2029?
The wi-fi as a service market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of wi-fi as a service is predicted to experience a rapid expansion in the upcoming years. It is forecasted to escalate to $15.01 billion by 2029, with a compound annual growth rate (CAGR) of 19.6%.
This growth in the predicted period is due to factors like initiatives in personalized medicine, constant compliance management, improved user experience and interface, health analytics for the population, attention towards mental health support, and reinforced data governance and ethics. In the same forecasted period, the significant trends are expected to be the shift towards cloud-managed Wi-Fi, the emergence of software-defined networking (sdn) for Wi-Fi, the integration with IoT devices, the use of AI and analytics for network optimization, and the integration of edge computing.
What Are The Essential Drivers Behind The Growth Of The Wi-Fi as a Service Market?
The Wi-Fi as a Service market is poised for growth, spurred on by the increased implementation and acceptance of Wi-Fi systems. Factors such as reduced ownership costs, improved efficiency, enhanced availability, flexibility, and convenience are driving this uptake of Wi-Fi systems. As a result, the necessity for Wi-Fi as a service grows. A Wireless Broadband Alliance (WBA) report anticipates that by 2022, there will be widespread uptake of Wi-Fi 6, with 83% of businesses expressing an interest in its adoption. Consequently, the heightened implementation and acceptance of Wi-Fi systems are set to stimulate the growth of the Wi-Fi as a Service market.
How Is The Global Wi-Fi as a Service Market Divided Into Key Segments?
The Wi-Fi as a service market covered in this report is segmented –
1) By Component: Professional Services, Managed Services
2) By Location Type: Indoor, Outdoor
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End Use Industry: Telecom And IT, BFSI, Education, Healthcare, Hospitality, Transportation, Retail, Other End Users
Subsegments:
1) By Professional Services: Consulting And Design Services, Implementation And Deployment Services, Training Services
2) By Managed Services: Network Management, Monitoring And Support Services, Maintenance And Optimization Services
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What Trends Are Reshaping The Future Of The Growth Rate Market?
Major players in the Wi-Fi as a service market are undertaking the development of tri-band Wi-Fi 7 gateways, aiming to boost network performance, accelerate data speeds, and enhance connectivity for multiple devices. Tri-band Wi-Fi 7 gateways are distinctive networking tools that support three separate frequency bands for wireless interactions, typically including a single 2.4 GHz band and two bands in the 5 GHz or 6 GHz range. These devices are managed through TR-369 and are configured based on open industry norms, which guarantee compatibility with a variety of devices and services. An example was seen in October 2024, when Nokia Oyj, an Indian telecommunications company, unveiled the Beacon 19, a groundbreaking Wi-Fi 7 gateway. This was specifically designed to augment home connectivity by offering high-capacity mesh networking. This device operates on three frequency bands and offers a top Wi-Fi capacity of 19 Gbps, more than triple the speed of Wi-Fi 6 devices. Similar to other tri-band gateways, the Beacon 19 also utilizes TR-369 for management and adheres to open industry standards to assure broad compatibility.
Who Are the Key Players in the Wi-Fi as a Service Market?
Major companies operating in the Wi-Fi as a service market include:
• Arista Networks Inc.
• Hewlett Packard Enterprise Company LP
• Cisco Systems Inc.
• ViaSat Inc.
• Extreme Networks Inc.
• Commscope Inc.
• Aerohive Networks
• Inc
• Mojo Networks
• Inc.
• Fortinet
• Inc.
• Huawei Technologies Co. Ltd.
• Ubiquiti Inc.
• Mist Systems
• Cambium Networks Corporation
• ADTRAN
• Inc.
• D-Link Corporation
• EnGenius Technologies
• Inc.
• Firetide
• Inc.
• Motorola Solutions
• Inc.
• NETGEAR
• Inc.
• Proxim Wireless Corporation
• Redline Communications Group Inc.
• Siemens AG
• SonicWall Inc.
• WatchGuard Technologies Inc.
• Zebra Technologies Corporation
• Zyxel Communications Corporation
• Nokia Corporation
• Allied Telesis
• Inc.
• Avaya Inc.
• Brocade Communications Systems
• Inc.
• Dell Technologies Inc.
What are the Regional Insights into the Wi-Fi as a Service Market?
North America was the largest region in the Wi-Fi as a service market in 2024. The regions covered in the Wi-Fi as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
