DUBLIN--(BUSINESS WIRE)--The "Wi-fi as a service - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Wi-Fi as a Service Market is accounted for $1.46 billion in 2016 and is expected to reach $12.01 billion by 2023 growing at a CAGR of 35.1% during the forecast period.
Rising need for low capital expenses, ease of management and remote troubleshooting and increasing number of medium-sized organizations are some of the key factors propelling the market growth. However, security issues and lack of expertise and skilled personnel are hampering the market growth. Proliferation of BYOD and enterprise mobility will provide ample opportunity for the market to grow.
Wi-Fi as a Service is a huge speed Wi-Fi resolution that is completely influenced by usage of cloud based management systems. Wi-Fi is a technology that practices radio waves to deliver network connectivity. A Wi-Fi connection is recognized using a wireless connecter to produce hotspots areas in the locality of a wireless router that are connected to the network and permit operators to access internet facilities. It allow business through inadequate CapEx or IT resources to give fast, secure, and reliable wireless LAN access over many regions.
By service type, Wi-Fi as a service analytics, it contains two techniques for intelligent business analytics, that is, reporting and analytics. WiFi Analytics has the power and granularity of data to add benefit for retailers, venue owners and customers alike, whilst closing the profitability gap between brick-and-mortar and digital commerce. The requirement for cloud-based reporting and analytics is rising among enterprises attributed to its growing demand for better decision-making, optimizing internal business process, escalating operational efficiency, and expanding competitive advantage in the market.
Asia Pacific is expected to grow at a fastest CAGR during the forecast period due to increasing demand for centralized management system, increasing insistence for Wi-Fi services and rapidly increasing SMBs.
Some of the key players in Wi-Fi as a Service Market include
- Rogers Communications Inc.
- Singapore Telecommunications Limited (Singtel)
- ViaSat Inc.
- Aerohive Networks, Inc.
- Bigair Group Limited
- iPass Inc
- Zebra Technologies Corporation
- Cisco Systems, Inc.
- Telstra Corporation Ltd.
- Aruba, a Hewlett Packard Enterprise Company
- Mojo Networks, Inc.
- Ruckus Wireless, Inc.
- Fujitsu Ltd.,
- ADTRAN Networking India Private Limited
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