DUBLIN--(BUSINESS WIRE)--The "WiFi as a Service Market by Service (Professional Services and Managed Services), Solution, Organization Size (Small and Medium Enterprises and Large Enterprises), Vertical (Education, Retail, Travel, Hospitality), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The WiFi as a service market is projected to grow from 2.1 billion in 2018 to USD 6.1 billion by 2023, at a CAGR of 23.8% from 2018 to 2023.
Reduction in the cost of ownership of WiFi infrastructure for organizations, development of smart cities, and increased demand for high-speed and widespread network coverage are factors fueling the growth of the market across the globe. However, cloud connectivity failure and data security issues are expected to hinder the growth of the WiFi as a service market during the forecast period.
Based on service, the managed services segment is expected to lead the WiFi as a service market from 2018 to 2023.
The managed services segment is estimated to account for a larger share of WiFi as a service market as compared to the professional services segment from 2018 to 2023. Enterprises opt for managed services to overcome the challenges of budget constraints and technical expertise as managed service providers have skilled human resources, infrastructure, and industry certifications. They offer services to monitor and manage hardware devices and manage the availability and performance of networks. They also ensure smooth operations and security of networks.
Based on organization size, the small and medium enterprises segment of the WiFi as a service market is projected to grow at a higher rate than the large enterprises segment during the forecast period.
The small and medium enterprises segment of the WiFi as a service market is projected to grow at a higher rate than the large enterprises segment from 2018 to 2023. Maximum productivity and reduced operational costs are the crucial factors for small and medium enterprises as they have limited budgets. Small and medium enterprises face several challenges in terms of capital, skills, scalability, and management control.
Hence, these organizations require cost-effective solutions that can help them optimize their business processes. This leads to an increased demand for WiFi as a service from small and medium enterprises operating in the retail, education, travel and hospitality, and healthcare and life sciences verticals across the globe.
The Asia Pacific WiFi as a service market is projected to grow at the highest CAGR from 2018 to 2023.
The Asia Pacific WiFi as a service market is projected to grow at the highest CAGR during the forecast period. The growth of the market in this region can be attributed to the ongoing digitalization in various industries such as retail, education, and transportation and logistics and increased requirement for managed IT services in the region.
Moreover, as broadband and mobile infrastructures are improving in the Asia Pacific region, the mobile workforce and BYOD trends are also gaining momentum. These trends in the Asia Pacific region are also leading to the increased adoption of WiFi technology, which is expected to fuel the growth of the Asia Pacific WiFi as a service market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1.1 Attractive Opportunities in the WiFi as a Service Market
4.1.2 North America WiFi as a Service Market, By Service and Country
4.1.3 WiFi as a Service Market: Major Countries
5 Market Overview and Industry Trends
5.1.1 Market Dynamics
18.104.22.168 Reduction in the Cost of Ownership of Infrastructure for Organizations
22.214.171.124 Increased Demand for High-Speed and Widespread Network Coverage
126.96.36.199 Ease of WiFi Infrastructure Management and Its Remote Troubleshooting
188.8.131.52 Quick Deployment of Networks and End-To-End Value Chain Visibility Offered to Organizations
184.108.40.206 Development of Smart Cities
220.127.116.11 Cloud Connectivity Failure and Data Security Issues
18.104.22.168 Emergence of 802.11ax Standard
22.214.171.124 Increased Demand for WiFi as a Service in Small and Medium and Distributed Enterprises
126.96.36.199 Adoption of BYOD and Increased Influx of Mobile Devices at Workplaces
188.8.131.52 Data Security and Privacy Concerns
184.108.40.206 Lack of Skilled Personnel
5.1.6 Industry Trends
5.1.8 Value Chain Analysis
5.1.9 Case Studies/Use Cases
220.127.116.11 Case Study 1: Deployment of Telstra Air Public Wi-Fi Service to Improve the Community Engagement in the City of Kingston
18.104.22.168 Case Study 2: Chuze Fitness Uses Ruckus Cloud Wi-Fi to Enhance Its Business
22.214.171.124 Case Study 3: St. Luke Catholic School Deployed ADTRAN Procloud Wi-Fi to Enrich the Student Learning Experience
126.96.36.199 Case Study 4: Caribbean Resort Uses ADTRAN Procloud Wi-Fi to Update Its Wireless Network
188.8.131.52 Case Study 5: the University of Cambridge Using Aruba Wi-Fi and Airwave to Create City-Wide Network Access
6 WiFi as a Service Market, By Service
6.1.2 Professional Services
184.108.40.206 Use the Latest Techniques, Comprehensive Strategies, and Skills to Ensure Security of Data of Enterprises and Clients Against Cyber-Attacks
220.127.116.11 Advisory and Implementation
18.104.22.168.1 Advisory and Implementation Services Provide It Architecture Related Guidance to Organizations
22.214.171.124 Support and Maintenance
126.96.36.199.1 Support and Maintenance Services Support the Deployment and Use of WiFi as a Service
188.8.131.52.1 Training Services Enable Enterprises to Properly Design, Deploy, Administer, and Troubleshoot WiFi Services
6.1.3 Managed Services
184.108.40.206 Enterprises Opt for Managed Services to Overcome the Challenges of Budget Constraints and Technical Expertise
7 WiFi as a Service Market, By Solution
7.1.2 Access Points
7.1.3 WLAN Controllers
7.1.4 Wireless Hotspot Gateways
8 WiFi as a Service Market, By Organization Size
8.1.2 Large Enterprises
8.1.3 WiFi as a Service Enables Large Enterprises to Understand the Real-Time Data Flow Across Different Departments
8.1.4 Small and Medium Enterprises
8.1.5 Increased Adoption of WiFi as a Service in Small and Medium Enterprises to Ensure the Security of Their Networks and Quality of Their Services
9 WiFi as a Service Market, By Vertical
9.2.1 Educational Institutions Provide Cloud-Based WiFi Services to Their Students and Teachers to Access Crucial Information From Remote Locations
9.3.1 Retailers are Using Cloud-Based Technologies to Enhance Customer Experience and Gain Unparalleled Levels of Business Insights
9.4 Travel and Hospitality
9.4.1 Increased Deployment of WiFi as a Service in the Travel and Hospitality Vertical for Reliable, Cost-Effective, and Centrally Managed Networking
9.5 Healthcare and Life Sciences
9.5.1 Advancements in Cloud-Based Technology to Provide Cost-Efficient and Reliable Cloud Managed WiFi Services to Healthcare Providers
9.6.1 Requirement for Innovative Technologies to Tackle the Connectivity Problems With Limited It Resources in the Manufacturing Industry
9.7 Banking, Financial Services, and Insurance (BFSI)
9.7.1 BFSI Vertical Uses WiFi as a Service for Sharing Critical Information
9.8 IT and Telecom
9.8.1 Cloud Managed WiFi Services Ensure Optimum Utilization of Resources Along With Customer Satisfaction
9.9 Transportation and Logistics
9.9.1 Development of Intelligent Transportation Solutions and Services has Led to an Increased Demand for Cloud Managed WiFi Services
9.10 Government and Public Sector
9.10.1 Cloud Managed WiFi Services Have Become Necessary for Government Agencies Due to Improved Agility of Data Sharing Offered By Them
10 Regional Analysis
11 Competitive Landscape
11.1 Microquadrant Overview
11.2 Market Ranking for the WiFi as a Service Market, 2018
11.3 Competitive Benchmarking
12 Company Profiles
- Aerohive Networks
- Alcatel-Lucent Enterprise (ALE) International
- Allied Telesis
- Arista Networks
- Cisco Systems
- D-Link Corporation
- Edgecore Networks
- Extreme Networks
- Huawei Technologies Co.
- LANCOM Systems
- Mist Systems
- Riverbed Technology
- Rogers Communications
- Telstra Corporation
- Ubiquiti Networks
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