Wi-Fi is usually a cloud-based system, which is witnessing a high demand as a service due to greater penetration of the internet. It comprises radiofrequency to provide network connectivity across the globe. A Wi-Fi as a service is provided through a wireless connector to provide a small internet hub called hotspot in an area that has wireless router. Thus, they have network connectivity and internet access. Wi-Fi as a service market is built on the wireless connectivity and amount of data on the network by generating frequencies among 2.4 GHz and 5GHz. Wi-Fi as a service provides the companies with restricted IT resources to provide its customers and employees a fast, protected, and dependable wireless LAN access at multiple location.
Some of the key factors boosting the growth of the global Wi-Fi as a service market are precise total ownership expenses, reduced capital spending, remote troubleshooting, and need for centralized management. The service also provides quicker placement and end-to-end prominence. With the rising adoption of Wi-Fi as a service, the market is foreseen to experience a global growth in the forecast period, especially in SMEs. The option is best suited for office relocation and provisional locations.
The demand in the global Wi-Fi as a service market is fueled by the outbreak of COVID-19 pandemic. In several nations, the government has imposed a strict work from home policy and strict lockdown that is driving the market demand across the world for Wi-Fi as a service. This has resulted in the uninterrupted revenue generation and seamless working of the companies.
The global Wi-Fi as a service market is broadly classified into application, product type, and region. Based on product type, the global market is segmented into maintenance & support, Wi-Fi as a service analytics, cloud access point, network planning & design, and others. On the basis of application, the market is divided into manufacturing, healthcare & life science, public & government sector, education, retail & consumer goods, BFSI, and others.
Geographically, the global Wi-Fi as a service market is led by North America. This is credited to the leading players that are based in the region, contributing to the highest market share. Some of the players in the region are Extreme Networks, Cisco, and Aruba. In addition, rising adoption of technological advancements and increased ICT spending are also driving the regional growth. Moreover, the region is widely adopting smart city projects and IoT fueling the demand all over.
Some of the major players operating in the global Wi-Fi as a service market are Huawei Technologies Co., Cisco Systems, Singtel, Fujitsu, Viasat, Inc., Commscope, Arista Networks, Inc., Extreme Networks, Pareteum Corporation, Telstra Corporation, and others. To cite, the government of India under the policy of National Digital Communications has targeted the installment of 10 million Wi-Fi hotspots in public areas by the end of 2022.