Wi-Fi as a Service Market is Projected to grow at a CAGR of 38.1% from 2016 to 2021

in wi-fi •  2 years ago 

“Factors such as growing demand for low capital expenditure, reduced total cost of ownership, centralized management, and remote troubleshooting are driving the Wi-Fi as a Service market.”
The Wi-Fi as a Service market size is estimated to grow from USD 1.18 billion in 2016 to USD 5.94 billion by 2021, at a CAGR of 38.1%. The market is driven by factors such as low CAPEX and total cost of ownership, ease of management and remote troubleshooting, faster deployment, and end-to-end visibility. However, cloud connectivity failure that may hamper business-critical functions is acting as a restraint that is hindering the growth of Wi-Fi as a Service adoption.

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“Network planning and designing is expected to have the largest market share in 2016.”
The network planning and designing service is an important part of the Wi-Fi as a Service ecosystem. In the Wi-Fi as a Service market space, this service is outsourced from the vendors and thus saves the organizational cost to hire network engineers for this service. The network engineers have to compare and evaluate the technical requirements and also need to decide on the type of wireless network required, according to the area and customer requirements.

“Outdoor user location is expected to grow at the highest rate during the forecast period.”
Outdoor user location includes deployments in an open space with large coverage area such as public places, citywide deployment, transportation sector, and others. The outdoor user location segment is expected to grow significantly during the forecast period due to easy network connectivity for the users from remote location and any smart device. The rising need for Wi-Fi as a Service in the transportation sector helps people stay connected on their way travelling from one place to another.

“Asia-Pacific (APAC) projected to grow at the highest CAGR.”
North America is expected to hold the largest market share in 2016, while APAC is the fastest-growing region in terms of CAGR. Due to rapid digital transformation in this region, the need for managed IT services is increasing. Further, as broadband and mobile infrastructure is improving in this region, the mobile workforce and BYOD trend is also gaining momentum. Moreover, cloud emergence and mandatory government regulations are simultaneously helping in boosting the growth of the Wi-Fi as a Service market in the region.

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The break-up of profiles of primary participants is given below as:
• By Company: Tier 1 – 36%, Tier 2 – 40%, and Tier 3 – 24%
• By Designation: C level – 44%, Director level – 37%, Others – 19%
• By Region: North America – 49%, Europe – 30%, APAC – 14%, ROW- 7%

The various key Wi-Fi as a Service providers profiled in the report are as follows:

  1. Cisco systems, Inc. (Cisco Meraki) (San Jose, California, U.S)
  2. Rogers Communications Inc. (Toronto, Canada)
  3. Ruckus Wireless, Inc., A BROCADE COMPANY (California, U.S.)
  4. Singapore Telecommunications Limited (Singtel)(Singapore)
  5. Telstra Corporation Limited (Melbourne, Australia)
  6. ViaSat Inc. (California U.S.)
  7. ADTRAN, INC. (Huntsville, Alabama, U.S.)
  8. Aerohive Networks, Inc. (California, U.S.)
  9. Aruba, a Hewlett Packard Enterprise Company (Sunnyvale, California, U.S.)
  10. BigAir Group Limited (Sydney, Australia)
  11. Fujitsu Limited (Tokyo, Japan)
  12. iPass Inc. (Silicon Valley, U.S.)
  13. Mojo Networks, Inc. (California, U.S.)
  14. Zebra Technologies Corporation (Lincolnshire, Illinois, U.S.).

Related Report:
Global Wi-Fi Market by Business (Model Indoor Wi-Fi Outdoor Wi-Fi Transportation Wi-Fi) Product (Access Points WLAN Controllers Wireless Hotspot Gateways Others) Service Vertical Region- Global Forecast to 2020
The term Wi-Fi is elaborated as Wireless Fidelity. Wi-Fi is the Institute of Electrical and Electronics Engineers (IEEE)’s standard for Wireless Local Area Networks (WLAN). The Wi-Fi Alliance sets the standards of all the wireless products and services in coordination with IEEE. The global Wi-Fi market ecosystem encompasses industry players offering products, services, wireless equipment providers, third-party application vendors, and network integrators. Prominent players in the Wi-Fi market space are Cisco Systems, Inc., Juniper, Alcatel-Lucent, Ruckus Wireless, Ericsson, and Netgear, among others. These companies play a critical role in expanding Wi-Fi connectivity and address the need of strong and mountable network. The evolution of Wi-Fi started in the late 1990s and is still in process. Over time, the IEEE standards have also evolved from 802.11 to 802.11ac. Wi-Fi has increased the speed of wireless connectivity. Still, there are developments and upgradations going on which will offer better efficiency and higher speed to the users.
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