The Wi-Fi as a Service market is projected to reach USD 31.52 billion by 2032

From GlobeNewswire: 2024-12-05 09:00:00

The Wi-Fi as a Service (WaaS) market is projected to grow at a CAGR of 20.42% from 2024 to 2032, reaching USD 31.52 billion by 2032. The increasing demand for seamless connectivity is driving businesses, educational institutions, and public sectors to adopt WaaS solutions, avoiding large capital expenditures and benefiting from cloud elasticity. The market growth is fueled by the rising number of IoT devices and the adoption of cloud computing.

The adoption of 5G technology is a key factor in driving the growth of the WaaS market, as it complements WaaS offerings by providing higher bandwidth and lower latency for enterprise networks. The increasing need for remote work, hybrid working models, and e-learning has also boosted the demand for stable Wi-Fi solutions.

The North America region led the Wi-Fi as a Service market in 2023, accounting for 37% of the market share. The region’s rapid adoption of advanced technologies like cloud computing, IoT, and 5G has driven the demand for scalable and reliable wireless solutions. Major players in the market include Cisco, Aruba Networks, and Extreme Networks. The Asia-Pacific region is seeing rapid growth in WaaS solutions due to government initiatives and IoT expansion in industries like retail and healthcare. Cisco and Aruba Networks have recently launched advanced WaaS platforms. Countries like China and India are investing in smart city infrastructure, driving demand for reliable connectivity.

SNS Insider offers consulting services like Go To Market Assessment and Competitive Benchmarking for the Wi-Fi as a Service market. Their aim is to provide clients with up-to-date market data and insights to make informed decisions. With a focus on global market research, they use various techniques like surveys and focus groups to gather accurate information.



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