Transforming Business Connectivity The Impact of Wi-Fi as a Service on the Future of Networking

Wi-Fi technology provides greater bandwidth, eliminates the need for wires, and allows multiple users to connect to a WAN and LAN. The rising deployment of home area networks and local area networks (LANs), including WLAN and Wi-Fi, is expected to favor the Wi-Fi as a Service Market in the coming years.

The demand for fast internet has tripled over the previous two decades, and in the years to come, it is predicted to grow by double digits. Small and medium-sized businesses (SMEs) can get wireless internet services for a reasonable price and without any technical expertise by shifting network administration to the cloud. The idea of cloud management has made Wi-Fi as a Service more accessible to MSPs and VARs. Thus, these types of services create a positive influence on the global WiFi as a service market. According to a research report by Astute Analytica the Global Wi-Fi as a Service Market is likely to grow at a compound annual growth rate (CAGR) of ~20% over the projection period from 2021 to 2027.

Factors Affecting the Market Growth

The expansion of smart gadgets and smartphones, which depend on Wi-Fi for good connectivity, illustrates the growing market opportunity for Wi-Fi solutions. The number of mobile subscribers is expected to significantly rise in the upcoming years. As of 2021, 4.2 billion people around the world were customers of mobile Internet.
Wi-Fi 6 allows service providers to remotely examine the quality of service being received by their customers and to continuously check the efficiency of their Customer Premises Equipment (CPE). Large organizations are projected to seek high-quality Wi-Fi services in the upcoming years due to the increased data consumption by multiple commercial apps. It is anticipated that Wi-Fi as a Service (WAAS) service providers all over the world would seize this opportunity by offering WAAS solutions based on Wi-Fi 6 technology.

 

Asia-Pacific region Wi-Fi as a service market would expand at a significant rate due to continuous digitalization and the increased need for managed IT services across a range of industries, including retail, manufacturing, telecommunication, hospitality, and others. Additionally, the growing popularity of BYOD in the APAC region which is due to the expansion of mobile and broadband infrastructure is favorably influencing market growth throughout the anticipated time frame.

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Transforming Business Connectivity The Impact of Wi-Fi as a Service on the Future of Networking