Wi-Fi as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Wi-Fi as a Service Market covers analysis by Service (Design & Configuration, Network Implementation, Wi-Fi Analytics, and Managed Services), User Location (Indoor and Outdoor), Organization Size (Small & Medium Enterprises and Large Enterprises), Industry (Healthcare, BFSI, Transportation and Logistics, IT, Manufacturing, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPTE100000941
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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The wi-fi as a service market is projected to grow from US$ 3.66 billion in 2021 and it is expected to grow at a CAGR of 19.5% during 2022–2028.

Wi-fi as a service is a fully cloud-based management system that allows organizations with limited IT resources to provide secure, reliable, and fast WLAN access across various locations. Since the deployment of wi-fi as a service is easy and time-efficient as it involves no cable installations, can be managed via a network operating center (NOC), and consequently allows smaller business organizations to attain fast and reliable data networks.

MARKET DYNAMICS
Growing competitiveness, coupled with losses incurred by businesses amid the COVID-19 pandemic, is compelling businesses to reduce their operational costs and focus more on core business activities. Such requirements have been positively impacting wi-fi as a service market growth. With the aid of wi-fi as a service, enterprises can reduce their operational expenditure, as no investment in the purchase and upgrading of IT infrastructure is required. The service also enables enterprises to provide secure and fast wireless local area networks (WLAN) across different locations. Such factors are collectively driving the wi-fi as a service market forward.

MARKET SCOPE
The "Global Wi-fi as a Service Market Analysis to 2028" is a specialized and in-depth study of the market with a special focus on market trend analysis. The report aims to provide an overview of the market with a detailed analysis of market segmentation by service, user location, organization size, and industry. The global market is expected to witness high growth during the forecast period. The report provides key market statistics based on the revenue performances of the leading wi-fi as a service industry players. It also offers mentioned and describes trends and opportunities in the market.

Strategic Insights

MARKET SEGMENTATION
The wi-fi as a service market is segmented on the basis of service, user location, organization size, and industry. On the basis of service, the market is segmented into design & configuration, network implementation, wi-fi analytics, and managed services. Based on user location, the market is bifurcated into indoor and outdoor. On the basis of organization size, the market is segmented into small & medium enterprises and large enterprises. The wi-fi as a service industry, by industry, is segmented into healthcare, BFSI, transportation and logistics, IT, manufacturing, and others.


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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global wi-fi as a service industry based on various segments. It also provides the market size and forecast from 2020 to 2028 with respect to five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The market in each region is further segmented into respective countries and segments. The report entails the analysis and forecast of 18 countries, along with current trends and opportunities prevailing in a particular region.

North America dominated the wi-fi as a service market with ~36% market share in 2021. The dominance of this region in the market is majorly attributed to the presence of several major enterprises from all industry verticals and the operations of a large number of wi-fi as a service market players in the region. A few of the key market players functioning in North America include Cisco Systems, Inc.; CommScope, Inc.; and Juniper Networks Inc. These wi-fi as a service industry players witness continuous demand from various enterprises from all verticals. The following figures showcase the revenue growth trend in the global wi-fi as a service market.

Wi-Fi as a Service Market

Source: The Insight Partners Analysis

The report analyzes factors governing the market from the demand and supply sides, along with evaluating market dynamics, i.e., drivers, restraints, opportunities, and future trends. It also provides exhaustive PEST analysis of the wi-fi as a service market in these regions.

IMPACT OF COVID-19 PANDEMIC

The US, India, Brazil, France, Russia, Turkey, the UK, Argentina, and Colombia were among the worst-affected countries by the COVID-19 pandemic. The global outbreak disrupted industries, including automotive, manufacturing, energy & power, aerospace & defense, and construction, in 2020. Implementing containment measures such as trade bans, travel restrictions, and workforce limitations at workplaces hampered manufacturing, supply, and sales businesses. Such disruptions encouraged the adoption of wi-fi as a service among enterprises, as a part of their cost management measures. Enterprises partnered with wi-fi as a service market players for reducing IT infrastructure costs, while ensuring a reliable WLAN connection throughout all locations. Thus, the COVID-19 pandemic favored the growth of the wi-fi as a service market.

 

World Geography

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MARKET PLAYERS

The reports cover key developments in the wi-fi as a service market organic and inorganic growth strategies. Various companies in the wi-fi as a service market are focusing on organic growth strategies such as product launches and approvals, and patents and events. Inorganic growth strategies witnessed in the market include acquisitions, partnerships, and collaborations. These activities pave the way for the expansion of businesses and clientele. The list of several companies engaged in the wi-fi as a service market is mentioned below.

  • Alcatel-Lucent Enterprise
  • Cisco Systems, Inc.
  • CommScope, Inc.
  • Fortinet, Inc.
  • Fujitsu Ltd.
  • Juniper Networks Inc.
  • Rogers Communications
  • Telstra Corporation
  • Ubiquiti Inc.
  • Viasat Inc.

The report includes the profiles of key wi-fi as a service market companies, along with their SWOT analysis and prominent market strategies. In addition, the company profiles section focuses on information such as components and services offered, financial information of the last 3 years, and key developments in the past 5 years.

The Insight Partner's dedicated research and analysis team consists of experienced professionals having advanced statistical expertise. They offer various customization options in the existing study.


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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Service, User Location, Organization Size, Industry, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

The List of Companies

1. ADTRAN, Inc.
2. Cisco Systems, Inc.
3. CommScope, Inc.
4. Fujitsu Ltd
5. iPass Inc.
6. REDtone International Bhd
7. Rogers Communications
8. Sify Technologies Limited.
9. Singtel
10. Viasat, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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