New Study-WiFi as a Service Market to Reach US$ 6.1 Billion Growing at CAGR 23.8% to 2023

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ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global WiFi as a Service Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. WiFi as a Service market spread across 124 Pages, profiling 25 companies and supported with tables and figures.

The WiFi as a Service Market is projected to grow from 2.1 Billion in 2018 to US$ 6.1 Billion by 2023, at a CAGR of 23.8% from 2018 to 2023. Reduction in the cost of ownership of WiFi infrastructure for organizations, development of smart cities, and increased demand for high-speed and widespread network coverage are factors fueling the growth of the market across the globe.

 

“Based on service, the managed services segment is expected to lead the WiFi as a service market from 2018 to 2023.”

The managed services segment is estimated to account for a larger share of WiFi as a service market as compared to the professional services segment from 2018 to 2023. Enterprises opt for managed services to overcome the challenges of budget constraints and technical expertise as managed service providers have skilled human resources, infrastructure, and industry certifications.

 

The Small and Medium Enterprises segment of the WiFi as a service market is projected to grow at a higher rate than the large enterprises segment from 2018 to 2023. Maximum productivity and reduced operational costs are the crucial factors for small and medium enterprises as they have limited budgets. Small and medium enterprises face several challenges in terms of capital, skills, scalability, and management control. Hence, these organizations require cost-effective solutions that can help them optimize their business processes.

 

“The Asia Pacific WiFi as a service market is projected to grow at the highest CAGR from 2018 to 2023.”

The Asia Pacific WiFi as a service market is projected to grow at the highest CAGR during the forecast period. The growth of the market in this region can be attributed to the ongoing digitalization in various industries such as retail, education, and transportation and logistics and increased requirement for managed IT services in the region. Moreover, as broadband and mobile infrastructures are improving in the Asia Pacific region, the mobile workforce and BYOD trends are also gaining momentum.

 

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
  • By Designation: C-level – 38%, D-level – 30%, and Others – 32%
  • By Region: North America – 40%,Europe– 15%, Asia Pacific– 35%, the Middle East and Africa – 5%, and Latin America – 5%

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