DUBLIN--(BUSINESS WIRE)--The "Wi-Fi as a Service Market by Solution (Access Points and WLAN Controllers), Service (Professional and Managed Services), Location Type (Indoor and Outdoor), Organization Size, End users and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global Wi-fi as a service market size to grow from USD 4.0 Billion in 2021 to USD 10.1 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.1% during the forecast period.
The presence of various key players in the ecosystem has led to a competitive and diverse market. WaaS has been increasingly pervasive in enterprises across the world. Enterprises are looking for cost-effective and secure Wi-Fi services, which help employees become more productive and efficient while working on mobile devices.
The WaaS model has demonstrated significant benefits to businesses regarding cost and network management. Moreover, the as-a-service model helps businesses offload their mobile traffic over WLAN networks. The increase of cloud, collaboration, enterprise mobile, and analytics in business has forced enterprises to revive their business strategies by adopting value-based services.
The access point segment to record a larger market share during the forecast period
In the Wi-fi as a service market by Solution, the access point segment is expected to record a larger market share during the forecast period. Access points are used to connect wireless devices, also known as smart devices, to any network for internet connectivity. These points are also known as Wireless Access Points (WAPs).
Outdoor segment is expected to have a higher growth rate during the forecast period
By Location Type, the outdoor segment is expected to have a higher growth rate. This deployment type is useful in high-density areas and crowded places, wherein there are many Wi-Fi users. The deployment of access points in outdoor environments extends in-building network coverage to unpenetrated areas and allows Wi-Fi users to access business applications and network resources from any location.
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