WiFi as a Service Market Revenues to expand $6.1 billion by 2023

WiFi as a Service Market

The report WiFi as a Service Market by Service (Professional Services and Managed Services), Solution, Organization Size (Small and Medium Enterprises and Large Enterprises), Vertical (Education, Retail, Travel and Hospitality), Region – Global Forecast to 2023″, WiFi as a service market size is projected to grow from USD 2.1 billion in 2018 to USD 6.1 billion by 2023, at a CAGR of 23.8% during the forecast period.

Reduction in the cost of ownership of WiFi infrastructure for organizations, ease of WiFi infrastructure management and its remote troubleshooting, and quick deployment of networks and end-to-end value chain visibility offered to organizations are factors fueling the growth of the WiFi as a service market across the globe.

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Key Application Virtualization Market Players

Cisco Systems (US), Huawei Technologies Co. (China), ARRIS International (US), Aerohive Networks (US), Singtel (Singapore), Rogers Communications (Canada), Telstra Corporation (Australia), Viasat (US), ADTRAN (US), Aruba (US), Extreme Networks (US), Fujitsu (Japan), Superloop (Australia), iPass (US), Arista Networks (US), Ubiquiti Networks (US), Fortinet (US), Riverbed Technology (US), 4ipnet (Taiwan), Edgecore Networks (Taiwan), Mist Systems (US), ALE International (France), Allied Telesis (Japan), LANCOM Systems (Germany), and D-Link Corporation (Taiwan) are the leading players operating in the WiFi as a service market. These players have adopted various growth strategies such as partnerships, agreements, and collaborations; new product launches and product enhancements; expansions; and acquisitions to expand their presence in the WiFi as a service market. Partnerships, agreements and collaborations, and new product launches and product enhancements have been the most preferred strategies by the major players from January 2016 to January 2019 to innovate their offerings and broaden their customer base.

Cisco Systems is one of the leading vendors of Internet Protocol (IP)-based products and services. The company offers a diverse set of WiFi solutions and services, which include Cisco Meraki Wi-Fi solution, Meraki wireless LAN solution, access points, wireless LAN management, wireless LAN controllers, Cisco Meraki full stack networking services, and managed services. The company functions in a highly dynamic business environment and focuses on product transformations according to market demands.

Huawei Technologies Co. is another top player in the WiFi as a service market. It offers a broad product and service portfolio including Huawei WLAN solution, access controllers, Huawei cloud managed campus network solution, implementation services, and maintenance services. The company focuses on developing R&D centers to offer technologically advanced solutions.

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