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(Wireless-NewsWire.Com, May 24, 2018 ) The Wi-Fi as a Service market is expected to grow from USD 1.18 Billion in 2016 to USD 5.94 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 38.1% during the forecast period. Growing demand for centralized management and remote troubleshooting and increasing need for low capital expenditure and total cost of ownership has led to the increased demand for Wi-Fi as a Service.
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The Wi-Fi as a Service market has been segmented based on service type, user location, organization size, industry vertical, and region. The Wi-Fi as a Service analytics in service type segment is expected to grow at the highest CAGR during the forecast period, while network planning and designing in service type segment is projected to have the largest market size in 2016 in the market. The demand for Wi-Fi as a Service analytics is increasing among enterprises due to increasing need for improved decision-making, optimizing internal business process, increasing operational efficiency, and gaining competitive advantage in the market. Network planning and designing services are the core of Wi-Fi as a Service ecosystem as it deals with deciding the type of wireless network required, according to the area and customer requirements.
The outdoor user location is expected to grow at the highest CAGR during the forecast period. Outdoor user locations include citywide deployments and deployments in airlines, railways, and other means of transport which enables end-users to stay connected from multiple locations from their smart devices thereby fuelling the demand for Wi-Fi as a service for outdoor user location. Indoor user location is estimated to have the largest market size in 2016 owing to the large number of deployments in the education institutions, retail mall, and hospitality sector.
The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the Wi-Fi as a Service market during the forecast period and is also estimated to have the largest market size in 2016. To overcome the challenges of low IT budgets, labor, scalability, and management control, SMEs are increasingly adopting Wi-Fi as a Service which offers a subscription-based pricing structure and offers centralized management capabilities, reliability, scalability, cost-effectiveness, remote troubleshooting, increased agility, and increased efficiency.
The transportation and logistics sector is expected to grow at the highest rate in the Wi-Fi as a Service market during the forecast period. Wi-Fi for transportation, especially in mass transits, is turning out to be very useful and encouraged people to use mass transit rather than increasing automobile traffic on road by using private vehicles. The education sector is estimated to have the largest market size in 2016 owing to the increased usage of smart devices and large number of educational institutions moving to e-learning and smart education.
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North America is expected to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is expected to grow at the highest CAGR from 2016 to 2021, in the Wi-Fi as a Service market. Factors such as rising need for centralized management system, reduced total cost of ownership and increasing need for connectivity with the proliferation of BYOD policy, would also drive the demand for market, globally.
The adoption of Wi-Fi as a Service is increasing in the market owing to the growing need of connectivity with rising mobile workforce. However, cloud connectivity failure may hamper business-critical functions. Any failure in cloud computing services leads to overall failure of operation in the organization. The failure in business-critical functions in enterprise may lead to heavy losses. Thus, cloud connectivity failure is a barrier to the adoption of Wi-Fi as a Service for business-critical functions.
The major vendors in the Wi-Fi as a Service market include Cisco systems, Inc. (Cisco Meraki) (San Jose, California, U.S), Rogers Communications Inc. (Toronto, Canada), Ruckus Wireless, Inc., A BROCADE COMPANY (California, U.S.), Singapore Telecommunications Limited (Singtel)(Singapore), Telstra Corporation Limited (Melbourne, Australia), ViaSat Inc.(California U.S.), ADTRAN, INC. (Huntsville, Alabama, U.S.), Aerohive Networks, Inc. (California, U.S.), Aruba, a Hewlett Packard Enterprise Company (Sunnyvale, California, U.S.), BigAir Group Limited (Sydney, Australia), Fujitsu Limited (Tokyo, Japan), iPass Inc. (Silicon Valley, U.S.), Mojo Networks, Inc. (California, U.S.), and Zebra Technologies Corporation (Lincolnshire, Illinois, U.S.). These players have adopted various strategies such as new product development, mergers & acquisitions, and business expansions to cater to the Wi-Fi as a Service market.
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