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Wi-Fi as a Service Market Predicted to Garner $12.21 Billion by 2027, Claims Allied Market Research

·4-min read

Rise in requisite for low capital expenditure, expediency of Wi-Fi infrastructure management and its remote troubleshooting, and surge in deployment of public Wi-Fi have boosted the growth of the global Wi-Fi as a service market. The market across North America held the largest share in 2019, accounting for nearly two-fifths of the market.

Portland, OR, June 14, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global Wi-Fi as a service industry generated $3.36 billion in 2019, and is projected to garner $12.21 billion by 2027, growing at a CAGR of 17.6% from 2020 to 2027.

Rise in requisite for low capital expenditure, expediency of Wi-Fi infrastructure management and its remote troubleshooting, and surge in deployment of public Wi-Fi have boosted the growth of the global Wi-Fi as a service market. However, security concerns hamper the growth of the market growth. On the contrary, increase in adoption of IoT and surge in demand for Wi-Fi as a service among SMEs would open new opportunities for the market players in the future.

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Impact of Covid-19: (Pre and Post Analysis):

  • Due to the Covid-19 pandemic, several companies adopted the work from home culture. This increased the demand for Wi-Fi services.

  • Moreover, SMEs have increased the demand for economical and reliable wireless connectivity solutions for their organizations. This increased the market growth.

Get detailed COVID-19 impact analysis on the Wi-fi as a Service Market: https://www.alliedmarketresearch.com/request-for-customization/9742?reqfor=covid

The global Wi-Fi as a service market is segmented on the basis of service, location type, enterprise size, industry vertical, and region.

Based on services, the managed services segment is projected to register the highest CAGR of 20.1% during the forecast period. However, the professional services segment held the lion’s share in 2019, contributing to more than two-thirds of the market.

On the basis of location type, the indoor segment is estimated to manifest the highest CAGR of 20.2% during the forecast period. However, the outdoor segment dominated the market in 2019, holding around two-thirds of the market.

The global Wi-Fi as a service market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2019, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 20.5% during the forecast period.

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The global Wi-Fi as a service market includes an in-depth analysis of the prime market players such as Cisco Systems, Huawei Technologies Co., Singtel, Viasat, Inc., Fujitsu, Commscope, Extreme Networks, Arista Networks, Inc., Pareteum Corporation, and Telstra Corporation.

Official Press Release: https://www.alliedmarketresearch.com/press-release/wi-fi-as-a-service-market.html

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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