Wi-Fi technology offers higher bandwidth, enables multiple users to connect to a WAN and LAN, and does away with the need for wires. The Wi-Fi as a Service market is predicted to have a good outlook in the approaching years due to the increased deployment of home area networks and local area networks (LANs) such as WLAN and Wi-Fi.
The Global Wi-Fi as a Service Market growing at a compound annual growth rate (CAGR) of ~20% over the projection period from 2021 to 2027.
Over the past two decades, the demand for fast internet has tripled, and in the years to come, it is anticipated to continue to expand by double digits.
By moving network administration to the cloud, SMEs can obtain wireless internet services at a low cost and without any technical knowledge. Wi-Fi as a Service has become more accessible to MSPs and VARs because of the cloud management concept.
The rise in smart devices and smartphones, which depend on Wi-Fi for better connectivity, represents the expanding market opportunity for Wi-Fi solutions. In the following years, it's anticipated that the number of mobile subscribers would dramatically increase. Globally, 4.2 billion individuals were mobile internet subscribers as of 2021.
With Wi-Fi 6, service providers may remotely check the service level of their clients and continuously monitor the functionality of their Customer Premises Equipment (CPE).
Due to rising data consumption by numerous commercial applications, large organizations are anticipated to demand high-quality Wi-Fi services in the next years. It is anticipated that WiFi as a Service (WaaS) service providers across the globe would grab this chance by providing Wi-Fi 6 technology based WaaS solutions.
The economies of the North America region are strong and stable, and they are investing more money in R&D projects to create cutting-edge technologies. Together with large corporations, the region's SMEs also use WaaS, which helps the North America WaaS market expand. Wi-Fi as a Service has a very open market in North America.
Original Source:- Wifi As A Service Market
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