$8+ Billion Worldwide WiFi as a Service Industry to 2025 - Featuring Viasat, Adtran & Aruba Among Others
DUBLIN, Aug. 5, 2020 /PRNewswire/ -- The "WiFi as a Service Market by Service (Professional Services and Managed Services), Solution, Organization Size (Small and Medium Enterprises and Large Enterprises), Location Type (Indoor and Outdoor), Vertical, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global WaaS market is projected to grow USD 3.39 billion in 2018 to USD 8.36 billion by 2025, at a CAGR 19.8% from 2020 to 2025.
Reduction in the cost of ownership of WiFi infrastructure for organizations is driving the overall growth of the WiFi as a service market.
The small and medium enterprises segment of the WiFi as a service market is projected to grow at a higher rate than the large enterprise segment from 2020 to 2025. Maximum productivity and reduced operational costs are the crucial factors for small and medium enterprises as they have limited budgets. Small and medium enterprises face several challenges in terms of capital, skills, scalability, and management control. Hence, these organizations require cost-effective solutions that can help them optimize their business processes. This leads to an increased demand for WiFi as a service from small and medium enterprises operating in the retail, education, travel and hospitality, and healthcare and life sciences verticals across the globe.
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