Massive market for WiFi as a Service Industry 2021

 The WiFi as a service market is projected to grow from USD 3.4 billion in 2020 to USD 8.4 billion by 2025, at a CAGR of 19.8% from 2020 to 2025. 

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Reduction in the cost of ownership of WiFi infrastructure for organizations, development of smart cities, increased demand for high-speed and widespread network coverage, and quick deployment of networks and end-to-end value chain visibility offered to organizations are factors fueling the growth of the market across the globe. Cloud connectivity failure and data security issues are factors expected to restrain the growth of the WiFi as a service market during the forecast period.

WaaS is an internet access service managed from the cloud. Presently, various business functions such as marketing, R&D activities, and manufacturing are carried out through the cloud, thereby making operations and management of these functionalities and related data easy. Any failure in cloud computing services leads to overall failure of operations in organizations, thereby impacting the business-critical functions. Cloud connectivity failure can also affect certain management and control functions in remote networks. Thus, cloud connectivity failure and data security issues act as restraints for the growth of the WaaS market.