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Wi-Fi as a Service Market size was valued at US$ 10.6 Bn. in 2021 and the total WiFi revenue is expected to grow at 16.5 % from 2022 to 2029, reaching nearly US$ 35.97 Bn.
Wi-Fi as a Service Market Overview:
The Wi-Fi as a Service market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Wi-Fi as a Service r Market, as well as the reasons for variations in the industry's growth across a number of sectors.
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation:
Wi-Fi 6 gained 50% market penetration more rapidly than prior Wi-Fi generations, owing to increased demand for high-quality Wi-Fi and more efficient, dependable connection in phones, tablets, and access points (AP). Moreover, higher speed, reduced latency, and increased power efficiency enable Wi-Fi 6 to meet the various demands of IoT in unprecedented ways. The increased availability of 6 GHz worldwide, together with Wi-Fi 6E interoperability certification, laid the groundwork for a diversified Wi-Fi 6E ecosystem, with over 350 million Wi-Fi 6E devices expected to enter the market by 2022. Wi-Fi 6 and Wi-Fi 6E will become increasingly ubiquitous in daily life in 2022, both in households and in businesses. And hence, it's expected to drive the market during the forecast period.
The proliferation of interconnected gadgets has been called "The Internet of Things"; a network of virtually any object endowed with a wireless connection. Although this notion is not new, a new generation of technology is developing that will significantly alter lives. Home gadgets such as refrigerators, kettles, and printers that can automatically restock goods, boil water on demand, or purchase new ink are already available. The idea of a link, a "modern house" may appear futuristic, yet it is already becoming a part of life. As the adoption curve follows its arc, we anticipate that daily life will alter dramatically as this new technology becomes more widespread and its benefits are more precedent. WiFi will be the conduit for this transformation because it is the default option for meeting the greater bandwidth requirements of this next-generation technology.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Wi-Fi as a Service r market are as follows:
• Panasonic
• Huawei
• Juniper Networks
• Extreme Networks
• Fortinet
• D-Link
• Broadcom
• Airtel
• Orange Business Services
• Comcast Business
• Vodafone
• Telstra
• Fujitsu
• AT&T
• Lever Technology Group
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Wi-Fi as a Service r market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Wi-Fi as a Service Market:
End-user industries where Wi-Fi as a Service r are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Wi-Fi as a Service r manufacturers, affecting the Wi-Fi as a Service r market's growth in 2020. End-user business demand for Wi-Fi as a Service r has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Wi-Fi as a Service Market Report are:
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