The Wi-Fi-as-a-service market is expected to grow from
USD 1.18 billion in 2016 to USD 5.94 billion by 2021, at a CAGR of 38.1 percent over the next 5 years. Growing demand for centralized management and remote troubleshooting and increasing need for low capital expenditure and total cost of ownership has led to the increased demand for
The Wi-Fi-as-a-service analytics in service-type segment is expected to grow at the highest CAGR during 2016 to 2021, while network planning and designing in-service-type segment is projected to have the largest market size in 2016 in the Wi-Fi-as-a-service market.
The outdoor user location is expected to grow at the highest CAGR, predicts Markets and Markets. Outdoor user locations include citywide deployments and deployments in airlines, railways, and other means of transport, which enables end-users to stay connected from multiple locations from their smart devices thereby fuelling the demand for Wi-Fi-as-a-service for outdoor user locations. Indoor user location is estimated to have the largest market size in 2016 owing to the large number of deployments in the educational institutions, retail malls, and hospitality sector. The small and medium enterprises (SMEs) segment is expected to grow at the highest CAGR in the Wi-Fi-as-a-service market and is also estimated to have the largest market size in 2016.
The adoption of Wi-Fi-as-a-service is increasing in the market owing to the growing need for connectivity with the rising mobile workforce. However, cloud connectivity failure may hamper business-critical functions. Any failure in cloud computing services leads to overall failure of operation in the organization. The failure in business-critical functions in enterprise may lead to heavy losses. Thus, cloud connectivity failure is a barrier to the adoption of Wi-Fi-as-a-service for business-critical functions.