The size of the global market for Wi-Fi as a service was USD 1.70 billion in 2020; it is anticipated to increase by USD 2.04 billion in 2021 to USD 8.80 billion in 2028, at a CAGR of 23.2% for the period of 2021 to 2028. The effects of COVID-19 have been unprecedented and staggering, with WaaS experiencing a positive demand shock during the pandemic in every region. According to our research, the global market experienced a significant increase of 19.2% in 2020 compared to the average annual growth during the years of 2017 to 2019. This market's demand and expansion, which will resume to pre-pandemic levels once the pandemic is over, is what is responsible for the increase in CAGR.
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Information about the report:
● Forecast Timeframe: 2021-2028
● The starting year is 2020
● Market Size in 2020 - USD 1.70 billion
● The market size in 2030 will be USD 8.80 billion
● CAGR - 23.2%
● Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Wi-Fi as a Service Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The market size is the total amount of money service providers make from selling their products to consumers. Market share is the percentage of the market that is under the control of one provider or a group of providers. The term market segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the different sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Wi-Fi as a Service Market are conducted across regions, end-user industries, and material types. The study thoroughly examines segments and their sub-segments with tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
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