Significant investments in smart cities fuel market growth. These projects are severely dependent on IoT, including innovative technologies like data communications, platform as a provision, mobility, and sensors. The government vertical’s need for WaaS is rapidly increasing in India, contributing considerably to the company’s overall revenue-generating.
For instance, in September 2021, Tata Communications, a worldwide enabler of the digital ecosystem, introduced Bandwidth-on-Demand (BoD) solutions for Ethernet provisions, allowing for greater flexibility, improved end-user experience, and cost savings. Enterprises may easily meet short-term network bandwidth by self-provisioning more capacity into the pay-as-you-go model via a self- provision client portal.
Furthermore, many countries aim to make public internet available to provide digital governance and encourage public data innovation. For instance, in India, the government has set a goal of deploying 10 million public internet hotspots, by 2022, under the “National Digital Communications Policy.” Mobile users can now travel across the country with data connectivity due to the installation of public Wi-Fi, which improves call quality and provides tourists with real-time traffic information. As a result, to the maintenance of such Wi-Fi networks, businesses require provisions to design, implement, monitor, and support Wi-Fi, which is driving the market.
The large enterprise segment grossed the largest revenue share. Large corporations are investing in WaaS to address challenges, including data security, privacy, and cloud connectivity failure. Small and medium businesses are expected to grow at the fastest rate during the forecast period due to the increased competition for clients, entrepreneurs in retail and eCommerce, healthcare, and life sciences are focusing on using WaaS to develop their products over the cloud channel.
Market players such as Alcatel-Lucent Enterprise, Cambium Networks, 4ipnet, Allied Telesis, Arista, Aruba – a Hewlett Packard Enterprise Company, CommScope Inc., Cucumber, D-Link, Edgecore, Datto, Tata Communications, Extreme Networks, iPass, Juniper Networks, Huawei Technologies Co., LANCOM Systems, Redway Networks, Rogers Communication, Singtel, Superloop, Ruijie Networks, Ubiquiti, Telstra, and Viasat are some key market players operating in the global market.
In December 2021, Huawei released the Wi-Fi 6 Access Point and other data connection devices in the market. According to Huawei, the mounted Wi-Fi 6 devices have up to 3000M bandwidth with roaming latency as low as 10ms.
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