The MEA WaaS market size is projected to grow from USD 336 million in 2020 to USD 1,094 million by 2025, at a Compound Annual Growth Rate (CAGR) of 26.6% during the forecast period. The major factors driving the growth of the MEA WaaS market include increasing trend of Bring Your Own Device (BYOD) and Internet of Things (IoT) and digital transformation strategies adopted by enterprises.
A full report of MEA Wi-Fi as a Service (WaaS) Market is available at: https://www.orionmarketreports.com/hi-fi-system-market/39091/
MEA Wi-Fi as a Service (WaaS) Market segmentation:
• On the basis of solution, the market is segmented into access points and WLAN controllers. Among these, the WLAN controllers segment is anticipated to observe higher CAGR during the forecast period. The WLAN controllers segment is expected to illustrate substantial adoption driven by its enhanced features, including quick and easy configuration of multiple APs, eliminates the need for manual configuration, provides enhanced scalability, and reduces management and deployment complexities of Wi-Fi network.
• Based on services, the market is segmented into professional and managed services. Among these, the managed service is expected to lead the market during the forecast period. Increasing usage of the internet along with social media and web applications is generating a strong demand for high-speed internet connectivity systems. The managed service provider monitors and manages networks and devices of organizations 24*7 to accelerate the uptime and enhance the performance of the networks. The emerging demand for high-speed connectivity, followed by numerous facilities provided by the managed service provider are the significant factors driving the growth of this segment in the coming years.
• On the basis of organization size, the market is segmented into large enterprises and SMEs. Among these, the SMEs would register higher CAGR during the forecast period. It has been observed that SMEs are continuously facing different challenges related to skills, management control, and scalability. The emerging adoption of Wi-Fi has resulted in an immediate drop in operational cost and surged the productivity of SMEs. The increasing usage of Wi-Fi as a Service is promoting the implementation of BYOD, which is further catalyzing the growth of the market in the MEA region.
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