The global Wi-Fi as a service market is projected to exhibit significant growth, at a CAGR of around 22.0%, during the forecast period. The rising trend of BYOD and enterprise mobility is one of the major factors that is estimated to develop growth opportunities for the growth of Wi-Fi as a service market. BYOD allows employees to bring their personally owned devices such as smartphones, tablets, and laptops to their workplace to access the company’s information and applications.
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Wi-Fi as a service significantly reduces the risks of security, business continuity, and performance introduced by the BYOD trend. Organizations usually purchase licenses for virtual desktops hosted by a vendor, and employees can log into their virtual desktop from a device of their choosing, making remote working a more viable option.
BYOD is making noteworthy progress in the corporate world, it is estimated that more than 75% of the employees in the emerging economies such as India, China, Brazil, and Russia are using their devices at their workplace, and 44% of the employees in developed countries such as the US and Germany are using their devices at the workplace. Furthermore, BYOD brings needed flexibility for companies, which can be a solution to boost the productivity of employees with strong preferences to use their own devices.
These are the major factors indicating the increasing trend of BYOD and mobility in the enterprise. For successful implementation of the BYOD policy, organizations need an effective cloud platform that allows employees to safely access data from their own devices and at the same time ensures the safety of the company’s data. Therefore, the increasing trend of BYOD and enterprise mobility is estimated to develop growth opportunities for Wi-Fi as a service market.
The increasing trend of smartphones and tablets coupled with increasing internet penetration across the globe is estimated to be one of the major factors that are augmenting the growth of the market. Smartphones are estimated to be one of the major devices that are being used in companies to comply with BYOD. Smartphones account for more than 50% share in the BYOD market. Enterprises ranging from large-size enterprises to medium and small businesses are adopting this policy, as it assists organizations in reducing the capital expenditure and operating expenditure. Employees bring their own device for work, which leads to the elimination of hardware costs, further employees also bear the cost of data incurred on their devices, results in the overall cost of the organization. These are the major factors augmenting the demand for BOYD and Wi-Fi as a service market.
Global Wi-Fi as a Service Market-Segmentation
By Vertical
Global Wi-Fi as a Service Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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