New York, USA, June 19, 2023 (GLOBE NEWSWIRE) -- According to Research Report published by Market Research Future (MRFR), “Wi-Fi as a Service Market Information by Hardware, Service, Industry, Organization Size, and Region - Forecast till 2030”, the Wi-Fi as a Service Market could thrive at a rate of 20.1% between 2021 and 2030. The market size will be reaching around USD 12.2 Billion by the end of the year 2030.
Market Synopsis
Wi-Fi as a Service, also known as additive manufacturing, is a rapidly growing market that involves the creation of three-dimensional objects by adding layers of material on top of each other. The Wi-Fi as a Service market has various Services in industries such as aerospace, automotive, healthcare, and consumer goods.
One driver for the Wi-Fi as a Service market is the increasing demand for personalized products. As consumers become more interested in products tailored to their specific needs, the ability to customize and create unique products becomes increasingly important. Wi-Fi as a Service allows for the production of personalized products quickly and cost-effectively, making it a desirable option for manufacturers and consumers alike.
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Market Competitive Landscape:
The affluent companies in the Wi-Fi as a Service industry include.
- Telstra Corporation Limited
- Cisco Systems Inc.
- Singapore Telecommunications Limited
- Rogers Communication Inc.
- Fujitsu Limited
- Hewlett Packard Enterprise Company
- Ruckus Wireless
- Big Air Group Limited
- Zebra Technologies Corporation
- IPASS Inc.
Scope of the Report - Wi-Fi as a Service Market:
| Report Metrics | Details |
| Market Size by 2030 | USD 12.2 Billion |
| CAGR during 2021-2030 | 20.1% |
| Base Year | 2020 |
| Forecast | 2021-2030 |
| Key Market Opportunities | With the high adaptation of advanced new technology, small and medium enterprises require automated, cost-efficient, flexible, and scalable Wi-Fi networks. |
| Key Market Dynamics | The key drivers are pouring the Wi-Fi as a service market cover growing requirement. Wi-Fi Market also provides end-to-end prominence and quicker placement. |
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June 2021
Stratasys, a leading provider of Wi-Fi as a Service solution, announced the launch of its new manufacturing-focused printer, the H Series. The printer is designed to produce large, complex parts at high speed and accuracy, making it suitable for Services in industries such as aerospace, automotive, and defense.
Market USP Covered:
Market Drivers:
One driver for the Wi-Fi as a Service market is the growing demand for customized products. The ability to create unique, personalized items through Wi-Fi as a Service is becoming increasingly popular in industries such as healthcare, aerospace, and automotive. Wi-Fi as a Service allows for greater design flexibility, faster prototyping, and reduced manufacturing costs, making it an attractive option for companies looking to offer customized products to their customers.
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Market Restraints:
One restraint for the Wi-Fi as a Service market is the high cost of 3D printers and materials. While the cost of Wi-Fi as a Service Industry has decreased in recent years, it still remains relatively expensive compared to traditional manufacturing methods. Additionally, the cost of materials used in Wi-Fi as a Service, such as specialized polymers and metals, can be high. This limits the adoption of Wi-Fi as a Service Industry to industries where the benefits of customization and design flexibility outweigh the costs.
COVID 19 Analysis
The COVID-19 pandemic has had a mixed impact on the Wi-Fi as a Service market. On the one hand, the pandemic has disrupted supply chains and caused a slowdown in production, leading to a decrease in demand for 3D printers. On the other hand, the pandemic has also increased the demand for 3D-printed products in certain industries, such as medical and dental, where there has been a need for more personalized and customized products.
During the pandemic, Wi-Fi as a Service has been used to manufacture personal protective equipment (PPE) such as face shields, masks, and ventilator parts. The flexibility and speed of Wi-Fi as a Service have allowed manufacturers to quickly adapt and produce new products to meet the needs of the market.
However, the pandemic has also caused disruptions in supply chains, leading to delays in the delivery of 3D printers and materials. Additionally, the economic slowdown caused by the pandemic has led some companies to postpone or cancel their investments in Wi-Fi as a Service Industry.
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Market Segmentation:
- Organization Size: Small and Medium Enterprises (SMEs): These are typically smaller businesses with fewer employees and limited IT resources.
- Industry Verticals: Hospitality: Hotels, resorts, restaurants, and other businesses in the hospitality sector that require reliable Wi-Fi services for guests.
Regional Insights:
North America is one of the leading regions in terms of Waa’s adoption and market growth. The United States, in particular, has a mature Waa’s market with widespread deployment in various sectors such as hospitality, education, healthcare, and retail. The presence of major technology companies and a high level of digitalization contribute to the growth of the Waa’s market in this region.
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- Li-Fi Market Is Predicted To Hit USD 116.96 Billion at a CAGR of 31.60% by 2030 - Report by Market Research Future (MRFR)
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