Middle East and Africa (MEA) Wi-Fi as a Service (WaaS) Market Worth $1094 Million by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, April 2, 2020 /PRNewswire/ -- According to the new market research report "Middle East and Africa (MEA) Wi-Fi as a Service (WaaS) Market by Solution (Access Points and WLAN controllers), service (Professional and Managed Services), Location Type (Indoor and Outdoor), Organization Size, End User, and Country - Forecast to 2025", published by MarketsandMarkets, 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.

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The solutions segment to record a larger market size during the forecast period

MEA WaaS solutions comprise Access Points (APs) and Wireless Local Area Network (WLAN) controllers. WaaS has been increasingly pervasive in enterprises across the MEA region. Enterprises are looking for cost-effective and secure Wi-Fi services, which help employees to become more productive and efficient while working on mobile devices. The WaaS model has demonstrated significant benefits to businesses in terms of cost and network management. The as-a-service model helps businesses to offload their mobile traffic over Wireless Local Area Network (WLAN). Hence, the demand for these solutions is high among enterprises.

By end user, the travel and hospitality segment to record the highest growth rate during the forecast period

Travel and hospitality is the most intensive and customer-centric end-user segment. It comprises a broad range of facilitators, including airlines (airports), cruise lines, private transportation, hotels, lodges, restaurants, and cafes. Wi-Fi services play a key role in travel and hospitality organizations by offering guest Wi-Fi services to customers. In the digital era, the adoption of new technologies such as Internet of Things (IoT), analytics, Artificial Intelligence (AI), Machine Learning (ML), Augmented Reality (AR), and Virtual Reality (VR) has increased in this end-user segment.