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The growth in the demand for Wi-Fi as a Service can be attributed to the rising adoption by small and medium enterprises. This can be associated with the emergence of startups and the establishment of small offices in developing and developed countries. With the rising dependency on internet services and the increase in the number of connected devices, the demand for wireless internet connections is further aiding the market growth of Wi-Fi as a Service. Favourable characteristics including centralised management, remote troubleshooting, reduced cost of ownership, and low capital expenditure are further positively influencing the market growth of Wi-Fi as a Services in small and medium enterprises. Factors such as improved internet agility, enhanced efficiency, cost-effectiveness, and fast deployment are further stimulating the deployment of Wi-Fi as a Service in small and medium organisations, thereby invigorating the growth of the industry.
Johnson Controls (NYSE: JCI), a leading player in the global market for Wi-Fi as a Service, recently announced the release of a mesh Wi-Fi networking system in July 2021. To address the needs of the professional security industry, the IQ Wi-Fi is designed specifically to seamlessly connect and manage streaming cameras, video doorbells, garage openers, and consumer Wi-Fi devices using the IQ panel. The mesh network supports up to 8 IQ Wi-Fi agents. The dual-band SSID allows the partitioning of security devices from consumer Wi-Fi devices for improved security and maintenance. Such developments by leading market players are augmenting the growth of the market.
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The major players in the global Wi-Fi as a Service market are Arista Networks Inc., Extreme Networks Inc., Telstra Corporation Limited, Cisco Systems Inc., and Viasat Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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