At 10%+ gains, Wi-Fi Hotspot Market to be valued $23bn by 2024

Asia Pacific wi-fi hotspot market is anticipated to grow at a CAGR of over 15% during the forecast timespan led by growing demand from the developing countries including India and China.

Europe wi-fi hotspot market is leading the regional landscape with a share of over 35%. The growth of the market is credited to the widespread adoption of Hotspot devices in public places such as restaurants, cafes, hotels, and retail stores. Furthermore, the existence of well-developed digital infrastructure fosters the demand for Hotspot devices.

The North America region holds a share of more than 25% in the wi-fi hotspot market. The presence of highly developed network infrastructure along with high penetration of internet service and smartphone adoption fosters the demand for the Wi-Fi Hotspot devices. The widespread adoption of Bring Your Own Devices (BYOD) and enterprise mobility solution among organizations also promote the deployment of Wi-Fi hotspots in the market. In addition, the presence of prominent companies such as Cisco, AT&T, and Verizon is supporting market growth.

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Asia Pacific wi-fi hotspot market is anticipated to grow at a CAGR of over 15% during the forecast timespan. The growing demand from the developing countries including India and China propels the market growth. Moreover, the rising adoption of internet services and smartphone in the region also augments the demand for Wi-Fi Hotspot.

The key vendors in the Wi-Fi Hotspot market space are 4ipnet, Aerohive Network, Alcatel Lucent, Belkin International, Aptilo Networks, Cisco Systems, Inc., Cloud4Wi, Boingo Wireless, Edgecore Networks, Ericsson, HPE, Huawei Technologies, iPass, Inc., Junier Networks, Mojo Networks, Netgear, Nokia Networks, Open-Mesh, Ruckus Wireless, TP-LINK, Ubiquiti Networks, Xirrus, and ZTE.

Hardware segment in wi-fi hotspot market is expected to grow significantly over the forecast time with a CAGR of approximately 11%. The hardware market is driven by an increasing demand for mobile hotspot devices. Mobile hotspot devices allow users to connect to the internet service via 3G, 4G, and LTE networks. It is equipped with an LCD screen that displays signal strength, data consumption, and real-time network status. The increasing adoption of Wi-Fi services in automotive and the growing adoption of the smartphones are the major forces accelerating the adoption of mobile Wi-Fi hotspot devices.

Software is projected to attain an annual growth rate of over 16% during the forecast period. The adoption of customized software to manage users and protect the network is the primary factor accelerating the software market. Moreover, the growing popularity of the cloud-based software among the enterprises also promotes wi-fi hotspot market growth.

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The mobile hotspot devices are anticipated to attain CAGR of over 17% during the projected timespan. The advancements in WLAN technology and the growing incorporation of IoT devices are driving the adoption of the Wi-Fi Hotspot among the residential and business space. The advancements in technology have allowed the Wi-Fi technology to interconnect multiple devices into a network. Moreover, the rapid adoption of the mobile hotspot devices into the automotive also augments their demand in the market.

The commercial application segment is anticipated to register a high growth rate in the wi-fi hotspot market over the projected time. The retail market is expected to grow rapidly due to the widespread adoption of Wi-Fi hotspot services at retail establishments. The retailers are using Wi-Fi-assisted technologies such as the IoT, mobile applications, and POS systems to predict their customer behavior and create a more personalized experience.

Browse key industry insights spread across 400 pages with 752 market data tables & 32 figures & charts from the report, “Wi-Fi Hotspot Market Size By Component (Hardware [Gateways, Controllers, Mobile Hotspot Devices], Software [ Hotspot Management Software, Security Software, Billing Software, Cloud-based Software], Services [Professional, Managed]), By Application (Commercial [Trains, Hotels, Planes, Municipalities, Retail, Airports, Cafes], Community [Residential, Business]), Regional Outlook (U.S., Canada, UK, Germany, France, Netherlands, Italy, Spain, Russia, China, India, Japan, South Korea, Australia and New Zealand, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wi-fi-hotspot-market

Table of Contents (ToC) of the report:
Chapter 4. Wi-Fi Hotspot Market - Competitive Landscape
4.1. Introduction
4.2. Company market share, 2017
4.3. Major market players
4.3.1. Cisco
4.3.2. Huwaei
4.3.3. HPE
4.3.4. Ruckus Wireless
4.3.5. Nokia Networks
4.4. Market challengers
4.4.1. Ubiquiti Networks
4.4.2. Netgear
4.4.3. TP-Link
4.4.4. ZTE
4.5. Other prominent vendors
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/industry-analysis/wi-fi-hotspot-market

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