The global Wi-Fi hotspot market size is likely to attain over USD XX billion by the year 2028. Besides, it is likely to project a CAGR of nearly X.X% during the forecast years 2021-2028. The Wi-Fi hotspot market is driven by adoption of carrier wi-fi by the network operators for data traffic offload which acts as a driver as the demand for Wi-Fi hotspotis increasing.
The present and future Wi-Fi hotspot market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that affect the market is the mobile hotspot and developing economies of APAC and MEA. Furthermore, the market is also gaining from an increase in the use of cell phones and smart devices, growth in adoption of Wi-Fi hotspots by hospitality, retail, and education sector which is the key factor driving the market growth for the Wi-Fi hotspot market.
Also, the market is largely driven by insistent demand for tablets, innovative smartphones, and connected devices which is another factor driving the market growth. Furthermore, the increased capacities, increased speeds and reduced latencies, increased quality of service, and increased mobility is likely to provide lucrative development opportunities for the Wi-Fi hotspot market in the forthcoming years.
The report also emphasizes several distinctiveness of the global Wi-Fi hotspot industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the Wi-Fi hotspot industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The Wi-Fi hotspot market has tough competition among the new emerging and pre-established market vendors. Besides, the Wi-Fi hotspot industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on Component, the market is bifurcated into Software and Services. The software market is estimated to grow at a CAGR of over 15% during the projected timeline. The market is driven by the growing adoption of customized software solutions among users to manage their access to the Wi-Fi Hotspot.
The Europe region is expected to grow at fastest rate over the forecast period. The increase of adoption in this area is due to the high adoption of Wi-Fi hotspots in public places and the presence of well-developed network infrastructure and 4G network also promotes the adoption in this region. Moreover, supportive government initiatives in the region for the development of connected public infrastructure also act as major drivers in the region. For instance, in 2016, the UK government launched the GovWifi initiative to replace the existing network in government offices with a single secure Wi-Fi Hotspot network. Furthermore, Asia-Pacific is increasing its share due to the increasing adoption of Wi-Fi hotspots in public places, and advent of 5G networks in countries such as China, South Korea, and others in the region.
The major players of the global Wi-Fi hotspot market are iPASS Inc., Nokia Networks, Ericsson, Cisco, Aptilo Networks, Aruba Networks, Boingo Wireless, Ruckus Wireless, NETGEAR Inc., Hewlett Packard Enterprise, Alcatel-Lucent S.A., Motorola Solutions, Ubiquiti Networks, Huawei Technologies Co., Ltd., and CASA Systems. Renowned companies are offering new and modern Wi-Fi hotspot solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Wi-Fi Hotspot Market
Hardware Overview, 2021-2028 (USD Million)
- Wireless Hotspot Gateways
- Wireless Hotspot Controllers
- Mobile Hotspot Devices
Component Overview, 2021-2028 (USD Million)
End Use Overview, 2021-2028 (USD Million)
- Telecom & IT
- Financial Services
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Middle East and Africa
- South Africa
- Saudi Arab
- South Africaa
- Rest of MEA
- South America
- Rest of South America