14 March 2019, The Global Wi-Fi Hotspot Market is expected to reach USD 4 billion over the forecast period and it is projected to grow at an approximate CAGR of over 16% over the forecast period of 2016 to 2024. Surging use of mobile phones, tablets, and smart devices are expected to remain a key driving factor for market growth over the forecast period.
Increasing adoption of Wi-Fi hotspot market is expected to have the wide scope of applications in end–use industries such as public places, hospital, retail and education sectors. Increasing mobile data usage is also expected to spur the market growth over the next eight years.
Increased speeds, increased capacities, and reduced latencies, increased mobility and increasing the quality of service are the key drivers expected to increase the demand over the forecast period. Development of advanced network infrastructure is expected to be a key driver for the growth of network operators.
The market has been classified on the basis of software such as Wi-Fi security software, centralized hotspot management, Wi-Fi hotspot billing software, and cloud-based hotspot management. Wi-Fi security software provides confidentiality, data integrity, access control, encryption, and authentication.
The market has been segmented on the basis of service such as installation service, consulting service and professional service. Expertise is guided to provide service to the end-user.
The Wi-Fi Hotspot Market has been segmented on the basis of end-use industries includes network operators and service providers, which provide the wireless network connections to the enterprises.
North America is expected to have significant growth over the forecast period owing to increasing demand for cloud-based management software. The U.S. is expected to be a dominating market over the forecast period owing to the development of innovative technologies offering advanced hardware and software for wireless networks.
Some of the major players in the market include Ericsson, Cisco System, Ruckus Wireless, NovAtel, Franklin Wireless Corp., Samsung Electronics Co., NetComm Wireless Ltd., Huawei Technologies Co. Ltd., ZTE Corp., and Sierra Wireless Inc.
The leading player Cisco has undergone acquisition with Think Smart Technologies to enhance the Cisco’s network infrastructure. ThinkSmart technologies are expected to enhance the wireless network by providing location information and analytics to service provider and enterprise customer.
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