Press release
Wi-Fi Hotspot Market Outlook to 2024 | Top Players are Alcatel Lucent, Aptilo Networks, Belkin International, Cisco, Ericsson, Aruba, a Hewlett Packard Enterprise company,Huawei Technologies, iPass, NETGEAR, Nokia, Ruckus Networks, TP-Link Technologies Co
Wi-Fi Hotspot Market
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Technological advancements in the WLAN technology and the increasing integration of IoT devices are also accelerating the adoption of Wi-Fi hotspot devices. Technological advancements in the IoT have allowed the Wi-Fi technology to be used for more than just connecting to internet services. Wi-Fi is used for creating an interconnected network of multiple smart devices. It also transforms smartphones into remote-controlled devices for ACs and televisions and enables communication between multiple devices connected to the Wi-Fi network.
Players Operating in The Wi-Fi Hotspot Market:
1. Alcatel Lucent
2. Aptilo Networks
3. Belkin International
4. Boingo Wireless
5. Cisco Systems Inc.
6. Ericsson
7. HPE (Aruba Networks)
8. Huawei Technologies
9. Ipass Inc.
10. Netgear Inc.
11. Nokia Networks
12. Ruckus Wireless
13. TP-LINK Technologies Co. Ltd.
14. Ubiquiti Networks
15. ZTE Corporation
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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. The residential market is expected to grow due to the increasing data traffic caused by the rising consumption of rich media content. Moreover, the growing disposable income of consumers is also driving the residential market.
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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The players operating in the wi-fi hotspot market are Alcatel Lucent, Aptilo Networks, Belkin International, Boingo Wireless, Cisco Systems Inc., Ericsson, HPE (Aruba Networks), Huawei Technologies, Ipass Inc., Netgear Inc., Nokia Networks, Ruckus Wireless, TP-LINK Technologies Co. Ltd., Ubiquiti Networks and ZTE Corporation. The companies are focused on entering into strategic partnerships with other vendors to strengthen their product capabilities and increase their customer base. For instance, in 2017, Ruckus Networks launched its Technology Ecosystem Partner Program to offer complete and proven solutions for network application needed to complement its Wi-Fi hotspot portfolio and help customers meet critical business needs.
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