Wi-Fi Hotspot Market Business Opportunity, Technological Trends, Future Growth Analysis 2023

In 2016, North America generated the highest revenue, owing to technologically developed infrastructure and high adoption of wireless technology. The Asia-Pacific Wi-Fi hotspot market is expected to grow at the highest CAGR during the forecast period as majority of the region possess uncaptured market potential for the growth of the global Wi-Fi hotspot industry.

Among components wireless hotspot gateways generated largest share of revenue in 2016 and is expected to dominate the market throughout the analysis period. However, the mobile hotspot devices market is expected to grow at the highest CAGR during 2017-2023. Among software, centralized hotspot management segment accounted for 39% of the total component segment, while cloud-based hotspot management segment is expected to grow at the highest CAGR of 17.9% during the forecast period.

Download Request Sample of Report @ https://www.alliedmarketresearch.com/request-sample/774?utm_source=OpenPR&utm_medium=SS

The global Wi-Fi hotspot market was valued at $1,766 million in 2016, and is projected to reach $5,198 million by 2023, growing at a CAGR of 16.9% from 2017 to 2023. The services segment is anticipated to grow at the highest rate during the forecast period.

Key Findings of the Wi-Fi Hotspot Market:

•The components segment accounted for the highest share of the global Wi-Fi hotspot industry by user type in 2016, growing at a CAGR of 16.4% from 2017 to 2023.

•The communication service provider & network operators segment Wi-Fi hotspot market by end user generated the highest revenue share in 2016, and is projected to grow at a rate of 13.9%.

•The North America Wi-Fi hotspot market generated the highest share, valued at $605 million, in terms of revenue in 2016.

•The Wi-Fi hotspot market in other verticals sector is expected to witness the highest growth rate during the forecast period.

Growth in Adoption of Wi-Fi hotspots by the Retail, Hospitality and Education Sectors

Several industries, including retail, hospitality, education, and others, providing direct customer service are inclined toward offering effective customer service through Wi-Fi hotspots. Indoor and outdoor Wi-Fi solutions are gradually becoming of prime focus in the hospitality industry, owing to upsurge in customer demand for uninterrupted internet connectivity.

Adoption of Carrier Wi-Fi by the Network Operators for Data Traffic Offload

Over the recent years, telecom providers are on a constant lookout for novel technologies to reduce internet data traffic from cellular networks. Wi-Fi hotspot reduces data traffic from normal cellular network and transmits high-speed internet data packets through hotspot routers.

Get Purchase Enquiry of Report @ https://www.alliedmarketresearch.com/purchase-enquiry/774?utm_source=OpenPR&utm_medium=SS

Authenticating to the Hotspot Provider

Public hotspots require a particular authentication process to be followed before they can be accessed by unknown users. Majority of the commercially deployed public hotspots do not provide access to unknown users due to security reasons and privacy issues. Repetitive authentication at various Wi-Fi hotpots creates hurdles such as the ease of access and seamless service flow that impacts the market growth adversely.

Introduction of Mobile Hotspot

Introduction of mobile hotspots with advanced features is expected to boost the market demand during the forecast period. Key vendors are inclined toward introduction of technologically advanced products to leverage the increase in market potential.

Key Benefits for Stakeholders

•In-depth analysis of the global Wi-Fi hotspot market and dynamics is provided to understand the market scenario.

•Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.

•Porter’s Five Forces analysis examines the competitive structure of the Wi-Fi hotspot market and provides a clear understanding of the factors that influence the market entry and expansion.

•A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global Wi-Fi hotspot market industry.

•Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided.

The Key Players Profiled in the report are as follows:

•Aptilo Networks AB
•Boingo Wireless, Inc.
•Brocade Communications Systems, Inc.
•Cisco Systems, Inc.
•Hewlett Packard Enterprise Company
•Huawei Technologies Co. Ltd.
•iPass, Inc.
•NETGEAR Inc.
•Nokia Corporation
•Ericsson

Access Full Summary of Report @ https://www.alliedmarketresearch.com/wifi-hotspot-market?utm_source=OpenPR&utm_medium=SS

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Sona Padman
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com

This release was published on openPR.