Press release
Wi-Fi Hotspot Market 2024 Strong Industry Trends | Aerohive Networks, Alcatel Lucent, Belkin International, Boingo Wireless, Cisco, Ericsson, Aruba, Huawei Technologies, NETGEAR, Nokia, Ruckus Networks, TP-Link Technologies Co., Ltd, Ubiquiti Networks, ZT
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.
The Major Key Players in the Market are as follows:
• 4ipnet
• Aerohive Networks
• Alcatel Lucent
• Aptilo Networks
• Belkin International
• Boingo Wireless
• Cisco
• Cloud4Wi
• Edgecore Networks Corporation
• Ericsson
• Aruba, a Hewlett Packard Enterprise company
• Huawei Technologies
• iPass
• Junier Technologies
• Mojo Networks, Inc.
• NETGEAR
• Nokia
• Open Mesh - a Datto Company
• Ruckus Networks
• TP-Link Technologies Co., Ltd
• Ubiquiti Networks
• Xirrus
• ZTE Corporation
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.
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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. The software market is anticipated to grow substantially during the projected timeline. The wi-fi hotspot market is propelled by a growing demand for the cloud-based software among enterprises. The cost-effectiveness, scalability, and the flexibility offered by cloud models are the primary factors driving the demand.
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.
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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.
The explosion of innovative technology, smart solutions, and the momentous rise in the tech-savvy population are considered as the major drivers for WiFi hotspot market over the approaching years. Major WiFi giants along the likes of Ipass, Nokia Networks, Aptilo Networks, Netgear, Ericsson, Boingo Wireless, Cisco Systems, and Aruba Networks partaking in the WiFi hotspot industry sphere, are expected to largely rely on collaborations and acquisitions to expand their revenue share in the ensuing years
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Link: - https://www.marketwatch.com/press-release/biometrics-market-by-application-product-regional-outlook-and-forecast-to-2024-2019-01-14
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