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Wi-Fi Hotspot Market Competitive Dynamics and Global Outlook 2023 – Top Key players like Aptilo Networks AB, Boingo Wireless, Brocade Communications Systems, Cisco Systems, Huawei Technologies Co. Ltd., iPass, NETGEAR, Nokia Corporation, Ericsson
Wi-Fi Hotspot Market - Premium Market Insights
Moreover, increase in adoption of the Bring Your Own Device (BYOD) trend and advanced network infrastructure have driven the use of Wi-Fi hotspots for Internet connectivity. Furthermore, many portable devices, such as laptops and tablets, use Wi-Fi hotspots to access high-speed Internet services.
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.
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The global Wi-Fi hotspot market is attributed to increasing in use of cell phones and smart devices, growth in adoption of Wi-Fi hotspots by hospitality, retail, and education sector, and adoption of carrier Wi-Fi by the network operators for data traffic offload. Further, the introduction of mobile hotspots and the developing economies in Asia-Pacific and MEA is expected to offer growth opportunities for the market.
However, meeting the bandwidth requirement of the applications, security issues, and other factors hinder the market growth for Wi-Fi hotspots.
Wi-Fi hotspot market is segmented based on offerings, end user, industry vertical, and region. Based on offerings, it is divided into component, software, and services.
As per component, the market is classified into wireless hotspot gateways, wireless hotspot controllers, and mobile hotspot devices. Based on software, the market is analyzed across centralized hotspot management, Wi-Fi security software, Wi-Fi hotspot billing software, and cloud-based hotspot management.
As per services, the Wi-Fi hotspot market is categorized into professional service, installation and integration services, consulting services, and managed services. As per end users, the market is segmented into communication service provider & network operators, enterprises, and government.
Based on industry vertical, the global Wi-Fi hotspot market is studied across telecom and IT, financial services, education, healthcare, hospitality, transportation, retail, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, MEA, and Latin America.
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
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Wi-Fi Hotspot Market key SEGMENTS:
By Offerings
Component
Wireless Hotspot Gateways
Wireless Hotspot Controllers
Mobile Hotspot Devices
Software
Centralized Hotspot Management
Wi-Fi Security Software
Wi-Fi Hotspot Billing Software
Cloud-Based Hotspot Management
Services
Professional Service
Installation and Integration Services
Consulting Services
Managed Services
By End User
Communication Service Provider & Network Operators
Enterprises
Government
By Vertical
Telecom and IT
Financial Services
Education
Healthcare
Hospitality
Transportation
Retail
Others
By Geography
North America
Europe
Asia-Pacific
MEA
Latin America
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