Why the Solid State Wi-Fi Hotspot Market Is Set To Explode? | Global Players are Aerohive Networks, Alcatel Lucent, Belkin International, Boingo Wireless, Cisco, Aerohive Networks, Alcatel Lucent, Aptilo Networks

Based on components, the Wi-Fi Hotspot market comprises hardware, service and software segment. According to a study, the hardware segment holds a maximum of 55% share in the global Wi-Fi Hotspot market. This could be attributed to increasing adoption of access points, cloud access points and gateways among residential users and enterprises. Hardware devices are also used by users to provide accounting, authorization, and authentication for a wireless network.

The hardware segment is further categorized into controllers, gateways and mobile hotspot devices. Of these segments, mobile hotspot device market is estimated to achieve a CAGR of more than 17% during the forecast timespan. Advancements in WLAN technology and penetration of IoT devices have influenced the adoption of Wi-Fi Hotspot among business and residential spaces.
Furthermore, increasing use of mobile hotspot devices into the automotive sector is fueling the growth of global Wi-Fi Hotspot market.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/198

In addition to the hardware segment, the software-based Wi-Fi Hotspot market is also anticipated to achieve annual growth of more than 16% during the forecast timespan. Increasing use of tailored software to manage users and protect a network and a rising popularity of cloud-based software solutions are the key factors that are promoting market segment expansion.

The global Wi-Fi hotspot market primarily focuses on two application areas, namely commercial and community spaces. A research report cites that the commercial application segment accounts for more than 15% share in the Wi-Fi Hotspot market.
Government initiatives such as digitalization and development network infrastructure have been influencing the adoption of Wi-Fi hotspot in the commercial space.

Meanwhile, in community application segment, the deployment of Wi-Fi hotspot is anticipated to grow at CAGR of more than 12 % during the project timeline. The key factors for this growth could be the advent of smart devices, smart home solutions and automation among the residential space.

As per reports, Europe is slated to be the leading region in the Wi-Fi Hotspot market which holds more than 35% of the total market share. Increased installation of hotspot devices in public places such as cafes, restaurants, and retail stores have stimulated product demand. Moreover, increased development of digital infrastructure has fostered regional Wi-Fi hotspot market outlook in recent years.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/198

Asia Pacific Wi-Fi hotspot market is also projected to grow at a CAGR of 15% over the forthcoming years. Factors like increasing technology demand from developing countries such as China and India and surging adoption of internet service and smartphone are influencing market expansion.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.