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Wi-Fi Hotspot Market: ipnet, Aerohive Network, Alcatel Lucent, Aptilo Networks, Belkin International, Boingo Wireless, Cisco System, Cloud, Wi Inc., Edgecore Networks, Ericsson, HPE

03-23-2020 10:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Wi-Fi Hotspot Market

Wi-Fi Hotspot Market

Asia Pacific Wi-Fi hotspot market is predicted to attain a CAGR of over 15% By 2024, because of the immense proliferation of smartphones devices and a giant internet user base in the region. In the coming years, India will be a major contributor to the global market share, as the Indian telecom industry has plans to roll out about one million WiFi hotspots by 2019 year end. Reportedly, Jio, BSNL, Vodafone, Airtel, and Idea, the leading telecom service operators, have joined forces to install one million WiFi hotspots across the Indian territory in a year's time.

In the year 2017, Wi-Fi hotspot market size was valued to be more than USD 10 Bn, with an installed base of nearly 300 Mn units. Primarily driven by the growing number of public WiFi hot-spots worldwide, the overall WiFi hotspot market is projected to grow at a CAGR of 12% over 2018-2024. In terms of the geographical landscape, Europe is currently the dominant region in Wi-Fi Hotspot industry, holding more than 35 percent of the overall share, attributed to the adoption of WiFi hotspots at public places.

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The global Wi-Fi hotspot market is projected to witness exponential growth in the ensuing years, on account of rising penetration of smart devices across the globe, serving an array of purposes such as video calling, geo-tracking, temperature control, home security, entertainment, and much more. In an era embroiled by state-of-the-art technological advancements, the utilization of WiFi hotspots holds more value than is estimated.

Aptilo Networks, a producer and marketer of software systems for WiFi services & mobile data, holds a strong footprint in the global Wi-Fi hotspot market inspired by innovative & customer-centric solutions. In a recent turn of events, Aptilo Networks along with Swisscom has won the WiFi NOW Award for the 'Best WiFi Service Provider', besides securing the award for 'Best Service Provider WiFi solution' for its novel Consent & Personal Data Management Solution.

Boingo Wireless, an American company offering mobile Internet access for wireless-enabled consumer devices, has won the 'Best WiFi Service' award eight times, given by Global Traveler magazine, on account of premium, prompt, and innovative solutions for keeping the world connected. Boingo Wireless has recently announced that it would be launching its exemplary WiFi services at 54 airports in Brazil, which are managed by Infraero, one of the biggest operators of commercial airports worldwide.
In a recent turn of events, Boingo Wireless has announced that it would acquire Elauwit Networks, LLC, a foremost provider of high-speed WiFi & technology solutions to the students and multi-family housing market, for a total cash value of $28.0 Mn. In view of this deal, Boingo expects to enlarge its operative market for venues by an added 16 Mn multi-dwelling units across the U.S., thereby significantly boosting Wi-Fi hotspot market share.

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The explosion of innovative technology, smart solutions, and the momentous rise in the tech-savvy population are considered as the major drivers for Wi-Fi 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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