Wi-Fi Hotspot Market With Emegrging Market Players 2020 | Aptilo Networks AB, Boingo Wireless, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc.
The global Wi-Fi Analytics Market was pegged at $5.64 billion 2018, is projected to reach $31.01 billion by 2026, growing at a CAGR of 23.8% from 2019 to 2026.
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The Wi-Fi hotspot market is driven by the increasing penetration of smart devices across several countries. The adoption rate of smart devices is ten times than the adoption rate of personal computers in the 1980s, three times faster than the adoption of social media and two times faster than the adoption of the internet in 1990s. The total number of smartphone users across the globe has crossed 2 billion, up from 640 million users in 2012 and the number is further anticipated to increase in the future. The growing adoption is attributed to the increasing trend of social media and growing internet penetration. The availability of low-cost smartphones in the developing countries such as India and China are also fostering the adoption of smartphones.
The global Wi-Fi analytics market across North America held the largest share in 2018, accounting for more than one-third of the market, owing to the presence of a large number of market vendors in North America that use big data analytics and proliferation of smartphones, Internet of Things, and presence of Internet connectivity. However, the market across Asia-Pacific is anticipated to portray the fastest CAGR of 26.3% during the forecast period, owing to continuously rise use of smartphones and an increase in the adoption of fast Internet in the region.
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By industry vertical, the sports & entertainment segment is expected to manifest the fastest CAGR of 25.9% during the forecast period. This is due to its use for improving customer experience and boosting the sales of various sports events across the globe coupled with need for real-time data access and predictive insights of fans preference by sports organization. However, the retail segment held the largest share in 2018, accounting for more than one-fourth of the global Wi-Fi analytics market, owing to the need to analyze customer preference and formulate targeted marketing strategies according to their preference, enhance customer experience, and need for cost-saving.
The solution segment held the largest share in 2018, accounting for three-fourths of the global Wi-Fi analytics market, owing to rise in adoption of it to gain insights regarding footfall at their venue and get unassociated device data. However, the service segment is expected to register the fastest CAGR of 26.3% during the forecast period, due to increased adoption of services among end-users as they ensure the effective function of software and platforms throughout the process and surge in demand for cloud-based Wi-Fi analytics.
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The key players profiled in the study are 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, and Ericsson. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the Wi-Fi hotspot market.
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