Wi-Fi Hotspot Market Expected to Reach USD 5,198 Million by 2023| Top Key players such as -Nokia Corporation, Huawei Technologies and Ericsson.

According to the report published by Allied Market Research, The Wi-Fi Hotspot Market Expected to Reach USD 5,198 Million by 2023| Top Key players such as -Nokia Corporation, Huawei Technologies and Ericsson. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

A Wi-Fi hotspot is a physical location, which allows people to access the internet using wireless technology (WLAN) through mobile devices or laptops. In general, Wi-Fi is installed on public locations such as libraries, airports, hotels, and cafes. This report analyzes and showcases the Wi-Fi hotspot market for various industry verticals, end users, and offerings. Wi-Fi comprises of components, software, and services. These products are used across multiple industries including telecom and IT, financial services, education, healthcare, hospitality, transportation, retail, and others. The research scope of the study has some limitations that exclude the Wi-Fi hotspot utilized in the residential sector.

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The 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 Wi-Fi hotspot 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 market is categorized into professional service, installation and integration services, consulting services, and managed services.

Based on end users, the market is segmented into the 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.

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Based on the region, the market is analyzed across North America, Europe, Asia-Pacific, MEA, and Latin America. The North America Wi-Fi hotspot market generated the highest revenue in 2016, attributed to the growth in enterprise mobility and extensive wireless connectivity. The Asia-Pacific Wi-Fi hotspot market is expected to grow at the highest CAGR, owing to the growth in penetration of internet, increase in the number of mobile subscribers, rise in adoption of internet communication-oriented services such as Snapchat and WhatsApp, and a large share of mobile data traffic.

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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Key Findings of the Personal Identity Management Market:

• The components segment accounted for the highest share of the global Wi-Fi hotspot industry by user type in 2016, growing at a CAGR of 16.4% from 2017 to 2023.

• The communication service provider & network operators segment Wi-Fi hotspot market by end user generated the highest revenue share in 2016, and is projected to grow at a rate of 13.9%.

• The North America Wi-Fi hotspot market generated the highest share, valued at $605 million, in terms of revenue in 2016.

• The Wi-Fi hotspot market in other verticals sector is expected to witness the highest growth rate during the forecast period.

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