Press release
Wi-Fi Hotspot Market Analysis, Growth Factors and Dynamic Demand by 2032
Wi-Fi Hotspot Market was valued at $1,766 million in 2016 and is expected to reach $5,198 million by 2023, growing at a CAGR of 16.9% from 2017 to 2023.Wi-Fi hotspots are internet access points that allow users to connect their mobile devices to a Wi-Fi network, such as smartphones or laptops. They are extremely convenient and provide customers with robust internet connections whether they are away from the office or home. They help service providers or operators increase client retention, develop brand awareness, conduct pay-as-you-go transactions, and form offload agreements with mobile operators. At today, they are available in public areas, such as coffee shops, libraries, retail establishments, hotels, and airports, across the globe.
A Wi-Fi hotspot is a physical area where individuals can connect to the internet using wireless technology (WLAN) via mobile devices or computers. Wi-Fi is typically installed in public places such as libraries, airports, hotels, and cafes. This study examines and highlights the Wi-Fi hotspot market for a variety of industrial verticals, end users, and products. Wi-Fi is made up of hardware, software, and services. These goods are utilised in a variety of industries, including telecommunications and information technology, financial services, education, healthcare, hospitality, transportation, retail, and others. The research scope of the study contains some limits that exclude the Wi-Fi hotspot deployed in the residential sector. This study focuses solely on the commercial sector, which falls within the industrial vertical division. Furthermore, the study does not include the influence of currency movements.
Market Trends:
Growing digitalization, together with the deployment of smart infrastructure systems around the world, is one of the primary reasons fueling the growth of the market. Wi-Fi hotspots assist small, large, and medium-sized businesses in managing their networks at a lesser cost. They also improve data transmission, enable access to a variety of applications, and provide consistent results. Aside from that, businesses throughout the world are embracing the Bring Your Own Device (BYOD) trend, which allows workers to work from home while accessing corporate network data and services such as email and applications. This can also be ascribed to a significant increase in the requirement to provide flexibility to employees as a result of the coronavirus disease (COVID-19) outbreak, which is fueling market expansion. Furthermore, as smartphone sales increase, high-end network infrastructure becomes more prevalent, and 5G network rollout accelerates, there is a greater reliance on Wi-Fi hotspots in public places. Furthermore, leading market players are focused on enhancing speeds, service quality, mobility, capacity, and decreasing latencies, which is expected to generate a favourable industry picture.
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Global Wi-Fi Hotspot Market: Segmentations
Global Wi-Fi Hotspot Market: Major Players
• Alcatel Lucent
• ZTE Corp.
• Ubiquiti Networks
• Aruba Networks
• Samsung Electronics
• Huawei Technologies Co. Ltd.
• Boingo Wireless
• Ericsson
• D-Link
• Cisco Systems Inc.
• NovAtel
• Ruckus Wireless
• Netgear
• Franklin Wireless Corp.
• Netcomm Wireless Ltd.
• Ipass
• Nokia Networks
• Aptilo Networks
• Motorola Solutions
• Aerohive Networks
• Sierra Wireless Inc.
Global Wi-Fi Hotspot Market: By Types
• Hardware
• Software
• Service
Global Wi-Fi Hotspot Market: By Applications
• Telecom and IT
• Financial services
• Education
• Healthcare
• Hospitality
• Transportation
• Retail
• Others
Global Wi-Fi Hotspot Market: Regional Analysis
The countries covered in the regional analysis of the Global Wi-Fi Hotspot market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in This Report
1. What was the size of the global wi-fi hotspot market in 2021?
2. What is the expected growth rate of the global wi-fi hotspot market during 2022-2027?
3. What are the key factors driving the global wi-fi hotspot market?
4. What has been the impact of COVID-19 on the global wi-fi hotspot market?
5. What is the breakup of the global wi-fi hotspot market based on the component?
6. What is the breakup of the global wi-fi hotspot market based on the software?
7. What is the breakup of the global wi-fi hotspot market based on the services?
8. What is the breakup of the global wi-fi hotspot market based on the end user?
9. What is the breakup of the global wi-fi hotspot market based on the vertical?
10. What are the key regions in the global wi-fi hotspot market?
11. Who are the key players/companies in the global wi-fi hotspot market?
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