A recent report published by Infinium Global Research on Wi-Fi hotspot market provides an in-depth analysis of segments and sub-segments in the global as well as regional Wi-Fi hotspot market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional Wi-Fi hotspot market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global Wi-Fi hotspot market. According to the report, the global Wi-Fi hotspot market is projected to grow at a CAGR of 16.11% over the forecast period of 2018-2024.
Wi-Fi hotspot is an accessible wireless network that is mainly used in public areas such as airport, railway station, and coffee shops, offices, hotel lobbies, houses, schools, universities, hospitals, bookstores and, many more. Earlier it was largely assumed that 4G would make Wi-Fi obsolete. However, its significance has only increased due to an explosion of advanced consumption devices and the need to stay connected. More prominently, using cellular and Wi-Fi organized in a mobile device has now become a consumer prospect. The Wi-Fi hotspot transmits at frequencies of 2.4 GHz or 5 GHz. This frequency is considerably higher than the frequencies used for cell phones, walkie-talkies, and televisions. When the phone is coupled to the mobile data network it can convert the data stream into a Wi-Fi signal for other devices to share. Utmost Android handsets can connect up to 10 users at a time. iPhones are a little different, from the 4S model to today’s iPhone X, they can accommodate up to five client networks. Mobile hotspots are easier to function than USB sticks and most frequently do not require any special software.
Wi-Fi hotspots and portable hotspots approve numerous devices to connect at the same time and frequently connect any Wi-Fi-enabled device within about 30 feet. Increasing perception of the smart devices across the globe such as home security, video calling, entertainment, geo-tracking, temperature control and ample more drives the growth of the Wi-Fi hotspot market. For 2020 the number of public Wi-Fi hotspots is forecast to rise to 454 million. Moreover, Mobile phone carriers are progressively organizing SIM-based Wi-Fi that serves as an extension of the wireless broadband network. This, in turn, is augmenting the growth of the Wi-Fi hotspot market.
The increasing adoption of bringing your own device (BYOD) policies among various organizations are strengthening the market growth. This policy has been adopted to increase efficiency, performance and consumer satisfaction. However, security issues associated with the use of the wireless network are likely to curtail the growth of the Wi-Fi Hotspot market. The dearth of authentication requirements and growing fraudulent activities such as interception and misconfigured access points are anticipated to hamper the reliability of the network. Furthermore, the Wi-Fi market is expected to continue to make an impact on how businesses and consumers access the Internet. With new technologies and competition, the Wi-Fi market will influence many changes. With the advent of new technologies, the Wi-Fi hotspots are participating evidently to overcome conventional 3G/4G, fiber, and cable. Introduction of IEEE 802.11 ac family of standards is anticipated to create several growth opportunities for the key players for the growth of the Wi-Fi hotspot market. On the other hand, the upsurge of speed increased the quality of service, and increased mobility has led to the widespread adoption of VoWiFi (digital voice over Wi-Fi). This has created a new era of competition between large broadband providers and mobile wireless carriers.
Among the geographies, Europe dominated the Wi-Fi hotspot market. The growth in the European region is due to the high adoption of Wi-Fi hotspot in the public places and also the presence of well-developed network infrastructure and 4G network. The government of U.K has launched the GovWifi initiative to replace the existing network in government offices with a single secure Wi-Fi Hotspot network. The other developing regions in Asia-Pacific such as India and China are the regions expected to show high demand for healthcare, transportation, and telecom & IT sectors. The Indian Wi-Fi market, on the other hand, is projected to grow 7 times faster than the global market. Today’s over 500 million mobile subscribers are using the Internet and it is likely to touch around 1.3 billion actual human users in the next three years and that would be over 90% of our country’s total population. Moreover, the Indian government along with Google is planning to deploy more than 400 Wi-Fi hotspots at railway stations across the country.
The report on global Wi-Fi hotspot market covers segments such as component, software, and end-user. On the basis of component, the sub-markets include mobile hotspot devices, wireless hotspot gateways, and wireless hotspot controllers. On the basis of software, the sub-markets include cloud-based hotspot management, centralized hotspot management, Wi-Fi hotspot billing software, and Wi-Fi security software. On the basis of end-user, the sub-markets include retail, telecom & it, transportation, financial services, hospitality, education, healthcare, and others.
The report provides profiles of the companies in the market such as iPass Inc., Aptilo Networks, Nokia Corporation, Boingo Wireless, Inc, Ruckus Networks, NETGEAR Inc, Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, ALE International, and Hewlett Packard Enterprise Development LP.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of Wi-Fi hotspot market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.