Wi-Fi Hotspot Market Industry Players to Show High Growth Rate by 2024

Wi-Fi Hotspot Market

Global Wi-Fi Hotspot Market: Overview

Wi-Fi hotspot is the use of a physical location in order to gain access to the internet using the Wi-Fi technology a wireless land area network. These Wi-Fi hotspots may be found in a number of areas such as cafeterias, offices, hotel lobbies, houses, schools, universities, hospitals, bookstores, fuel stations and much more. The main disadvantage of the Wi-Fi hotspot is the security concern, which can be overcome by the end-to-end encryption.

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Global Wi-Fi Hotspot Market: Growth Factors

Increasing mobility, internet usages, and cloud applications are the factors driving the Wi-Fi hotspot market and network enterprises. The global political, technological, social and economic factors are also assumed to be the factors advancing the market size. The company’s security is more intact and flexible through the Wi-Fi use through the cloud, which is also a cost-effective technique on the other hand. The use of Wi-Fi hotspot in a number of business-mobility applications is also helping the Wi-Fi hotspot market grow. The use of the wireless local area network is cost-effective thus increasing the demand for the Wi-Fi-Hotspot market and thus helping both the large and small enterprises advance and manage their networks.

Global Wi-Fi Hotspot Market: Segmentation

The bifurcation of the Wi-Fi hotspot is based on the component, service, software, end-user, region and vertical. The component segment is further divided into mobile hotspot devices, wireless hotspot gateways as well as wireless hotspot controllers. The service segment is further bifurcated into managed services, consulting services, professional service and installation and integration services. The software segment is divided into cloud-based hotspot management, Wi-Fi hotspot billing software, centralized hotspot management, and Wi-Fi security software. The end-user segment is divided into communication service providers and network operators, enterprises and government. The vertical segment is divided into retail, transportation, healthcare, education, telecom and IT, financial services and hospitality. Lastly, the regional segment bifurcation is MEA, APAC, North America, Latin America and Europe.

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Global Wi-Fi Hotspot Market: Regional Analysis

According to Compound Annual Growth Rate, North America especially the US shows an escalated growth in the Wi-Fi hotspot market in terms of revenue. The other emerging regions in Asia-Pacific such as India and China are the regions expected to show high demand for healthcare, transportation, and telecom & IT sectors for the Wi-Fi hotspot market in turn leading to its rapid growth. Among the regions in Asia, Pacific China dominates the global market.

Global Wi-Fi Hotspot Market: Competitive Players

The notable players in the Wi-Fi hotspot market include Aruba Networks, Aptilo Networks, Nokia Networks, Cisco systems, Alcatel-Lucent, Ericsson, iPASS Inc., Ruckus Wireless, Boingo Wireless and Aruba Networks. The other key players such as Netgear, Motorola Solutions, and Ubiquiti Networks also contribute shares in the market. These competitors along with the other major players in the industry are likely to create a huge influence on the rising global Wi-Fi hotspot market.

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