The growing adoption of BYOD policies and enterprise mobility among organizations are also driving the adoption of Wi-Fi hotspots among organizations

Sellbyville, DE -- (SBWire) -- 02/14/2019 --The Wi-Fi Hotspot Market is propelled by the growing number of government initiatives to develop high-speed Wi-Fi infrastructure. Government authorities are intensively involved in the development of public Wi-Fi infrastructure to nurture digital inclusion. The governments are deploying millions of Wi-Fi Hotspot devices across public access and government offices to provide free Wi-Fi services.

Technological advancements in the WLAN technology and the increasing integration of IoT devices are also accelerating the adoption of Wi-Fi hotspot devices. Technological advancements in the IoT have allowed the Wi-Fi technology to be used for more than just connecting to internet services. Wi-Fi is used for creating an interconnected network of multiple smart devices.

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Hardware segment in wi-fi hotspot market is expected to grow significantly over the forecast time with a CAGR of approximately 11%. The hardware market is driven by an increasing demand for mobile hotspot devices. Mobile hotspot devices allow users to connect to the internet service via 3G, 4G, and LTE networks. It is equipped with an LCD screen that displays signal strength, data consumption, and real-time network status. The increasing adoption of Wi-Fi services in automotive and the growing adoption of the smartphones are the major forces accelerating the adoption of mobile Wi-Fi hotspot devices. The software market is anticipated to grow substantially during the projected timeline.

The commercial application segment is anticipated to register a high growth rate in the wi-fi hotspot market over the projected time. The retail market is expected to grow rapidly due to the widespread adoption of Wi-Fi hotspot services at retail establishments. The retailers are using Wi-Fi-assisted technologies such as the IoT, mobile applications, and POS systems to predict their customer behavior and create a more personalized experience. The residential market is expected to grow due to the increasing data traffic caused by the rising consumption of rich media content.

The North America region holds a share of more than 25% in the wi-fi hotspot market. The presence of highly-developed network infrastructure along with high penetration of internet service and smartphone adoption fosters the demand for the Wi-Fi Hotspot devices. The widespread adoption of Bring Your Own Devices (BYOD) and enterprise mobility solution among organizations also promote the deployment of Wi-Fi hotspots in the market. In addition, the presence of prominent companies such as Cisco, AT&T, and Verizon is supporting market growth.

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The players operating in the wi-fi hotspot market are Ipass, Aruba Networks, Nokia Networks, Ruckus Wireless, Alcatel-Lucent, Aptilo Networks, Motorola Solutions, Cisco Systems, Netgear, Ericsson, Boingo Wireless, and Ubiquiti Networks.

The Wi-Fi hotspot market research report includes an in-depth coverage of the industry with estimates & forecast in terms of installed base in units and revenue in USD respectively from 2013 to 2024, for the following segments:

Wi-Fi Hotspot Market, By Component

o Hardware
o Gateways
o Controllers
o Mobile Hotspot Devices
o Software
o Hotspot Management Software
o Security Software
o Billing Software
o Cloud-based Software
o Services
o Professional
o Managed
o
Wi-Fi Hotspot Market, By Application

o Commercial
o Trains
o Hotels
o Planes
o Municipalities
o Retail
o Airports
o Cafes
o Community
o Residential
o Business

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