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Wi-Fi Hotspot Market Outlook: Mobile Hotspot Devices Segment to Grow at A CAGR of 17% Over 2018 - 2024

Author : Ronak Bora | Published Date : 2019-03-25 

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. Government organizations are working with telecom service providers, internet service providers, and technology players to provide unlimited economical services to individuals.

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The increasing adoption of smartphones and rising internet penetration also acts as a major force that is promoting the deployment of Wi-Fi hotspot. Furthermore, the rising adoption of enterprise mobility solutions and Bring Your Own Devices (BYOD) policies among the organization also augments the demand for the Wi-Fi hotspot market.  

The mobile hotspot devices are anticipated to attain CAGR of over 17% during the projected timespan. The advancements in WLAN technology and the growing incorporation of IoT devices are driving the adoption of the Wi-Fi Hotspot among the residential and business space. The advancements in technology have allowed the Wi-Fi technology to interconnect multiple devices into a network. Moreover, the rapid adoption of the mobile hotspot devices into the automotive also augments their demand in the wi-fi hotspot market.

Wi-Fi Hotspot is being widely used in the commercial and community spaces. The commercial application holds over 15% share in the Wi-Fi Hotspot market. The rapid deployment of Hotspots across the public spaces to provide free internet access to the individuals is the primary factor driving the market growth. Moreover, the supportive government initiatives for the development of network infrastructure and digitalization also act as a major factor propelling the demand for the Wi-Fi Hotspot in the commercial space.

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The deployment of Wi-Fi Hotspot in the community space is anticipated to grow at a CAGR of over 12% during the projected timeline. The growing adoption of home automation and smart home solutions among the residential space is accelerating the adoption and demand for Wi-Fi Hotspot. Furthermore, the growing adoption of smart devices and the rise in disposable income of the population in developing countries also encourage the demand for wi-fi hotspot market.

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 companies are focused on entering into strategic partnerships with other vendors to strengthen their product capabilities and increase their customer base.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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