Wi-Fi Hotspot Market Size is Projected to Reach US$ 11.76 Billion by 2027, Industry CAGR 19.7% | IMARC Group
According to IMARC Group’s latest report, titled “Wi-Fi Hotspot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. the global wi-fi hotspot market reached a value of US$ 3.98 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 11.76 Billion by 2027, exhibiting at a CAGR of 19.7% during 2022-2027.
WiFi hotspots refer to a physical location that aid people access faster internet connections on their mobile devices, including laptops or smartphones, to a Wi-Fi network. Several businesses, cities, and other organizations are providing WiFi hotspots for public usage. They are extremely convenient and allow users to get strong internet connections away from the office or home. At present, they are widely available at hotels, airports, cafes, and retail stores.
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Global Wi-Fi Hotspot Market Trends:
The increasing demand for high-speed internet represents one of the key factors driving the market growth. In addition to this, the rising usage of smart infrastructure systems, coupled with widespread digitization across the globe is contributing to the growth of the market. Moreover, the increasing adoption of Bring Your Own Device (BYOD) policies and enterprise mobility among various organizations are also bolstering the adoption of Wi-Fi Hotspots to enhance employee efficiency, performance, and satisfaction. This received a further boost during the COVID-19 pandemic, which facilitated the adoption of virtual working models, thus, in turn, driving the market growth. Other factors, such as the significant technological advancements, the rising deployment of 5G networks, increasing consumer expenditure capacities, and the boosting sales of smartphones, are creating a positive outlook for the market further across the globe.
Wi-Fi Hotspot Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global wi-fi hotspot market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aptilo Networks
- Enea AB
- AT&T Inc.
- Boingo Wireless Inc.
- CASA Systems
- Cisco Systems Inc.
- Cloud4Wi Inc.
- D-Link Corporation
- Huawei Technologies Co.Ltd
- iPass Inc. (Pareteum Corporation)
- Netgear Inc.
- Sierra Wireless Inc,
- Superloop Limited
- Telefonaktiebolaget LM Ericsson
- Telstra Corporation Limited
Key Market Segmentation:
The report has segmented the global wi-fi hotspot market on the basis of component, software, services, end user, vertical and region.
Breakup by Component:
- Wireless Hotspot Gateways
- Wireless Hotspot Controllers
- Mobile Hotspot Devices
Breakup by Software:
- Centralized Hotspot Management
- Wi-fi Security Software
- Wi-fi Hotspot Billing Software
- Cloud Based Hotspot Management
Breakup by Services:
- Professional Service
- Installation and Integration Services
- Consulting Services
- Managed Services
Breakup by End User:
- Communication Service Provider and Network Operators
- Enterprises
- Government
Breakup by Vertical:
- IT and Telecom
- Financial Services
- Education
- Healthcare
- Hospitality
- Transportation
- Retail
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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