The global Wi-Fi
Hotspot Market is expected to reach USD 4 billion over the forecast
period and it is projected to grow at an approximate CAGR of over 16% over the
forecast period of 2016 to 2024. Surging use of mobile phones, tablets, and smart
devices are expected to remain a key driving factor for market growth over the
forecast period.
Increased
speeds, increased capacities, and reduced latencies, increased mobility and
increasing the quality of service are the key drivers expected to increase the
demand over the forecast period. Development of advanced network infrastructure
is expected to be a key driver for the growth of network operators.
Restraints
in the Wi-Fi hotspots market are owing to security concerns and meeting the
bandwidth requirement of the applications.
Security
concerns are due to data interception, misconfigured access points and wireless
phishing. High infrastructure network cost, high maintenance cost, and high
procurement cost are anticipated to hinder the market growth.
The
shifting trend from mobile data usage to Wi-Fi hotspot or mobile hotspot for
high quality and easy access are expected to offer lucrative growth
opportunities to the industry participants. Multipath interference and high
radio frequency range are expected to be the major challenges in the Wi-Fi
hotspot market.
The market
creates substantial opportunities over the forecast period. In a social,
growing smartphone world, the pattern of arrangement of broadband connections
is shifting and creating new requirements for the network operator.
The market
has been classified on the basis of components such as gateways, controllers,
and mobile devices. The controller specifies the location and size of the
network, gateway caters authentication and authorization and mobile devices
connect the nearby wireless device with the wireless network.
The market
has been classified on the basis of software such as Wi-Fi security software,
centralized hotspot management, Wi-Fi hotspot billing software, and cloud-based
hotspot management. Wi-Fi security software provides confidentiality, data
integrity, access control, encryption, and authentication.
Wi-Fi
hotspot billing software generates the bill for the utilized data in a cyclic
process. Cloud-based hotspot management is expected to drive the market over
the forecast period. It is primary to ease the remote management of wireless
network and it provides high network visibility, easy control, and low
operational cost. Installation of Wi-Fi through cloud-based hotspot management
reduces the cost of wifi and also enables the enterprise to have more
flexibility and security.
The market
has been segmented on the basis of industry vertical such as IT and telecom,
education, healthcare, hospitality, transportation, retail and financial
services. Surging IT & telecom sectors are expected to the drive the market
for the next eight years.
The market
has been segmented on the basis of service such as installation service,
consulting service and professional service. Expertise is guided to provide
service to the end-user.
The market
has been segmented on the basis of end-use industries includes network
operators and service providers, which provide the wireless network connections
to the enterprises.
North
America is expected to have significant growth over the forecast period owing
to increasing demand for cloud-based management software. The U.S. is expected
to be a dominating market over the forecast period owing to the development of
innovative technologies offering advanced hardware and software for wireless
networks.
The service
providers are efficient in some of the countries such as China, Taiwan, and the
U.S. Asia Pacific is also expected to have a substantial growth over the
forecast period owing to increasing usage of smartphone, tablet, and other
smart devices.
Some of the
major players in the market include Ericsson, Cisco System, Ruckus Wireless,
NovAtel, Franklin Wireless Corp., Samsung Electronics Co., NetComm Wireless
Ltd., Huawei Technologies Co. Ltd., ZTE Corp., and Sierra Wireless Inc.
The leading
player Cisco has undergone acquisition with Think Smart Technologies to enhance
the Cisco’s network infrastructure. ThinkSmart technologies are expected
to enhance the wireless network by providing location information and analytics
to service provider and enterprise customer.
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