The latest report on Wi-Fi Hotspot Market by Infinium Global Research gives complete coverage of the Wi-Fi Hotspot Market by component (mobile devices, wireless hotspot controllers), software (cloud-based, centralized management, Wi-Fi security software), end-user (retail, telecom & it, transportation, financial services, hospitality, education, healthcare) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Wi-Fi Hotspot such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Home Security, Video Calling, Entertainment, Geo-Tracking, Temperature Control and Ample More Drives the Growth of the Wi-Fi Hotspot Market
Wi-Fi hotspot is an accessible wireless network that is mainly used in public areas such as airport, railway station, and coffee shops, offices, hotel lobbies, houses, schools, universities, hospitals, bookstores and, many more. Earlier it was largely assumed that 4G would make Wi-Fi obsolete. However, its significance has only increased due to an explosion of advanced consumption devices and the need to stay connected. More prominently, using cellular and Wi-Fi organized in a mobile device has now become a consumer prospect.
The Wi-Fi hotspot transmits at frequencies of 2.4 GHz or 5 GHz. This frequency is considerably higher than the frequencies used for cell phones, walkie-talkies, and televisions. When the phone is coupled to the mobile data network it can convert the data stream into a Wi-Fi signal for other devices to share. Utmost Android handsets can connect up to 10 users at a time. iPhones are a little different, from the 4S model to today’s iPhone X, they can accommodate up to five client networks. Mobile hotspots are easier to function than USB sticks and most frequently do not require any special software.
Wi-Fi hotspots and portable hotspots approve numerous devices to connect at the same time and frequently connect any Wi-Fi-enabled device within about 30 feet. Increasing perception of the smart devices across the globe such as home security, video calling, entertainment, geo-tracking, temperature control and ample more drives the growth of the Wi-Fi hotspot market. For 2020 the number of public Wi-Fi hotspots is forecast to rise to 454 million. Moreover, Mobile phone carriers are progressively organizing SIM-based Wi-Fi that serves as an extension of the wireless broadband network. This, in turn, is augmenting the growth of the Wi-Fi hotspot market.
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Wi-Fi Market is Expected to Continue to Make an Impact on How Businesses and Consumers Access the Internet
The increasing adoption of bringing your own device (BYOD) policies among various organizations are strengthening the market growth. This policy has been adopted to increase efficiency, performance and consumer satisfaction. However, security issues associated with the use of the wireless network are likely to curtail the growth of the Wi-Fi Hotspot market. The dearth of authentication requirements and growing fraudulent activities such as interception and misconfigured access points are anticipated to hamper the reliability of the network.
Furthermore, the Wi-Fi market is expected to continue to make an impact on how businesses and consumers access the Internet. With new technologies and competition, the Wi-Fi market will influence many changes. With the advent of new technologies, the Wi-Fi hotspots are participating evidently to overcome conventional 3G/4G, fiber, and cable. Introduction of IEEE 802.11 ac family of standards is anticipated to create several growth opportunities for the key players for the growth of the Wi-Fi hotspot market. On the other hand, the upsurge of speed increased the quality of service, and increased mobility has led to the widespread adoption of VoWiFi (digital voice over Wi-Fi). This has created a new era of competition between large broadband providers and mobile wireless carriers.
Among the geographies, Europe dominated the Wi-Fi hotspot market. The growth in the European region is due to the high adoption of Wi-Fi hotspot in the public places and also the presence of well-developed network infrastructure and 4G network. The government of U.K has launched the GovWifi initiative to replace the existing network in government offices with a single secure Wi-Fi Hotspot network.
The other developing regions in Asia-Pacific such as India and China are the regions expected to show high demand for healthcare, transportation, and telecom & IT sectors. The Indian Wi-Fi market, on the other hand, is projected to grow 7 times faster than the global market. Today’s over 500 million mobile subscribers are using the Internet and it is likely to touch around 1.3 billion actual human users in the next three years and that would be over 90% of our country’s total population. Moreover, the Indian government along with Google is planning to deploy more than 400 Wi-Fi hotspots at railway stations across the country.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Wi-Fi Hotspot.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.