Wi-Fi Hotspot Market Competitive Dynamics & Global Outlook 2024

Wi-Fi Hotspot Market Competitive Dynamics & Global Outlook 2024

The Wi-Fi hotspot market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

The global Wi-Fi hotspot market is projected to witness exponential growth in the ensuing years, on account of rising penetration of smart devices across the globe, serving an array of purposes such as video calling, geo-tracking, temperature control, home security, entertainment, and much more. In an era embroiled by state-of-the-art technological advancements, the utilization of Wi-Fi hotspots holds more value than is estimated. A Wi-Fi hotspot creates an area with wireless internet accessibility, often used in places like airports, offices, colleges, and coffee shops.

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Wi-Fi hotspot market size was valued to be more than USD 10 Bn, with an installed base of nearly 300 Mn units. Primarily driven by the growing number of public Wi-Fi hotspots worldwide, the overall market is projected to grow at a CAGR of 12% over 2018-2024. In terms of the geographical landscape, Europe is currently the dominant region in market, holding more than 35 percent of the overall share, attributed to the adoption of Wi-Fi hotspots at public places.

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Asia Pacific is another lucrative Wi-Fi hotspot market, which is predicted to attain a CAGR of over 15 percent during 2018-2024, because of the immense proliferation of smartphones devices and a giant internet user base in the region. In the coming years, India will be a major contributor to the global market share, as the Indian telecom industry has plans to roll out about one million Wi-Fi hotspots by 2019-year end. Reportedly, Jio, BSNL, Vodafone, Airtel, and Idea, the leading telecom service operators, have joined forces to install one million Wi-Fi hotspots across the Indian territory in a year’s time.

Major Wi-Fi giants along the likes of Ipass, Nokia Networks, Aptilo Networks, Netgear, Ericsson, Boingo Wireless, Cisco Systems, and Aruba Networks partaking in the Wi-Fi hotspot market sphere, are expected to largely rely on collaborations and acquisitions to expand their revenue share in the ensuing years.

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