Wi-Fi Hotspot Market

Wi-Fi Hotspot Market by Components (Controllers, Gateways, and Mobile Devices), Services (Installation, Professional, Industrial, Commercial, and Consulting Service), Industry Verticals (IT & Telecom, Healthcare, Education, Transportation, Retail, and Finance), Software (Billing, Security, and Management), End-uses (Service Providers and Network Operators), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-489
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 198
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The global Wi-Fi hotspot market is projected to reach USD 2.5 billion by 2028, expanding at a CAGR of 15% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing usage of mobile data.
 

Wi-Fi Hotspot Market Key Takeaways


Wi-Fi hotspots are internet access points, which helps one connect to a Wi-Fi network through smartphone tablets or computers in the absence of a office or home network. These hotspots assist people to access internet connections faster than cellular networks.

Market Trends, Drivers, Restraints, and Opportunities:

  • Growth of the market is majorly driven by persistent demand for smartphones, tablets, and connected devices.
  • Voice, location, video, and content skills are increasing rapidly, which, is estimated to drive the market.
  • Advancement in technology has led to global hotspots being integrated with 3G & 4G, cable, and fiber.
  • Need for high-quality experience is rising, which is projected to boost the market.
  • Major factors responsible for the growth of the market are increased speed, increased capacities & quality of service, minimized latencies, and increased mobility.
  • Growing inclination towards social media and rising internet penetration are expected to drive the market.
  • Security issues related to use of Wi-Fi hotspots are projected to hamper the market growth.
  • Lack of authentication in public hotspots makes them weak and prone to hacking..
  • Rising cases of fraudulent activities such as misconfigured apps, wireless phishing, and data interception are expected to hamper the market growth.
  • Hackers are anticipated to use Wi-Fi hotspots to spread malware, which is expected to restrain the market growth.

Scope of the Report:

The report on the Wi-Fi hotspot market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Global Wi-Fi Hotspot Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Controllers, Gateways, and Mobile Devices), Services (Installation, Professional, Industrial, Commercial, and Consulting Service), Industry Verticals (IT & Telecom, Healthcare, Education, Transportation, Retail, and Finance), Software (Billing, Security, and Management), End-uses (Service Providers and Network Operators), and Regions

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Ericsson, Samsung Electronics Co., Cisco System., Ruckus Wireless, NovAtel, Huawei Technologies Co. Ltd., Sierra Wireless Inc., Franklin Wireless Corp., ZTE Corp., and NetComm Wireless Ltd

 

Market Segment Insights:

The gateways segment is expected to hold a major market share of the total revenue during the forecast period
Based on components, the global Wi-Fi hotspot market is segregated as controllers, gateways, and mobile devices. The gateways segment is projected to expand at a high CAGR during the forecast period. The growth of the segment is attributed to high implementation of Wi-Fi hotspots in business and residential segment. Gateways are used to offer authorization, authentication, and accounting for a wired and wireless network. Increased IP traffic and internet-enabled devices are driving the gateway devices market. Additionally, adoption of cloud-based network among several enterprises is expected to boost the market.
 

Wi-Fi Hotspot Market  By Components


The commercial segment is expected to expand at a robust CAGR during the forecast period
On the basis of services, the global Wi-Fi hotspot market is fragmented as installation, professional, industrial, commercial, and consulting service. The growth of the commercial segment is attributed to rising penetration of internet and increasing usage of smartphones and tablets across various countries in the world. The retail sector held more than 40% share of the commercial segment. Retailers are opting for Wi-Fi hotspots as a key marketing strategy to improve customer experience. Moreover, retailers are offering free Wi-Fi services to their customers to engage them and gain an edge over competitors. Internet service provided at discounted prices and unlimited data is encouraging the adoption of Wi-Fi at homes.

The industrial segment is expected to expand at a high CAGR during the forecast period. Incorporation of Wi-Fi with home automation and smart home solutions drives the segment.

The IT & telecom segment is expected to hold a major market share of the total revenue during the forecast period
In terms of industry verticals, the global Wi-Fi hotspot market is classified as IT & telecom, healthcare, education, transportation, retail, and finance. The IT & telecom segment is projected to expand at a rapid pace during the forecast period.

The billing segment is projected to expand at a high CAGR during the forecast period
On the basis of software, the global Wi-Fi hotspot market is segregated as billing, security, and management. The growth of the software segment is attributed to rising adoption of customized software among the consumers. Moreover, the software systems are used by organizations to track data consumption per user and create bill invoice for the user. The billing software includes the algorithms of billing cycles. Security software identifies and prevents security issues. Several networks are managed centrally by management software.

The market in Asia Pacific is projected to hold a key revenue share during the forecast period
In terms of regions, the global Wi-Fi hotspot market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to expand at a robust CAGR during the forecast period. The market in China is projected to contribute a major share of the regional market. Growth of the market in China is attributed to high demand and low labor cost. Other regions of Asia Pacific are estimated to expand at a rapid pace, owing to advanced infrastructure, which in turn, helps generate high revenues for local manufacturers.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wi-Fi Hotspot Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wi-Fi Hotspot Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wi-Fi Hotspot Market - Supply Chain
  4.5. Global Wi-Fi Hotspot Market Forecast
     4.5.1. Wi-Fi Hotspot Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wi-Fi Hotspot Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Wi-Fi Hotspot Market Absolute $ Opportunity
5. Global Wi-Fi Hotspot Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Wi-Fi Hotspot Market Size and Volume Forecast by End Users
     5.3.1. Service Providers
     5.3.2. Network Operators
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Wi-Fi Hotspot Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Wi-Fi Hotspot Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Wi-Fi Hotspot Demand Share Forecast, 2019-2026
7. North America Wi-Fi Hotspot Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Wi-Fi Hotspot Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Wi-Fi Hotspot Market Size and Volume Forecast by End Users
     7.4.1. Service Providers
     7.4.2. Network Operators
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Wi-Fi Hotspot Demand Share Forecast, 2019-2026
8. Latin America Wi-Fi Hotspot Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Wi-Fi Hotspot Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Wi-Fi Hotspot Market Size and Volume Forecast by End Users
     8.4.1. Service Providers
     8.4.2. Network Operators
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Wi-Fi Hotspot Demand Share Forecast, 2019-2026
9. Europe Wi-Fi Hotspot Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Wi-Fi Hotspot Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Wi-Fi Hotspot Market Size and Volume Forecast by End Users
     9.4.1. Service Providers
     9.4.2. Network Operators
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Wi-Fi Hotspot Demand Share Forecast, 2019-2026
10. Asia Pacific Wi-Fi Hotspot Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Wi-Fi Hotspot Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Wi-Fi Hotspot Market Size and Volume Forecast by End Users
     10.4.1. Service Providers
     10.4.2. Network Operators
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Wi-Fi Hotspot Demand Share Forecast, 2019-2026
11. Middle East & Africa Wi-Fi Hotspot Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Wi-Fi Hotspot Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Wi-Fi Hotspot Market Size and Volume Forecast by End Users
     11.4.1. Service Providers
     11.4.2. Network Operators
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Wi-Fi Hotspot Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Wi-Fi Hotspot Market: Market Share Analysis
  12.2. Wi-Fi Hotspot Distributors and Customers
  12.3. Wi-Fi Hotspot Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Ericsson
     12.4.2. Samsung Electronics Co.
     12.4.3. Cisco System.
     12.4.4. Ruckus Wireless
     12.4.5. NovAtel
     12.4.6. Huawei Technologies Co. Ltd.
     12.4.7. Sierra Wireless Inc.
     12.4.8. Franklin Wireless Corp.
     12.4.9. ZTE Corp.
     12.4.10. NetComm Wireless Ltd

Segments Covered in the Report:
The global Wi-Fi hotspot market has been segmented on the basis of

Services

  • Installation
  • Professional
  • Industrial
  • Commercial
  • Consulting Service

Components

  • Controllers
  • Gateways
  • Mobile Devices

Industry Verticals

  • IT & Telecom
  • Healthcare
  • Education
  • Transportation
  • Retail
  • Finance

Software

  • Billing
  • Security
  • Management

End-Uses

  • Service Providers
  • Network Operators

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players in the global Wi-Fi hotspot market include Ericsson, Samsung Electronics Co., Cisco System., Ruckus Wireless, NovAtel, Huawei Technologies Co. Ltd., Sierra Wireless Inc., Franklin Wireless Corp., ZTE Corp., and NetComm Wireless Ltd. In August 2015, Ericsson launched wireless LTE service network in island of Saipan. In August 2014, Cisco Systems launched a network for medium-sizes Wi-Fi hotspot setups.
 

Wi-Fi Hotspot Market Key Players

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