The global Wi-Fi hotspot market was valued at $1,766 million in 2016, and is expected to reach $5,198 million by 2023, growing at a CAGR of 16.9% from 2017 to 2023.
Wi-Fi hotspot is a physical location, which allows people to access internet using wireless technology (WLAN) through mobile devices or laptops. In general, Wi-Fi is installed on public locations such as libraries, airports, hotels, and cafes.
This report analyzes and showcases the Wi-Fi hotspot market for various industry verticals, end users, and offerings. Wi-Fi comprises of components, software, and services.
These products are used across multiple industries including telecom and IT, financial services, education, healthcare, hospitality, transportation, retail, and others.
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The major factors that drive the market growth are increase in use of cell phones and smart devices, growth in adoption of Wi-Fi hotspots by hospitality, retail, and education sector, and adoption of carrier Wi-Fi by the network operators for data traffic offload.
Further, introduction of mobile hotspots and developing economies in Asia-Pacific and MEA is expected to offer growth opportunities for the Wi-Fi hotspot market.
The key players operating in the global Wi-Fi hotspot market industry include Aptilo Networks AB, Boingo Wireless, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., iPass, Inc., NETGEAR Inc., Nokia Corporation, and Ericsson.
These players have expanded their market presence in the global Wi-Fi hotspot market by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.
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