The global wi-fi hotspot market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2028, exhibiting a growth rate (CAGR) of 17.2% during 2023-2028.
Wi-Fi hotspots are internet access points that enable users to connect their mobile devices, such as smartphones or laptops, to a Wi-Fi network. They are highly convenient and allow users to get strong internet connections away from the office or home. They assist service providers or operators in increasing customer retention, building brand awareness, making pay-as-you-go transactions, and creating partnerships with mobile operators for offload. At present, they are available in public places, such as coffee shops, libraries, retail stores, hotels, and airports, across the globe.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Wi-Fi Hotspot Market Trends:
Increasing digitization, along with the deployment of smart infrastructure systems around the world, represents one of the key factors bolstering the growth of the market. Wi-fi hotspots help small, large, and medium enterprises manage their networks at a relatively lower cost. They also enhance data transmission, provide access to various applications, and offer seamless results. Apart from this, enterprises worldwide are implementing the trend of Bring Your Own Device (BYOD) that allows employees to work using their personal devices and accessing corporate network data and resources like email and applications. This can also be attributed to a considerable rise in the need for offering flexibility to employees on account of the coronavirus disease (COVID-19) outbreak, which is contributing to market growth. Furthermore, due to the boosting sales of smartphones, the growing presence of high-end network infrastructure and the rising deployment of 5G networks, there is a significant reliance on Wi-Fi hotspots in public spaces. In addition, leading market players are focusing on increasing speeds, quality of services, mobility, capacities and reducing latencies, which is anticipated to create a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wi-fi hotspot market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, software, services, end user and vertical.
Breakup by Component:
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Wireless Hotspot Gateways
Wireless Hotspot Controllers
Mobile Hotspot Devices
Breakup by Software:
Centralized Hotspot Management
Wi-fi Security Software
Wi-fi Hotspot Billing Software
Cloud Based Hotspot Management
Breakup by Services:
Professional Service
Installation and Integration Services
Consulting Services
Managed Services
Breakup by End User:
Communication Service Provider and Network Operators
Enterprises
Government
Breakup by Vertical:
IT and Telecom
Financial Services
Education
Healthcare
Hospitality
Transportation
Retail
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptilo Networks (Enea AB), AT&T Inc., Boingo Wireless Inc., CASA Systems, Cisco Systems Inc., Cloud4Wi Inc., D-Link Corporation, Huawei Technologies Co.Ltd., iPass Inc. (Pareteum Corporation), Netgear Inc., Sierra Wireless Inc, Superloop Limited, Telefonaktiebolaget LM Ericsson and Telstra Corporation Limited.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Component, Software, Services, End User, Vertical, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Aptilo Networks (Enea AB), AT&T Inc., Boingo Wireless Inc., CASA Systems, Cisco Systems Inc., Cloud4Wi Inc., D-Link Corporation, Huawei Technologies Co.Ltd., iPass Inc. (Pareteum Corporation), Netgear Inc., Sierra Wireless Inc, Superloop Limited, Telefonaktiebolaget LM Ericsson and Telstra Corporation Limited
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global wi-fi hotspot market was valued at US$ 4.7 Billion in 2022.
We expect the global wi-fi hotspot market to exhibit a CAGR of 17.2% during 2023-2028.
The growing sales of smartphones, increasing deployment of smart infrastructure systems, and rising
utilization of 5G networks, are some of the key factors driving the global wi-fi hotspot market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for wi-fi hotspot
services due to the high prevalence of remote working models and rising penetration of internet-
based solutions.
Based on the component, the global wi-fi hotspot market can be segregated into wireless hotspot
gateways, wireless hotspot controllers, and mobile hotspot devices. Currently, wireless hotspot
gateways exhibit a clear dominance in the market.
Based on the software, the global wi-fi hotspot market has been categorized into centralized hotspot
management, wi-fi security software, wi-fi hotspot billing software, and cloud-based hotspot
management. Among these, centralized hotspot management currently holds the majority of the
global market share.
Based on the services, the global wi-fi hotspot market can be divided into professional service,
installation and integration services, consulting services, and managed services. Currently,
professional service holds the largest market share.
Based on the end user, the global wi-fi hotspot market has been bifurcated into communication
service provider and network operators, enterprises, and government. Among these,
communication service provider and network operators account for the majority of the total market
share.
Based on the vertical, the global wi-fi hotspot market can be segmented into IT and telecom,
financial services, education, healthcare, hospitality, transportation, retail, and others. Currently, the
IT and telecom sector represents the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global wi-fi hotspot market include Aptilo Networks (Enea AB), AT&T Inc., Boingo Wireless Inc., CASA Systems, Cisco Systems Inc., Cloud4Wi Inc., D-Link Corporation, Huawei Technologies Co.Ltd., iPass Inc. (Pareteum Corporation), Netgear Inc., Sierra Wireless Inc, Superloop Limited, Telefonaktiebolaget LM Ericsson, and Telstra Corporation Limited.
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