The global Wi-Fi Hotspot Market is anticipated to grow at the rate of 18.5% CAGR to reach a valuation of USD 9.83 billion by 2027, from its valuation of USD 2.13 billion in 2019. Advent and commercialization of the 5G network technology are anticipated to boost the market’s growth as the introduction of Wi-Fi-based routers and modems in the enterprises is likely to augment the speed, bandwidth, and access to the internet on the premises. The advent of Bring Your Own Device (BYOD), the rising number of mobile applications, and the advancements in the network infrastructure are driving the demand for Wi-Fi hotspot solutions.

Wi-Fi Hotspots enables the small, large, and medium enterprises to manage their networks at minimal expenses. A Wi-Fi hotspot is a physical location or area where individuals can get access to the internet through Wi-Fi technology, assisted by the wireless local area network. Wi-Fi hotspots are critical to enterprises as they enhance data transmission, provide access to various applications, and offer seamless results. The market growth is predominantly driven by the rising demands for tablets, next-gen smartphones, and the rising use of connected devices.

However, security issues surrounding the extensive application of the wireless networks and increasing incidences of fraudulent data transmissions, phishing, and misconfigured APs, is anticipated to hinder the growth of the market over the coming years. Additionally, high investments and expensive maintenance costs, coupled with enormous data volumes, are presumed to halt the market’s growth further.

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Key participants include

Nokia Networks, Ipass, Aptilo Networks, Alcatel-Lucent, Ericsson, Motorola Solutions, Boingo Wireless, Netgear, Ruckus Wireless, Cisco Systems, Ubiquiti Networks, and Aruba Networks.

Further key findings from the report suggest

The global Wi-Fi Hotspot Market is anticipated to grow at the rate of 18.5% CAGR to reach a valuation of USD 9.83 billion by 2027, from its valuation of USD 2.13 billion in 2019.

The advent of Bring Your Own Device (BYOD), the rising number of mobile applications, and the advancements in the network infrastructure are driving the demand for Wi-Fi hotspot solutions.

Advent and commercialization of the 5G network technology are anticipated to boost the market’s growth as the introduction of Wi-Fi-based routers and modems in the enterprises is likely to augment the speed, bandwidth, and access to the internet on the premises.

With the enhancement in quality and advent of advanced technology, the global hotspots are seamlessly integrating with the conventional data networks such as 3G or 4G, cable, and fiber. This is anticipated to bolster the growth of the Wi-Fi hotspot market exponentially.

However, security issues surrounding the extensive application of the wireless networks and increasing incidences of fraudulent data transmissions, phishing, and misconfigured APs, is anticipated to hinder the growth of the market over the coming years.

Based on the component, the hardware segment is anticipated to show significant growth over the coming years due to the rising deployment of Wi-Fi routers and modems in the residential and business sectors.

The software segment is also anticipated to show significant growth driven predominantly by the rising adoption of software solutions among enterprises and the residential sector to manage access to Wi-Fi hotspots.

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For this report, Reports and Data have segmented into the global Wi-Fi Hotspot market on the basis of resin type, composite phases, industry vertical, and region:

By Component (Revenue, USD Million; 2017–2027)

Hardware

Software

By Application (Revenue, USD Million; 2017–2027)

Telecom & IT

Financial Services

Education

Healthcare

Hospitality

Others

By Services (Revenue, USD Million; 2017-2027)

Professional Services

Installation Services

Managed Services

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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