Market Size – USD 1.8 billion in 2018, Market Growth – CAGR of 18.5%, Market Trends – Increasing demand for mobile phones and smart devices
The Wi-Fi hotspot Market is expected to grow from USD 1.8 billion in 2018 to USD 8.3 billion by 2026, at a CAGR of 18.5% during the forecast period. The increasing mobility in business due to the advent of Bring Your Own Device (BYOD) trend, increasing vertical specific mobile applications and number of business, and development of advanced network infrastructure are encouraging Wi-Fi Hotspot market. The Wi-Fi Hotspot is a critical part of the enterprises, communication service providers, and network operators as the complete data transmission, seamless result, and visibility of applications over Wi-Fi are crucial for the businesses.
The increasing number of mobile devices and smartphones with employees is an important factor in changing the business outlook in the digital world. Fulfilling the bandwidth requirement of the applications and security issue are the major restraints of the market.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Wi-Fi hotspot market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Wi-fi Hotspot Market by Component (Wireless Hotspot Gateways, Wireless Hotspot Controller, Mobile Hotspot Devices), Software (Centralized Hotspot Management, Cloud-Based Hotspot Management, Wi-Fi Security Software, Wi-Fi Hotspot Billing Software), Service (Professional Services, Installation and Managed Services), and Geography-Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/checkout-form/1097
Further key findings from the report suggest
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For this report, the market has been divided into segments on the basis of Component, Software, Service, End-User, Vertical, and Region:
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