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(Wireless-NewsWire.Com, May 24, 2018 ) The increasing mobility in business due to introduction of Bring Your Own Device (BYOD) trend, growing number of business and vertical specific mobile applications, and development of advanced network infrastructure are driving the evolution of Wi-Fi Hotspot market. The Wi-Fi Hotspot is a crucial part of the enterprises, communication service providers, and network operators as the complete data transmission, smooth delivery and visibility of applications over Wi-Fi are critical for the businesses. The increasing number of mobile devices and smartphones by the employees is a key factor changing the business outlook in the digital world. The employees are using their personal devices to access the business networks and thus consuming more and more bandwidth. Now to resolve this issue and make the business transactions smoother within the organization, organizations are deploying Wi-Fi Hotspot solutions.
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The number of connected devices across the world is expected to grow enormously in the coming years which in turn will be responsible for increasing the complexity of the networks. To tackle this situation and in order to make a mark in the dynamic telecom environment, adoption of Wi-Fi Hotspot Market solutions by communication service providers and network operators is expected to rise significantly in the coming years. Enterprises and cloud service providers are also in their initial phase of deploying and leveraging Wi-Fi Hotspot solution in order to keep track of their networks which comprise enterprise connected devices. All the above mentioned factors are expected to accelerate the growth in the adoption of Wi-Fi Hotspot solutions globally.
Moreover, the introduction of IEEE 802.11 ac family of standards is a great opportunity for the growth of the Wi-Fi Hotspot market. This 802.11 ac wireless local area network (WLAN) offers promising high speed wireless transmission that can scale up to 1Gbps, and that is why 802.11 ac family standards are rapidly penetrating the market. The increase in business and vertical-specific mobile applications such as Oracle BI and SAP based vertical solutions, enterprises are pushed to adopt solutions to manage their applications over the network, as well as maintain its security.
Wi-Fi Hotspot Market enables these enterprises to maintain all mobile devices and smartphones, accessing the network ensuring network security. In the current business scenario, most of the organizations are facing problem of high performance integrated services, in terms of optimizing network performance. To unravel this issue of network and infrastructure performance, companies are adopting Wi-Fi Hotspot solution, as it is less costly and more efficient than traditional services.
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The rapid and exponential growth in the digitalization of various enterprises, businesses, and organizations has resulted in increase in demand for Wi-Fi Hotspot. However, many large enterprises, organizations and government entities are transforming their traditional business operations into high performance integrated business processes with the help of Wi-Fi Hotspot. Major players in the Wi-Fi Hotspot market are Aruba Networks, Cisco, Alcatel-Lucent, Ruckus Wireless, and Ericsson. These players along with the other present in the market are expected to make a big impact in this rapidly growing marketplace in the next five years.
Research Cosmos forecasts the Wi-Fi Hotspot market is expected to grow from $1,510 Million in 2015 to $3,325 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 17.1%. The market research report outlines the key trends, and market sizing and forecasting for various emerging sub-segments of the market. The report also emphasizes on key global adoption trends, future growth potential submarkets, key drivers, competitive outlook, restraints, and opportunities of Wi-Fi Hotspot ecosystem. It also provides insights into the current and future revenues of market from 2015 to 2020 and is aimed to provide the reader with an understanding of market drivers, current and upcoming players, and competitive landscape.
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