Wi-Fi Hotspot Market Is Expected to Reach 3.5 Billion by 2023.

Wi-Fi hotspot market size was valued over USD 1.5 billion in 2015 and is likely to reach around USD 3.5 billion by 2023, growing over 17%. Primary industry drivers include rising internet user population for personal and professional work.

Escalating mobility owing to introduction of bring your own device trend and expansion of advanced network infrastructure is likely to drive Wi-Fi hotspot market size evolution. It is a vital division for the enterprises, network operators and communication service providers. It offers absolute data transmission, visibility and smooth delivery of applications. The growing usage of personal devices to access the business networks in order to consume high bandwidth by employees is anticipated to surge industry growth.

Cloud service providers and enterprises are also in initial phase of leveraging and deploying hotspot solution. The aforementioned factors are likely to surge the demand over the forecast period. The introduction of IEEE 802.11 ac is anticipated to furnish huge potential gains for the industry growth. The 802.11 ac wireless local area network provides high speed wireless transmission to over 1 Gbps and is rapidly penetrating the industry.

North America, particularly the U.S. Wi-Fi hotspot market size is estimated to exhibit considerable growth over the forecast period. The spur in the region can be attributed to rising demand from verticals such as healthcare, transportation and telecom & IT sectors. Asia pacific, mainly China and India Wi-Fi hotspot market is likely to emerge as a high growth region over the forecast period. China alone has deployed over 620,000 Wi-Fi hotspots in 2014 and is likely to continue its dominance.

Wi-Fi Hotspot market enables the enterprises to uphold the smart devices, ensuring network security. Key players are expected to adopt these solutions in order to counter problems related to infrastructure and network performance. These solutions are cost effective and are more efficient...