Wi-Fi Hotspot Market size is set to exceed USD 23 billion by 2024, according to a new research report by Global Market Insights, Inc. The global Wi-Fi hotspot market is projected to witness exponential growth in the ensuing years, on account of rising penetration of smart devices across the globe, serving an array of purposes such as video calling, geo-tracking, temperature control, home security, entertainment, and much more. In an era embroiled by state-of-the-art technological advancements, the utilization of Wi-Fi hotspots holds more value than is estimated. A Wi-Fi hotspot creates an area with wireless internet accessibility, often used in places like airports, offices, colleges, and coffee shops.

In the year 2017, Wi-Fi hotspot market size was valued to be more than USD 10 Bn, with an installed base of nearly 300 Mn units. Primarily driven by the growing number of public Wi-Fi hot-spots worldwide, the overall Wi-Fi hotspot market is projected to grow at a CAGR of 12% over 2018-2024. In terms of the geographical landscape, Europe is currently the dominant region in Wi-Fi Hotspot market, holding more than 35 percent of the overall share, attributed to the adoption of Wi-Fi hotspots at public places.

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Asia Pacific is another lucrative Wi-Fi hotspot market, which is predicted to attain a CAGR of over 15 percent during 2018-2024, because of the immense proliferation of smartphones devices and a giant internet user base in the region. In the coming years, India will be a major contributor to the global market share, as the Indian telecom industry has plans to roll out about one million Wi-Fi hotspots by 2019 year end. Reportedly, Jio, BSNL, Vodafone, Airtel, and Idea, the leading telecom service operators, have joined forces to install one million Wi-Fi hotspots across the Indian territory in a year’s time.

Considering the current scope of Wi-Fi hotspots in the public & private spaces, it would not be incorrect to state that the Wi-Fi hotspot market is set to emerge as one of the most opportunistic commercial arenas of recent times.

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An insight into the competitive landscape of Wi-Fi hotspot market:

Aptilo Networks

Aptilo Networks, a producer and marketer of software systems for Wi-Fi services & mobile data, holds a strong footprint in the global Wi-Fi hotspot market inspired by innovative & customer-centric solutions. In a recent turn of events, Aptilo Networks along with Swisscom has won the Wi-Fi NOW Award for the 'Best Wi-Fi Service Provider', besides securing the award for 'Best Service Provider Wi-Fi solution' for its novel Consent & Personal Data Management Solution.

Lately, Swedavia, which owns and manages the top Sweden airports, has reportedly extended its decade-long collaboration with Aptilo Networks to provide carrier’s Wi-Fi services to all state-owned airports in Sweden. Swedavia runs ten airports including Bromma Stockholm Airport, Göteborg Landvetter Airport, and Stockholm Arlanda Airport. Roughly 30,000 people use Swedavia’s Wi-Fi facility daily. This ongoing collaboration will bring about an abundant revenue in-flow for Aptilo Networks, thereby augmenting Wi-Fi hotspot industry.

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Boingo Wireless

Boingo Wireless, an American company offering mobile Internet access for wireless-enabled consumer devices, has won the ‘Best Wi-Fi Service’ award eight times, given by Global Traveler magazine, on account of premium, prompt, and innovative solutions for keeping the world connected. Boingo Wireless has recently announced that it would be launching its exemplary Wi-Fi services at 54 airports in Brazil, which are managed by Infraero, one of the biggest operators of commercial airports worldwide.

In a recent turn of events, Boingo Wireless has announced that it would acquire Elauwit Networks, LLC, a foremost provider of high-speed Wi-Fi & technology solutions to the students and multi-family housing market, for a total cash value of $28.0 Mn. In view of this deal, Boingo expects to enlarge its operative market for venues by an added 16 Mn multi-dwelling units across the U.S., thereby significantly boosting Wi-Fi hotspot market share.

The explosion of innovative technology, smart solutions, and the momentous rise in the tech-savvy population are considered as the major drivers for market over the approaching years. Major Wi-Fi giants along the likes of Ipass, Nokia Networks, Aptilo Networks, Netgear, Ericsson, Boingo Wireless, Cisco Systems, and Aruba Networks partaking in the Wi-Fi hotspot industry sphere, are expected to largely rely on collaborations and acquisitions to expand their revenue share in the ensuing years.

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