The global WiFi 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 WiFi hotspots holds more
value than is estimated. A WiFi hotspot creates an area with wireless
internet accessibility, often used in places like airports, offices,
colleges, and coffee shops.
In the year 2017, WiFi 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 WiFi
hot-spots worldwide, the overall WiFi 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 WiFi Hotspot market, holding more than 35 percent of the overall share, attributed to the adoption of WiFi hotspots at public places.
Asia Pacific is another lucrative WiFi
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 WiFi
hotspots by 2019 year end. Reportedly, Jio, BSNL, Vodafone, Airtel, and
Idea, the leading telecom service operators, have joined forces to
install one million WiFi hotspots across the Indian territory in a
year’s time.
Considering the current scope of WiFi
hotspots in the public & private spaces, it would not be incorrect
to state that the WiFi hotspot market is set to emerge as one of the
most opportunistic commercial arenas of recent times.
An insight into the competitive landscape of WiFi hotspot market:
Aptilo Networks
Aptilo Networks, a producer and marketer
of software systems for WiFi services & mobile data, holds a strong
footprint in the global WiFi hotspot market inspired by innovative &
customer-centric solutions. In a recent turn of events, Aptilo Networks
along with Swisscom has won the WiFi NOW Award for the ‘Best WiFi
Service Provider’, besides securing the award for ‘Best Service Provider
WiFi 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 WiFi 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 WiFi
facility daily. This ongoing collaboration will bring about an abundant
revenue in-flow for Aptilo Networks, thereby augmenting WiFi hotspot
industry.
Boingo Wireless
Boingo Wireless, an American company
offering mobile Internet access for wireless-enabled consumer devices,
has won the ‘Best WiFi 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 WiFi 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 WiFi & 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 WiFi 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 WiFi hotspot market over the
approaching years. Major WiFi giants along the likes of Ipass, Nokia
Networks, Aptilo Networks, Netgear, Ericsson, Boingo Wireless, Cisco
Systems, and Aruba Networks partaking in the WiFi 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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