Wi-Fi Hotspot Market Size

Wi-Fi Hotspot Market Size

Wi-Fi Hotspot Market size estimated at over USD 10 billion with installed base of approx. 300 million units in 2017 and is anticipated to grow at a CAGR of 12% to 2024.

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The Wi-Fi hotspot market is driven by the increasing penetration of smart devices across several countries. The adoption rate of smart devices is ten times than the adoption rate of personal computers in the 1980s, three times faster than the adoption of social media and two times faster than the adoption of the internet in 1990s. The total number of smartphone users across the globe has crossed 2 billion, up from 640 million users in 2012 and the number is further anticipated to increase in the future. The growing adoption is attributed to the increasing trend of social media and growing internet penetration. The availability of low-cost smartphones in the developing countries such as India and China are also fostering the adoption of smartphones.

The growing adoption of BYOD policies and enterprise mobility among organizations are also driving the adoption of Wi-Fi hotspots among organizations. The organizations are rapidly moving toward BYOD policies to increase employee satisfaction, efficiency, and performance. It also helps in reducing upfront expenses associated with the establishment of digital infrastructure facilities with their employees. Allowing employees to use their own personal assets makes them more responsive and amenable to work for longer durations. In addition, it also enables companies to bridge the gap between desk-bound employees & their non-desk counterparts.  

The security issues associated with the use of Wi-Fi hotspots are hindering their adoption. The lack of authentication requirements in public Wi-Fi hotspots makes them more vulnerable to cyber-attacks and the risk of hacking. Hackers can easily gain access to the network and misuse sensitive information. Moreover, hackers can also use Wi-Fi hotspots to distribute malware. Hence, consumers and enterprises are reluctant about adopting Wi-Fi Hotspot solutions.