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.
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The global Wi-Fi hotspot market has expanded at an unparalleled pace lately owing to the rapid adoption of smartphones and other Wi Fi-enabled smart devices. It was reported that the number of smartphone users has crossed the 2 billion mark and with new, more advanced products being offered consistently the smartphone market will observe remarkable growth. The number people using portable devices like laptops and tablets have increased, encouraging commercial and private sectors to install hotspots across various infrastructure, boosting the Wi-Fi hotspot industry revenue. As most of the public services have become available online throughout the world, governments are undertaking initiatives to develop the Wi-Fi hotspot market in their respective regions.
Providing a major propulsion to the Wi-Fi hotspot market, EU has called for applications from local authorities and will grand vouchers to about 2,800 municipalities for installing public hotspots. Even India, which is one of the fastest growing technology consumers in the world, is embracing the notion of offering easy access to the internet. In October this year the Bharat Wi-Fi project was announced which would involve installing nearly 1 million hotspots in the country by the end of 2019. Other developing nations can also be expected to pursue similar strategies to bolster their technology infrastructure and access to information, proliferating the Wi-Fi hotspot market.
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Elaborating further on the massive opportunities existing for the Wi-Fi hotspot market, Dunkin Donuts has over 9,100 cafes in the U.S. and has recently expressed its intentions to add nearly 1,000 new locations in the country. Dunkin Donuts customers utilize the internet services for browsing, using social networks, gaming and watching videos, all the while consuming their favorite donuts and coffee. The incredible size of the coffee market is demonstrated by the fact that almost 63% Americans drink coffee every day and a considerable number of this population consumes products from cafes.
Some Point from Table of Contents:
Chapter 5. Wi-Fi Hotspot Market, By Component
5.1. Key trends, by component
5.2.1. Market estimates and forecast, 2013 – 2024
22.214.171.124. Market estimates and forecast, 2013-2024
126.96.36.199. Market estimates and forecast, 2013-2024
5.2.4. Mobile Hotspot devices
188.8.131.52. Market estimates and forecast, 2013-2024
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Hotspot management software
184.108.40.206. Market estimates and forecast, 2013-2024
5.3.3. Security software
220.127.116.11. Market estimates and forecast, 2013-2024
5.3.4. Billing software
18.104.22.168. Market estimates and forecast, 2013-2024
5.3.5. Cloud-based software
22.214.171.124. Market estimates and forecast, 2013-2024
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