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Gigabit WiFi Hotspot Market By Component (WiFi Access Points, WiFi LAN Controller), By Data Delivery (<868 MBPS, 868 to 1300 MBPS), By End-Use (Residential, Commercial/Industrial) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

The Increasing Adoption of Smart Devices is Driving the Growth of the Gigabit wifi Hotspot Market.

Globally, the gigabit wifi hotspot market is expected to grow with a CAGR of 14.2% during the forecast period from 2019 to 2027. The market is driven by the increasing adoption of smart devices across the globe. Over the past decade, a significant rise in smart devices has been witnessed. As a result, the total number of smartphones worldwide has crossed 2 billion marks, and the number is further estimated to increase in the future. The increasing adoptions of internet penetration along with the decline in the price of smartphones are the primary factor accelerating the adoption of smart devices.

The growing digitalization across the enterprises and the rising adoption of the enterprise mobility solution are the major forces propelling the adoption of the gigabit wifi hotspot devices. Furthermore, the increasing adoption of wifi hotspot devices across manufacturing facilities and healthcare institutes is further driving the market growth. However, data safety and security issues associated with wifi Hotspots are hindering the adoption of the market growth. Moreover, the requirement for the high bandwidth necessity of the application is inhibiting the market growth.

Market Synopsis

Wifi Access Point is Estimated to Grow Significantly During the Forecast Period  

The gigabit wifi hotspot market is segmented based on the component into wireless access points and LAN controllers. The Wifi LAN controller market was estimated to account for more than 52% of the revenue in 2018. The market growth is credited to the wide-scale adoption of the wifi controllers among commercial and industrial facilities. In addition, wifi access points are estimated to grow significantly during the forecast period due to the increasing adoption of internet-enabled devices across residential and commercial facilities.

North America Led the Gigabit wifi Hotspot Market      

North America led the global gigabit wifi hotspot market in 2018 with a market share of more than 30%. The market is driven by the large-scale adoption of the wifi hotspot in public places and enterprises across the region. In addition, the well-developed 4G and network infrastructure across the area is also a significant factor in accelerating the adoption of the gigabit wifi hotspot market. Moreover, the increasing adoption of smart devices is further propelling market growth.

The major vendors in the gigabit wifi hotspot market are Alcatel Lucent, Aerohive Network, Cisco Systems Inc., Ericsson, Edgecore Networks, HPE (Aruba Networks), Mojo Networks Inc., Huawei Technologies, Nokia Networks, Ubiquiti Networks, Ruckus Wireless, and ZTE Corporation.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The gigabit wifi hotspot market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global gigabit wifi hotspot market based on components, data delivery rate, end-use, and geography.

Frequently Asked Questions

The market for Gigabit WiFi Hotspot is expected to reach US$ 33.81 Bn in 2027.

The Gigabit WiFi Hotspot market is expected to see significant CAGR growth over the coming years, at 14.2%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Aerohive Network, Alcatel Lucent, Cisco System Inc., Edgecore Networks, Ericsson, HPE (Aruba Networks), Huawei Technologies, Mojo Network, Nokia Network are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60121
Report Format:   PDF
Pages:   120
Rating:    4.4 (49)
Delivery Time: 24 Hours to 48 Hours   
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