The global voice over Wi-Fi (VoWiFi) market value stood at $2,035.3 million in 2019, and it is predicted to rise to $22,801.2 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 24.5% from 2020 to 2030 (forecast period). The rapid improvements being made in the overall quality of service (QoS) for users and increasing global Wi-Fi hotspot availability are the major factors fueling the progress of the market around the world.
The surging Wi-Fi hotspot coverage is one of the major factors driving the expansion of the market. Over the last few years, several governments have made huge investments in the deployment of Wi-Fi hotspots in public places. In 2017, there were around 124 million public wireless local area network (WLAN) and community hotspots across the world, which are predicted to rise to 550 million by 2022. Factors, such as higher speed and capacity of Wi-Fi and free access to Wi-Fi and community Wi-Fi hotspots, are supporting the growth of the market.
Depending on technology, the VoWifi market is classified into voice over LTE generic access (VoLGA), voice over IP multimedia subsystems (IMS), and circuit-switched fallback (CSFB). Out of these, the VoLGA category is predicted to demonstrate the highest growth rate in the coming years, on account of its ability to offer VoLTE services by using the network operator’s 4G infrastructure. The other major factor that is propelling the expansion of this category is that it does not need any alterations in the architecture, but utilizes a new separate gateway controller.
When end user is taken into consideration, the VoWiFi market is divided into commercial and residential categories. Of these, the residential category held larger share in the market over the last few years. Rapid advancements and increasing VoWiFi services in the residential category are credited to the various benefits provided by this technology, such as uninterrupted call services, even in places that don’t have a cellular network. The commercial category is predicted to demonstrate higher growth rate in the coming years, on account of the growing Wi-Fi network coverage at industrial parks, offices, and public places.
Across the globe, the Asia-Pacific (APAC) region is predicted to demonstrate the highest growth rate in the VoWiFi market in the forthcoming years. China was home to the largest VoLTE subscriber base in the region. Moreover, the country is home to several major telecom operators, such as China Mobile, China Unicom, and China Telecom. Further, other countries are also rapidly deploying Wi-Fi networks in major cities, thereby facilitating the growth of the market in the region.
Hence, the market is set for prosperity in the coming years, on account of the growing deployment of Wi-Fi in public places, such as airports, public parks, and commercial establishments, increasing internet penetration, and soaring use of smartphones, laptops, and various internet-connected devices all over the world.
The research report titled Global Wi-fi Hotspot Market is an all-inclusive document containing crucial data pertaining to sales and revenue of the Wi-fi Hotspot industry.
The report provides historical data (2017-2018) of the industry and provides valuable forecast information for the period of 2020-2027.
The report is formulated with the analysis of current and emerging trends based on the impact of the COVID-19 pandemic.
The pandemic has changed the dynamics of the market and has drastically shaken up the economic scenario of the world.
It also covers trends, demands, and growth rates impacted by the ongoing crisis.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1097Key players within the Wi-Fi hotspot Market include Nokia Networks (Finland), Ipass (US), Aptilo Networks (Sweden), Alcatel-Lucent (France), Ericsson (Sweden), Motorola Solutions (US), Boingo Wireless (US), Netgear (US), Ruckus Wireless (US), Cisco Systems (US), Ubiquiti Networks (US) and Aruba Networks (US) among other players.The forecast estimation states the global Wi-fi Hotspot market is expected to dominate the economic sphere of the world with significant growth in the coming years.
The current and emerging trends are expected to shape up the industry and help in gaining a strong foothold in the global market to contribute to the revenue generation.The Global Wi-fi Hotspot market is further analyzed on the basis of key companies operating in the business sphere and major geographical regions where the market has a substantial size and growth rate.Wi-Fi hotspot Market by Component (Revenue, USD Million, 2016-2026)Wireless Hotspot GatewaysWireless Hotspot ControllersMobile Hotspot DevicesWi-Fi hotspot Market by Software (Revenue, USD Million, 2016-2026)Centralized Hotspot ManagementWi-Fi Security SoftwareWi-Fi Hotspot Billing SoftwareCloud-Based Hotspot ManagementWi-Fi hotspot Market, by Service (Revenue, USD Million, 2016-2026)Professional ServicesInstallation and Integration ServicesConsulting ServicesManaged ServicesWi-Fi hotspot Market, by End-User (Revenue, USD Million, 2016-2026)Communication Service Provider & Network OperatorsEnterprisesGovernmentTo read more about the report @ https://www.reportsanddata.com/report-detail/wi-fi-hotspot-marketWi-Fi hotspot Market, by Vertical (Revenue, USD Million, 2016-2026)Telecom & ITFinancial ServicesEducationHealthcareHospitalityTransportationRetailOthersZonal Partition of the Market: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.The report covers extensive analysis of market segments that are anticipated to lead by the end of the forecast period (2020-2027).
The latest market study published by Reports and Data titled ‘Global Wi-fi Hotspot Market Report 2020 Forecast to 2026’ gives crucial data in the form of tables, charts, graphs, and figures in a holistic study of the Wi-fi Hotspot sector.
The study provides a detailed assessment of the industry to estimate the market size, share, value, volume, gross revenue, drivers, restraints, opinions of industry experts, valuable insights into the prospective growth of the market, and other industry-leading information.
Can the list of companies be customized subject to the regional markets we are targeting?As part of the regional analysis, the companies profiled in the report are Nokia Networks (Finland), Ipass (US), Aptilo Networks (Sweden), Alcatel-Lucent (France), Ericsson (Sweden), Motorola Solutions (US), Boingo Wireless (US), Netgear (US), Ruckus Wireless (US), Cisco Systems (US), Ubiquiti Networks (US) and Aruba Networks (US) and more.Yes, the list of players can be customized as per your research requirements, and we can also add emerging companies in your region of interest.
Is it possible to add specific countries or regions of interest?Currently, the research report focuses on the regions of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
3) Can the market be segmented based on applications or product types?Additional segmentation/Market breakdown is possible depending on data availability, feasibility, and timeline, among others.
**Additional countries subject to your interest can be included at no extra cost based on a feasibility test undertaken by our team of expert analysts to examine your requirements and will accordingly determine the time of delivery.Get the Discount on the Report, Visit here @ https://www.reportsanddata.com/discount-enquiry-form/1097To understand the Global (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Wi-fi Hotspot market dynamics in the global market, the report analyzes the presence of Wi-fi Hotspot across major geographical regions.
