2014-02-13 04:32:02 - Global WiFi Hotspot Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Wi-Fi Hotspot market is to grow at a CAGR of 0.84 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased use of mobile devices. The Global Wi-Fi Hotspot market has also been witnessing increased adoption of Wi-Fi services in smart homes. However, security issues associated with the use of wireless networks could pose a challenge to the growth of this market.
The main trend witnessed by the Global Wi-Fi Hotspot market is the growing popularity of the new wireless computing networking standard, 802.11ac. Though 802.11n is the current popular standard used across the globe, 802.11ac is expected to be widely adopted as it is capable of providing higher data transfer
speeds (as high as 1Gbps). Its wireless network spectrum is clearer than the existing 802.11n, and thus has less interference issues. This standard is highly suitable for video streaming, and hence is expected to be widely used in the future.
A major driver of the Global Wi-Fi Hotspot market is the increased use of mobile devices. The increased adoption of smartphones and tablets and their increased use to access the internet when travelling is driving the demand for Wi-Fi hotspots. Wi-Fi hotspots allow people to access the high-speed internet in a particular location or building. Hence, the increased use of mobile devices is driving the demand for Wi-Fi hotspots, leading to the growth of the market.
Security is a serious issue faced by vendors and consumers when using wireless networks. As several costumers use Wi-Fi hotspots at the same time, it would not always be secure and this poses a security threat for them and the vendor. Network hackers can easily access sensitive information or corrupt the network if the wireless connection between the user and the access point is not encrypted. Therefore, it is extremely risky to use these hotspots to transfer confidential data. Thus, security issues pose a major threat for the growth of the Global Wi-Fi Hotspot market.
The key vendors dominating this space include Cisco Systems Inc., Ericsson Inc., Novatel Wireless Inc., Ruckus Wireless Inc., and Samsung Electronics Co. Ltd. The other vendors mentioned in the report are Franklin Wireless Corp., Huawei Technologies Co. Ltd., NetComm Wireless Ltd., Sierra Wireless Inc., and ZTE Corp.
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