Captive Portal Market Growth to $1.7 Billion by 2028
The captive portal market growth is projected to grow from USD 0.9 billion in 2023 to USD 1.7 billion by 2028, at a CAGR of 13.4% during the forecast period.
The primary factor driving the captive portal market’s
growth is monetizing public Wi-Fi. Wi-Fi monetization has garnered significant
attention in recent times as businesses recognize its potential as a sound
business strategy with expected returns on investment. In this context,
understanding the role of captive portals and content promotion becomes crucial
in Wi-Fi monetization. Businesses can charge users for Wi-Fi access, display
ads on the captive portal, collect user data for marketing purposes, offer
premium services or bundled packages, and establish partnerships for mutual
benefits.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259540297
Based on the offering segment, the
platform segment to hold the largest market size during the forecast period
A captive portal platform is a system
that manages user authentication and access control for public Wi-Fi networks
and other venues offering Internet access. It redirects users to a login page
where they must provide credentials or accept terms of service. Key features
include authentication options, customizable portal pages, user management,
analytics, content filtering, integration with external systems, and
advertising capabilities.
Based on the end-use segment, the
coworking spaces segment is expected to grow with the highest CAGR during the
forecast period.
With the rapid growth of the coworking
space industry, there is a rising demand for secure and dependable Wi-Fi
solutions that offer a seamless experience for professionals and entrepreneurs.
Reliable and user-friendly Wi-Fi is crucial as these spaces provide flexible
work environments and foster networking and collaboration. In today’s
digital-centric world, dependable and secure Wi-Fi service is essential for
every coworking space. Various companies offer captive portal solutions for
coworking places, such as integrating IronWiFi in coworking spaces brings
significant advantages for operators and users.
Based on region North America is
expected to hold the largest market size during the forecast period.
North America is expected to account for
a significant share of the captive portal market, and the trend is likely to
continue during the forecast period. The startup culture in North America is
growing at a fast pace as compared to the other regions. Additionally, the
advent of SMEs and increasing R&D activities by large enterprises have
aided the growth of the North American market. Several factors contribute to
the demand for captive portals in North America, including the proliferation of
Wi-Fi-enabled devices, the growing dependence on internet connectivity, and
businesses' desire to engage with customers digitally. The hospitality
industry, in particular, has embraced captive portals as a means to offer Wi-Fi
access in establishments such as hotels, resorts, and restaurants.
Top Trends in Global Captive Portal
Market
The global Captive Portal Market is
growing rapidly, and there are a number of key trends that are driving this
growth. Some of the top trends in the global Captive Portal Market include:
- Captive
portals have evolved to offer a seamless user experience on mobile
platforms in response to the growing popularity of smartphones and other
mobile devices. For businesses to effectively engage their customers,
responsive design and mobile-specific customization have become essential.
- Advanced
analytics and data-driven technologies have been included into captive
portals to gather user data and preferences. In order to increase client
engagement and satisfaction, this data is utilised to develop personalised
marketing strategies, unique offers, and focused content.
- Captive
portals are connecting with social networking platforms to expedite the
login process and collect vital user data. Users can sign in using their
social network accounts, which streamlines the login process and makes it
possible for businesses to acquire demographic data for more accurate
audience targeting.
- Wi-Fi
marketing and monetization strategies increasingly rely on captive
portals. Businesses can use captive portals to advertise, market their
goods and services, and even bring in more money through sponsored content
or joint ventures.
- Captive
portal providers are concentrating on increasing data security measures
and guaranteeing compliance with various data protection laws in light of
the growing concern about data privacy and laws like the General Data
Protection Regulation (GDPR).
- Because
of their scalability, flexibility, and affordability, cloud-based captive
portal solutions are becoming more and more popular. Through a centralised
platform, they enable firms to manage numerous locations and gain access
to real-time statistics.
- Captive
portals are being connected with marketing automation solutions to
simplify marketing initiatives and enhance consumer engagement. With the
help of this integration, companies may send specific emails,
notifications, and follow-up communications based on user behaviour and
preferences.
- In
order to give consumers content and offers that are specific to their
location, captive portals are increasingly using location-based services.
This improves the user experience and aids companies in attracting
customers to their physical sites.
- As
the Internet of Things (IoT) has grown in popularity, captive portals are
being combined with IoT hardware to offer improved services and gather
data from various connected devices.
About MarketsandMarkets™
MarketsandMarkets™
has been recognized as one of America's Best Management Consulting Firms by
Forbes, as per their recent report.
MarketsandMarkets™
is a blue ocean alternative in growth consulting and program management,
leveraging a man-machine offering to drive supernormal growth for progressive
organizations in the B2B space. With the widest lens on emerging technologies,
we are proficient in co-creating supernormal growth for clients across the
globe.
Today,
80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of
the top 100 companies in each sector trust us to accelerate their revenue
growth. With a global clientele of over 13,000 organizations, we
help businesses thrive in a disruptive ecosystem.
The
B2B economy is witnessing the emergence of $25 trillion in new revenue streams
that are replacing existing ones within this decade. We work with clients on
growth programs, helping them monetize this $25 trillion opportunity through
our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution,
Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built
on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000
B2B companies to keep them future-ready. Our insights and strategies are
powered by industry experts, cutting-edge AI, and our Market Intelligence
Cloud, KnowledgeStore™, which integrates research and provides
ecosystem-wide visibility into revenue shifts.
In
addition, MarketsandMarkets SalesIQ
enables sales teams to identify high-priority accounts and uncover hidden
opportunities, helping them build more pipeline and win more deals with
precision.
To
find out more, visit www.MarketsandMarkets™.com or
follow us on Twitter , LinkedIn and Facebook .
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™
INC.
1615
South Congress Ave.
Suite
103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email:
sales@marketsandmarkets.com
Visit
Our Website: https://www.marketsandmarkets.com/
Comments
Post a Comment