(OTC:GZIC) Two Booming Markets, and One Small Company Who Figured Out How to Connect Them!
April 27 2021 - 7:00AM
InvestorsHub NewsWire
The hot spot market is projected
to grow by 19.8% of CAGR from now until
2025, outpacing many other industries.
This growing market creates opportunities as the need for Wifi
increases(ref 1). One major reason for growth in the hot spot
market (or Wifi as a service market) has been the growing adoption
of BYOD (Bring Your Own Device) in large
settings. For example, whole cities (such as Santa Monica, CA)
offer Wifi that any mobile device can tap into. (ref 2 and 3).
Smart City Investments are expected to reach $326
billion by 2025 (or possibly as high as $820
billion) as cities adopt Wifi as a service to
mitigate growing populations. (ref 4)
As people increasingly depend upon their mobile devices for
communications, entertainment, and even purchases, the growth of
BYOD presents opportunities for companies that
provide Wifi as a
service, advertising and hardware to
make it all possible. (ref 5)
In addition, innovations in Internet speeds and bandwidth in
venues such as airports and sports stadiums create new
opportunities to deliver high quality
advertising content to devices which are
connected to the network. With such breakthroughs as 5G being
projected to grow at a CAGR of more than 53% over the next five
years, video ads will soon be
delivered to in-venue devices like never before. (ref
6)
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