Global Mobile Hotspot Router Market 2016-2020
About Mobile Hotspot
A mobile hotspot is a compact wireless router that enables end-users to avail high-speed internet services without any wires, because devices are connected via 3G or 4G mobile connections. It provides connectivity within a range of 30-33 feet and allows end-users to connect multiple Wi-Fi-enabled devices to a single router, thereby helping reduce the overall cost of internet services. A mobile hotspot router is a specifically designed portable, pocket-sized device with an inbuilt battery. The main use of a mobile hotspot router is to provide connectivity to multiple users, allowing a wide range of devices to access data from the internet. Mobile hotspots convert 4G or long-term evolution (LTE) signals to Wi-Fi. The functioning of mobile hotspots depends on the availability of LTE networks. For instance, in the US, AT&T and Verizon have the largest LTE network coverage compared to other network providers such as Sprint and T-Mobile. Therefore, users opt for networks with the largest coverage area and fastest mobile network.
Technavio’s analysts forecast the global mobile hotspot router market to grow at a CAGR of 19.26% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global mobile hotspot router market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of standalone mobile hotspot routers and the sales of bundled devices sold by device manufacturers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mobile Hotspot Router Market 2016-2020
Technavio recognizes the following companies as the key players in the global mobile hotspot router market: Huawei Technologies, NETGEAR, Novatel Wireless, TP-LINK Technologies, and ZTE.
Other Prominent Vendors in the market are: Alcatel, Hame Technology, and Karma Mobility.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be increased average time spent in traveling. Increase in average time spent in traveling, including the time spent commuting to work and journeys, has boosted the development of mobile Wi-Fi hotspots. Cloud computing and mobile technology have transformed the travel experience. Mobile computing devices have become a standard accessory for travelers. Cloud computing provides travelers a platform to enjoy their traveling experience by enabling the access to the internet connection while users are on the go.”
According to the report, one of the key drivers for market growth will be increased demand for cloud computing. The cloud is a virtual, remote data center that stores, manages, and retrieves data or resources without requiring any infrastructure costs. The cloud can be categorized into three divisions: public, private, and hybrid. The public cloud is accessible to the general public at nominal tariff rates depending on the carrier provider. The private cloud is restricted to only businesses or organizations. A hybrid cloud is a combination of the public and private clouds.
Further, the report states that the internet is the backbone of the IoT devices market. IoT devices require reliable, high-speed internet connectivity to function effectively. Though many countries such as the US, the UK, and Japan have state-of-the-art internet infrastructure, other countries lack the basic infrastructure for internet connectivity. In suburban areas and highways, where the quality of the network is usually poor, mobile network operators need to build solutions to offer connectivity to IoT devices in these areas. This challenge has the highest impact on the consumer segment, as individual consumers cannot have access to high-speed internet everywhere.
Huawei Technologies, NETGEAR, Novatel Wireless, TP-LINK Technologies, ZTE, Alcatel, Hame Technology, and Karma Mobility.