At a compound annual growth rate of 16.6%, the market for mobile hotspot routers is projected to reach US$ 6,369.5 million in 2022 and US$ 29,550 million by 2032. The increase is linked to the growing use of Internet of Things applications. The market for mobile hotspot routers grew at a 14.6% CAGR between 2016 and 2021.
Due to recent advancements in wireless standards and the growing need for mobile broadband services, the demand for mobile hotspot routers is developing rapidly on the global market. A mobile hotspot router is a device that connects to the Internet using 3G or 4G LTE services and shares a wireless network connection with other Wi-Fi compatible devices.
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Global Mobile Hotspot Router Market: Market Dynamics
Increasing demand for wireless broadband, increasing smartphone users, growing awareness on “pay as you go” business model are the key factors contribute the growth of mobile hotspot router market globally. Increasing business travelers, expanding Wi-Fi enabled smart devices, growing trend on including Wi-Fi access in transportation services and increasing adoption to long-term evolution (LTE) services are further accelerates the demand for mobile hotspot router market globally.
Also, increasing preference for online services, and continuous investment in communication infrastructure are expected to fuel the growth of global mobile hotspot router market. However, limited Wi-Fi signal range, security, issues related to authentication, network performance and increasing availability of public hotspots are identified as the restraints likely to deter the progression of mobile hotspot router market globally.
Global Mobile Hotspot Router Market: Regional Outlook
Global mobile hotspot router market is witnessing significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific. Asia Pacific is expected to dominate the global mobile hotspot router market due to expanding internet users, adoption to long-term evolution (LTE) services and smartphone penetration.
Global Mobile Hotspot Router Market: Competition Landscape
The key vendors in the Global Mobile Hotspot Router Market, include Huawei Technologies Co., Ltd., Novatel Wireless, Inc., NETGEAR, TP-Link Technologies Co., Ltd., Belkin International, Inc., Internet on the Go, Karma Mobility, Inc., D-Link Corporation and XCom Global, Inc. Collaborating with the service providers is the key strategy followed by major players to gain competitive edge.
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The report covers exhaustive analysis on
- Global Mobile Hotspot Router Market Segments
- Global Mobile Hotspot Router Market Dynamics
- Historical Actual Market Size, 2013 – 2015
- Global Mobile Hotspot Router Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Global Mobile Hotspot Router Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
Regional analysis for Global Mobile Hotspot Router Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
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Key Segments Profiled in the Mobile Hotspot Router Industry Survey
Mobile Hotspot Router Market by Type:
- Standalone Mobile Hotspot Routers
- Bundled Mobile Hotspot Routers
Mobile Hotspot Router Market by End User:
- Mobile Hotspot Router for Domestic Use
- Mobile Hotspot Router for Commercial Use
Mobile Hotspot Router Market by Region:
- North America Mobile Hotspot Router Market
- Latin America Mobile Hotspot Router Market
- Europe Mobile Hotspot Router Market
- Asia Pacific Mobile Hotspot Router Market
- Middle East and Africa Mobile Hotspot Router Market
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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