Global Mobile Hotspot Router Market Will Reflect Significant Growth Prospects during 2018-2026
Global Mobile Hotspot Router Market was valued US$1.92 Bn in 2017 and is expected to reach US$8.42 Bn by 2026, at a CAGR of 20.3 % during a forecast period.
The mobile hotspot router market is segmented into type, end-use, and region.
Further, global mobile hotspot router market based on type includes standalone and bundled. In terms of end-use segment, global mobile hotspot router market is classified into domestic, and commercial.
Based on regions, the global mobile hotspot router market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.
In terms of type, standalone devices segment of mobile hotspot router is the fastest growing segment of the market through the forecast period due to its benefits like it is independent of any hardware like the computer, printer, modem, or other devices. The bundled devices segment is expected to be the leading product segment accounting for a substantial share of total volume.
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Based on end-user, domestic and commercial are the end user segments of mobile hotspot router market. Consistent increase in data storage synchronization with popular cloud-based applications such as google drive will spur the adoption of mobile hotspot router globally. In the forecast period, common home and office devices such as printers are making their move to be wireless, from wired connections. This creates ample opportunities in the domestic as well as the commercial sector for the product.
The era of digitalization is changing the environment of enhanced connectivity infrastructure. The Internet has become an integral part of a day to day life and business. Owing to the 3 billion internet users worldwide, the need for better network infrastructure is propelling the demand for mobile hotspot router across the globe. An increasing use of electronic gadgets such as laptops and tablets coupled with the emerging wireless technologies such as 3G and 4G is driving the need for the network infrastructure, this is boosting the demand for mobile hotspot over the globe.
Issues related to authentication, security, low connectivity, network performance, network management in mobile hotspot router is hampering the growth of the mobile hotspot router market.
The opportunity of global mobile hotspot router market is increased security over public WI-FI access point, the advantage to access wireless internet from anywhere at any time, features such as inbuilt battery and memory space are some factors that are attracting consumers towards the use of mobile hotspot router.
Based on region, Asia Pacific is anticipated to dominate the global market over the forecast period followed by North America and Europe owing to the increasing number of mobile subscribers and high internet penetration mainly smartphone users. North America and Europe together accounted revenue share of 55% to the global mobile hotspot router market.
The major key player of global mobile hotspot router market is Huawei Technologies, NETGEAR, TP-LINK Technologies, ZTE Corporation, Beetel Teletech Limited, Alcatel, Hame, Karma, Belkin International, Inc., and Novatel Wireless, Inc.
Scope of Global Mobile Hotspot Router Market:
Global Mobile Hotspot Router Market, by Type:
• Standalone
• Bundled
Global Mobile Hotspot Router Market, by End-use:
• Domestic
• Commercial
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Global Mobile Hotspot Router Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key players operated in Global Mobile Hotspot Router Market:
• Huawei Technologiesss
• NETGEAR
• TP-LINK Technologies
• ZTE Corporation
• Beetel Teletech Limited
• Alcatel
• Hame
• Karma
• Belkin International, Inc.
• Novatel Wireless, Inc.