Global Mobile Hotspot Router Market was valued at US$1.92 Billion in 2017 and is projected to reach US$8.42 Billion 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.
Additionally, the global mobile hotspot router market based on type includes standalone and bundled services. In terms of end-use segment, the global mobile hotspot router market is categorized into household and commercial.
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On the basis of regions, the global mobile hotspot router market is segmented into five major regions: America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
In terms of type, standalone device segment of mobile hotspot router is the fastest growing market segment during the forecast period owing to its advantages as it is independent of any hardware such as computer , printer, modem or other devices. The bundled devices segment is expected to be the leading product segment, accounting for a substantial share of the total volume.
Based on end-user, home and business are the end-user segments of the mobile hotspot router market. The steady increase in data storage synchronization with popular cloud-based applications such as Google Drive will drive the adoption of mobile hotspot router globally. During the forecast period, common home and office devices such as printers are going wireless from wired connections. This creates many opportunities in the domestic sector as well as in the commercial sector for the product.
The era of digitization is changing the environment for enhanced connectivity infrastructure. The Internet has become an integral part of everyday life and business. Due to the 3 billion internet users worldwide, the need for better network infrastructure is propelling the demand for mobile hotspot routers across the globe. The increasing use of electronic gadgets such as laptops and tablets, coupled with emerging wireless technologies such as 3G and 4G, is increasing the need for network infrastructure, which is driving the demand for mobile hotspots in the whole world.
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Authentication, security, poor connectivity, network performance and network management issues in the mobile hotspot router are hampering the growth of the mobile hotspot router market.
Global mobile hotspot router market opportunity is increased security over public WI-FI hotspot, advantage of accessing wireless internet from anywhere anytime, Features like built-in battery and memory space are a few factors that attract consumers towards using mobile hotspot router.
Based on region, Asia-Pacific is expected to lead the global market over the forecast period, followed by North America and Europe owing to growing number of mobile subscribers and high penetration of Internet, mainly smartphone users. North America and Europe together accounted for a 55% revenue share in the global mobile hotspot router market.
The major key players in the global mobile hotspot router market are Huawei Technologies, NETGEAR, TP-LINK Technologies, ZTE Corporation, Beetel Teletech Limited, Alcatel, Hame, Karma, Belkin International, Inc. and Novatel Wireless, Inc.
Scope of the Global Mobile Hotspot Router Market:
Global Mobile Hotspot Router Market, By Type:
Global Mobile Hotspot Router Market, By End Use:
Global Mobile Hotspot Router Market, By Region:
• North America
• Middle East and Africa
• Asia Pacific
• Latin America
Key Players Operating in the Global Mobile Hotspot Router Market:
• TP-LINK technologies
• ZTE Corporation
• Beetel Teletech Limited
• Belkin International, Inc.
• Novatel Wireless, Inc.
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