Need advice? Keen to get the best deal? Call now on +44 (0)1494
This market research study identifies the leading players in the global mobile hotspot router market including Huawei Technologies, NETGEAR, Novatel Wireless, TP-LINK Technologies, and ZTE. A comprehensive analysis of the market is also presented by service type (bundled devices and standalone devices) and by geography (Americas, APAC, and EMEA).
Global outlook for the mobile hotspot router market
According to the market research analysts at Technavio, the global mobile hotspot router market is predicted to grow at a rapid pace and will post an impressive CAGR of more than 19% over the forecast period. With constantly changing business scenarios, it is imperative for organizations to develop a mobile workforce to stay competitive in the market. Constant changes in work locations, time zone barriers, and the increasing need to access official and confidential data via an employee’s personal device have resulted in the augmented adoption of BYOD policy. Employees prefer these policies as they enable them to use one device for both personal and professional use and also includes devices such as smartphones, laptops, and tablets. Moreover, as all business and individual users require high-speed internet access with secure Internet protocols like WPA2 to protect the wireless devices from external risks of hacking and data theft, so most portable devices have the necessary features to support LTE advanced wireless technology, enabling high-speed data transfer. Mobile hotspots will help the mobile workforce to connect, access, and share data anytime, anywhere, which will boost this market’s growth prospects in the coming years.
One of the upcoming trends likely to spur the growth prospects of this market is the increase in average time spent in travelling. There has been a significant increase in the average time spent in travelling, including the time spent commuting to work and journeys, has boosted the development of mobile Wi-Fi hotspots. While mobile computing devices have become a standard accessory for travellers, cloud computing provides a platform for the users to enjoy their traveling experience by enabling access to the Internet on the go. As the average time spent in travelling and the number of people travelling around the world has increased drastically, mobile hotspots are becoming a favorite among frequent travellers, leading to the growth of this market until the end of 2020.
Competitive landscape and key vendors
The mobile hotspot router market is highly competitive owing to the presence of many well-established vendors. Most vendors derive the majority of revenue from the sale of bundled devices. The bundled devices are primarily sold through mobile telecom operators such as AT&T and Verizon. Therefore, mobile telecom operators depend mostly on mobile hotspot device manufacturers to increase their revenues from LTE technologies. Also, the market witnesses intense price wars among device manufacturers to win orders from telecom operators.
Key vendors in this market are -
Other prominent vendors analyzed in this report are Alcatel, Hame Technology, and Karma Mobility.
Segmentation by service type and analysis of the mobile hotspot router market
The bundled devices segment dominated the market and is anticipated to reach more than USD 4 billion by 2020. One of the primary reasons for the growing demand for bundled devices is that they are cost-effective, unlike standalone devices. Moreover, the increasing use of wearable devices and mobile hotspots in M2M services such as a connected car, smart home, RTLS in hospitals, which contribute to the growth of this segment during the forecast period.
Geographical segmentation and analysis of the mobile hotspot router market
In terms of geography, the Americas led the global mobile hotspot market and is likely to reach more than USD 3 billion by 2020. The large-scale deployment of LTE network infrastructure is fuelling the market growth in the region. Also, rapid advances in 5G technology in the US are likely to contribute to the growth of this market in the Americas.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global mobile hotspot router market?
What are the key market trends impacting the growth of the global mobile hotspot router market?
What are the challenges to market growth?
Who are the key vendors in the global mobile hotspot router market?
What are the market opportunities and threats faced by the vendors in the global mobile hotspot router market in Western Europe?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global mobile hotspot router market?