Global Mobile Hotspot Router Market to exceed $4.74 bn by 2021
Deerfield Beach, FL -- (SBWIRE) -- 11/02/2017 -- Mobile hotspots are portable devices or features on smartphones that provide wireless internet access on many devices. Mobile hotspots typically use mobile broadband service from cellular providers for 3G or 4G Internet access. Hotspot is a physical location where one can obtain Internet access using Wi-Fi technology by means of a wireless local area network (WLAN) and using a router connected to an internet service provider. A mobile router is specially designed a pocket-sized device with an inbuilt battery, which can be easily carried from one place to another. 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.
According to the report, the global mobile hotspot router market was valued at approximately USD 1.42 billion in 2014 and is expected to reach approximately USD 4.74 billion by 2020, growing at a CAGR of around 22.50% between 2015 and 2020. In terms of volume, global mobile hotspot router market stood at approximately 85.69 million units in 2014. Zion Market Research has published a new report titled "Mobile Hotspot Router Market by Type (Standalone devices and Bundled devices): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020"
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Increasing demand for wireless broadband such as active mobile broadband subscribers drives the mobile hotspot router market. Development of e-commerce such as online shopping through portable devices also contributes impulse growth to the mobile hotspot router market. Increasing adoption of the most recent technology in the mobile broadband like Long Term Evolution (LTE) is expected to drive the demand for mobile hotspot router in coming years. The emerging trends in Wi-Fi such as Hotspot 2.0, 802.11ac (Gigabit Wi-Fi) is likely to open new market avenues in the near future. The standalone devices and bundled devices are the types of mobile hotspot router market. Bundled devices are the leading segments and are anticipated to remain dominant in the near future owing to a wide range of applications.
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Standalone devices are also one of the fastest growing segments of mobile hotspot router market.Asia Pacific dominates the mobile hotspot router market owing to increasing number of mobile subscribers and high penetration of mobile internet in the region. China and India are the two leading countries having largest mobile markets in the world. In India increase in Internet users has led considerable growth in smartphone subscription that grew by 55% to 140 million subscriptions in 2015. This indicates that Asia Pacific is likely to grow at the fastest pace in the next few years. North America was the second largest regional market for mobile hotspot router in 2014. North America was followed by Europe and accounted for over 20.53% market share in 2014.
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Apple Inc., Nike Inc., Garmin Ltd., Qualcomm Incorporated, Sony Electronics Inc., Martian Watches, Pebble Technology Corporation, Fitbit Inc., Connecte Device Ltd., and Samsung Electronics Co. Ltd., are some of the leading key players in mobile hotspot router market. Launching new products, joint ventures and partnerships are the strategies followed by the organizations for the market growth.