ReportsnReports.com adds Global Mobile Hotspot Market 2016-2020 latest research report, the rise in mobile data traffic because of increase in the adoption of mobile computing devices and emergence of the next-generation wireless networks has encouraged mobile network providers to introduce LTE mobile hotspots with super-fast speed and a longer battery life. This is because using a smartphone to connect several devices for higher bandwidth applications may result in the deterioration of the signal, reduction of battery life, and exhaustion of data plans. The analysts forecast global mobile hotspot market to grow at a CAGR of 24.69% during the period 2016-2020.
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According to the Mobile Hotspot market report, consumers are increasingly using these devices for multiple purposes like accessing social networking apps, reading the news, surfing the web, and checking email. The growth of IoT is another reason for the growth of the market, as the majority of the IoT devices are controlled by apps installed on mobile computing devices.
Product segmentation and analysis of the mobile hotspot market
Mobile hotspot router
During 2015, the mobile hotspot router segment dominated the market and accounted for close to 96% of the market share in terms of revenue. Factors such as mobile hotspot routers can connect up to 20 devices at a time compared to a USB stick which connect up to 10 devices will propel this market segment’s growth over the predicted period. Moreover, unlike USB sticks, mobile hotspots do not require a special driver or software to be uploaded to the connected device, thereby accelerating the growth prospects of this market segment until the end of 2020.
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The Americas was the leading contributor to the global mobile hotspot market with more than 49% of the market share during 2015. The US is the largest market in the region. Factors such as the increasing adoption of contract devices, price wars among device providers, and competition among leading telecom operators are expected to impel the growth of this market in the Americas.
The global mobile hotspot market is highly competitive owing to the presence of well-established global vendors. Though several local vendors have entered the market, they find it increasingly difficult to compete with international suppliers in terms of quality, durability, reliability, and technological innovation. The vendor competition is expected to intensify with increase in technological innovations and M&A in the future.
Key players in the Global Mobile Hotspot Market: Huawei Technologies, NETGEAR, Novatel Wireless, and ZTE.
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