About Mobile Hotspot Router
A mobile hotspot is a very compact wireless router that enables end-users to avail high-speed Internet services without any wires, because devices are connected via 3G or 4G mobile connections. It provides connectivity within a range of 30-33 feet and allows end-users to connect multiple Wi-Fi-enabled devices to a single router, thereby helping reduce the overall cost of Internet services. A mobile hotspot router is specifically designed as a pocket-sized device with an in-built 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.
Global Mobile hotspot router market is expected to grow at a CAGR of 21.12% over the period 2014-2019.
“Increase in need for broadband is expected to drive the growth of the market during the forecast period. The numbers of broadband users is increasing in step with the adoption of electronic devices connecting to the Internet.”
“Advances in technology and innovations engineer reductions in the prices of electronic equipment on a YoY basis, but this is not the case with mobile hotspot devices. Even laptops, tablets, smartphone prices decline from the time they are introduced in the market,”.
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“It is expected that device prices will reduce further during the forecast period and the market will witness significant spikes in device uptake, both on a contract basis as well as at full retail prices.”
Covered in this Report
The report covers the present scenario and the growth prospects of the global mobile hotspot router market for the period 2015-2019. The market can be segmented based on bundled devices and standalone devices.
Global Mobile Hotspot Router Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key Market Drivers
Increase in need for broadband
Growing need for portable broadband devices
Growing need for mobility
Increase in adoption of LTE
Key Market Trends
Rising adoption of 3G and 4G mobile hotspot routers
Pay-as-you-go business model
Decline in device prices
Increasing availability of Wi-Fi-enabled devices
Multiple operational features
Key Market Vendors
To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.