London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global mobile hotspot router market 2015-2019, which is expected to grow at a CAGR of 21.12 % during the forecast period of 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,” says Faisal Ghaus, Vice President of Technavio.
“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.”
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
- Huawei Technologies
- NETGEAR
- Novatel Wireless
- ZTE
To define the market circumstances in the next 3-4 years, Technavio 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
