This market research study presents a detailed segmentation of the global mobile hotspot market by product type (mobile hotspot router and USB stick), by sales type (standalone product and bundled product), and by geography (Americas, APAC, ad EMEA). The leading vendors in the market are Huawei Technologies, NETGEAR, Novatel Wireless, and ZTE.
Technavio’s market research analysts estimate the global mobile hotspot market to grow at a CAGR of around 24% between 2016 and 2020. The rise in internet penetration, proliferation of mobile computing devices, and availability of wireless technologies such as 3G, 4G, WiMax, and LTE are encouraging the adoption of mobile hotspots or Mi-Fi. Of late, the market vendors are competing on several features such as data plans, data speeds, and prices to maintain their competitive edge in the market. The Americas account for 49% of the mobile hotspot market due to the increasing adoption of contract devices, price wars among device providers, and competition among leading telecom operators.
The new market research report from Technavio provides a breakdown and analysis of the mobile hotspot segments by technology.
“One of the latest trends gaining momentum in this market is the emergence of next-generation wireless networks. The increasing popularity of mobile communication devices has resulted in an exponential growth in network traffic. As a result, there is the continued deployment of next-generation wireless networks such as 3G, 4G, and 5G. Since these networks offer seamless wireless connectivity, equivalent to home broadband connections, the number of users accessing the Internet has increased significantly. Moreover, telecommunication product-based vendors are collaborating with service providers to develop portable devices such as mobile hotspots that support these advanced technologies, thereby spurring the growth prospects of the mobile hotspot market until the end of 2020,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The mobile hotspot router segment monololises this market, occupying around 96% of the overall market 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.
The leading vendors in the global mobile hotspot market include Huawei Technologies, NETGEAR, Novatel Wireless, and ZTE. The 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.
A more detailed analysis is available in the Technavio report, Global Mobile Hotspot Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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