Technavio, a tech-focused market research firm, has published a new report on the global mobile hotspot router market, which is expected to experience steady growth with a CAGR of more than 19% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global mobile hotspot market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global mobile hotspot router market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global mobile hotspot router market for 2015 ($ billions)
|
Americas |
1.51 |
|
EMEA |
0.95 |
|
APAC |
0.69 |
Source: Technavio
The Americas: Largest revenue generating region for mobile hotspot routers
The Americas accounted for the largest share of the global mobile hotspot routers market with a revenue of almost $2 billion during 2015. The market’s growth in this region is fueled primarily by the large-scale deployment of LTE network infrastructure. Within the Americas, a majority of the revenue from the sales of mobile hotspot routers is generated in the US. The market is flourishing in the US owing to the widespread adoption of IoT solutions across different sectors, including energy and utilities, automotive, and logistics.
According to Rakesh Panda Kumar, a lead analyst at Technavio, specializing in research on machine to machine (M2M) and connected devices, “The market is currently witnessing an upsurge in the adoption of 3G and 4G routers. With data in the Internet being created in the form of graphical content, advanced technologies such as 4G LTE offers faster access to data. As mobile hotspot devices are able to connect multiple users to this technology simultaneously, higher adoption of mobile hotspot devices is expected globally during the forecast period.”
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Mobile hotspot router market in EMEA
In 2015, Europe contributed almost $1 billion to the global mobile hotspot router market. The growth of the mobile hotspot router market in EMEA is fueled by the mass deployment of advanced LTE networks in the region and the subsequent increase in the demand for connectivity. Strategic alliances between M2M and IoT solutions providers, such as Telit and Telefonica, to offer premium connectivity solutions to small and medium-sized enterprises (SMEs) also act as a driving force for the growth of the mobile hotspot router market in EMEA.
The UK, France, and Germany are the major contributing countries in this region. The rapid adoption of mobile media by enterprises for promoting products and services and the increasing adoption of location-enabled searches by individual users is also fueling the demand for mobile hotspot routers in EMEA during the forecast period.
Mobile hotspot router market in APAC
The increase in the number of Internet users in APAC countries is expected to drive the mobile hotpot router market in APAC. This upsurge in the number of Internet users is attributable to the large-scale shipment of low-cost Internet-enabled devices such as smartphones and tablets in the middle-class economy countries.
Japan is the key revenue generating country in this region. There is a high potential for growth in the Japanese market owing to the early deployment of 4G LTE networks in the region. As service providers extend 3G and 4G offerings, the demand for mobile hotspot routers is expected to increase over the next four years. Other potential countries in the region are South Korea and Singapore.
The top leading vendors operating in the global mobile hotspot router market are:
- Huawei Technologies
- NETGEAR
- Novatel Wireless
- TP-LINK Technologies
- ZTE
Other prominent vendors in the market include Alcatel, Hame Technology, and Karma Mobility.
A more detailed analysis is available in the Technavio report titled, ‘Global Mobile Hotspot Router Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Mobile Hotspot Market 2016-2020
- Mobile Hotspot Router Market in APAC: Report Analysis 2015-2019
- Global 3G 4G Devices Market 2016-2020
- Global WLAN Market 2016-2020
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