Press release
Mobile Hotspot Market Globally Grow at a CAGR of 24.69% by Revenue During the Forecast Period 2016-2020
About Mobile HotspotA mobile hotspot is a hardware device that allows users to connect to the internet from anywhere and at any time. It enables the user to connect multiple mobile computing devices, such as smartphones, tablets, and laptops, via Wi-Fi. Hence, they are also termed Mi-Fi. Also, they are easy to operate and do not require any software to be uploaded on the connected device, unlike USB sticks.
Mobile hotspots convert 4G or long-term evolution (LTE) signals to Wi-Fi. The functioning of mobile hotspots depends on the availability of LTE networks. For instance, in the US, AT&T and Verizon have the largest LTE network coverage compared to other network providers such as Sprint and T-Mobile. Therefore, users opt for networks with the largest coverage area and fastest mobile network.
Technavios analysts forecast the global mobile hotspot market to grow at a CAGR of 24.69% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global mobile hotspot market during 2016-2020. To calculate the market size, the report considers the number of unit shipments of mobile hotspots, like mobile hotspot routers and USB sticks that connect multiple devices.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Mobile Hotspot Market 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Huawei Technologies
NETGEAR
Novatel Wireless
ZTE
Market driver
Rise in demand for mobile computing devices
For a full, detailed list, view our report
Market challenge
Increase in availability of public Wi-Fi hotspots
For a full, detailed list, view our report
Market trend
Rise in mobile data traffic
For a full, detailed list, view our report
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