4G LTE Hotspot Market Booming the Industries by Ravishing keyplayers | Verizon, AT&T, T-Mobile, FreedomPop, Samsung, Internet on the Go, Sprint, Huawei, D-Link, and TP-Link.

Dependency on the internet has increased substantially in the recent past for conducting business or for personal use. Connecting over cellular data on mobile leads to rapid draining of battery and hence, demand for external hotspot device is gaining traction in the market. The infrastructure at disposal in multiple regions North America, Asia Pacific, Africa, Europe, Middle East and Latin America among others, is conducive for supporting 4G LTE services without much interruption and hence, supporting growth of the 4G LTE hotspot market.

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4G LTE hotspots have gained significant traction since its introduction in the market. This can be attributed to multiple factors including increasing number of smart devices that need to be connected simultaneously for various reasons. Technological advancements in terms of speed and long battery life of wireless hotspots is aiding in increasing adoption and growth of 4G LTE hotspot devices. Also, growing demand for internet services on-the-go are triggering demand for 4G LTE hotspot in the global market. A large number of people travelling require efficient solutions for uninterrupted connectivity across geographies and hence, need 4G LTE hotspot devices.

Growing need to keep multiple smart devices connected is major factor driving growth of the market

Rising adoption of smart devices, including smartphones, tablets and cameras among others is expected to drive growth of the global 4G LTE hotspot market, during forecast period. This is owing to increasing demand for connectivity to internet for these devices. Furthermore, growing adoption of connected home, connected vehicles, and others is propelling growth of the market.

Global 4G LTE Hotspot Market: Regional Insights

North America held a dominant position in the global 4G LTE hotspot market in 2016, and is expected to retain its dominance throughout the forecast period. This growth is attributed to large number of smart devices in the region and increasing need to connect them all with efficient LTE hotspot. According to Coherent Market Insights, global number of hotspots is expected to reach 340 million in number and it averages to a hotspot for 20 people across the globe.

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Global 4G LTE Hotspot Market: Competitive Background

Major players operating in the 4G LTE hotspot market are Verizon, AT&T, T-Mobile, FreedomPop, Samsung, Internet on the Go, Sprint, Huawei, D-Link, and TP-Link.

Global 4G LTE Hotspot Market: Taxonomy

On basis of Connectivity type,

• Wired
• Wireless

On basis of Application type,

• Commercial
• Personal

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