TMCnet News

Global Mobile Hotspot Market 2016-2020 - Rise in Mobile Data Traffic - Key Vendors are NETGEAR, Novatel Wireless & ZTE - Research and Markets

[April 25, 2016]

Global Mobile Hotspot Market 2016-2020 - Rise in Mobile Data Traffic - Key Vendors are NETGEAR, Novatel Wireless & ZTE - Research and Markets

Research and Markets has announced the addition of the "Global Mobile Hotspot Market 2016-2020" report to their offering.

The global mobile hotspot market is projected to grow at a CAGR of 24.69% during the period 2016-2020.

Mobile hotspots convert 4G or long-term evolution (LTE (News - Alert)) 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 (News - Alert). Therefore, users opt for networks with the largest coverage area and fastest mobile network.

The rise in mobile data traffic because of increase in the adoption of mobile computing devices and emergence of the next-generation wireless networks has encouraged mobile network providers to introduce LTE mobile hotspots with super-fast speed and a longer battery life. This is because usinga smartphone to connect several devices for higher bandwidth applications may result in the deterioration of the signal, reduction of battery life, and exhaustion of data plans.

According to the report, consumers are increasingly using these devices for multiple purposes like accessing social networking apps, reading the news, surfing the web, and checking email. The growth of IoT is another reason for the growth of the market, as the majority of the IoT devices are controlled by apps installed on mobile computing devices.

Further, the report states that the deployment of public Wi-Fi hotspots will slow down the demand for mobile Wi-Fi hotspots.

Key vendors: