$13.6 Billion Worldwide Mobile Hotspot Router Industry to 2027 - Featuring Alcatel-Lucent, Belkin International and D-Link Among Others
DUBLIN, Aug. 11, 2022 /PRNewswire/ -- The "Mobile Hotspot Router Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global mobile hotspot router market reached a value of US$ 5.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 13.6 Billion by 2027, exhibiting a CAGR of 16.29% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
They provide simple, fast and instant internet connectivity to various devices, such as laptops, mobiles and computers that can be accessed at any time. They also offer high-speed internet connectivity to multiple users at the same time and aid in minimizing the overall cost of internet services.
Consumers are using e-commerce platforms for online shopping through mobile devices, which require stable internet connectivity, thereby increasing product demand.
Additionally, various technological advancements, such as the development of data storage systems integrated with cloud-based applications, are also contributing t the market growth. Other factors, including the rising data traffic and the implementation of favorable government initiatives to provide Wi-Fi in public places, are projected to create a positive outlook for the market.
The competitive landscape of the industry has also been examined with some of the key players being Alcatel-Lucent (Nokia Corporation), Belkin International Inc. (Foxconn), D-Link Corporation, Huawei Technologies Co. Ltd., Netgear Inc., Novatel Wireless Inc. (Inseego), TP-Link Technologies Co. Ltd., XCom Global Inc. and ZTE Corporation, etc.
Key Topics Covered:
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