DUBLIN, May 14, 2015 /PRNewswire/ --

Dublin - Research and Markets (http://www.researchandmarkets.com/research/lndrks/global_mobile) has announced the addition of the "Global Mobile Hotspot Router Market 2015-2019" report to their offering.

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The global mobile hotspot router market is expected to grow at a CAGR of 21.12% over the period 2014-2019

A mobile hotspot is a very compact wireless router that enables end-users to avail high-speed Internet services without any wires, because devices are connected via 3G or 4G mobile connections. It provides connectivity within a range of 30-33 feet and allows end-users to connect multiple Wi-Fi-enabled devices to a single router, thereby helping reduce the overall cost of Internet services. A mobile hotspot router is specifically designed as a pocket-sized device with an in-built battery, which can be easily carried from one place to another. The main use of a mobile hotspot router is to provide connectivity to multiple users, allowing a wide range of devices to access data from the Internet.

Advances in technology and innovations engineer reductions in the prices of electronic equipment on a YoY basis, but this is not the case with mobile hotspot devices. Even laptops, tablets, smartphone prices decline from the time they are introduced in the market. A decline in prices will always create greater traction among consumers; for instance, with many developing countries still dependent on 3G wireless technology, the prices of mobile hotspots featuring support for 3G have reduced. In developed nations, telecom service providers offer devices for just one dollar with a data plan tied to a two-year contract. Therefore, it is expected that device prices will reduce further during the forecast period, and the market will witness significant spikes in device uptake, both on a contract basis as well as at full retail prices.

According to the report, the numbers of broadband users is increasing in step with the adoption of electronic devices connecting to the Internet. The information highway is used by large enterprises, government agencies, SMEs and individual users for social networking, online shopping, navigation and many more purposes. The Internet is also being used as a knowledge base for every individual, personal as well as professional. In the past, Internet access was achieved through computers using ADSL/DSL modems at home and work. The advent of mobile devices lets users connect at any time.

Further, the report states that one of the major challenges for this market is low last-mile connectivity.

The report covers the present scenario and the growth prospects of the global mobile hotspot router market for the period 2015-2019. The market can be segmented based on bundled devices and standalone devices.

Key Vendors

• Huawei Technologies
• NETGEAR
• Novatel Wireless
• ZTE

Other Prominent Vendors 

• Alcatel
• Hame
• TP-Link
• Karma

For more information visit http://www.researchandmarkets.com/research/lndrks/global_mobile

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets