ICT & Electronics Global Mobile Hotspot Router Market Outlook | Page 2

Mounting Usage Of Electronic Gadgets By Consumers Is Projected To
Augment The Demand For Mobile Hotspot Router Over The Next Few
Years
The global mobile hotspot router market is segmented into type such as
standalone devices and bundled devices. Among these segments, bundled devices
segment is expected to capture the largest market of mobile hotspot router during
the forecast period i.e. 2016-2023. Further, bundled devices segment captured
70% share of total volume consumption in 2014. Apart from this, standalone
devices segment is envisioned to expand at a remarkable pace owing to its
advantages such as it is independent of any hardware like computer and others.
Global mobile hotspot router market is expected to register a CAGR of 20.2%
over the forecast period. Moreover, the global mobile hotspot router market is
projected to expand at USD 5.1 billion globally by the end of 2023. Additionally,
government initiatives such as development of smart cities are anticipated to
flourish the growth of mobile hotspot router market.
In terms of regional platform, with 40% share in overall volume consumption in
2015, Asia-Pacific region grabbed the biggest market of mobile hotspot router.
Moreover, growing population coupled with increase in sale of electronic gadgets
in this region is predicted to augment the demand for mobile hotspot router.
Additionally, North America and Europe region are believed to grow at a
tremendous pace by 2023 owing to enhanced connectivity infrastructure.
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Increasing Use of Electronic Gadgets
Evolution of electronic gadgets along with integration of numerous features and
growing adoption of electronic gadgets such as laptops and tablets are expected