Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.52 Billion | USD 8.45 Billion | 15.7% | 2021 |
FrequentlyAsked Questions
Rapid surge in smartphone users supporting the strong growth of the market. Mobile technology has significantly expanded around the world. Over 4.5 billion individuals are projected to own mobile devices today, with smartphones account for more than half of these connections. Younger individuals, those with better levels of education, and those with higher earnings seem to be more inclined to be digitally connected, whether in established or emerging countries.
According to the Zion Market Research report, the global mobile hot spot router market was worth about 4.52 (USD billion) in 2021 and is predicted to grow to around 8.45 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 15.7 percent.
Asia Pacific is expected to hold the major share in the global mobile hotspot router market. This is attributed to a large customer base in China and India, increasing internet services across the cities, the presence of top manufacturers, and government initiatives to strengthen the network coverage.
Major players functioning in the global mobile hot spot router market include Huawei Technologies, D-Link Corporation, Novatel Wireless Inc., TP Link Technologies Co. Ltd, Karma Mobility, NETGEAR, XCom Global Inc., ZTE, Belkin International Inc., and Alcatel among others.
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