4G LTE HOTSPOT MARKET ANALYSIS

4g Lte Hotspot MarketSize and Trends

Dependency on the internet has increased substantially in the recent past for conducting business or for personal use. Connecting over cellular data on mobile leads to rapid draining of battery and hence, demand for external hotspot device is gaining traction in the market. The infrastructure at disposal in multiple regions North America, Asia Pacific, Africa, Europe, Middle East and Latin America among others, is conducive for supporting 4G LTE services without much interruption and hence, supporting growth of the 4G LTE hotspot market.

4G LTE hotspots have gained significant traction since its introduction in the market. This can be attributed to multiple factors including increasing number of smart devices that need to be connected simultaneously for various reasons. Connecting multiple devices with a mobile hotspot or even enabling them all with SIM cards seems to be a complex and expensive task. However, hotspot proves to be a hassle free connectivity solution for multiple devices.

Technological advancements in terms of speed and long battery life of wireless hotspots is aiding in increasing adoption and growth of 4G LTE hotspot devices. Also, growing demand for internet services on-the-go are triggering demand for 4G LTE hotspot in the global market. A large number of people travelling require efficient solutions for uninterrupted connectivity across geographies and hence, need 4G LTE hotspot devices.

Growing need to keep multiple smart devices connected is major factor driving growth of the market

Rising adoption of smart devices, including smartphones, tablets and cameras among others is expected to drive growth of the global 4G LTE hotspot market, during forecast period. This is owing to increasing demand for connectivity to internet for these devices. Furthermore, growing adoption of connected home, connected vehicles, and others is propelling growth of the market. This can also be attributed to lowering internet charges, which is further boosting adoption of 4G LTE hotspots. Globalization has resulted in professional personnel to keep travelling across various geographies, during which devices needs to be connected with a constant and consistent internet services for increasing efficiency of businesses. For this 4G LTE hotspots are best suited and are being offered at competitive prices, owing to competition among large number of services providers in the market.