4G LTE HOTSPOT MARKET ANALYSIS

Regional Analysis

Global 4G LTE Hotspot Market: Regional Insights

North America held a dominant position in the global 4G LTE hotspot market in 2016, and is expected to retain its dominance throughout the forecast period. This growth is attributed to large number of smart devices in the region and increasing need to connect them all with efficient LTE hotspot. According to Coherent Market Insights, global number of hotspots is expected to reach 340 million in number and it averages to a hotspot for 20 people across the globe. Also, in North America, it is expected that for every four people, one hotspot will be used, whereas, the density for Africa is expected to be 1 hotspot for 408 people. As per analysis of Coherent Market Insights, Europe is estimated to exhibit high hotspot density in 2018. Asia Pacific is expected to exhibit highest CAGR, over the forecast period, owing to rapidly increasing internet penetration and increasing adoption of connected and smart devices in the region.