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Mobile Router Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2026
The global Mobile Router Market is expected to reach USD 17.08 billion by 2026, according to a new report by Reports and Data. Rise in the proliferation of smart devices and a rapid increase in the use of internet across the globe has is boosting the growth of the mobile routers. Mobile routers offer the advantage of…
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The global Mobile Router Market is expected to reach USD 17.08 billion by 2026, according to a new report by Reports and Data. Rise in the proliferation of smart devices and a rapid increase in the use of internet across the globe has is boosting the growth of the mobile routers. Mobile routers offer the advantage of wireless connectivity which enables end-users to have lag free high speed connectivity among devices connected with that from any place in the specified range.
A push towards digitalization is also a crucial factor driving the growth of the mobile router market. The “Digital India” campaign by the Indian government has been initiated to transform India into an empowered digital economy and bridge the gap between the privileged and under privileged sections of Indian society to join the mainstream in terms of digitalization.
Additionally, the use of mobile routers in educational institutions to impart better education and the restructuring of traditional organizations to digital organization would stimulate the market growth. The signal strength of mobile routers starts fading after a certain specifies limit which can discourage end-users from opting for mobile routers. This factor may hinder the rise of the market.
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Key participants include
Cisco Systems, Novatel Wireless Inc., Huawei Technologies Co. Ltd., TP-Link Technologies Co. Ltd., Netgear, Internet On The Go, Belkin International Inc., D-Link Corporation, XCom Global Inc. and Franklin Wireless.
Further key findings from the report suggest
Commercial mobile routers are expected to grow at the highest rate of CAGR 7.4% during the forecast period. The routers used in commercial purposes provide uninterrupted high speed connectivity and network security to all the connected devices over the network. This helps in improving the efficiency of the businesses.
North America is forecasted to hold the largest market share with a CAGR 7.2% during the forecast period. Rapid adoption of technology, deep penetration of smart devices such as smartphones, smart wearable, etc. and proliferation IoT devices in this region is creating a surge in the demand for mobile routers. This rise in demand can be attributed to high speed and reliable connectivity provided by mobile routers.
Key participants include Cisco Systems, Novatel Wireless Inc., Huawei Technologies Co. Ltd., TP-Link Technologies Co. Ltd., Netgear, Internet On The Go, Belkin International Inc., D-Link Corporation, XCom Global Inc. and Franklin Wireless.
On February, 2016, Cisco announced that it will start collaboration with Ericsson and Intel to develop and test the industry’s first ever 5G router to speed up the innovation of critical 5G technology.
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For this report, Reports and Data have segmented into the global Mobile Router market on the basis of resin type, composite phases, industry vertical, and region:
Type Outlook (Revenue, USD Billion; 2018-2026)
Standalone devices
Bundled devices
End-User Outlook (Revenue, USD Billion; 2018-2026)
Domestic users
Commercial users
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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The post Mobile Router Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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