New York, NY -- (SBWire) -- 05/09/2019 --Rapid increase in the use of internet is projected to stimulate the growth of mobile router market
This report on Mobile Router Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
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.
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.
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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.
The market in the Asia Pacific region is projected to grow at the highest CAGR of 7.4%% in the forecast period. This can mainly be attributed to the rise in the level of disposable income and penetration of smartphones in the countries in this region especially India and China. More and More organization in the region are switching to digital infrastructure to improve their efficiency and this can be achieved by implementation of mobile routers.
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.
- 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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Some of the key findings from our Mobile Router Market forecast report
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Mobile Router Market exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented global mobile router market on the basis of type, end-user 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; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
o U.S.
- Europe
o France
o UK
- Asia Pacific
o China
o India
o Japan
- Latin America
o Brazil
- MEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/mobile-router-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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Mobile Router Market in-Depth Analysis by Top Players: Cisco Systems, Huawei, TP-Link, Netgear : Market Size by 2026 - USD 17.08 Billion : Market Growth - CAGR of 7.3%
This Mobile Router Market report covers the status of import and export, supply chain management, distribution channels, production volume, production capacity, product price, profit, sale and others elements.