Mobile Hotspot Market Size, Share, Growth Report 2030

Mobile Hotspot Market

Mobile Hotspot Market By Offerings (Component [Mobile Router, Portable Dongles, Others], Software, Service), By End-User (Domestic Use, Professional Use), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.

Category: Technology & Media Report Format : PDF Pages: 199 Report Code: ZMR-5648 Published Date: Apr-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 3.92 Billion USD 14.74 Billion 19.6% 2022

Industry Perspective:

The global mobile hotspot market size is set for rapid growth over the forecast period. In terms of revenue, the Global Mobile Hotspot Market accounted for USD 3.92 Billion in 2022 and is expected to reach USD 14.74 billion by 2030, growing at a CAGR of 19.6% during the forecast period. The market report offers quantitative and qualitative insights into the key drivers, opportunities, constraints, and challenges impacting the global mobile hotspot market industry.

Global Mobile Hotspot Size GrowthRequest Free Sample

Mobile Hotspot Market: Overview

Mobile hotspot, also known as a portable hotspot, is an ad hoc wireless access point created by a dedicated hardware system or a smartphone feature that shares the cellular data of the phone. The hardware devices used to create them are officially known as travel or pocket routers. These are sometimes called mobile hotspot. The shared hotspot can then be used by other nearby appliances to connect to the internet. Mobile hotspot is also referred to as Mi-Fis in the United States and some other countries. Travel routers access cellular signals and convert 3G/4G signals to Wi-Fi and vice versa. This creates mobile Wi-Fi networks which can be shared by several users within approximately 10 meters of the device. Mobile hotspot devices and the cellular data plans needed to enable them are provided by most wireless carriers. Another choice is to connect to other devices using a smartphone. Many smartphones allow a mobile hotspot to be generated by tethering, accessing the existing cellular data connection of the phone.

Key Insights

  • As per the analysis shared by our research analyst, the global mobile hotspot market is expected to grow annually at a promising CAGR of around 19.6% during the forecast period 2023-2030.
  • In terms of revenue, the global mobile hotspot market size was valued at around USD 3.92 billion in 2022 and is expected to reach USD 14.74 billion by 2030.
  • Based on offerings, the hardware segment held the largest market share in 2022.
  • Based on end-user, the professional use segment held the dominating market share in 2022.
  • Based on region, the Asia-Pacific region is predicted to cite the fastest CAGR during the forecast period.

Global Mobile Hotspot Request Free Sample

Mobile Hotspot Market: Growth Factors

Presence of advanced security options and multiple device support drive the growth of the market

Dedicated hotspots have enough life to operate all day long. Hotspots also tend to provide more security options and support more devices than the hotspot mode on the phone. In the case of phones, it can connect up to five devices, however, hotspots can support more than ten devices with better support with VPNs, port forwarding, and parental controls. A hotspot is comfortable if you're setting up a mobile office for a group. In addition, grabbing a hotspot will save you from racking up expensive roaming fees if your business trips take you abroad.

There is no huge difference recently between the Wi-Fi range on market-leading cell phones and hotspots, but a leading hotspot when linked to an inexpensive external antenna receives better LTE reception. A hotspot is a more affordable solution compared to a more costly Wi-Fi system. All these factors are predicted to contribute to the global mobile hotspot market growth.

Mobile Hotspot Market: Restraints

Extortionate cost of mobile data plans in certain countries and regulatory restrictions might hinder the growth of the market

The mobile hotspot market has several restraints that may limit its growth potential. These include concerns about data security & privacy, regulatory restrictions, and the high cost of mobile data plans. Additionally, the availability and speed of cellular networks in some areas may impact the market's expansion, as well as the increasing popularity of other connectivity options such as public Wi-Fi networks and fixed broadband.

Mobile Hotspot Market: Opportunities

Rise of remote working and increase in the popularity of IoT technologies may create ample opportunities for the market

The mobile hotspot industry presents several opportunities for growth. One of the key drivers of this market is the increasing demand for mobile internet connectivity, driven by the proliferation of smartphones and other mobile devices. In addition, the rise of remote work and virtual collaboration has also led to a greater need for reliable and secure mobile hotspot solutions. Moreover, the growing popularity of IoT and other emerging technologies is expected to drive further demand for mobile hotspot solutions. Finally, the development of advanced 5G networks and other technological advancements are expected to increase the speed and reliability of mobile hotspot connections, opening up new possibilities for innovation and expansion in the market.

Mobile Hotspot Market: Challenges

Increase in cyber threats and data breaches might act as a challenge for the market

The mobile hotspot industry faces several challenges that could hinder its growth. One significant challenge is the availability and quality of cellular networks in some areas, which could limit the reliability and speed of mobile hotspot connections. Additionally, the high cost of mobile data plans may deter some customers from using mobile hotspot solutions, particularly in emerging markets. Security concerns also present a challenge, as cyber threats and data breaches can compromise the privacy and security of mobile hotspot users. Finally, competition from established players in the market can make it difficult for new entrants to gain traction, particularly given the dominance of large telecommunications companies in some regions.

Mobile Hotspot Market: Segmentation

The global mobile hotspot market is segmented into offerings, end-user, and region.

Based on offerings, the market is bifurcated into hardware, software, and solutions. The hardware segment held the largest market share in 2022 and is further predicted to grow rapidly at a significant CAGR during the forecast period. The hardware segment of the mobile hotspot market has experienced steady growth in recent years, driven by the increasing demand for reliable and secure mobile hotspot solutions. Mobile hotspot devices and routers provide a convenient way for users to access the internet on the go, particularly in areas with limited Wi-Fi access.

Additionally, the development of 5G networks and other technological advancements have improved the speed and reliability of mobile hotspot connections, driving further growth in the hardware segment. Despite the competition from software and solutions offerings, the hardware segment is expected to continue its growth in the hardware segment. Despite the competition from software and solutions offerings, the hardware segment is expected to continue its growth trajectory as more people rely on mobile devices for internet access and the need for mobile hotspot devices and routers persists.

Based on end-user, the market is segmented into domestic use and professional use. The professional use segment held the dominating market share in 2022 and is projected to grow exponentially at a notable CAGR during the forecast period. The professional use segment of the mobile hotspot market has grown rapidly in recent years due to the increasing need for remote work and virtual collaboration solutions. Businesses and organizations require mobile hotspot solutions to enable their employees to work from remote locations or in the field, driving demand for these offerings. Additionally, the development of 5G networks and other technological advancements has improved the speed and reliability of mobile hotspot connections, making them a more viable solution for professional use cases.

Recent Developments

  • In July 2021, Verizon, one of the world's leading providers of technology and communications services, announced the launch of a new mobile hotspot plan aimed at remote workers and digital nomads. The plan offers unlimited 5G data and is available on a month-to-month basis, making it a flexible and affordable option for those who need reliable internet access on the go.
  • In June 2021, Huawei, a dominant China-based provider of 5G networks and a leader in sales of telecommunications equipment, announced the launch of its latest mobile hotspot device, the Huawei 5G Mobile Wi-Fi Pro. The device offers 5G speeds, support for up to 40 devices, and a large battery capacity, making it ideal for remote workers and families.

Mobile Hotspot Market Report Scope:

Report Attributes Report Details
Report Name Mobile Hotspot Market Research Report
Market Size in 2022 USD 3.92 Billion
Market Forecast in 2030 USD 14.74 Billion
Growth Rate CAGR of 19.6%
Number of Pages 199
Key Companies Covered Aptilo Networks AB, Verizon Communications Inc., Optus, Singtel, Sprint Corporation, Japan Communications Inc., Orange S.A., Bharti Airtel, Sierra Wireless, Inc., Novatel Wireless, Inc., Skyroam Inc., ZTE Corporation, Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co. Ltd. Samsung Electronics Ltd., Vodafone Group plc, Reliance Communications, AT&T Inc, NETGEAR Inc., and Ericsson among others.
Segments Covered By Offerings, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Mobile Hotspot Market: Regional Analysis

North America to lead the global market during forecast period

North America, followed by Europe is estimated to dominate the global mobile hotspot market. Technological advancement and the adoption of wireless routers & dongles by more people in these regions are expected to drive market growth. Asia Pacific is expected to grow at a faster rate due to the presence of developing economies like China, India, Japan, and others. People are aware of advanced technologies and are using dongles and routers for their professional use. This growth has been further spiked in the year 2020 as most of the students & teachers and other office-going people ended up working and attending classes online. This has accelerated the growth in this region.

Mobile Hotspot Market: Competitive Players

Some main participants of the global mobile hotspot market are:

  • Aptilo Networks AB
  • Verizon Communications Inc.
  • Optus
  • Singtel
  • Sprint Corporation
  • Japan Communications Inc.
  • Orange S.A.
  • Bharti Airtel
  • Sierra Wireless Inc.
  • Novatel Wireless Inc.
  • Skyroam Inc.
  • ZTE Corporation
  • Cisco Systems Inc.
  • Nokia Corporation
  • Huawei Technologies Co. Ltd. Samsung Electronics Ltd.
  • Vodafone Group plc
  • Reliance Communications
  • AT&T Inc
  • NETGEAR Inc.
  • Ericsson

The global mobile hotspot market is segmented based on:

By Offerings

  • Hardware
  • Software
  • Solution

By End-User

  • Domestic Use
  • Professional Use

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Mobile hotspot, also known as portable hotspot, is an ad hoc wireless access point created by a dedicated hardware system or a smartphone feature that shares the cellular data of the phone. The hardware devices used to create them are officially known as travel or pocket routers. These are sometimes called mobile hotspot. The shared hotspot can then be used by other nearby appliances to connect to the internet.

The global mobile hotspot market is predicted to increase at a CAGR of 19.6% during the forecast period.

The global mobile hotspot market was worth around USD 3.92 billion in 2022 and is expected to reach USD 14.74 billion by 2030.

The global mobile hotspot market is being driven by several factors, including the increasing adoption of mobile devices, internet penetration, and technological advancements such as the deployment of 5G networks. The market is expected to continue growing due to evolving digital landscapes, remote work trends, and changing consumer behaviors.

Asia-Pacific held a notable share in the global mobile hotspot market in 2022 and is likely to grow the fastest during the forecast period. The growth of the mobile hotspot market in Asia-Pacific is being driven by factors such as increasing adoption of mobile devices and internet penetration, and the proliferation of 5G networks and IoT devices. The region's evolving digital landscape and changing consumer behaviors are expected to continue driving growth in the market.

Some of the major companies operating in the mobile hotspot market include Aptilo Networks AB, Verizon Communications Inc., Optus, Singtel, Sprint Corporation, Japan Communications Inc., Orange S.A., Bharti Airtel, Sierra Wireless, Inc., Novatel Wireless, Inc., Skyroam Inc., ZTE Corporation, Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co. Ltd. Samsung Electronics Ltd., Vodafone Group plc, Reliance Communications, AT&T Inc, NETGEAR Inc., and Ericsson among others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed