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Global Mobile Broadband Modem Market 2012-2016

Global mobile broadband modem market: 15% CAGR between 2012-2016


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2014-02-24 05:32:01 - Global Mobile Broadband Modem Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Mobile Broadband Modem Market is to grow at a CAGR of 14.62 percent over the period 2012-2016. One of the key factors contributing to this market growth is the high adoption of mobile devices. The Global Mobile Broadband Modem Market has also been witnessing availability of 3G and 4G supporting modems. However, the increasing availability of mobile hotspot routers could pose a challenge to the growth of this market.

Currently, mobile broadband modem providers are offering modems with 3G and 4G network connectivity. This helps in providing uninterrupted 3G or 4G connectivity for the end-users. Moreover, service providers are offering 3G and 4G services at competitive rates to increase the acceptance of these services among end-users and improve their

 

 

competitiveness. Furthermore, 3G and 4G services offerings are likely to attract individual consumers that require advanced connectivity in their devices. Therefore, the availability of modems that support 3G and 4G networks is a positive trend that will spur the growth of the Global Mobile Broadband Modem market during the forecast period.

One of the main drivers in this market is the high adoption of laptops and tablet computers. Since these devices are widely used for personal and professional purposes, the need for mobile broadband connectivity increases. Mobile broadband modems offer the dual advantage of internet connectivity with mobility. Hence, these factors will increase the demand for mobile broadband modems during the forecast period.

One of the main challenges in this market is the availability of mobile hotspot routers. Mobile hotspot routers are a cost-effective way of accessing the internet. Moreover, they allow multiple users to access the internet through a single device. Since mobile broadband modems allow internet access for a single user, they are costlier than mobile hotspot routers. Hence, the increase in the adoption of mobile hotspot routers is expected to negatively impact the growth of the Global Mobile Broadband Modem market.

Key vendors dominating this space include Huawei Technologies Co. Ltd., Novatel Wireless Inc., Sierra Wireless Inc., and ZTE Corp. Other vendors mentioned in the report are AnyDATA Corp., Franklin Wireless Corp., Motorola Solutions Inc., NetComm Wireless Ltd., and Samsung Electronics Co. Ltd.

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