India Hotspot Devices Market To Establish Growth Due To Rapid Technological Advancement Until FY2027
Increased advancement of
internet of things is driving the growth if India Hotspot Devices Market,
FY2017-FY2027.
According to TechSci
report on, “India Hotspot Devices Market By Type (Hotspot
Gateways, Hotspot Controllers, Mobile Hotspot Devices) By Component (Hardware,
Software, Services) By Application (Financial Services, Healthcare,
Transportation, Telecom & IT, Education, Retail, Others) By Region,
Competition Forecast & Opportunities, FY2027”, India hotspot devices market is anticipated to
register an impressive growth in the forecast period, FY2023-FY2027, on the
account of rapidly rising demand of portable hotspot connections. Moreover, increased
consumption and surged demand of smartphones, tablets, laptops etc. are aiding
to the growth of the India hotspot devices market. Also, internet of things is
multiplying rapidly, and the smart electronics are penetrating
the market thereby supporting the growth of the India hotspot devices market in
the upcoming five years. Also, presence of the abundant number of market
players can be asserted as one of the major factors responsible for driving the
market growth in subsequent years of forecast. The advancing technology would
also drive the future growth of the market. Telecommunication services like 5G,
fiber, and cable are confirmed example of advancing technology and it being an
effective driver for the market in the future five years. However, the security
concerns are holding a mild restraint on the growth of the India hotspot
devices market. Security issues like data interception, misconfigured APs, and
wireless phishing are some of the concerning factors, if the new market player
act over these security issues, they may establish their market and sustain the
growth of the India hotspot devices market until FY2027.
Hotspot devices are wireless access
point that can be connected to internet and be used to provide smartphones,
tablets, laptops, etc., access to the internet connection. These devices are
non-portable and wireless. Portable hotspot devices are more in demand due to
their ease of access and advantage of portability. Smartphones, smart devices
like tablets, laptops can be easily connected with portable wi-fi hotspot
device.
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The India hotspot devices market is
segmented by type, component, application, regional distribution, and
competitional landscape. Based on component, the market is further bifurcated
into hardware, software, services. Hardware sub-segment is anticipated to hold
the majority of the revenue shares of the market and assert its dominance over
the market on the account of rapidly increasing number of devices flooding the
market. Moreover, the demand for smartphones, tablets and laptops are
increasing and aiding the growth of the market segment. Services sub-segment is
expected to register the fastest growing CAGR on the account of sudden surge in
the demand for the 5G network connections for multiple devices at once. The
telecommunication companies are consistently working to provide the first-class
services to their customers and the advancing techniques to do that will
further aid the growth of the India hotspot devices market in the next five
years.
Some of the top players in the India hotspot
devices market are, Huawei Telecommunications (I) Co Pvt Ltd, NETGEAR
Technologies India Pvt Ltd, Novatel Wireless Solutions (India) Private Limited,
Micromax Informatics Limited, TP-Link India Pvt Ltd, ZTE Telecom India Private
Limited, Belkin India Private Limited, Samsung India Electronics Limited, Bharti
Airtel Limited, Verizon Data Services
India Private Limited, Reliance Communication Limited, Vodafone Idea Limited, Alcatel
Lucent India Limited, Google India Private Limited, Digisol Systems Ltd, among
others. New players entering the market may form partnerships with other
players or the end users of the industry for a consistent inflow of the
product. With advancing technology and evolving devices, the market is bound to
experience an impressive growth in the future years.
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“Hotspot devices
are new-tech devices with the widespread applications. Many industries like
retail, hospitality, education, banking, etc. are utilizing the devices to
obtain the high-speed internet connections and enjoy the services for various
functions. The industries are able to effectively discharge their services and
functions. Market players like Novatel, NETGEAR, Huawei are working with
research and technology advancements and aiding to the market growth. With
neighboring countries actively involved in the import and export of
technological advancements new market players may encounter a difficult market
for establishment,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Hotspot Devices Market By Type (Hotspot
Gateways, Hotspot Controllers, Mobile Hotspot Devices) By Component (Hardware, Software,
Services) By Application (Financial Services, Healthcare, Transportation,
Telecom & IT, Education, Retail, Others) By Region, Competition Forecast
& Opportunities, FY2027” has evaluated the future growth
potential of India hotspot devices market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in India hotspot devices market.
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