Global 3G 4G Devices Market 2016-2020
Overview of the global 3G/4G devices market
Technavio’s market research analysts have estimated the global 3G/4G devices market to grow steadily at a CAGR of about 4% by 2020. To develop a better mobile workforce and gain competitive advantage, organizations are constantly changing their business scenarios. This has resulted in constant changes in work locations and time zone barriers and has increased the need to access official and confidential data through an employee’s personal device. This, in turn, has led to the increased adoption of bring-your-own-devices (BYOD) and bring-your-own-access (BYOA) policies which will be a major factor that accelerates the growth of the 3G/4G mobile devices market. Since these policies reduce the need for software purchases, reduce licensing costs and eliminate hardware device cost, there will be a rise in the number of organizations that adopt BYOA and BYOD policies.
This industry research report identifies that the growing popularity of IoT (Internet of Things) will be a major factor that will gain traction in this market during the forecast period. IoT facilitates organizations and individuals to monitor and control machines and appliances remotely without the need of human effort. Benefits such as the ease of handling emergencies, reduced operational costs, and better safety and security, will induce more businesses to adopt IoT services at their facilities.
Segmentation by product type and analysis of the 3G/4G devices market
- Mobile hotspots
During 2015, the smartphone segment dominated the 3G/4G devices market and accounted for almost 95% of the total market share. Factors such as the increase in internet usage and the growth of IoT (internet of things) will drive the growth of the smartphones market segment in the next four years and according to the report, this segment will dominate the global 3G/4G devices market throughout the forecast period.
Geographical segmentation and analysis of the 3G/4G devices market
In this market study, analysts have estimated that APAC will account for about 42% of the total market share and dominate the 3G/4G devices market by 2020. The increasing use of e-commerce portals and the rising disposable income of the consumers are will contribute to the growth of the market in the coming years. Additionally, the growing internet penetration and the rise in the number of mobile wireless broadband subscriptions will also fuel the growth of the market in this region.
Competitive landscape and key vendors
Owing to the presence of several vendors, this market appears highly fragmented. The market is highly competitive due to the strong position of existing vendors. Constant advances in technology and the increased adoption of wireless broadband devices will intensify the level of competition in the market during the forecast period.
The leading vendors in the market are -
- ASUSTek Computer
- Huawei Technologies
- Novatel Wireless
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the 3G/4G devices market?
- What are the key market trends impacting the growth of the 3G/4G devices market?
- What are the challenges to market growth?
- Who are the key vendors in the 3G/4G devices market?
- What are the market opportunities and threats faced by the vendors in the 3G/4G devices market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the 3G/4G devices market?
Technavio also offers customization on reports based on specific client requirement.
- Global Mobile Device Accessories Market 2016-2020
- Global Mobile Device Management (MDM) Market 2015-2019
- Global 3G 4G Enabled Mobile Devices Market 2015-2019
3G, the third generation of cell phone transmission, offers faster data transfer speeds than 1G and 2G networks of nearly 2 megabits/second. The 3G generation set the standard for most of the wireless technology and enables seamless web browsing, email, video downloading, and picture sharing, among others. The speed of the 4G technology is better than 3G and has to be nearly 1 Gigabit per second to pass as 4G. As it develops, 4G could outdo the speed of the average wireless broadband Internet connection. Apple, Samsung, and Lenovo are some of the important players in this market space.
The report, global 3G/4G devices market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.