NEW YORK, Nov. 22, 2016 /PRNewswire/ -- About Mobile Hotspot A mobile hotspot is a compact wireless router that enables end-users to avail high-speed internet services without any wires, because devices are connected via 3G or 4G mobile connections. It provides connectivity within a range of 30-33 feet and allows end-users to connect multiple Wi-Fi-enabled devices to a single router, thereby helping reduce the overall cost of internet services. A mobile hotspot router is a specifically designed portable, pocket-sized device with an inbuilt battery. The main use of a mobile hotspot router is to provide connectivity to multiple users, allowing a wide range of devices to access data from the internet. Mobile hotspots convert 4G or long-term evolution (LTE) signals to Wi-Fi. The functioning of mobile hotspots depends on the availability of LTE networks. For instance, in the US, AT&T and Verizon have the largest LTE network coverage compared to other network providers such as Sprint and T-Mobile. Therefore, users opt for networks with the largest coverage area and fastest mobile network. Technavio's analysts forecast the global mobile hotspot router market to grow at a CAGR of 19.26% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global mobile hotspot router market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of standalone mobile hotspot routers and the sales of bundled devices sold by device manufacturers.