Global home Wi-Fi router market size is forecast to grow by USD
966.37 million during 2019-2023 at a CAGR of almost 7%, with fixed Wi-Fi router
segment having the largest market share. Home WiFi router market analysis
indicates growth will be driven by the increasing adoption of the smart
connected home system. Partnerships among telecom network providers and Wi-Fi
router manufacturers will also impact home Wi-Fi router industry growth. Global
home Wi-Fi router market size will grow by USD 966.37 million during 2019-2023,
at a CAGR of almost 7%. With the rising competition in the telecom industry,
telecom companies are partnering with home Wi-Fi router providers as a new
strategy to increase their customer base, gain a competitive edge, and have a
long-term leadership in the market. Also, the need for high-speed data
connection is compelling them to leverage Internet connectivity by partnering
with Wi-Fi router manufacturers. This helps them to offer new Internet
connection such as 5G network and routers like Nokia's 5G routers for home
users.
Request for a FREE sample http://bit.ly/2KShwVD
and get selected illustrations, table of contents, list of exhibits, and
example pages from this report.
Increasing adoption of smart
connected home system
Wi-Fi routers are increasingly being used in smart connected
home systems to connect smart home appliances. Also, technological advances and
innovations in Wi-Fi routers are driving growth in the smart home appliances
market. Home Wi-Fi routers enable 24'7 seamless Internet connectivity for
Al-enabled smart home controllers and smart hubs to remotely control smart home
appliances. This is encouraging smart appliance vendors to attract tech-savvy
consumers by introducing product differentiation and technologies such as Wi-Fi
for connectivity. This bridges the gap between users and their appliances and
helps them to handle and perform tasks remotely.
“The high internet
penetration, increasing dependency on the internet, and the growing adoption of
technology will drive the home Wi-Fi router market growth in APAC.
Additionally, the growing focus on smart city and smart home planning and
growth initiatives for an internet revolution in countries such as India and
China will also drive the growth of the market in the APAC region”, says an
analyst at Technavio.
Vendors of Wi-Fi routers are focusing on maintaining their
market position by partnering with telecom providers. They are also trying to
maintain a competitive advantage by participating in strategic alliances with
other end-user industries to slowly enter the untapped regions in APAC. Also,
they are introducing next-generation Wi-Fi routers with dual-band frequencies,
modern chipsets, built-in filters, and multiple antennas. All these factors
will boost adoption leading to an increase in the sale of home Wi-Fi routers.
View snapshot of the report for a more detailed
overview of the market and the segmentation covered in this report
This home Wi-Fi router industry research report provides an
in-depth analysis of the major drivers, upcoming trends, and challenges that
will impact market growth over the forecast period. The report analyzes the
competitive landscape and offers details on several home Wi-Fi router
manufacturers including:
·
ASUSTeK Computer Inc.
·
Cisco Systems
·
D-Link Corporation
·
Huawei Technologies Co.
·
NETGEAR
Some of the key topics covered in the report include:
Market Landscape
·
Market ecosystem
·
Market characteristics
·
Market segmentation analysis
Market Sizing
·
Market definition
·
Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
·
Regional comparison
·
Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
·
Vendors covered
·
Vendor classification
·
Market positioning of vendors
·
Competitive scenario
No comments:
Post a Comment