Technavio has announced the release of their research report on the
Global Home Wi-Fi Router Market for the forecast period 2019-2023. This
home Wi-Fi router market analysis report segments the market by type
(fixed Wi-Fi router and mobile Wi-Fi router) and geography (APAC,
Europe, MEA, North America, and South America).
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The global home Wi-Fi router market will post a CAGR of almost 7% during 2019-2023 (Graphic: Business Wire)
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.
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.
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“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
About Technavio
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research and analysis focuses on emerging market trends and provides
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develop effective strategies to optimize their market positions.
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500 companies.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190422005076/en/