Home Networking Device Market - Professional Survey & Future Trends 2023

The demand for connectivity in a home is only expected to increase over time and is further supplemented by the increasing bandwidths offered by service providers. Both factors are expected to play a crucial role in the development of home networking devices. Wireless connected home appliances, wearable devices, mobile devices, and healthcare monitors form the bulk of all home networking devices that are in high demand. This will be the primary driver for the proliferation of home networking devices.

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Another driver expected to have a greater impact in the near future is the trend of product upgrade. Connected devices are improving in hardware specifications at a very fast pace. Additionally, the improvements in connectivity networks and bandwidth, such as the recent upgrade to the 802.11ac protocol, have promoted the trend of replacing devices at a faster rate.

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Two reasons responsible for this region’s high volume of home networking devices consumption is its high population density pockets in the urban areas of emerging economies such as India and China. Additionally, these consumers are becoming increasingly capable of purchasing better quality devices due to a rising amount of disposable income.

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Till recent times, a large number of consumers in emerging economies still preferred wired networks to wireless ones, owing to their higher cost. This is expected to change as wireless networking gets cheaper over time. By the end of 2023, wireless networking devices are expected to generate a revenue of US$14.81 bn, far higher than the revenue generated by wired home networking devices.

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