Press release
Wireless Router Market Expected to Reach Tremendous Growth by 2027 with key players Like Cisco Systems, Inc.,Shenzhen Tenda Technology Co. Ltd.,TP-Link Technologies Co. Ltd.,Belkin International, Inc.
Wireless Router market
Considerable acceleration for the demand for wireless router owing to the continuing trend toward automation and sustained advanced technical improvements in wireless router is majorly driving the market for smart infrastructure. The North America is the world's largest market for wireless router market owing to the presence of large number of industries as well as growing adoption of smart home equipment's.
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Top Key Players:- Cisco Systems, Inc.,Shenzhen Tenda Technology Co. Ltd.,TP-Link Technologies Co. Ltd.,Belkin International, Inc.,D-Link Corporation,Edimax Technology Co., Ltd.,Huawei Technologies Co., Ltd.,Netgear Inc,Xiaomi,ASUSTeK Computer Inc.
Geographically, the market is currently dominated by North American countries especially by US, however the market is expected to be in favor of APAC and Europe, which is anticipated to witness remarkable IoT and connected infrastructure over the coming years. Besides this, Middle-East region shows highest growth rate in near future due to growing urbanization, rising population, and government support in smart city and smart infrastructure deployment.
Since 2015, the Asia Pacific started regaining its attention towards development of Wi-Fi, and the government authorities and internet service providers have become key influencers in the market by investing significantly into public Wi-Fi facilities. Further, the dramatically increasing popularity of value - added services (VAS) and mobile applications like online gaming and video streaming has accelerated the demand growth of mobile data traffic. Owing to this several MNOs (Mobile Network Operators) in the region are providing their customers with Wi-Fi services in order to reduce the data traffic from 4G and 3G networks. According to a survey performed in 2015, approximately 90% of the mobile user in APAC used Wi-Fi, whereas 20% of them prefer to use Wi-Fi than mobile data.
Key findings of the study:
o From a growth perspective, the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 11.1% during the forecast period
o Based on application, the household segment is projected to witness profitable opportunities with projected CAGR growth rate of 9.7%
o Based on end-user, the indoor segment is projected to grow with a CAGR of 8.5%
The year 2016 for India reverberated as the year of Wi-Fi domination particularly in the area of mobile conversation. The country witnessed an exponential growth in the number of Wi-Fi hotspots. Further, in the year 2017, the penetration of smartphones in India gushed, and it was anticipated that the count for public Wi-Fi in the country for the coming years will be growing by eight folds.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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