Residential Gateway Market Size is Poised to Reach US$ 8.05 Billion by 2028

Industry Overview of the Residential Gateway Market
A residential gateway, also called a home router, refers to a compact consumer-grade device that usually acts as a single point of access and is configured to facilitate the connection of a local area network (LAN) to a wide area network (WAN) via the modem. It generally operates as a mediator between various digital home networks and access providers. A residential gateway assists in connecting with numerous consumer electronic products, such as desktops, laptops, printers, tablets, etc. It does not require complex network setups to operate and offers simplified access to several networks that ensure seamless interconnection. A residential gateway provides better connectivity, optimal security, enhanced domain control, etc. Owing to these properties, it is extensively utilized in households to access cable, internet, and telephone services delivered to the home.

How Big Is the Residential Gateway Market?
The global residential gateway market size reached US$ 5.47 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 8.05 Billion by 2028 exhibiting a CAGR of 6.6% during 2023-2028.

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Residential Gateway Market Trends and Drivers:
The escalating demand for high-speed and reliable internet connectivity is primarily driving the residential gateway market. Additionally, the inflating need for broadband connection and the rising popularity of streaming services during the sudden outbreak of the COVID-19 pandemic, owing to their minimal monthly subscription rates and vast content library, are further bolstering the market growth. Besides this, the expanding media and entertainment industry and the widespread adoption of over-the-top (OTT) platforms are acting as significant growth-inducing factors. Moreover, the growing usage of residential gateway to operate smart home interconnected devices, such as security cameras, connected thermostats, door locks, etc., for offering optimal comfort, convenience, and security to users is also positively influencing the global market. Apart from this, the introduction of new services by network operators is anticipated to fuel the residential gateway market over the forecasted period.

Global Residential Gateway Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Actiontec Electronics Inc., Advanced Digital Broadcast, AudioCodes Ltd., AVM, Cisco Systems, Comtrend Corporation, Huawei Technologies Co. Ltd., Humax Co. Ltd., Sagemcom, Vantiva SA, Zyxel Communications Corporation (Unizyx Holding Corporation), etc.

The report segmented the market based on region, type, component type, connection type and application.

Type Insights:
• High-end Residential Gateways
• General Residential Gateways

Component Type Insights:
• Modem
• Router
• Network Switch
• Others

Connection Type Insights:
• Local Area Network (LAN)
• Metropolitan Area Network (MAN)
• Wide Area Network (WAN)

Application Insights:
• Internet
• STB
• DVR
• Others

Regional Insights:
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The key regions covered in the market report are Asia Pacific, Europe, North America, Latin America, Middle East and Africa.

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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