Press release
Home Networking Devices Demand in Asia Pacific to Skyrocket
According to a recently published report by Transparency Market Research, product development and innovation are essential for home networking devices providers to stay ahead of the curve in a technology industry that evolves by the day.
Armed with a CAGR of 7.0% within a forecast period from 2015 to 2023, the global market for home networking devices is expected to reach US$14.35 bn by the end of 2016 and US$23.23 bn by the end of 2023.
Obtain Report Details @
http://www.transparencymarketresearch.com/home-networking-device-market.html
Wireless solutions not only continue to be the more popular solution in home networking devices, but the disparity between wired and wireless networking device revenues is expected to grow even further. By the end of 2023, the revenue generated by wireless home networking devices is expected to reach US$14.81 bn.
Routers have consistently been the leading home networking device components in terms of consumption. By the end of 2023, US$8.61 bn are expected to be generated by home networking device providers through the sale of routers.
APAC Leads in Demand for Home Networking Devices
By 2023, Asia Pacific is expected to generate a revenue of US$7.20 bn for its home networking devices providers. This region’s leading share in the global home networking devices market is attributed to its high population density coupled with the increasing disposable income among urban consumers.
North America is expected to lose part of its share to Asia Pacific due to an increased focus by home networking devices companies on emerging economies. North America, nonetheless, will continue to be a key contributor to the global demand for home networking devices.
High Demand for Home Connectivity Likely to Boost Need for Home Networking Devices
“More and more consumers are looking towards wirelessly connected devices operating within their homes. The scope of application of connected devices is increasing day by day, and so is the bandwidth that the devices can communicate on,” states a TMR analyst.
Connected devices in the home are more or less concerned with home appliances, wearable devices, healthcare monitors, and mobile devices. The communication between these devices is expected to improve even further through the use of innovative communication technologies such as ZigBee and Z-Wave.
Portable Networking Devices Challenge Home Networking Devices
The sales of home networking devices are expected to receive a noticeable setback over the coming years due to the proliferation of portable networking devices. IT giants are planning to offer portable router solutions, such as the OnHub provided by Google, Inc. The growing demand for these devices is expected to hinder the demand for home networking devices over the coming years.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=602
The threat of portable networking devices is low at the moment, due to this technology being in a relatively nascent stage of development. As time progresses, this threat is likely to increase.
“A long-term solution that home networking devices providers can adopt is to give home networking solutions as a complete package within connected homes. This can be a comprehensive and end-to-end package that directly cater to end-user requirements,” adds the analyst.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Home Networking Devices Demand in Asia Pacific to Skyrocket here
News-ID: 536467 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Networking
Optical Networking Market Report 2024 - Optical Networking Market Share And Size
"The Business Research Company recently released a comprehensive report on the Global Optical Networking Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The optical networking market size…
Enterprise Networking Market 2032: Wireless Networking Solutions Surge as Mobili …
Increased demand for high connectivity among enterprises to support bandwidth intensive applications and rise in need for efficient wireless networking among organizations boost the market growth. In addition, growing base of mobile internet devices is expected to supplement the market growth. However, lack of technical expertise and data security issues hamper the market growth. Furthermore, rise in adoption of virtualization technology and internet of things (IoT) is expected to provide…
Home Networking Device Market | #best home networking devices#comcast home netwo …
As per the current market trends and the promising nature of the Home Networking Devices Market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various…
Packet Networking Solution Market - Growing Demands For Various Kinds of Network …
Packet Networking is the breaking up of data such as images, email and voice into small formatted units which are called packets. These packets are transmitted across a network to other devices such as smartphones, where the packets are then reassembled to their original form. Businesses use Internet Protocol to monitor delivery of the packets over Ethernet links, which connect devices in a local area network. Packet-based networks are the…
Networking Equipment Market 2017- Networking ODM, Foxconn (??), Alpha (??)
MarketInsights.Biz, recently published a detailed market research study focused on the "Networking Equipment Market" across the global, regional and country level. The report provides 360° analysis of "Networking Equipment Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Networking Equipment industry, and estimates the future trend of Networking Equipment market on the…
Global Optical Networking Market 2017 : Alcatel-Lucent, ADVA Optical Networking, …
The survey report by Market Research Store is an overview of the global Optical Networking market. It covers all the recent trends including key developments in the global market in present and in future. Analyses of the global Optical Networking market trends along with the projections of CAGRs (compound annual growth rates) are provided in the research report.
Further, an evaluation of the history of the global market and the basic…
