Global Residential Routers Market - Segmented by Type of Connectivity (Wired, Wireless), Type of Port (Gigabit, Fast Ethernet), Type of Wi-Fi Band (Single Band, Dual Band, Tri Band), and Region - Growth, Trends, and Forecast (2022 - 2030)
The residential routers market is expected to register a CAGR of 7.12%, during the forecast period (2018 - 2023). The scope of the report is limited to the type of connectivity, port and Wi-Fi bands. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Growth in IP traffic, transition towards cloud for data storage are a few factors driving the growth of the market, where as security and privacy concerns are inhibiting its growth rate. Moreover, with the growing smart homes market, residential routers market is bound to increase.
Increasing Demand of Connected Devices
Over the past few years, a significant increase in demand of connected devices, such as smart phones, smart watches, and tablets was seen. As these devices need to be connected to the internet for most of its functions, the residential routers market is bound to increase. Moreover, in smart homes every device will require an internet connection to work properly. In future, the demand for connectivity in homes will only increase, thus, boosting router market. Increasing digitalization will also provide aid to the market as digitalization concept will not be successful without the internet and to connect all devices to the internet, router is a must.
Asia Pacific to Register the Highest Growth Rate
Asia Pacific is expected to register the highest growth rate during the forecasted period. The region has high population density with increasing disposable income of the people. Emerging economies, such as India and China are expected to drive the market in the region. The purchasing power of the people living in these countries have increased over the past few years. Moreover, with the upcoming of smart cities and smart homes in these countries, the market of residential routers is all set to increase.
Key Developments In The Market
• March 2018 - D-Link launched AC1750 MU-MIMO Wi-Fi router for HD streaming, gaming and multiple device usage
• January 2018 - Netgear introduced Nighthawk Pro Gaming XR500 WiFi Router and SX10 10G/Multi-Gig LAN Switch. The new NETGEAR Pro Gaming products will provide increased speed, performance, personalization and control. The D-Link AC1750 MU-MIMO Wi-Fi Router supports up to three data streams with MU-MIMO Technology, which allows multiple devices to receive high bandwidth Wi-Fi signals at the same time
Major Players - NETGEAR INC., D-LINK CORPORATION, TP-LINK, LINKSYS, TRENDNET, AND SYNOLOGY INC., amongst others.
Reasons To Purchase This Report
• To know, how various factors are driving the market with respect to the global market scenario
• To analyze various market perspectives, with the help of Porter’s five forces analysis
• To know, which of the regions is expected to witness the fastest growth rate during the forecast period
• To identify the latest developments, market shares, and strategies that are employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Growth in IP traffic, transition towards cloud for data storage are a few factors driving the growth of the market, where as security and privacy concerns are inhibiting its growth rate. Moreover, with the growing smart homes market, residential routers market is bound to increase.
Increasing Demand of Connected Devices
Over the past few years, a significant increase in demand of connected devices, such as smart phones, smart watches, and tablets was seen. As these devices need to be connected to the internet for most of its functions, the residential routers market is bound to increase. Moreover, in smart homes every device will require an internet connection to work properly. In future, the demand for connectivity in homes will only increase, thus, boosting router market. Increasing digitalization will also provide aid to the market as digitalization concept will not be successful without the internet and to connect all devices to the internet, router is a must.
Asia Pacific to Register the Highest Growth Rate
Asia Pacific is expected to register the highest growth rate during the forecasted period. The region has high population density with increasing disposable income of the people. Emerging economies, such as India and China are expected to drive the market in the region. The purchasing power of the people living in these countries have increased over the past few years. Moreover, with the upcoming of smart cities and smart homes in these countries, the market of residential routers is all set to increase.
Key Developments In The Market
• March 2018 - D-Link launched AC1750 MU-MIMO Wi-Fi router for HD streaming, gaming and multiple device usage
• January 2018 - Netgear introduced Nighthawk Pro Gaming XR500 WiFi Router and SX10 10G/Multi-Gig LAN Switch. The new NETGEAR Pro Gaming products will provide increased speed, performance, personalization and control. The D-Link AC1750 MU-MIMO Wi-Fi Router supports up to three data streams with MU-MIMO Technology, which allows multiple devices to receive high bandwidth Wi-Fi signals at the same time
Major Players - NETGEAR INC., D-LINK CORPORATION, TP-LINK, LINKSYS, TRENDNET, AND SYNOLOGY INC., amongst others.
Reasons To Purchase This Report
• To know, how various factors are driving the market with respect to the global market scenario
• To analyze various market perspectives, with the help of Porter’s five forces analysis
• To know, which of the regions is expected to witness the fastest growth rate during the forecast period
• To identify the latest developments, market shares, and strategies that are employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Frequently Asked Questions
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