Target Audience of Residential Routers Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Residential Routers Market Report provides key statistics on the market status of the Residential Routers Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
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.
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Major companies covered in this Report:
- Netgear Inc.
- D-Link Corporation
- and Synology Inc.
- Netgear Inc.
- AsusTek Computer Inc.
- Google Inc.
- Nokia Networks
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This Residential Routers market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Residential Routers market.