Wireless Router Market size was valued at $571.50 Mn in 2020 and is projected to reach $1260.5 Mn in 2028, growing at a CAGR of 10.4%
Increase in the process of incorporation of IoT in various areas by the introduction of capabilities of control, expansion of remote access, networked devices, attached together to the various end-users in a single network results in the deployment of the wireless router in the outdoor application. Wireless router market size was derived by using the secondary and primary source. Participants who are involved in the various process of obtaining the quantitative and qualitative information are the industry experts like market intelligence managers, business development managers, national sales managers, and VPs and the external consultant like key opinion leaders, research analysts, and valuation experts specializing in the industry of wireless routers.
Factors that are responsible for the growth of the wireless router market is the usage of smart devices like smart TV, tablets, and smartphones. In addition, the rise in the range of the wireless network, demand for the faster internet and connected devices is boosting the growth of the wireless router market. Wireless router market is facing the challenges like easy access have the hazard of hacking, lack of skilled labor needed for maintaining and providing the quality of service and the requirement of the efficient system of cyber-security.
Global wireless router market trends are increasing in the acceptance of the high-speed access of internet. Factors that are driving the growth of global wireless router market in the connectivity of mobile broadband are lack of fixed-line access, reduction in the cost of technology per MB data, increasing demand for internet access, availability and affordability of smartphones. This remarkable growth in the value for high-speed internet is expected to participate in the growth of wireless router market on the large scale.
Trends that are getting popular in the wireless router market is the rise in the use of commercial routers in the industry of retail. As retail is the most competitive industry, it provides the best experience to a customer in the most affordable manner. By introducing the various wireless connected solutions like the vending machines, point of sale (POS) systems, kiosks, and radio frequency identification (RFID) systems, shopping preference of consumers has improved and helped in decreasing the costs, increasing the portfolio of the product and processes of automating manual. For example, systems of POS helps the staff of the organization to offer the better experience to the consumer by allowing the process of flexible payment and increasing the queue management. In addition, many of the retailers are installing the security cameras in retail stores because of a decrease in the prices of devices of M2M communication, will foster the growth of wireless routers market share.
Global wireless routers market is segmented into the application, type, and region. On the basis of application, wireless routers market is divided into entertainment and home office. Based on the type, wireless routers market is divided into 150 Mbps, 300 Mbps, 450 Mbps and more.
Geographically, regions involved in the wireless routers market analysis are Europe, North America, South America, Asia Pacific, and Middle East & Africa. North America holds the largest wireless routers market share and will participate with the maximum revenue because of the developments in technology and the application of wireless routers in several segments of the industry. The Asia Pacific is the fastest growing region with substantial growth in the construction sector will increase the growth of the wireless routers market.
Key players involved in the global wireless router market analysis are D-Link, TP-LINK, NETGEAR, Qihoo 360, Xiaomi and Huawei.
Wireless Router Market Scope
|Revenue forecast in 2028
|CAGR of 10.4 % during 2018-2028
|By Standard, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|D-Link, TP-Link, Cisco, Huawei Technologies, ASUSTek Computer, Edimax Technology, Buffalo Americas, Xiaomi
Key segments of the global Wireless Router market
By Standard (USD Million)
Regional Overview, (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America