NEW
YORK, June 24, 2024 /PRNewswire/ -- The global
home wi-fi router market size is estimated to grow by
USD 2.84 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 11.84% during the forecast period. The home
Wi-Fi router market is booming, fueled by the increasing need for
high-speed internet access in homes.
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This trend is driven by several factors:
- Rise of smart devices: Smartphones, laptops,
tablets, and smart home appliances all rely on Wi-Fi for seamless
operation.
- Remote work and learning: The shift towards remote
work and online learning has increased demand for reliable and
secure Wi-Fi connections.
- Streaming and mobile data: Video streaming and
data-heavy mobile applications require faster and more robust Wi-Fi
networks.
Market Growth and Trends:
- Partnerships: Telecom companies are partnering with
Wi-Fi router manufacturers to offer bundled packages, attracting
customers and boosting sales.
- Advanced features: Dual-band and tri-band routers offer
wider coverage and better performance for multiple devices.
- Mesh networks: These systems provide seamless Wi-Fi
coverage throughout a home, eliminating dead zones.
- Security concerns: With more connected devices,
consumers seek routers with strong security features to protect
against hacking and data breaches.
Challenges in Developing Regions:
- Limited infrastructure: Insufficient internet and
telecom infrastructure in some countries hinders market
growth.
- Technology gap: The lack of 5G networks and advanced
mobile routers restricts Wi-Fi capabilities in certain areas.
Future Outlook:
The home Wi-Fi router market is expected to maintain its growth
trajectory as the demand for high-speed internet and connected
devices continues to rise. Manufacturers will focus on innovation,
offering routers with enhanced features, wider coverage, and robust
security to cater to evolving consumer needs. Partnerships between
telecom providers and router manufacturers are likely to play a
significant role in market expansion, particularly in developing
regions with improving infrastructure.
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio