Industry Background:
Upsurging attraction towards home connectivity and home offices will help to boost global residential router market in the forecasted period. A residential router is a type of networking device. It is a small consumer-grade router which offers network access between local area network (LAN) hosts to a wide area network (WAN) via a modem. The router provides a more stable connection than the latter. Rising adoption of internet and high demand for connected device are the key drivers of global residential router market.
According to AMA, the market for Residential Router is expected to register a CAGR of 7.2% during the forecast period to 2026. This growth is primarily driven by High Adoption of Connected Devices Including Smartphones, Smartwatches, and Tablets and Growth in IP Traffic.
Globally, a noticeable market trend is evident Increasing Demand for Connectivity in Home
. The Networking Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Netgear Inc. (United States), D-Link Corporation (Taiwan), TP-Link Technologies Co. Ltd (China), Linksys Group (United States), TRENDnet, Inc. (United States), Synology Inc. (Taiwan), AsusTek Computer Inc. (Taiwan), Google Inc. (United States), Nokia Networks (Finland), Xiaomi Inc. (China) and Tenda (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20th March 2019, NETGEAR Inc. the leading provider of networking devices has launched new tri-band Wi-Fi 6 router. The NETGEAR Nighthawk®Tri-band AX12 12-Stream WI-Fi 6 Router (RAX200), which is helpful to increase the capacity of the smart home. and On 8th January 2019, Global networking company D-Link has presented their latest mydlink smart home devices and announced new features of the mydlink app at the Consumer Electronics Show in Las Vegas. The new and improved mydlink ecosystem includes new cameras and smart plugs that work with the Google Assistant and Alexa, making life easier for smart homeowners.
On 8th January 2019, D-Link and McAfee have collaborated to launch the latest D-Link Exo Series Consisting of Mesh-Enabled Smart Wi-Fi Routers and Extenders, Exo provides value-added, premium features that make its range of products superior to average household networking devices. and On 7th January 2019, the leading provider of networking devices has been named a CES® 2019 Innovation Awards Honoree for a range of new products across the company’s diverse line up of offerings. It includes the Neural Generation 3.0 Smart Canvas, NETGEAR’s latest addition to the Neural portfolio and the previously announced Orbi Whole Home Wi-Fi System with Built-in Cable Modem.
Market Drivers
- High Adoption of Connected Devices Including Smartphones, Smartwatches, and Tablets
- Growth in IP Traffic
Market Trend
- Increasing Demand for Connectivity in Home
- Fueling Demand Due To Transition towards Cloud for Data Storage
Restraints
- Increasing Threat of Security Breaches
- Issues Regarding Low Connectivity, Network Performance,
Opportunities
Growing Adoption of Smart Home and Smart City and Increasing Digitalization Associated With High Demand of Residential Router
Challenges
Rising Concern of Data Security, Privacy and Authentication
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Residential Router Study Sheds Light on
The Residential Router Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Residential Router industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Residential Router industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.