Scope of the Study
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.
The market study is being classified, by Application (Home Office and Entertainment) and major geographies with country level break-up. According to AMA, the Global Residential Router market is expected to see growth rate of 7.2%
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are FAST (United States) and Buffalo (United States).
The global residential router market is fragmented, it seems to highly competitive market except for dominate players. However to gain market share in upcoming year manufacturers have shifted their preferences towards upgradation of quality and price. The Asia Pacific is projected to register the highest growth rate during the anticipated period and has a high population density with increasing disposable income of the middle-class people. The purchasing power of the consumers living in emerging economies has greater than before over the previous few years.The Players having a strong hold in the market are Netgear Inc. (United States) D-Link Corporation (Taiwan) TP-Link Technologies Co. Ltd (China). Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Residential Router market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Residential Router market by Type, Application and Region.
On the basis of geography, the market of Residential Router has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Port Type, the sub-segment i.e. Gigabit will boost the Residential Router market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type of Wi-Fi Band, the sub-segment i.e. Single Band will boost the Residential Router market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Private Firm will boost the Residential Router market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity Type, the sub-segment i.e. Wired will boost the Residential Router market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Adoption of Connected Devices Including Smartphones, Smartwatches, and Tablets
- Growth in IP Traffic
- Increasing Demand for Connectivity in Home
- Fueling Demand Due To Transition towards Cloud for Data Storage
- Increasing Threat of Security Breaches
- Issues Regarding Low Connectivity, Network Performance,
- Growing Adoption of Smart Home and Smart City
- Increasing Digitalization Associated With High Demand of Residential Router
- Rising Concern of Data Security, Privacy and Authentication
Market Leaders and their expansionary development strategies
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.
Key Target AudienceGovernment and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions, Environment Support Agencies, Investment Banks and Private Equity Firms and Others
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