The global wireless router market is expected to grow exponentially during the forecast period. Wireless router connects with a modem and laptops, computers, tablets and other devices that provides access to the internet. Wireless routers offer high mobility to access internet through computers, tablets and laptops. The tremendous growth of internet industry along with rising demand for mobility is fueling a demand for wireless routers globally. Whereas, the global wireless router market face challenges such as maintaining service quality, lack of skilled labor, and potential threat of cyber security issues among others.
Companies such as ADTRAN, Cisco, 3Com, D-Link, Tasman, Vanguard, Telesyn, Enterasys, etc. are quick to work upon available market opportunities. The market research report compiled by Report Ocean consists of extensive market research by adopting various market research tools that include using secondary research as a major one.
Growth in internet speed
Rapid growth in internet traffic is driven by expansion of wi-fi infrastructure, rising demand for video services, high number of internet users and other. As per the Asia-Pacific Journal of Business Review, the bandwidth demand is expected to grow exponentially from 2013 to 2020. By 2020, for the average user, the sufficient subscription speed is forecasted as ~165 Mbps (downstream) and 20 Mbps (upstream). According to a report by CISCO, in 2015, Latin America witnessed 45% of population as internet users which is expected to increase to 59% by 2020, along with increase in average internet speed from 7.6 Mbps in 2015 to 17.8 Mbps by 2020. Whereas, considering India, in 2015, the country witnessed 25% of population as internet users which is expected to increase to 43% by 2020, along with increase in average internet speed from 5.1 Mbps in 2015 to 12.9 Mbps by 2020. Hence, the expected increase in internet speed and current internet speed demands equipment and infrastructure that are efficient to work with and reduce chances of interruptions that promote the demand of wireless equipment and support the growth of the global wireless router market.
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The United States is expected to hold major share
The United States was analyzed as the mature market owing to high number of fixed broadband internet connections. In 2017, ~95 million people had fixed broadband connections. Additionally, it was estimated that ~86% of population had access to network with the speed of 100 Mbps, that demands the high-band routers. Furthermore, analyzing the fixed broadband market, more than three out of four households are expected to have a broadband connection during the forecast period. However, increase in number of smart homes is also supporting the demand of wireless routers. In the U.S., the smart home market revenue is estimated to be US$27, 649m by 2020.
The geographical segments of the global wireless router market include North America, Europe, Asia-Pacific, Latin America, Middle East. North America will dominate the market owing to rising trend of automation and high adoption of technologically advanced products. Whereas, Asia-Pacific will witness a rapid growth during the forecast period, the fast growth is due to the growth in the construction sector that will pave the growth of the rising adoption of wireless routers.
Some of the key topics covered in the report include:
1. Research Framework
2. Research Methodology
3. Executive Summary
4. Industry Insights
5. Global Wireless Router Market Overview
6. Global Wireless Router Market, By Standard
7. Global Wireless Router Market, By Band
8. Global Wireless Router Market, By Application
9. Global Wireless Router Market, By Region
10. Company Profile
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