Wi-Fi router may also be referred as a computer networking device generally used to access the internet. Based on the model and manufacturer, a Wi-Fi router can also be wireless and can function in a wireless-only Local Area Network and in a wired Local Area Network. Personal computers, digital cameras, modern printers, video-game consoles, digital audio players, phones and tablets are some of the devices that uses Wi-Fi technology. Rising adoption of smartphones, smart TVs and tablets is the prime factor driving the growth of global Wi-Fi routers market.
Rise in smartphones and computers coupled with growing internet penetration, is expected to augment the rise of the global Wi-Fi routers market in the upcoming years. Increasing disposable income and rising VOIP facilities is also a major factor fueling the growth of this market. Evolution in IT infrastructure across the globe further promotes the growth of the market. Some Wi-Fi routers are even used to share and store data. Moreover, introduction of 4G/LTE service has further increased the demand of Wi-Fi routers in the recent years. Such factors lead to the reason for rise in installation of advanced Wi-Fi routers in private as well as commercial sectors. Furtherdown, upcoming advancements and changes made by the key vendors in wireless routers technology to provide better internet facility to the consumers, is also a major driver of this market. Moving forward, huge popularity of social networking sites among young population creates an ample growth opportunity to the Wi-Fi routers market in the next few years. Rise in smart education techniques coupled with the growth in number of hotels and restaurants across the globe, further increases the adoption of Wi-Fi routers, in-order to provide better wireless internet experience to their customers. Additionally, increasing demand for free public Wi-Fi and growing use of smartphones is further expected to propel the global Wi-Fi router market over the forecasted years.
Major applications of Wi-Fi routers market mentioned in the report include home/ office, healthcare centers, BFSI, education centers and others. Additionally, the Wi-Fi routers market is bifurcated by bands which includes single, dual and tri. Further down, the cloud server market in report is segmented by type that includes 54 Mbps, 108 Mbps, 150 Mbps, 300 Mbps, and 450 Mbps, 600 Mbps, 750 Mbps, 1000 Mbps and others. The global Wi-Fi routers market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Among the other regions, Asia-Pacific is witnessing a rapid growth in the Wi-Fi routers market followed by North-America. Developing countries in Asia-Pacific such as India and China have increased the usage of Wi-Fi routers owing to the rise in disposable income of individuals and support of the government. Moreover, in the recent years, the Indian Wi-Fi router market is witnessing an impressive growth, due to huge investments made by the government in various projects such as National Fiber Spectrum (NFS) and National Optical Fiber Network (NOFN), which in turn will make the market demanding in the Asia-Pacific region. Moving forward, countries like U.S. and Canada have offered their citizens municipality networks which help them stay connected during any kind of emergency. Such factors propel the growth of Wi-Fi routers in North-America region. Other regions including Europe, Middle East & Africa and Latin America is witnessing a steady growth in the Wi-Fi routers market, owing to the increasing use of smart devices and rise in construction of smart cities and highways, among others.
However, issues regarding cyber attacks, Wi-Fi coverage and wireless security concerns are expected to affect the Wi-Fi routers market growth over the projection period. Moreover, lack of trained labor required for maintaining and providing the grade of service, is a major factor which may also hamper the market growth in near future.
Some of the major players in the global Wi-Fi routers market include TP-Link, D-Link, Netgear, Huawei Technologies Co. Ltd., Belkin International Inc. among others.
Global Wi-Fi Routers Market: By Bands
Global Wi-Fi Routers Market: By Type
Global Wi-Fi Routers Market: By Applications
Global Wi-Fi Routers Market: By Geography
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