Smart Wi Fi Router Market - Global Industry Dynamics 2019-2020, Trends and Forecast 2021-2028

Wi-Fi router offers Internet connectivity or a network for laptops, smartphones, computers, and tablets. It helps users to share a local area network (LAN) with Internet access, files, or printers. Wi-Fi routers are widely being used for linking mobile home devices in wireless wired home systems. The emerging rate of Internet-enabled devices and the rising need for Internet access are among key factors expected to positively impact the development of the Internet of Things (IoT) sector. Smart routers are used in both residential homes and a number of commercial industries. Nevertheless, the type of products sold to each of these consumer groups varies with respect to their quality, price, and features. Smart routers are increasingly being used as an LoT adoption, which is growing across industries. These routers meet the networking, speed, and safety needs of both industrial and residential users. The adoption of the Internet of Things (IoT) is on the rise due to the increasing need for real-time control of systems, resources, and inventory levels. All of these factors contribute to the production of smart routers. Market participants have started manufacturing and launching smart routers that meet similar specifications of Wi-Fi 6. These routers are considerably safer and deliver higher speeds.

Driving & Restraining Factors:

  • The main factor driving the smart Wi-Fi router market is the features and functionally offered by manufacturers such as speed, smarter control or application controlled, and data protection by which the demand for smart Wi-Fi router is in the boom

  • Factors expected to affect the expansion of the worldwide Internet of Things sector are the growing development of cloud-enabled devices and the increasing need for network connectivity

  • In some developing countries, technological advancements in residence space is emerging. Hence, the smart Wi-Fi router is becoming a primary driver for the growth of the global smart Wi-Fi router market in these countries.

  • Internet industry’s volatile growth in demand for connectivity and the introduction of smart devices such as mobile phones, tablets, and mobile TV are driving the market

  • Demand for high-speed Internet and an expanded range of wireless networks are fueling the market growth

  • Data protection issues are a prominent factor limiting the market growth of smart Wi-Fi routers. Thus, companies operating in this sector are investing in technologies that are less vulnerable to various cyber threats.

Key Trends:

  • The key trend of the global smart Wi-Fi router market is the massive increase in demand for smart Wi-Fi routers from commercial enterprises and the residential sector

  • Technological developments, including digital transformation and an increase in demand for smart mobile phones and smart television, are the main reason customers are adopting smart Wi-Fi routers globally

Market Segmentation:

  • The global smart Wi-Fi router market can be segmented based on the product, type, application, distribution channel, and region

  • Based on product, the global smart Wi-Fi router market can be divided into below 300 Mbps, 300 – 1000 Mbps, 1000 Mbps & above, and others

  • Based on type, the global smart Wi-Fi router market can be segregated into one band wireless router, dual-band wireless router, tri-band wireless router, and four-band wireless router

  • In terms of application, the global smart Wi-Fi router market can be classified into residential, commercial, and others

  • Based on the distribution channel, the global smart Wi-Fi router market could be bifurcated into offline channels and online channels. The offline channel can be sub-segmented into independent electronic stores, hypermarkets, and supermarkets. The online distribution channel can be further divided into e-commerce websites and own brand specialty websites.

  • Based on region, the global smart Wi-Fi router market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)

Competition Landscape:

Key players operating in the global smart Wi-Fi router market are D-Link Corporation., Xiaomi, TP-Link Technologies Co., Ltd., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, Allied Telesis Holdings K.K., ADTRAN, Huawei Technologies Co., Ltd., ASUSTeK Computer Inc., NETGEAR, Extreme Networks, EDIMAX Technology Co., Ltd., Verizon, etc.

Segments:

  • By Product:

    • Below 300 Mbps

    • 300 – 1000 Mbps

    • 1000 Mbps and above

    • Others

  • By Type:

    • One band wireless router

    • Dual-band wireless router

    • Tri-band wireless router

    • Four band wireless router

  • By Application:

    • Residential

    • Commercial

  • By Distribution channel:

    • Online

    • Offline

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