The global home wi-fi security solutions market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the market include rising use of internet and the subscriber base for smart devices. According to the International Telecommunication Union (ITU) data, in 2021, more than 75% of the total population has an active broadband subscription globally, and more than 57% of the households have the internet connection at home. Additionally, the rising demand for security solutions due to rapid rise in cyber-crimes will propel the growth of the market. According to the report of the Federal Bureau of Investigation’s internet crime report 2020, 791,790 complaints of the suspected internet crime were reported with the rise of 300,000 complaints from 2019.
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Home Wi-Fi security solutions for the home are smart security devices that can safeguard connected devices against virtual invasions such as viruses, malware, and hackers. These security devices are connected to the wireless Internet network, and any client, regardless of their wireless or home broadband service provider, can use the services. Devices may be handled locally or remotely through a secure login on smartphones, tablets, or PCs. These Wi-Fi security solutions provide features such as internet usage schedules, app and site blocking, parental insights, an Internet stop button, per-device profiles, and a weekly usage report. These devices can also protect connected devices in the house against viruses, malware, hacker attacks, and phishing scams.
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Market Coverage
- Segment Covered-
o By Component Type
o By Home Network Architecture
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Cujo LLC, Koalasafe Inc., Eero Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Home Wi-Fi Security Solutions Market- Segmentation
By Component Type
- Hardware
- Software
By Home Network Architecture
- Wi-Fi Router
- Modem and Router As One Device
- Modem and Router As Separate Device
- Wi-Fi Range Extender
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