The global wireless routers market is anticipated to grow at a significant CAGR during forecast the period. Wireless routers are known for having wireless access points that link to the internet or a private computer network. Depending on the brand and kind, wireless routers can work in a wired local area network, a wireless-only LAN, or a hybrid wired and wireless network.
The main driver of wireless technology development is the constantly changing specifications for router improvement. Wireless router technology has steadily advanced, keeping pace with the Institute of Electrical and Electronics Engineers (IEEE) standards. To enhance the network throughput in terms of maximum speeds and transmission capacity, these requirements are revised regularly. These upgrades have provided market players with the ability to innovate and successfully meet customers’ demands for higher bandwidth and faster internet.
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The primary market drivers include growing consumer demand for web-enabled devices and increased IP traffic. Furthermore, the increasing demand for faster internet connectivity among customers has deteriorated as the number of effective devices linked has increased dramatically. It’s driving up demand for wireless routers that can handle the load.
The Internet of Things (IoT) and changing consumer preferences toward the purchase of various products and wearables that can run and conduct several activities with internet connection are also projected to accelerate the global wireless router market forward. The wireless traffic jam will worsen as the number of smart devices in the home grows. This circumstance has raised the demand for household Wifi networks, which includes anything from garage door openers to bathroom scales.
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The priorities of businesses differ from those of most consumers. Security, remote access, business-grade VPN, WAN redundancy, connectivity alternatives, and scalability are all more important than pure raw speed, value for money, or service quality. Furthermore, corporations are offering new items and strategizing to expand to capitalise on the market’s expanding demand. For instance, in 2019, Tenda Technology, debuted its 4G680 wireless 4G LTE and VoLTE router in India. This router features a wireless data bandwidth of up to 300Mbps, a 4G LTE module, and IEEE 802.11b/g/n compliance.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Technology
o By End-User
- Competitive Landscape: Alcatel-Lucent Submarine Networks SAS, Ciena Corporation, Fujitsu Limited, Huawei Marine Networks Co., Limited and 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 Wireless Router Market by Segments
By Technology
- 11b
- 11g
- 11n
- 11ac
- 11ax
By End-User
- Residential
- Commercial
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
