The market has been estimated to grow at a CAGR of 8.4% over the forecast period from 2018 to 2023. Integration of the internet and wireless services in the industry has created a greater scope of growth for the market.
The adoption of smart devices such as smartphones, tablets, and smart TV is the major driving factor for the growth of worldwide wireless router market. Moreover, the demand for faster internet, increase in the range of the wireless network, and the number of connected devices is fuelling the growth of the market. Challenges such as lack of skilled labor required, for providing and maintaining the quality of service, and the ease of access, have potential threat of hacking and need an effective cyber-security system in place.
The market for the wireless router markets are segmented by standards (802.11b, 802.11g, 802.11n, 802.11AC); by bands (single, dual, tri); and by region.
Key Market Players
A detailed study of Porter’s five forces analysis, with major factors quantified using internal key parameters governing each of them are covered in this report. It also provides market landscape of these players including key growth strategies, geographical footprint, and competition analysis. The report also mentions the current market scenario with details of mergers and acquisitions, and opportunities in the market.
The report considers key trends that will impact the industry and profiles of over 10 leading suppliers of wireless router market. Some of the top companies mentioned in the report are:
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