Wireless Router Market Size, Emerging Trends, Forecasts, and Analysis 2022-2027

This report provides an in-depth view of the Wireless Router Market detailing the market size and then progresses to evaluation of each crucial attribute of the market in detail. The market report gives a detailed study on the present market position of the Wireless Router Market industry, expected future growth, technological advancements, investment opportunities of the market. This report does a comprehensive analysis of the market providing insights based on SWOT analysis of the industry. The report on Wireless Router Market gives access to significant data including, growth drivers of the market, factors restraining market growth, latest market trends and hostorical Analysis (2022 – 2027).

The Wireless Router market was valued at USD 9751.88 million in 2019 and is expected to reach USD 15,442.6 million by 2027, at a CAGR of 8.4% over the forecast period 2022 – 2027.

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Top Major Competitive Players: Corrigo Incorporated (Jones Lang LaSalle Incorporated), UHaul International Inc., SelfStorage Pro Inc., DOMICO Software, Storable Group (SiteLink, storEDGE, and SpareFoot), RADical Systems (UK) Ltd, Syrasoft LLC, QuikStor Security & Software, ESoftSys LLC, 6Storage

Key Market Trends

Residential Sector is Expected to Register Significant Adoption

– The demand for the internet among various households has been increasing with the growth in connected devices. According to Intel estimates, the number of connected devices is expected to grow to 50 billion by 2022. Intel also estimated that the present average of 10 connected devices per household in 2016 is expected to grow to 50 devices, by 2022.
– Dual professional households have also been found to use greater broadband speeds. According to a Telsyte report, a study on households in Australia, a peak of about 12 apps have been identified for dual professional households, single or dual-parent households with children make use of at least seven apps spurring the need for higher broadband speeds.

The key regions covered in the Wireless Router Market report are:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The United States in North America is Expected to Hold Major Share

– Globally, the United States is one of the most mature markets for fixed broadband internet connections. By 2017, it was estimated that nearly 95.84 million people had fixed broadband connections. Furthermore, it was determined that almost 85.63% of the population had access to networks capable of speeds of 100 Mbps, depicting the need for high-band routers (as of 2017).
– The presence of major technological giants, such as Cisco, D-Link, and TP-Link, coupled with the high adoption of technological trends in the country, aided the market for wireless routers. Moreover, the fixed broadband market is mature. It is nearing saturation, with more than three out of every four US households anticipated to have a fixed broadband connection by the forecast period.

KEY aspects covered in the report include:

– The market size and industry growth rate of the global and regional market across various segments

– The region or the sub-segment that is expected to drive the Wireless Router Market in the forecast period 2022-2027

– Key companies operating in the global Wireless Router Market and their market share

– The Factors that are estimated to drive the Wireless Router Market growth

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