Global home networking device market

Posted by geeta narwade on November 18th, 2019

Global home networking device market was valued US$ 15.45 Bn in 2017 and is expected to reach US$ 27.56 Bn by 2026, at a CAGR of 7.5% during a forecast period.

The global home networking device market based on solution, wired type, wireless type, component, and geography. Based on solution, the home networking device market is classified into wired and wireless. I8n terms of wired type, the home networking device market is categorized into network line and powerline. On the basis of wireless type, the home networking device market is segregated into Wi-Fi, ZigBee, and Z-wave. Based on component, the home networking device market is segmented into hub and switch, router, extender, adapter, and wireless access point (WAP). Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

A significant factor to fuel the growth of the home networking device market is the product up gradation trend. Hardware specifications development with the help of connected devices has gained faster speed.

Furthermore, the network connectivity bandwidths and enhancements like the current upgrade to the 802.11ac protocol have led to the promotion of changing device trend and that too at a faster pace. Though, the market may be hindered with factors like portable networking solution threats. These threats are currently low but may grow strongly within no time and act as a barrier in the overall improvement of the home networking device market in the future. Another serious challenge that the home networking device market may face is the emerging porter router solutions that are being offered these days. These factors may hamper the market growth in the upcoming years.

Global home networking device market

In terms of component, router was the largest segment of the home networking device market. Demand for hubs and switches are anticipated to decline in the upcoming years owing to low demand for wired home networking devices. However, the demand for routers and adapters is estimated to rise due to growth in demand for wireless home networking devices.

Based on wireless type, growing adoption of Wi-Fi-based home networking devices is projected to support the growth of routers, extenders, and adapters in the upcoming years. The application of power line based home networking devices is estimated to decline in the upcoming years owing to limited market exposure in the North American and European region.

In terms of region, the home networking device market in the Asia Pacific is foreseen to rise meteorically within a few years due to the growing usage of connected devices. In 2017, Asia Pacific was seen as the leading region for home networking devices. This is because of highly populated areas in the urbanized areas of emerging nations like China and India. Furthermore, due to the increase in disposable incomes, people of this region are rising their capability to purchase better quality devices.

Some of the key players in the global home networking device market are ASUSTeK Computer Inc., TP-Link Technologies Co., Belkin International, ZyXEL Communications Corp., and Huawei Technologies Co. Ltd.

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Scope of the Global Home Networking Device Market

Global Home Networking Device Market by Solution

• Wired
• Wireless

Global Home Networking Device Market by Wired Type

• Network Line
• Powerline

Global Home Networking Device Market by Wireless Type

• Wi-Fi
• ZigBee
• Z-Wave

Global Home Networking Device Market by Component

• Hub and Switch
• Router
• Extender
• Adapter
• Wireless Access Point (WAP)

Global Home Networking Device Market by Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Key Players operating in the Global Home Networking Device Market

• ASUSTeK Computer Inc.
• TP-Link Technologies Co.
• Belkin International
• ZyXEL Communications Corp.
• Huawei Technologies Co. Ltd.
• Mechoshade Systems
• Schneider Electric/Square D Company
• Watt Stopper
• Lutron Electronic Ltd.
• Vantage Controls, Inc.
• Siemens AG
• Crestron Electronics
• Ingersoll-Rand PLC
• D-Link Corporation
• Actiontec Electronics, Inc.
• Netgear, Inc.
• Devolo AG
• Legrand SA
• ASUSTeK Computer Inc.
• Buffalo, Inc.

 This Report Is Submitted By : Maximize Market Research Company

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