COVID-19 Impact and Recovery Analysis - Wireless Router Market 2020-2024 | Increasing Adoption of Smart Connected Home Systems to Boost Growth | Technavio
Technavio has been monitoring the wireless router market and it is poised to grow by USD 4,588.54 million during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Wireless Router Market 2020-2024 (Graphic: Business Wire)
The global wireless router market is expected to have a positive impact due to the spread of COVID-19. The extension of containment efforts is increasing demand and reducing production. Hence, the prices are expected to remain elevated for the short term, thereby resulting in an improved topline growth of market vendors.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Wireless Router Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ASUSTeK Computer Inc., Belkin International Inc., Broadcom Inc., Cisco Systems Inc., D-Link (News - Alert) Corp., Edimax Technology Co. Ltd., Huawei Investment & Holding Co. Ltd., NETGEAR Inc., TP-Link Technologies Co. Ltd., and Xiaomi Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing adoption of smart connected home systems has been instrumental in driving the growth of the market. However, inferior communication network infrastructure in developing regions, the growth of complementary communication technologies, and the limitation of wireless computer networks in being more susceptible to cyber-attacks might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. Tis customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/wireless-router-market-industry-analysis
Wireless Router Market 2020-2024: Segmentation
Wireless Router Market is segmented as below:
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Wireless Router Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wireless router market report covers the following areas:
This study identifies the increased adoption of WLAN as one of the prime reasons driving the wireless router market growth during the next few years.
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Wireless Router Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
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