Global Wireless Router Market Report 2021-2027 Featuring Cisco Systems, Netgear, MI, Huawei, Xiaomi
DUBLIN, July 8, 2021 /PRNewswire/ -- The "Wireless Router Market, Global Forecast Impact of Coronavirus Industry Size, Growth Trends, Application, Region, Company Initiatives, Sales Analysis" report has been added to ResearchAndMarkets.com's offering.
Global Wireless Router Market is estimated to reach US$ 18.02 Billion by 2027 from US$ 10.43 Billion in 2020, growing at CAGR of 8.12% during 2021-2027
COVID-19 has acted as a significant market driver for the wireless router market for the past two years by increasing the demand for wireless routers tremendously. Wi-Fi router is a perfect example of high-speed data, which has enabled computers to communicate with each other without traditional cables.
The expanding demand for faster internet connectivity among consumers has an increasing number for ecommerce transactions, web browsing, Mobile learning, and online-related activities. As a result, the wireless router has become a necessity for human life, which is widely used in laptops, computers, and tablets. Wi-Fi routers are majorly attributed to the increasing need among people to remain connected to reliable Internet and improve Wi-Fi connections across many countries.
There has been a rapid rise in active internet users worldwide (4.66 Billion) - as 59.5 percent of the global population. There are 4.32 billion unique mobile users worldwide, i.e. two-thirds of all the people on Earth now have a mobile phone. Social media adoption continues to accelerate; the technology landscape keeps changing, providing more ways for people to access the Internet.
Government across the globe has been significantly investing in developing network infrastructures that include the smart city. The supportive finance policies created by governments are likely to enhance markets for telecommunication equipment, information technology solutions and further paving the growth opportunity for wireless routers markets.
Globally, the Asia Pacific region has witnessed several efforts and capital to enhance its wireless router services. The Chinese Government's use of the "broadband China" national policy had incited the network equipment manufacturing industry, including wireless routers.
The policies introduced by the Singapore government are expected to raise their broadband initiatives just as the ultra-high-speed broadband network Next-Generation High-Speed Broadband Network (NGHBN) telecommunication equipment markets. Which provide the development and deployment of innovative interactive digital services to several use-case scenarios, including home use.
Thus, the expansion in the Government's initiative towards facilitating the adoption of wireless communications is to provide various profitable opportunities for the wireless router market.
Impact of COVID-19 on Wireless Router Industry
For more information about this report visit https://www.researchandmarkets.com/r/1gpnsy
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