Collaborative Work and Innovative Ways of Meeting Bandwidth Requirements to Propel Global Home Networking Device Market

In the past few years, the home networking devices market has flourished due to the increasing demand for connected devices. The primary growth driver for the home networking devices market is the growing adoption of wireless home networking devices. The increasing popularity of Wi-Fi-based devices and the growing number of end users have given this market a huge impetus. This trend is especially prominent in Europe and North America. Currently, the majority of home networking device manufacturers are trying to work in partnerships with dealers and services providers to reach out to a bigger clientele spread across various geographical locations. Besides collaborative work, manufacturers are also aiming to introduce innovative products to meet the demand for improved internet bandwidth.

Linksys Introduces Router for Underwater Devices

Linksys, which is currently owned by Belkin, announced its plan to launch the first ever wireless router that will offer Wi-Fi connectivity up to 10,000 feet under water. Linksys H2O Wi-Fi Router will be installed on buoys in lakes or oceans and will use a satellite connection to provide Wi-Fi to devices that need this connectivity. Underwater cameras, weather sensors, scuba gear, and many other devices and research developments will benefit from this revolutionary router. Some of the other important players in the global home networking devices market are Legrand SA, ASUSTeK Computer Inc., TP-Link Technologies Co., Ltd., D-Link Corporation, Netgear, Inc., Devolo AG, Actiontec Electronics, Inc., ZyXEL Communications Corp., Buffalo, Inc., and Huawei Technologies Co. Ltd.

The global home networking devices market has been segmented on the basis of solution, component, and geography. The solutions available in this market are wired and wireless. Wired solutions are further fragmented into network line and powerline, while wireless solutions are divided into Wi-Fi, ZigBee, and Z-Wave. The components used in this market are hub and switch, router, extender, adapter, and wireless access point (WAP). Geographically, this market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America.

Asia Pacific to Emerge as Leader in Overall Home Networking Devices Market

According to a research report published by Transparency Market Research, the home networking devices market is anticipated to reach US$23.2 bn by 2023, rising at a CAGR of 7.0% from 2015 to 2023. As of 2014, Asia Pacific was the biggest consumer of home networking devices and held a share of about 28.9% in the global market. In the coming years, Asia Pacific will continue to lead the overall home networking devices market due to the high adoption rate of these devices, as the number of subscribers of fixed broadband continues to increase.

Furthermore, wireless home networking devices held a mammoth share of about 62.6% in the global market in 2014. However, analysts predict that Z-Wave, Wi-Fi, and ZigBee will make a significant contribution as the wireless home networking devices market offers several opportunities.


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