Growing Penetration of Smart Devices to Boost the Demand for Wi-Fi Home Gateway Market

The Wi-Fi home gateway market worldwide is expected to grow with a CAGR of 14.6% during the forecast period from 2023 to 2030. Growing penetration of smart devices worldwide is one of the major growth factor of Wi-Fi home gateway market. Wi-Fi home gateway is a combination of router and modem and have wide application such as for entertainment, at home, at office and others. Growing internet penetration, rising disposable income and technological advancement in consumer electronics devices are some of the other major factors for the growth of Wi- Fi home gateway market. On account of these factors, we are expecting the Wi-Fi home gateway market to show healthy growth during the forecast period.

Home Office Using Segment to Continue Leading the Market

The Wi-Fi home gateway market by application is segmented into home office using and entertainment using segments. In 2020, home office using segment has the largest share accounted for more than 50% of the market revenue worldwide. Growing penetration of smart consumer electronics devices at homes and offices is one of the major growth factor of home office using segment. High adoption of internet at home and offices worldwide is the other growth factor of this segment. Hence, we expect that home office using segment will continue its dominance in Wi-Fi home gateway market throughout the forecast period 2021-2029.

Asia Pacific to be the Fastest Growing Region

Wi-Fi home gateway market is led by North America region with more than 35% of the market revenue share worldwide. North America is the largest revenue contributor due to early adoption of technical advancements and growing penetration of smart devices. Asia Pacific will be the fastest growing region in the Wi-Fi home gateway market. Growing penetration of internet, adoption of smart consumer electronic devices and rising disposable income in developing economies of Asia Pacific such as China and India are the major growth factors for the growth. Therefore, we are expecting the Asia Pacific region to be the fastest growing throughout the forecast period in the Wi-Fi home gateway market. 

Some of the prominent players operating in the Wi-Fi home gateway market TP-Link Technologies Co., Ltd., D-Link Corporation, Tenda Technology Inc., NETGEAR Inc., AsusTek Computer Inc., Huawei Technologies Co., Ltd., Qihoo 360 Technology Co. Ltd., Xiaomi Corporation, among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wi-Fi Home Gateway market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Wi-Fi Home Gateway market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Wi-Fi Home Gateway market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Wi-Fi Home Gateway market?
• Which is the largest regional market for Wi-Fi Home Gateway market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Wi-Fi Home Gateway market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Wi-Fi Home Gateway market worldwide?