Wireless Router Industry - Statistics and Analysis - Forecast Period 2023-2027
The wireless router market is predicted to grow at a projected CAGR of 8.49% during the forecast period 2022-2027 by Technavio data and research experts. This market research report also predicts the statistics about the market size growth that will grow by USD 6,767.28 million. There are several key factors that directly influence the wireless router market growth such as rising popularity and usage of the smart connected home systems, growing usage of WLAN, and rising demand for the distance learning.
The predicted growth momentum seems incremental thus gives a positive outlook for the market as well as its respective investors. Consequently, such market conditions will further reinforce the position of vendors in the market.
Our researchers conclude the statistical predictions about some key market drivers via thorough data and information analysis. One such market driver is the rising adoption rate of the smart connected home systems, and it turns into one of the reasons for the wireless router market growth. Although there are other factors such as lesser quality of communication network infrastructure in the developing nations may affect the market growth negatively.
Moreover, there are some key vendors operating in the market, listed below:
- Amped Wireless
- Extreme Networks Inc.
- ASUSTeK Computer Inc.
- EDIMAX Technology Co. Ltd.
- Buffalo Americas Inc.
- Cisco Systems Inc.
- D Link Corp
- Broadcom Inc.
- DrayTek Corp.
The precisely illustrated statistical data consists of some key market information and analysis to get a better understanding of specific business requirement. Technavio, also has the subscription platform having an instant lifetime access to the 17,000+ market reports and the world-class market intelligence at customized plans and rates.
