Global Home Networking Device Market, By Solution (Wired and Wireless), Component (Hub and Switch, Router, Extender, Adapter, Wireless Access Point), Product Type (Audio Equipment, Video Devices, Gaming Consoles), End-User (Large Enterprises, Small Enterprises, Medium Enterprises), Industry Vertical (Telecommunication, Smart Home, IT, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Home Networking Device Market
The home networking device market is expected to witness market growth at a rate of 5.95% in the forecast period of 2022 to 2029. Data Bridge Market Research report on home networking device market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from various industry verticals is escalating the growth of home networking device market.
Home networking devices refer to the group of devices that are connected to each other and to the internet such as game systems, mobile devices and multiple computers, among others. These devices offer easy access to files and folders of all devices connected to the network. These devices are utilized for setting up a local area network (LAN) in order to connect personal devices.
The surge in customer’s broadband penetration across the globe acts as one of the major factors driving the growth of home networking device market. The integration of automated mechanization in daily activity and use of technology for availing advanced features and characteristics by means of any electronic device or merchandise accelerate the market growth. The rise in need to conserve energy and save the environment, and increase in need for push-button controlled devices, and mobility further influence the market. Additionally, high investments, emergence of AI-enabled tools, proliferation of wireless technologies and rapid digitization positively affect the home networking device market. Furthermore, new product developments in the home automation segment extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, initial high costs and unethical technological breaches are expected to obstruct the market growth. Lack of consumer awareness, and lack of standard guidelines in networking systems are projected to challenge the home networking device market in the forecast period of 2021-2028.
This home networking device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on home networking device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Home Networking Device Market Scope and Market Size
The home networking device market is segmented on the basis of solution, component, product type, end-user and industry verticals. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of solution, the home networking device market is segmented into wired and wireless.
- On the basis of component, the home networking device market is segmented into hub and switch, router, extender, adapter, wireless access point.
- On the basis of product type, the home networking device market is segmented into audio equipment, video devices, gaming consoles.
- On the basis of end-user, the home networking device market is segmented into large enterprises, small enterprises, and medium enterprises.
- On the basis of industry application, the home networking device market is segmented into telecommunication, smart home, IT, and others.
Home Networking Device Market Country Level Analysis
The home networking device market is analyzed and market size, volume information is provided by country, solution, component, product type, end-user and industry verticals as referenced above.
The countries covered in the home networking device market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the home networking device market due to the presence of prominent manufacturers and maximum adoption of smart home systems within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the increasing consumer income in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Home Networking Device Market Share Analysis
The home networking device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home networking device market.
Some of the major players covered in the home networking device market report are HP, TP-Link Technologies, Legrand SA, ZyXEL Communications Corp., PLANET Technology, Buffalo, Inc., Huawei Technologies Co. Ltd., Google, Linux, Devolo, Amazon, Actiontec Electronics, Mechoshade Systems, AsusTek Computer Inc., Nokia, Tenda Technology, Crestron Electronics, Schneider Electric, Lutron Electronic Ltd., Vantage Controls, Inc., Watt Stopper, Siemens AG, and Ingersoll-Rand PLC among others.
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