Overview of the global home broadband Wi-Fi devices market
Wireless connectivity is gaining prominence as it is cost-effective and eco-friendly when compared to fiber or wired solutions. Wireless technologies offer options in terms of portability due to the continuous evolution of technology. Further, increased adoption of technology is resulting in falling cost of delivered data. Technavio’s market study identifies the growth in wireless telecommunication to be one of the primary growth factors for the home broadband Wi-Fi devices market. Further advances in telecom technology, such as LTE and LTE-A, will provide more quantity at lower costs, furthering the adoption ofbroadband devices. Our market analysts estimate that the market will grow steadily at a CAGR of more than 8% by 2021.
Cellular providers are offering a type of mobile phone service subscription that enables the SIM owners to pay in advance for data and add more data, as and when needed. This pay-as-you-go business model offers several advantages to the customers such as no contract requirement, no sign-up fee required, no monthly charges, and no credit check. The growing popularity of pay-as-you-go business model is further supporting the growth of the wireless broadband devices market. Business travelers are adopting this model due to their frequent flyer needs and requirements of constant internet access while travelling.
Competitive landscape and key vendors
The home broadband Wi-Fi devices market is moderately concentrated owing to the presence of few key players accounting for major market share. According to the home broadband Wi-Fi devices market analysis research report, regional players from APAC are competing intensely with the larger players. Due to the market dominance by Huawei Technologies and TP-Link Technologies due to their long-time existence, new entrants and smaller players are struggling to attain competitive advantage in the wireless broadband devices market.
The leading vendors in the market are
The other prominent vendors in the market are Belkin International, D-Link, and Novatel Wireless.
Segmentation by product and analysis of the home broadband Wi-Fi devices market
Fixed wireless broadband solutions ensure high-speed internet access and don’t enforce data limits, supporting the growth of the fixed solutions segment. Areas that lack access to wireless technologies prefer fixed wireless broadband as it allows broadband internet access via wireless service, which beams the connection straight to the destination. The home broadband Wi-Fi devices market size and share is expected to grow in the forthcoming years.
Geographical segmentation and analysis of the home broadband Wi-Fi devices market
APAC will be the major revenue contributor to the wireless broadband devices market due to growing sales of hardware devices, such as smartphones, tablets, and PCs, in the region. Also, the increasing internet penetration and growing economies of the countries is encouraging highly competitive markets players such as Airtel, Reliance Jio, China Mobile, and NTT DOCOMO to offer high-speed internet access and wireless broadband in APAC.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global home broadband Wi-Fi devices market?
What are the key market trends impacting the growth of the global home broadband Wi-Fi devices market?
What are the challenges to market growth?
Who are the key vendors in the global home broadband Wi-Fi devices market?
What are the market opportunities and threats faced by the vendors in the global home broadband Wi-Fi devices market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global home broadband Wi-Fi devices market?
Technavio also offers customization on reports based on specific client requirement.