Published on : Mar 15, 2016
With the ceaseless demand for smartphones, tablets and the increasing utilization of hi-tech electronics such as smart lighting, televisions, and security systems the demand for home networking devices is on the rise. With technology advancing at an unprecedented pace, consumers change electronic devices frequently without alternations in the data flow. In present times, modern homes are equipped with Wi-Fi technology, wherein multiple devices receive internet from a single connection, home networking devices facilitate these devices to be in sync with each other and the primary source of information.
Asia Pacific is one of the largest markets for home networking devices. In this region, the rising population and the increasing demand for smart electronics are reasons for the same. In particular, China and countries of South Asia are contributing immensely to the growth of the Asia Pacific market for home networking devices.
The GCC countries of the Middle East and Africa region are significant contributors to the development of the home networking devices market. In the regions of Asia Pacific, Latin America, and MEA wired devices display a higher demand over wireless devices that are newer in technology and configuration.
North America is a significant market for home networking devices. This is mainly due to the introduction of innovative devices in the region now and then. North America exhibits a high demand for wireless devices over their predecessor wired devices. Europe also exhibits a high demand for wireless home networking devices and in the coming years it is expected that powerline based devices will gain traction. Due to this the demand for routers, adapters, and extenders will be on the rise in these regions, however, hubs and switches will exhibit a diminished demand due to the reduced use of wired devices.
Wireless solution has been prominent for home networking devices over the past few years. These include Wi-Fi-, Z-Wave, and ZigBee technologies that connects personal devices with the primary internet connection and keeps devices in sync with each other. Components for home networking devices such as routers, extenders, and adapters will display a surging demand due to their compatibility with wireless networking solutions.