Global Wi-Fi Range Extender Market - Segmented by Type (Indoor WI-FI, Outdoor WI-FI), Product (Access Points, Antennas, Wireless LAN), Services (Implementation, Strategy and Analysis, Planning, Designing and Assessment), End-user Vertical (BFSI, Healthcare, Retail), and Region - Growth, Trends, and Forecasts (2018 - 2023)
Global Wi-Fi range extender market is analyzed to register a CAGR of 16.4%, during the forecast period (2018 - 2023). WI-FI range extender expands the coverage area of the WI-FI network. It gathers the existing signal from a WI-FI router, enhances it, and then re-broadcasts it to create another network. Rapid Urbanization, increasing telecom subscriber base and increasing smart-city concept are a few factors driving the growth of WI-FI range extender market while high costs of implementation is inhibiting its growth rate.
Proliferation in Smart City and Smart Homes
Smart Cities and Smart Homes are on their way to transform modern life. Smart home is referred to define a residence that has smart products/devices, such as security systems, entertainment systems, air conditioners, televisions, and many more. Smart products/devices are required to be connected to internet to work and thus, requires WI-FI range extenders. The overall demand of smart products is poised to increase owing to technological innovations, consumer interest, and greater accessibility.
North America To Account For The Largest Market Share
North America is pioneer in this market and is expected to hold the largest share. Most of the WI-FI range extender companies are headquartered in the US. Moreover, most of the companies pilot their products and services in the country before global launch and deployment. With the number of devices per household Fast adoption of new technology and growing focus towards digitalization is augmenting the growth of WI-FI range extender market.
Key Developments In The Market
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook