Home Networking Device Market – High Demand for Home Connectivity Likely to Boost Need for Home Networking Devices
The three leading players in the global market for home networking devices in 2014 were TP-Link Technologies Co., Ltd., ASUSTeK Computer, Inc., and D-Link Corporation. Their lead in this market is attributed to their greater focus on constant product innovation and a wide global distribution network. According to a recently published report by Transparency Market Research, product development and innovation are essential for home networking devices providers to stay ahead of the curve in a technology industry that evolves by the day. Armed with a CAGR of 7.0% within a forecast period from 2015 to 2023, the global market for home networking devices is expected to reach US$14.35 bn by the end of 2016 and US$23.23 bn by the end of 2023. By 2023, Asia Pacific is expected to generate a revenue of US$7.20 bn for its home networking devices providers. This region’s leading share in the global home networking devices market is attributed to its high population density coupled wi...