Market Research Report
Wi-Fi Booster Market with COVID-19 Impact Analysis, By Type, By Services, By Solution, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||980703|
|Published||Content info||240 Pages
Delivery time: 2-3 business days
|Wi-Fi Booster Market with COVID-19 Impact Analysis, By Type, By Services, By Solution, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: December 1, 2020||Content info: 240 Pages||
The global wi-fi booster market was valued at USD 1.98 billion by 2019, growing with 18.6% CAGR during the forecast period, 2021-2027.
A wi-fi booster is generally employed to extend the network coverage by amplifying the existing signals. It also builds a wireless network or even bridges the access points to extend the wi-fi network, resulting in the expansion of signal saturation and optimization of the network. These boosters are easy to install and are user-friendly. They are widely used in residential as well as commercial spaces. The wi-fi booster market growth is predominantly influenced by the elevating count of internet users globally.
The wi-fi booster market is expected to register a double-digit CAGR during the upcoming years, accounting for the mounting adoption of the internet among consumers along with the increasing dependency on electronic gadgets across the globe, especially in the residential sector. Expanding internet penetration, adoption and implementation of advanced wireless technology, and upsurge requirement for robust network infrastructures are other major factors responsible for fueling the wi-fi booster market growth during the next decade.
Also, the business growth is influenced by the excessive usage of smart devices, rising demand for strong and high-speed internet connection, and the procreation of smart cities and smart homes globally. Increasing telecom subscriber pools also uses these boosters to avoid traffic congestion to the wireless devices. However, the changing trend of Bring-Your-Own-Device (BYOD) and the technological innovations in the telecom industry to offer greater accessibility are further expected to aid the expansion of the wi-fi booster market size during the next decade.
For instance, the latest and upgraded wireless technology enables the easy connection of smartwatches, wi-fi enabled radio system, wireless headset with super-fast connections, and high speed of internet. Additionally, the wi-fi booster is a trending device that also connects both consumer electronics accounting to TV, digital cameras, and others as well as mobile computing devices like laptops, which in turn propel the business growth.
Moreover, the innovation and role of 5G wireless systems also favors revenue generation, owing to the high speed of the internet, minimized latency, intensified signaling efficiency, and others. Besides, the focus of key players on new product launches, research and development activities, collaborations, and mergers also speeds up the wi-fi booster market share. For instance, in July 2020, RangeXTD introduced an exclusive range of wi-fi range extender that overshadows its predecessors.
On the other hand, this industry also faces few threats that are likely to restrict business growth. Such factors may account for the interference from objects that restricts signal strengths along with the lack of network security issues. Besides, the high installation cost coupled with the privacy issues related to these signal extenders is likely to retard its demand, ultimately resulting in hampering the wi-fi booster market on a global scale.
Regionally, the business growth is dominated by developed countries like North America and Europe, owing to the elevating need for high-speed internet in these regions with the growing demand for consumer electronics.
On the flip side, the developing economies, like China, India, and Japan, are expected to have the fastest growth rate during the coming years. China is well recognized as the manufacturing hub of electronics products. Besides, the growing count of internet users in India also supports the Asia Pacific wi-fi booster market growth. According to the Internet and Mobile Association of India (IAMAI)'s Digital in India report 2019, India was estimated to have 504 Mn active Internet users, ages 5 years & above, till Nov' 19, which also results in boosting the industrial growth in this region.
Key features of the study:
This proposed research study on wi-fi booster market provides market size (US$ million), compound annual growth rate (CAGR %), and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the wi-fi booster market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the wi-fi booster market
Impact of COVID-19 on wi-fi booster market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on wi-fi booster market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the wi-fi booster market, we have also included a competitive landscape and key innovator analysis for the wi-fi booster market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate, and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the wi-fi booster market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new product launches, research & development, regional expansion of major participants involved in the wi-fi booster market on global as well as regional level.
The global wi-fi booster market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL WI-FI BOOSTER MARKET KEY PLAYERS
Juniper Networks, Inc.
Ruckus Wireless, Inc.
Motorola Solutions, Inc.
Cisco Systems, Inc.
D-Link Corporation Incorporated
TP-LINK Technologies Co., Ltd.
Aruba Networks (Hewlett Packard Enterprise Co.)
Huawei Technologies Co., Ltd.
EDIMAX Technology Co., Ltd.
GLOBAL WI-FI BOOSTER MARKET, BY TYPE
GLOBAL WI-FI BOOSTER MARKET, BY SERVICES
Support & Maintenance
GLOBAL WI-FI BOOSTER MARKET, BY SOLUTION
Aerospace & Marine Solution
GLOBAL WI-FI BOOSTER MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures