Global Home Broadband Wi-Fi Devices Market 2017-2021

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 of broadband 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