APAC home Wi-Fi security solutions market revenue is expected to expand at a year-over-year rate of 9.3% in 2016 over 2015 and surpass US$ 8,824.9 in revenues. India, the largest market for home Wi-Fi security solutions in APAC, will continue to witness strong growth rates in 2016.
A growing subscriber base for internet usage and smart devices will continue to fuel the growth of Wi-Fi security solutions market in the region. In addition, increasing internet penetration, and the development of cyber-crime networks and commercial-scale toolkits that create malignant malware are influencing individuals to install home Wi-Fi security solutions.
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On the basis of home network architecture, Wi-Fi routers will dominate market revenues, accounting for a 47.7% share in 2016. Modem and router (combo) devices will grow in popularity owing to their advantages, such as lower space requirement and necessity of fewer cables. Constant innovation in functionality of Wi-Fi router services and production of cost-effective devices is expected to further drive the growth of the market. By components, the hardware segment will continue to account for the highest share in terms of revenue.
India will maintain its position as the leading APAC home Wi-Fi security solutions market, accounting for over 74.5% revenue share in 2016. Affordable service availability and pervasive wireless connectivity will support the growth of the market in the country. Malaysia and Indonesia will also exhibit healthy growth rates owing to an increasing adoption of cloud in IoT services and growing market for M2M communication in these countries.
Home Wi-Fi Security Solutions: The Competitive Landscape
A number of startups are leveraging smart home technologies and the Internet of Things (IoT) to introduce innovative products and new business models for the home security market. Some of the key players in the Home Wi-Fi Security Solutions market include Cujo LLC, Koalasafe Inc., Eero Inc., Keezel, and Luma Home Inc. and Securifi.
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Main sectors covered
By component type
By home network architecture
- wifi router
- Modem and router as one device
- Modem and router as separate devices
- Wi-Fi Range Extender
Applicable to major regions/countries
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.