Residential Gateway Market 2023-28 Industry Trends, Share, Growth, Report and Forecast

Industry Overview of the Residential Gateway Market
A residential gateway, or home router, refers to a small consumer-grade instrument configured to connect a local area network (LAN) to a wide area network (WAN) via the modem. It usually operates as a mediator between various access providers and digital home networks. A residential gateway encompasses several ethernet ports, built-in routers, and wireless access points, which aids in connecting with various consumer electronic products, such as desktop, printers, laptop, and tablets. In addition to this, this device does not require complex network setups to operate, and it offers simplified access to several networks that ensure seamless interconnection between various external and internal networks. As a result, a residential gateway is widely utilized in households to access cable, internet, and telephone services delivered to the home.

How Big Is the Residential Gateway Market?
The global residential gateway market size reached US$ 5.47 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value ofUS$ 8.05 Billion by 2028 exhibiting aCAGR of 6.6%during 2023-2028.

Residential Gateway Market Trends and Drivers:
The escalating demand for high-speed and reliable internet connectivity and the extensive usage of several consumer electronic devices, such as television (TV), Wi-Fi, and smartphones in households, are primarily driving the residential gateway market. Besides this, the increasing need for internet protocol television (IPTV) and broadband connection and the growing popularity of streaming services, owing to their vast content library and minimal monthly subscription rates, are further augmenting the market growth. Moreover, the elevating requirement for the residential gateway in smart homes to operate various interconnected devices, including security cameras, connected thermostats, and door locks, to offer optimal convenience, comfort, and security to the users is also catalyzing the global market. Apart from this, the expanding media and entertainment sector, the emergence of over-the-top (OTT) platforms, the integration of the internet of things (IoT), and the introduction of 4K/8K ultra-high-definition (Ultra HD) video streaming services are acting as significant growth-inducing factors. Furthermore, the launch of new services by network operators and the fabrication of common international standards are expected to bolster the residential gateway market in the coming years.

GlobalResidential GatewayMarket 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Actiontec Electronics Inc., Advanced Digital Broadcast, AudioCodes Ltd., AVM, Cisco Systems, Comtrend Corporation, Huawei Technologies Co. Ltd., Humax Co. Ltd., Sagemcom, Vantiva SA, Zyxel Communications Corporation (Unizyx Holding Corporation), etc.

The report segmented the market based on region, type, component type, connection type and application.

Type Insights:

High-end Residential Gateways
General Residential Gateways

Component Type Insights:

Modem
Router
Network Switch
Others

Connection Type Insights:

Local Area Network (LAN)
Metropolitan Area Network (MAN)
Wide Area Network (WAN)

Application Insights:

Internet
STB
DVR
Others

Regional Insights:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

The key regions covered in the market report are Asia Pacific, Europe, North America, Latin America, Middle East and Africa.

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Key highlights of the report: