Market Size of MENA Wireless Routers Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2022 |
Market Size (2023) | USD 1.00 Billion |
Market Size (2028) | USD 1.08 Billion |
CAGR (2023 - 2028) | 1.56 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MENA Wireless Routers Market Analysis
The MENA Wireless Routers Market size is expected to grow from USD 1.00 billion in 2023 to USD 1.08 billion by 2028, at a CAGR of 1.56% during the forecast period (2023-2028).
The increased application of data and internet services in the region would drive the growth prospects for Wireless Routers in the Middle East and North Africa region until the forecast period.
- Wireless routers include wireless access points that provide access to the internet or a private computer network. Depending on the manufacturer and model, it functions in a wired local area network, wireless-only LAN, or mixed wired and wireless networks.
- The major factor for the growth of wireless technology over the years has been the regularly changing standards set for improving the features of the routers.
- Wireless router technology has evolved steadily over the past decade, keeping pace with advances in standards set by the Institute of Electrical and Electronics Engineers (IEEE). These standards are updated regularly to improve network throughput in terms of maximum speeds and transmission capabilities.
- These upgrades have given the companies in the market the means to strive for innovation and have successfully satisfied the customers' demand for higher bandwidth and faster internet. The key market drivers are increasing consumer demand for web-enabled devices and growth in IP traffic.
- Moreover, the increasing demand for faster internet connectivity among consumers has deteriorated due to the high rise in the number of effective devices being connected, and this is spurring the demand for wireless routers with appropriate connectivity.