APAC Home Wi-Fi Security Solutions Market Size and Trends

APAC Home Wi-Fi Security Solutions Market, By Component (Hardware, Software), By Home Network Architecture (Wi-Fi Router, Modem and Router as a Separate Device, Modem and Router as one Device, Wi-Fi Range Extender)-

Published In : Jun 2023

Code : CMI3138

Pages :110

Formats :

Excel and PDF

Industry : Information and Communication Technology

APAC Home Wi-Fi Security Solutions MarketSize and Trends

Asia Pacific Home Wi-Fi Security Solutions Market size was valued at US$ 14.05 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 9.0% from 2023 to 2030.

Wi-Fi networks have become one of the most commonly used solutions for the households to access the internet over the shared network of devices. These networks are referred to as home wi-fi solutions. Although these wi-fi systems make it easy for the users to connect their devices like laptops, smartphones and tablets to the home network, they are also prone to external security threats like hacking, malware attacks, etc. These threats could expose the sensitive and private data stored in the devices connected to the network to the hackers and also lead to unwanted devices connecting to the network and slowing down the speed of data transmission. The growth of digital services consumed in the households the market for home wi-fi systems is expected to grow and furthermore, the growing concern regarding the security of personal data, these factors would drive the growth of market for home wifi security solutions.

Asia Pacific Home Wi-Fi Security Solutions Market- Trends

As the population in the Asia Pacific region continues to grow the size of families would increase. This would in-turn increase the number of devices owned by a family which would lead to the growth in demand for wifi solutions. As the number of wifi solutions would increase in the region, the possibilities of malware attacks and hacking attempts leading to the increase in security threats would naturally increase. This would drive the market for home wi-fi security solutions even further. The need for having network security systems in place is growing gradually as the households are becoming more aware about the privacy threats and the importance of maintaining sensitive data.

Asia Pacific Home Wi-Fi Security Solutions Market- Market Size

Asia Pacific Home Wi-Fi Security Solutions Market was valued at US$ 14.05 Billion in 2022 and is expected to reach US$ 27.92 Billion by 2030, exhibiting a CAGR of 9.0% between 2023 and 2030.