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.
The market for Wi-Fi security solutions in the area will continue to rise as the number of internet users and smart devices grow. Furthermore, rising internet penetration, as well as the growth of cyber-crime networks and commercial-scale toolkits that build malicious viruses, are encouraging people to install home Wi-Fi security solutions.
Wi-Fi routers will dominate market sales in 2016 based on residential network design, accounting for 47.7% of total revenue. Due to its benefits, such as reduced space requirements and the need for fewer wires, modem, and router (combo) equipment will become more common. The market is predicted to continue to increase due to constant innovation in the functionality of Wi-Fi router services and the manufacturing of cost-effective devices. The hardware sector will continue to account for the largest percentage of revenue among components.
India will continue to lead the APAC home Wi-Fi security solutions market in 2016, accounting for about 74.5 percent of sales. The country’s market will increase because of affordable service availability and widespread cellular connection. Due to the rising usage of the cloud in IoT services and the burgeoning market for M2M communication in these countries, Malaysia and Indonesia will also see high growth rates.
Home Wi-Fi Security Solutions: The Competitive Landscape
Several businesses are making use of smart home technology and the Internet of Things (IoT) to bring new products and business models to the home security sector. Cujo LLC, Koalasafe Inc., Eero Inc., Keezel, Luma Home Inc., and Securifi are some of the leading companies in the Home Wi-Fi Security Solutions market.