London, 29 September 2015 – Technavio has published a new report on the global residential gateway market, which is expected to grow at a CAGR of nearly 8% from 2015-2019.
About the Report
The new report by Technavio states the growing demand for IPTV is projected to grow at a CAGR of over 20%, making it the fastest growing segment when compared to satellite and cable TV segment. Residential gateways distribute IPTV services to various households and multiple screens.
“There are approximately 160 IPTV service providers worldwide, most of which are based in Western Europe and the APAC. Thus, growing adoption of IPTV is expected to foster the demand for residential gateways worldwide,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the growing number of smart homes in developed nations such as the US and the UK. Residential gateways facilitate the communication in the home network communications, and can also be used for home automation, security, and energy management.
“Although, the concept of smart homes market is prevalent in developed markets, it is likely to flourish in developing countries in the forecast period,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global residential gateway market from 2015-2019. To calculate the market size, the report considers the unit shipment of residential gateways to Western Europe, North America, APAC, and ROW.
Key Information Covered in the Report:
Key Vendors:
- Cisco Systems
- Comtrend
- Huawei
- Pace
- ZTE
Market Growth Drivers:
- Growing demand for IPTV
- For a full detailed list, view our report.
Market Challenges:
- Lack of broadband infrastructure
- For a full detailed list, view our report.
Market Trends:
Growing number of smart homes
For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
