Home Networking Devices Market Insights Video

According to Cognitive Market Research, the global home networking devices market size was USD 21451.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 8580.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6435.36 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4933.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 1072.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 429.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
• The telecommunication held the highest home networking devices market revenue share in 2024.