The Global Market for Routers is Projected to Reach US$23.5 Billion by 2024

Steep Increase in Deployment of Telecom & Datacom Networks Amid Escalating Demand for Communication Services Drive Demand for Routers, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Routers market. The global market for Routers is projected to reach US$23.5 billion by 2024, driven by massive expansion in telecom & datacom network deployments, amid escalating demand for voice, video and data services in the enterprise and general consumer markets.

A router is a specialized computer-networking device designed to aid in transmission of data packets along multiple wireless/wired networks to destinations via routing. Commonly connected to two LANs or WANs or a LAN and ISP network, a router is located at places known as gateways, where two or more Packet-Switched network connections co-exist. Along with switches, deployment of routers remains imperative for modern communication networks as these devices help sending data packets precisely to the intended connected device, thus improving the efficacy and effectiveness of the network. Routers are widely utilized in service provider networks, enterprise IT networks, consumer/residential gateways, and Educational/Research Institution IT networks.

Mimicking the trend in the world networking equipment sector, market for routers is expected to post gains in the approaching years.  Soaring demand for faster connectivity networks equipped to deliver high-bandwidth, multimedia and video conferencing functions without any jitter is poised to underpin the sales growth for various networking technologies including routers. Industry-proven proficiency of next generation routers in enhancing the connectivity and performance of modern communication networks would aid market growth. Routers market would especially benefit from growing adoption of 100GB and ultra-100GB Ethernet networks, passive optical networks (PONs), virtual private networks (VPNs), Voice over Internet Protocol (VoIP) and 4G Voice over LTE (VoLTE) technologies. Ongoing expansion in the mobile telecom space would play pivotal role in future growth of the routers market. Although the routers market is projected to experience slowdown in service provider and enterprise segments in the US and Europe, robust momentum in Asia-Pacific is expected to ensure positive trajectory in the overall market.

As stated by the new market research report on Routers, Asia-Pacific represents the largest market worldwide. Trailing at a CAGR of 8.5% over the review period, Asia-Pacific also ranks as the fastest growing market.  Growing spending on advanced communication networks; increased emphasis on building sophisticated enterprise IT infrastructure; and rapidly growing data traffic volumes especially in China, India, South Korea, and South East Asia would be instrumental in future growth of rotuers market in Asia-Pacific.

Key players in the market include ADTRAN Inc., ARRIS Group Inc., ASUSTeK Computer Inc., Belkin International Inc., Broadcom Inc., Buffalo Americas Inc., Cisco Systems Inc., D-Link Systems Inc., Extreme Networks Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., Juniper Networks Inc., NETGEAR Inc., Nokia Networks, Siemens AG, Telefonaktiebolaget LM Ericsson, TP-LINK Technologies Co. Ltd., Yamaha Corp., ZTE Corporation, and ZyXEL Communications Corporation among others.

The research report titled “Routers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America, and Rest of World. The report also analyzes routers market by end-use sectors - Service Providers, Enterprises, and Other End-Use Sectors (Includes Residential/Consumer, Educational/Research Institutions (Educational Campus Network, etc.), among others)

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