Router Market overview
Router Market Opportunity:
The Router Market is projected to grow at a significant pace reaching a CAGR of approximately 5.2%, over the forecast period of 2022–2028, despite a considerable fall in End-Use sales during the initial phase of pandemic spread and lockdown restrictions imposed globally. Router Market type, the segment is bifurcated into wired and Wireless. The wireless segment is expected to lead the type segment of the router market.
In a recent research report by Reports Insight Consulting Pvt. Ltd, the Router Market is expected to surpass USD 936.08 Billion by the year 2028, from USD 656.45 Billion in 2021.
The purpose of the router, which might be real or virtual, is to accept, examine, and forward data packets between computer networks. A router determines the optimal way to send packets by looking at the headers and forwarding tables, as well as the destination IP address of a specific data packet. The well-known manufacturers of routers include Cisco, 3Com, HP, Juniper, D-Link, Nortel, and others.
The healthcare sector is anticipated to develop at the highest level during the projected period. Due to the sector's growing need for high-speed internet connectivity to evaluate large amounts of electronic medical records. Further, the rise in the adoption of connected devices among the healthcare for devices such as heart-rate monitoring equipment and remote patient monitoring apparatus is estimated to be a key driver of the router market.
The Asia Pacific is estimated to gain significant market attention during the forecast period. The requirement to monitor network breaches and offenses among the public and government sectors is likely to increase during the projection period due to the majority of cyber-attacks. Further, advancement in infrastructure and the adoption of technologies by various industries is estimated to support the growth of the market.
The study is consolidated into major segments and further into sub-segments, such as by Type (Wired and Wireless) and End User (BFSI, IT and Telecom, Education, Healthcare, and Others), to forecast the size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest Router Market Trends, along with the major key players including ASUSTeK Computer Inc, Belkin International Inc., Cisco Systems Inc., D-link Corporation, Eero LLC., Huawei Technologies Co., Ltd., Netgear, Synology Inc., TP-link Technologies CO. LTD, Xiaomi.
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