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Global Router Market to Reach $33.96 Billion by 2030

04-25-2022 01:47 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Router Market

Router Market

According to the report published by Allied Market Research, the global router market generated $14.90 billion in 2020 and is estimated to reach $33.96 billion by 2030, witnessing a CAGR of 8.4% from 2021 to 2030. The report offers a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, regional scenario, and competitive landscape.

Download Report Sample (250 Pages PDF with Insights) at: https://www.alliedmarketresearch.com/request-sample/3226

An increase in demand for fast internet connectivity among consumers, surge in adoption of connected devices among the healthcare, education, and BFSI industries, and penetration of bring-your-own-device policy among the small and medium enterprises drive the growth of the global router market. However, the high implementation cost of wired router solutions and issues such as overheating and overloading hinder the market growth. On the other hand, supportive government initiatives such as smart city projects are expected to present new opportunities in the coming years.

Based on type, the wireless segment accounted for the largest share in 2020, contributing to nearly two-thirds of the total share, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is expected to register the highest CAGR of 9.1% from 2021 to 2030. The report also analyzes the wired segment.

Access full summary at https://www.alliedmarketresearch.com/routers-market

Based on end-user, the IT & telecom segment held the highest share in 2020, accounting for more than two-fifths of the global router market, and is estimated to maintain its dominant share during the forecast period. However, the healthcare segment is projected to witness the largest CAGR of 13.6% from 2021 to 2030.

Based on region, North America accounted for the highest share in 2020, holding more than one-third of the total share, and is estimated to maintain its lead position by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 10.9% during the forecast period.

List of companies profiled of the global router market analyzed in the research include ASUSTeK Computer Inc., Cisco Systems Inc., Belkin International Inc., Eero LLC., D-link Corporation, Netgear, Huawei Technologies Co., Ltd., TP link Technologies CO. LTd., Synology Inc., and Xiaomi.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

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