Routers are specific type of computer system connected to the network, usually used to manage the traffic between computer-networks via sending data-device that generally connects two or more packet-switched networks to transfer the data between packets to their predictable IP addresses, and permitting multiple devices to employ the same internet connection. Additionally, router is developed to help the organization for transferring the data between wide area networks (WAN) and local area networks (LANs) in specific geographic area. Furthermore, router is a most robust way to use and prioritize a huge collection of security data by providing instant information to the organizations. High-speed Internet connectivity technology brings multiple benefits to users, including instantly collecting operational data from remote computers and optimizing online banking service, which is driving market growth worldwide.
As per analysis, Global Router Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Some of the key companies operating in the global router market include D-Link Corporation, Edimax Technology Co., Ltd., Shenzhen Tenda Technology Co. Ltd., Belkin International, Inc., Xiaomi, TP-Link Technologies Co. Ltd., Netgear Inc, Cisco Systems, Inc., 3Com, Motorola, Linksys, Huawei Technologies Co. Ltd., ASUSTeK Computer Inc. and among others.
Based on types, router market can be segregated as core router, edge router and regular router. In addition, based on application type, market can be segregated as consumer router and business router.
Growth in penetration of bring-your-own-device (BYOD) policy among the SMEs, followed by rise in demand for faster internet-connectivity technology among consumers and growth in adoption of connected device among the education, healthcare & BFSI industry are some major factors, which are responsible for growth of the router market. Apart from this, overheating & overloading of router technology and high implementation cost of wired router solutions may impact the market. Moreover, increase in government initiatives for smart city projects is a leading opportunity for market.
The router market has grown fast and is likely to grow due to the outbreak of the COVID-19 pandemic. This is attributed to rising need for routers in companies to improve the internet needs of their employees. Moreover, the increasing provision of home workplaces by various organizations to protect against the COVID19 pandemic has created the need for high speed internet connectivity technology between people that drives the growth of the market.
Based on regional analysis, the North-America is a leading region in global router market owing to growth in adoption of digital technology across numerous industries like education, BFSI and healthcare in the region. The Asia-Pacific and Europe regions are anticipated to witness higher growth rate due to increase in need to monitor the network violations & offences among government & public sectors over the forecast period. It is projected that future of the global router market will be optimistic on account of growth in adoption of cloud-based technology during the forecast period.
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