|[February 16, 2017]
Global Commercial Router Market Size to Reach USD 5.96 Billion by 2021: Technavio
commercial router market size is projected to reach USD
5.96 billion by 2021, at a CAGR of close to 7% during the forecast
period, according to Technavio's latest report.
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Technavio has published a new report on the global commercial router market from 2017-2021. (Graphic: Business Wire)
In this report, Technavio
covers the market outlook and growth prospects of the global
commercial router market for 2017-2021. Based on enterprise
level, the research report segments the market into mid-level, low-end,
and high-end divisions.
The mid-level segment of the commercial router market is
responsible for generating over 43% of the overall revenue. The
decline in hardware and installation costs, combined with the rapid
growth of the real-estate industry will drive the growth of the
Technavio's research study segments the global commercial router market
into the following regions:
Americas: largest commercial router market segment
"The Americas account for the largest regional segment of the
global commercial router market and is projected to be worth over USD 3
billion by 2021. The demand for high-speed broadband access network is
increasing rapidly, with the advent of several online applications and
social media, thereby driving the growth of the market segment,"
says Abhishek Sharma, one of the lead analysts at Technavio for M2M
and connected devices research.
Nearly 80% of the enterprises in the US are using connected products and
services with the support of cloud platforms and data analytics to
enhance their business efficiency. Additionally, the increased
investments into digitizing the education system have accelerated the
deployment of WLAN networks across schools and libraries in the
Americas. These factors are responsible for the dominance of the segment
in the market.
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Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
EMEA: strategic alliances to offer premium connectivity
solutions boosting growth
The mass deployment of advanced LTE (News - Alert) networks will help in managing the
increased requirements for connectivity in the EU. Also, M2M and Internet
of Things (IoT) solutions providers such as Telit
and Telefónica (News - Alert) are forming strategic alliances, to offer premium
connectivity solutions to small and medium-sized enterprises (SMEs),
which is boosting market growth. Also, the rapid adoption of mobile
media by enterprises for promoting products and services, and the rising
government and consumer focus on energy conservation in homes is leading
to the higher adoption of commercial wireless routers.
APAC: fastest growing commercial router market segment
"APAC is projected to be the fastest growing regional segment,
with a CAGR of over 11% over the forecast period. The increasing rate of
urbanization in India and China, is driving the swift adoption of public
WLANs, thereby driving market growth," says Abhishek.
For instance, India plans to connect cities with a population of over 1
million using Wi-Fi services under the Digital India program. Also, the
increasing number of government initiatives for the adoption of smart
lighting systems and the growing popularity of smart
homes will generate further revenue to the market.
The top vendors in the global commercial router market highlighted in
the report are:
Brocade (News - Alert) Communication Systems
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is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170216005966/en/
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