Global Router Market Report 2023: Rising Demand For Cloud Services Bolsters Growth
DUBLIN, May 31, 2023 /PRNewswire/ -- The "Global Router Market: Analysis By Component, By Placement, By End User, By Performance, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.
The global router market was valued at US$15.98 billion in 2022. The market value is forecasted to grow to US$26.07 billion by 2028.
Growing adoption of high speed wireless broadband services, surge in volume of multimedia content generated through internet & web applications, increasing investment in cloud infrastructure, growing number of IoT devices, and rapidly expanding industrial automation sectors including retail, healthcare, manufacturing, IT and Telecom, etc., have been positively contributing towards increased demand for routers.
Other significant factor is ongoing technological advancements and innovations in the market by router manufacturing companies to remain competitive in the market and strengthen their current portfolios, while attracting new customers. The market is anticipated to grow at a CAGR of approx. 8% during the forecasted period of 2023-2028.
Market Segmentation Analysis:
Global router market is fairly consolidated with few dominant players holding a significant market share. Huawei is the market leader in the core, but Cisco performs better in the edge.
The key players of the market are:
Key Topics Covered:
1. Executive Summary
For more information about this report visit https://www.researchandmarkets.com/r/vn58va
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