Published Date : Mar 06, 2017
Albany, New York, March 06, 2017: MarketReserachReports.biz has announced the addition of a report, titled “Global Commercial Router Market 2017–2021,” to its offerings. The report presents a detailed reports of the commercial router market at both global and regional levels. It examines the different parameters of the market, including its dynamics, competitive environment, end users, and regional outlook. As per the findings of the report, the market is estimated to register a CAGR of nearly 7% from 2017 to 2021.
The global commercial routers market is expected to tread along a notable growth track owing to growing adoption of local area network (LANs) and home area networks such as WLAN and Wi-Fi. Several business organizations, airports, and universities are implementing virtual private networks for their data security and providing indoor location-based service (LBS) on their premises. Moreover, the increasing popularity of bring-your-own-device (BYOD) policy and the rapidly rising IP traffic are augmenting the market.
On the flip side, advanced technologies such as software-defined networking (SDN) and network functions virtualization (NFV) are acting as a potential substitute for commercial routers, thereby hampering the growth of the market. Furthermore, the growing skepticism among consumers regarding wireless computer networks owing to their susceptibility to cyber-attacks is negatively impacting the growth of the market.
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On the basis of enterprise level, the global commercial router market is segmented into high-level, mid-level, and low-level. Mid-level will continue to represent the dominant share in the market until 2021. The soaring need for improved workforce productivity and optimization of processes is one of the primary factors driving the adoption of commercial routers in mid-level enterprises. Moreover, the increasing deployment of extensive bandwidth applications, including data warehousing, supply chain management (SCM), and enterprise resource planning (ERP) is boosting the requirement of networking infrastructures.
The key regions covered in the report are the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA). The Americas will be the leading revenue contributor until 2021. The fact that nearly 80% of the enterprises in the U.S. are using connected products and services with the support of data analytics and cloud platforms is providing a fertile ground for the growth of the commercial routers market. With the introduction of the Internet of Things (IoT), there is a sharp rise in the demand for reliable and efficient communication networks to process business operations across industries.
The global commercial router market is characterized by high competitive rivalry among well-established players. The majority of players are capitalizing the IoT technology to offer innovative and new solutions that can better adapt and scale to suit the requirements of customers. The leading players in the market are Cisco, Huawei Technologies, HPE, and Brocade Communication Systems. Some other prominent companies operating in the global commercial routers market are ASUSTeK Computer, Alcatel-Lucent Enterprise (Nokia), Avaya, Buffalo Technology, Belkin International (Linksys), D-Link, Juniper Networks, OneAccess Networks, NETGEAR, TP-Link Technologies, and ZTE.
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