Industrial Cellular Router Market - Trends Forecast Till 2028

Market Overview

The Industrial Cellular Router Market size is projected to reach a CAGR of 7.4% from 2022 to 2028.

Router is a network connected computer systems. It is used to manage traffic between computer networks by sending data device that connects two or more packet-switched networks to transfer data between packets to their anticipated IP addresses, and permitting multiple devices to use the same internet connection.  In addition, router is developed for helping organization to transfer data between local area networks (LANs) and wide area networks (WAN) in specific geographic area. Furthermore, router is the strongest way to use and prioritize a large collection of security data by providing immediate information to the organizations.

Increase in demand for faster internet connectivity technology among consumers and rise in adoption of connected device among the healthcare, education and BFSI industry are some of the factors that have supported long-term expansion for Industrial Cellular Router Market.

The router industry attained significant growth during the COVID-19 pandemic, owing to need for robust network connectivity among the individuals and rapid adoption of different types of routers in various verticals such as education, healthcare, BFSI, and IT and telecom across the globe.

Regional Analysis

The router market was dominated by North America, and is expected to retain its position during the forecast period. This is attributed to growing adoption of cloud-based technology across the region and rise in adoption of digital technology across several industries such as BFSI, education and healthcare.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• ASUSTeK Computer Inc.
• Belkin International Inc.
• Cisco systems Inc.
• D-link Corporation
• Eero LLC.
• Huawei Technologies Co., Ltd.
• Netgear
• Synology Inc.
• TP link Technologies CO. LTd
• Xiaomi

Recent Developments

• Sep-2021: Linksys, a subsidiary of Belkin, joined hands with Fortinet, an American multinational corporation. The collaboration aimed to introduce Linksys HomeWRK, a wireless router that packs enterprise-grade security into a consumer-friendly package. The new router is a two-node, mesh-enabled WiFi 6 router controlled through a mobile app. The product would substitute employee’s current home router and offers separate wireless networks for personal and business traffic.
• Sep-2021: Eero, a subsidiary of Amazon, teamed up with WeLink, a rapidly-growing, next-generation broadband provider. The collaboration aimed to fulfill the rising demand for high-speed internet through expanded broadband access and whole-home connectivity. Moreover, WeLink leverages patented, 5G mmWave technology and vertically-integrated services to extend wireless-fiber broadband to homes.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Industrial Cellular Router Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope