The Europe Router Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
A router comprises various interfaces and receives data packets via these interfaces. It analyzes the network addresses of the arriving packets and determines the suitable interface for every packet. It utilizes its local routing table for decision-making. This can be stationary configured or calculated through dynamic routing protocols like BGP or OSPF.
The router market is expected to unlock growth prospects due to the growing demand for high-speed internet connectivity technology among consumers and the increasing adoption rate of connected devices among the BFSI, healthcare, and education industries. Additionally, the market growth is further driven by the rise in penetration of the bring-your-own-device model among SMEs. Moreover, one of the key drivers for market growth is the growing number of supportive government initiatives for a smart city project. Conversely, some of the barriers to the growth of the router market are the massive installation cost of wireless router solutions and overheating of router technology.
A highly increasing customer base because of the rising significance of SMEs, along with the decline in TCO would boost the demand for the router in the region. Presently, there has been increasing adoption of smart devices and the internet in the region, reflecting the requirement for trustworthy and safe internet connectivity. In addition, the mobile workforce and BYOD trend are constantly increasing in the region due to the improvements in broadband and mobile infrastructures. These aspects would contribute to the increased deployment rate of broadband services, thereby boosting the demand for the router in the regional market.
Moreover, the region is home to some of the most developed countries, hence acting as a catalyst for the growth & demand for routers in the market. The majority of the regional population has high disposable income which allows them to install broadband services for varied purposes. Hence, these factors are likely to accelerate the growth and demand for the router market.
The Germany market dominated the Europe Wired Router Market by Country 2020, thereby, achieving a market value of $624.6 million by 2027. The UK market is exhibiting a CAGR of 6.9% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 8.5% during (2021 - 2027).
Based on Type, the market is segmented into Wireless and Wired. Wireless segment is further categorized into Dual, Single and Tri. Based on End User, the market is segmented into IT & Telecom, BFSI, Education, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Router Market Size will Hit $25 Billion by 2027, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ASUSTeK Computer Inc., Belkin International Inc. (Foxconn), Cisco Systems Inc., D-link Corporation, Eero LLC. (Amazon.com), Huawei Technologies Co., Ltd., Netgear, Synology Inc., TP link Technologies Co. Ltd., and Xiaomi.
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By End User
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