North America Router Market By Type (Wireless and Wired), By End User (IT & Telecom, BFSI, Education, Healthcare, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America Router Market would witness market growth of 6.4% CAGR during the forecast period (2021-2027).
A network-connected computer system is known as a router. It is utilized to manage traffic among computer networks by sending data device that links two or more packet-switched networks. This process aims to transfer data between packets to their desired IP addresses and allow various devices to utilize the same internet connection. Additionally, a router is designed to assist companies in transferring data between local area networks (LANs) and wide-area networks (WAN) in a particular geographic location. Moreover, the router is an ideal way to utilize and prioritize a huge collection of security data by offering instant information to the companies.
The strong dependency of the regional population on the internet for various functions like accessing social media platforms, viewing video content on OTT & other platforms and doing other works that require seamless internet connection. Some of the prominent countries of the region include the US, Canada, and Mexico and they are expected to contribute heavily to the growth of the regional market.
After 9/11, government authorities in North America have been taking significant measures to enhance public safety by putting investments in broadband technologies. Many supportive initiatives are undertaken for wireless spectrums, underlying a broad range of opportunities existing in the regional market. Therefore, these factors are expected to create lucrative opportunities for the players operating in the regional router market during the forecast period.
Factors such as the existence of many key market players in the region and being a technologically sophisticated region with an increasing number of early adopters are expected to create lucrative growth opportunities for the regional market. Moreover, the increasing investment of governments in broadband services would boost the demand for the adoption of wireless hotspots and Wi-Fi solutions and services in the regional market, consequently creating a high demand for the router in the regional market. Therefore, these factors are likely to boost the growth of the regional market during the forecasting period.
The US market dominated the North America Router Healthcare Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $873.6 million by 2027. The Canada market is experiencing a CAGR of 9.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Router Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By End User
- IT & Telecom
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ASUSTeK Computer Inc.
- Belkin International Inc. (Foxconn)
- Cisco Systems Inc.
- D-link Corporation
- Eero LLC. (Amazon.com)
- Huawei Technologies Co., Ltd.
- Synology Inc.
- TP link Technologies CO. Ltd.
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