New analysis from global industry analysts reveals steady growth in routers, with market set to reach $ 22.3 billion globally by 2026
FACTS AT A GLANCE
Editing: 17; Posted: April 2021
Executive pool: 34417
Companies: 135 – Players covered include ADTRAN, Inc .; ARRIS Group Inc .; ASUSTeK Computer Inc .; Belkin International Inc .; Broadcom Inc .; Buffalo Americas Inc .; Cisco Systems Inc .; D-Link Systems Inc .; Extreme Networks Inc .; Hewlett Packard Enterprise Development LP; Huawei Technologies Co. Ltd. ; Juniper Networks Inc .; NETGEAR Inc .; Nokia networks; Siemens SA; Telefonaktiebolaget LM Ericsson; TP-LINK Technologies Co. Ltd .; Yamaha Corp. ; ZTE Company; ZyXEL Communications Corp. and others.
Blanket: All major geographies and key segments
Segments: End use (service providers, businesses, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Router Market to Reach $ 22.3 billion by 2026
In the midst of the COVID-19 crisis, the global router market is estimated at US $ 19.3 billion in 2020, is expected to reach a revised size of US $ 22.3 billion by 2026, with a CAGR of 2.3% over the analysis period. Service providers, one of the segments analyzed in the report, are expected to register a CAGR of 2.5% and reach US $ 16.2 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Enterprise segment is readjusted to a revised CAGR of 1.1% for the next 7 year period.
The US market is estimated at $ 5.3 billion in 2021, when China is expected to reach $ 4.3 billion by 2026
The router market in the United States is estimated at US $ 5.3 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 4.3 billion US dollars by 2026, with a CAGR of 4.5% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 0.5% and 1.7% respectively over the period of analysis. In Europe, Germany is expected to grow at around 1% CAGR. Following
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