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TMCNet:  New Analysis from Global Industry Analysts Reveals Steady Growth for Routers, with the Market to Reach $22.3 Billion Worldwide by 2026

[September 21, 2021]

New Analysis from Global Industry Analysts Reveals Steady Growth for Routers, with the Market to Reach $22.3 Billion Worldwide by 2026

SAN FRANCISCO, Sept. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Routers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 17; Released: 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 AG; Telefonaktiebolaget LM Ericsson; TP-LINK Technologies Co. Ltd.; Yamaha Corp.; ZTE Corporation; ZyXEL Communications Corp. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Service Providers, Enterprises, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; 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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ABSTRACT-

Global Routers Market to Reach $22.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Routers estimated at US$19.3 Billion in the year 2020, is projected to reach a revised size of US$22.3 Billion by 2026, growing at a CAGR of 2.3% over the analysis period. Service Providers, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$16.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Enterprises segment is readjusted to a revised 1.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.3 Billion in 2021, While China is Forecast to Reach $4.3 Billion by 2026
The Routers market in the U.S. is estimated at US$5.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2026 trailing a CAGR of 4.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.


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