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Enterprise Router Market - Forecasts from 2024 to 2029

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    Report

  • 144 Pages
  • January 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5942203

The enterprise router market was valued at US$1.561 billion in 2022 and is expected to grow at a CAGR of 7.48% during the forecast period.

An enterprise router is a networking device that connects virtual private clouds (VPCs) and local networks to form a central hub network by forwarding data packets from one network to another. Suchrouters are used to handle greater complexity networks than home routers and include advanced functions such as parental controls, QoS, and port forwarding. Growing emphasis on stable performance and advanced security emerged as a significant driving force behind the substantial growth of the enterprise router market.

Market Drivers

Emphasis on to achieve stable performance bolsters the enterprise router market growth.

Enterprise router plays a vital role in providing stable performance. When compared to home routers, enterprise routers are generally faster and have more stable central processing unit (CPU) performance. They are capable of handling millions of internet transmissions per second and with the growing internet load new innovations are being witnessed. For instance, in August 2023, NETGEAR launched the Pro Router (PR60X) making it the latest router to provide and handle networking load. The Netgear PR60X Pro router was developed to provide small and medium-sized businesses with stable and high-performance networking. It has a bi-directional WAN-LAN capacity performance of up to 18Gbps and dual WAN failover interfaces.

The rise in high-speed and low latency drives enterprise router market growth.

Enterprise router provides high speed and low latency which is critical for businesses that demand quick response times and limited network latency. The growth of the enterprise router market is impacted by developing industry standards and regulations, that require enterprises to adopt more secure, high-speed efficient, and low-latency networking solutions. For instance, in march 2020, TP-LINK announced thereleaseofitsfastestWI-FI 6-poweredrouter Archer AX11000 which provides outstanding speed performance and has been referred to as the best router for speed. The AX11000's 802.11ax includes Tri-Band takesthe speed of Wi-Fi to acompletely new extent - 11000Mbps as well as making it a popular choice for businesses and organizations.

Booming technology advancements drive the enterprise router market expansion.

Technological advancements can be attributed to the growth of the enterprise router market due to the rapid pace of technological advancement, higher-end and more complex enterprise routers have been developed, offering improved performance, security, and scalability. For instance, in September 2023, Charter Communications and Qualcomm Technologies announced a collaboration to provide the next-gen advanced Wi-Fi router, which will bring Wi-Fi 7 and 10 Gbps connections to the spectrum internet users, supporting and improving the converged connectivity experience for residential and small and medium-sized companies.

Asia-Pacific is expected to dominate the market.

Asia Pacific is projected to account for a major share of the enterprise router market owing to the region’s robust growth in technology advancement and demand for stable and high-speed provider enterprise routers. Due to multiple developments in MSMEs, there is a growing demand for enterprise routers to provide stable performance and high-speed connectivity. For instance, in 2022, the Ministry of Micro, Small & Medium Enterprises announced the Micro and Small Enterprises Cluster Development Program (MSE-CDP) which aims to improve the productivity and competitiveness of Micro and Small Enterprises (MSEs) by providing financial assistance for the establishment of common facility centers (CFCs) in existing clusters and the establishment of new upgrading existing industrial areas, estates, and flatted factory complexes.

Market Challenges

The high initial investment will restrain the enterprise router market growth.

The growth of the enterprise router market may be restrained by the initial high cost associated with devices. Enterprise routers can be costly, particularly for small and medium-sized businesses with limited resources. Potential customers may be put off by the high upfront costs of these devices. Purchasing robust hardware and software solutions that can meet the demands of large-scale networks can be an expensive upfront investment for businesses.

Market Developments

  • November 2022-TP-Link, a global leader in consumer and business networking products, held a historic WiFi 7 product launch to unveil its TP-Link WiFi 7 Routers networking solution. It is the very first router to support WiFi 7, also known as IEEE 802.11be Extremely High Throughput (EHT). The router operates throughout all three bands (2.4 GHz, 5 GHz, and 6 GHz) to fully utilize the spectrum's capabilities and deliver incredible speeds to every device while being more efficient.

Company Products

  • HPE MSR4000 Router-The HPE MSR4000 Router Series, Hewlett Packard Enterprise's (HPE) next-generation router, is an aspect of the HPE FlexBranch solution, which is part of the larger HPE FlexNetwork architecture. These routers have a modular design that provides unparalleled application support for enormous branch offices, corporate headquarters, and universities.
  • Juniper ACX1000 Universal Metro Router-The ACX1000 Universal Metro Router is a 1U fanless router that is suitable for cabinet and tower deployments in enterprise and internet service provider environments. It has an initial configuration of eight T1/E1 interfaces, eight copper 10/100/1000 GbE ports, and four GbE combination fiber/copper ports that deliver up to 60 Gbps.
  • D-Link Business Routers-D-Linkprovides a range of Core and Edge Enterprise network routers that can meet the needs of various industries by integrating Routing, Switching, Security, and other features into a single, power-efficient form factor.
  • Linksys LAPAC1300C AC1300 Router-The Linksys LAPAC1300C AC1300 is an 802.11AC Wave 2 Dual-Band WiFi Access Point (2.4GHz + 5GHz) with 2x2 internal signals and a total internet access speed of 1300 Mbps. Every cloud access point comes with free cloud management, allowing access to an enterprise-class cloud-native management solution without recurring fees.

Segmentation

By Type

  • Wired
  • Wireless
  • Modular
  • Others

By Enterprise Size

  • Small
  • Medium
  • Large

By End-User

  • BFSI
  • IT & Telecommunication
  • Retail
  • Government
  • Others

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
4.6. Forward Proxy
5. ENTERPRISE ROUTER MARKET BY TYPE
5.1. Introduction
5.2. Wired
5.3. Wireless
5.4. Modular
5.5. Others
6. ENTERPRISE ROUTER MARKET BY ENTERPRISE SIZE
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large
7. ENTERPRISE ROUTER MARKET BY END-USER
7.1. Introduction
7.2. BFSI
7.3. IT & Telecommunication
7.4. Retail
7.5. Government
7.6. Others
8. ENTERPRISE ROUTER MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. UK
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. South Korea
8.6.4. India
8.6.5. Australia
8.6.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. Huawei Technologies Co. Ltd
10.2. Cisco
10.3. Hewlett Packard Enterprise Development LP
10.4. Juniper Networks Inc.
10.5. Avaya
10.6. D-Link Corporation
10.7. Linksys
10.8. Net Gear

Companies Mentioned

  • Huawei Technologies Co. Ltd
  • Cisco
  • Hewlett Packard Enterprise Development LP
  • Juniper Networks Inc.
  • Avaya
  • D-Link Corporation
  • Linksys
  • Net Gear

Methodology

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Table Information