Global Routers Market Size, Industry Trends, Growth Prospects Till, 2022 : Acute Market Reports
The Global Routers market is estimated to be $23.49 billion in 2014 and is poised to grow at a CAGR of 15.18% to reach $72.77 billion by 2022. The key factors that are favoring the market growth are amplified requirement for mobile devices, transfer of data, photos & videos, and other new online services. Constant reserves in telecommunication industry by governments in these regions will further drive the market growth, whereas uncertainty in investments by organizations, unavailability of liquidity and shortage of credit facilities are the factors hindering the growth of global Routers market. Asia-Pacific represents the fastest growing regional market for routers over the forecast period. Service Providers are the best budding end-user segment for routers. Cisco commands a high share across all 3 major router categories such as enterprise, core and edge routers. Cisco maintains a particularly substantial market share in the enterprise router category representing more tha...