According to the new research report published by The Insight Partners, titled “Cellular Router Market - Global Analysis and Forecast to 2025”, The global cellular router market is expected to grow at a CAGR of 14.4% during the forecast period 2018 – 2025, to account to US$1,639.4 Bn by 2025.
In 2017, North America accounted for the largest revenue share in the cellular router market. Geographically, the market is currently dominated by North American countries especially by US, however the market is expected to be in favor of APAC and Europe, which is anticipated to witness remarkable M2M infrastructure and connected infrastructure over the coming years. Besides this, Middle-East region shows significant growth rate in near future due to growing industrialization, rising connected devices, and government support in smart city and smart infrastructure deployment.
Technology is projected to be the key driver of this industry transformation. The success of the industry participants highly depends upon the relentless focus on application of various technologies for enhancement of the value added services to consumers. The following disruptive technologies have played a critical role in the transformation of retail and uninterrupted internet connection is demand of today. The sheer diversity of retail use cases, represents a challenge as well as an opportunity for the stakeholders. The retail sector is one where the key stakeholder where entire value chain has their own specific requirements and obligations, and these are likely to consider the ways in which cellular router deployment can help support the industry.
Key findings of the study:
The volatile growth of the internet industry coupled with demand for mobility is fueling a rapid rise in the demand for cellular routers. The existing enterprise business model cannot afford to be on the traditional network, it needs a network that allows the enterprise to take advantage of digital transformation with the flexibility required to support the dynamic enterprise. While the network of the past was monolithic and inflexible, the network of the future must be dynamic, programmable and able to meet workloads wherever they may be.
Government all over the globe has been significantly investing in the development of network infrastructures that includes the smart city. The supportive finance policies designed by governments are likely to result in enhancing markets for information technology solutions and telecommunication equipment markets, further paving the growth opportunity for cellular routers markets. The Asia Pacific region has been putting several efforts and capital for enhancement of its broadband services. In addition, the Chinese Government’s use of “broadband china” national strategy had stimulated network equipment manufacturing industry including cellular routers. The policies introduced by the government are anticipated to boost their broadband initiatives just as the ultra-high-speed broadband network NGNBN (Next Generation High-Speed Broadband Network) based in Singapore, which aims to shoot up the deployment and development of innovative interactive digital services to a number of use-case scenarios, including home use.
Some of the companies considered while deriving the global and regional wireless router market are Belden Inc. (Hirschmann), Advantech Co., Ltd., Digi International Inc., Peplink, SATEL, Sierra Wireless, Moxa, Cradlepoint, Inc., Siemens and CALAMP among others.
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