The internet technologies integrations by the commercial sector for business purposes to create more revenue generation opportunities for players in the cellular router market which is forecasted to grow at a CAGR of 14.4%
According to a new market research study titled ‘Cellular Router Market to 2025 - Global Analysis and Forecasts by connection type, product type, and application, global market accounted to US$ 565.1 Mn in 2017 and is also estimated to reach US$ 1,639.4 Mn by 2025. The report highlights the trends prevalent in the global cellular router market and the factors driving the market along with those that act as deterrents to its growth.
The Electronic Communications Committee (ECC) in Europe had lately approved a set of recommendations to harmonize the 3.4-3.8 GHz and 26 GHz bands for 5G. ECC has committed to finally adopt the 5G spectrum regulation for the frequency bands 3400-3800 MHz. At present the Europe is lagging slightly from the US and the Far East, with the help of this initiative the region is projected to find a way for moving faster than the rest. This type of government initiative would substantially contribute to the demand of cellular routers market across the region. Industries across the globe are dramatically shifting towards the mobile ecosystem, where employees are allowed to function through their own devices. The trend is popularly known as BYOD, and is also known to effectively increase the work efficiency and productivity of organizations. The burgeoning trend of enterprise mobility across the industries in coming years is expected to generate magnanimous amount data traffic and also increase the end-user expectations with respect to seamless connectivity and speed. As the cellular router use advanced network technologies including 3G, 4G, 4G-LTE, LTE A and others, their adoption among the industries in next 2-3 year is expected to grow at an unprecedented rate.
The market for cellular routers globally has been segmented into three major segments including connection type, product type and application. The cellular routers are used at the places where availability of internet connection is not viable, and reliable, these routers cater to the companies that prefer to deploy networks, which are mobile, remote, or capable to remain isolated from other networks. Some of the major applications of cellular routers includes commercial, factory and public transportations such as trains or buses.
The majority of the router that are used today are built as a finished products having fixed capabilities apart from software and firmware updates. However, the consumers have been facing a difficulty with frequent upgrades, as with the willingness to upgrade or downgrade the router performance, the consumers are also sometimes required to purchase new router. For instance, if a cellular router at present in use is a 4G - LTE supportive but in next few months as 5G gets commercialized, the consumer might have to re-purchase the device that would be compatible with latest connectivity technology, and vice-versa.
Thus in order to mitigate this challenge, the companies in the coming year are projected to come up with the built-in capabilities that would avoid waste of money. A company called Accelerated has already introduced one such cellular routers, which is enabled with CORE Plug-In LTE modems that can be switched to another modems as per the end-user’s requirement. The trend for un- upgradable cellular router in coming years would gather exponential attention owing to its flexible and cost effective offerings.
The report segments the global Cellular router market as follows:
Global Cellular Router Market - By Connection Type
Global Cellular Router Market - By Product Type
Global Cellular Router Market - By Application
Global Cellular Router Market - By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)
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