Enterprise Routers Market Size

Enterprise Routers Market Analysis

The Enterprise Routers Market was valued at USD 15.76 billion in the current year and is anticipated to reach USD 24.03 billion by the end of the forecast period, registering a CAGR of 7.49% during the forecast period. Enterprise routers are essential products for any enterprise or organisation that uses them on a regular basis. By connecting computers and the Internet, they contribute to enterprises in a major way. Routers are capable of performing many functions, including enterprise routing which allows businesses to have greater CPU capacity for the management of placement tasks. Furthermore, it will enable enterprises to increase their network interface bandwidth for both wireless and wired circuits as well as use NetflowsFlow, MPLS, Quality of Service or any additional security features. It is equipped with features to integrate deep packet inspection and Wide Area Network acceleration. Enterprise routers are helping maximise productivity in the office, requiring an engineer's skill and experience to install them. An Enterprise Router can assist in maximising efficiency at your office, while an engineer's skills and experience are required to install the enterprise router.

• Huawei's Global Industry Vision predicts that by 2025, 85% of enterprise applications would be moved to the cloud, resulting in significant traffic growth at the part of egress of enterprise WANs. This development will be an exciting opportunity for market growth in the study area.
• Further, according to Cisco, the Internet of Things (IoT) has become a prevalent system in which people, data, processes, and things connect to the Internet and each other. Globally, M2M connections are estimated to grow 2.4-fold, from where 6.1 billion in 2018 to 14.7 billion by 2023. There would be 1.8 M2M connections for each member of the global population by the end of 2023. The increasing number of M2M connections are likely to boost the penetration of enterprise routers.
• Enterprise networking systems improve productivity at the workplace, but they require an engineering professional's expertise and training to install them. Private links are capable of several Mbit per second but they tend to be congested in the network, so service quality cannot be guaranteed. Adefined software wide area networks, which make use of flexible and efficient network management with applications, are the best solution.
• Moreover, in order to meet enterprises' growing demand for enhanced performance and better user experiences, the service providers are rapidly updating their networks. However, these services providers are still being hampered by inspection methods that need to be reviewed because of the adoption of virtualisation and SDN capabilities. New challenges have arisen in the area of migration to cloud computing for enterprises and an increased reliance on software applications from service providers, This has driven service providers to adopt NFV, SDN, and cloud-native computing technologies.
• To cater to the complex requirements of consumers, several companies are striving to launch new products and solutions. For instance, in June 2023, IP-COM announced the launch of its new enterprise routers M80 & M50. The M80 is a Gigabit enterprise router developed for high-requirement users, including hotels, enterprises, and community bandwidth operations. The router is furnished with a dual-core special 1.4GHz dual-core network processor with 4GB of high-speed DDR3 RAM. It embraces IP-COM enterprise system firmware utilizing a built-in intelligent AP management system, which can automatically distribute and maintain automatic AP configuration. It helps WEB account password authentication, PPPoE Server access authentication mode, WEB key authentication, and a few other securities which can satisfy the access authentication requirements under different scenarios.
• Moreover, due to the increasing disposable income, increasing penetration of smartphones and internet, shift in consumer behavior and changing lifestyles, the retail sector is witnessing robust growth. For instance, According to IBEF, India's retail industry is projected to grow by 9% from 2019-2030, from approximately USD 779 billion in 2019 to about USD 1,407 billion by 2026 and more than USD 1.8 trillion by 2030. The growth in the retail industry would aid the penetration of enterprise routers.