Global industrial routers market was valued at US$ 861.7 million in 2017 and is projected to reach US$ 1,689.6 million by 2025, according to a new market research report Global Industrial Routers Market Report, by Product Type (Wired & Wireless), by End Users (Railways, Oil & Gas, Maritime & Offshore, Water & Wastewater Treatment, Road Infrastructure, Energy, Manufacturing & Processing Industry, and Others) and by Geography.
Integration of IoT technology in various sectors such as manufacturing, aids in analysis of real- time data and autonomous decision-making, in turn increasing overall productivity. Therefore, increasing adoption of IoT is one of the major factor driving growth of the industrial routers market. For instance, according to Coherent Market Insights, in 2016, around 2,418.7 million units of IoT devices were deployed across businesses and it is projected to reach to around 7,552.4 million units by 2020. Hence, increasing adoption of internet connected devices in various industries have accelerated demand for industrial routers worldwide.
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Key Trends and Analysis of Industrial Routers Market:
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The major players operating in the global Industrial routers market include Juniper Networks, Inc., Netgear Inc., ZTE Corporation, Cisco Systems, Inc., Inseego Corporation, Dell Technologies, Inc., Micromax Technology, Ericsson, Inc., TP-Link Technologies Co., Ltd, Alcatel-Lucent Enterprises, Huawei Technologies Co., Ltd., and Advantech Co., Ltd
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