Router Market poised towards significant expansion over the coming years

A router is a device that analyses the contents of data packets transmitted within a network or to another network. Routers determine whether the source and destination are on the same network or whether data must be transferred from one network type to another.

According to IDC, “4G data growth and deployment of Voice of LTE (VoLTE) technology by Indian telecom operators helped the overall router market grow by 8% year-on-year to reach $99.9 million (by vendor revenue) in the first quarter of 2018. While service provider deployments has observed a healthy growth in Q1 2018 owing to their upgrading the network infrastructure, a marginal decline was witnessed in enterprise deployments. Government initiatives around digital India would continue to drive incremental revenues in the coming quarters.

Key Takeaways: The router market will witness a steady growth and will post a moderate CAGR of close to 7 per cent during the forecast period of 2017 to 2021. The high-end and mid-range routers have fuelled the growth in the enterprise sector. The recently introduced government schemes and projects are expected to contribute to robust router sales. Telecom 4G rollout and government projects comprising of various e-governance, surveillance and digital initiatives will further contribute to its sales in the coming quarters. 

Cool Vendors: Cisco, HPE, Huawei, Dell, Juniper, D-Link, Netgear, TP-Link, Digisol and MPort.