The Asia Pacific Router Market would witness market growth of 9.8% CAGR during the forecast period (2021-2027).
Routers can direct and guide network data with the help of packets that have several types of data like files, communications, and simple transmissions such as web interactions. The data packets contain various layers or sections, one of which carries crucial information like sender, data type, size, and mainly, the destination IP (Internet protocol) address. The router analyzes this layer, prioritizes the data, and opts for the best route to usage for every transmission.
A router is also considered as a switching device for networks, which can route network packets on the basis of their addresses to other networks or devices. Among other things, they are utilized for Internet access for coupling networks or for linking branch offices to a centralized office through VPN (Virtual Private Network). Based on the type, they establish communication with the help of several access protocols like ATM, Ethernet, or DSL. In the OSI layer model, the switching of data packets via the router is dependent on the address on the network layer (layer 3). Along with routers that utilize Internet protocol (IP), there are multi-protocol routers, which also manage other network protocols.
The region is home to many developing countries that are witnessing an increasing number of smartphone and internet users. Moreover, many regional countries are investing a heavy amount in creating advanced network infrastructures including the smart city. The vendors of broadband services would witness bright growth prospects due to the favorable initiatives undertaken by governments towards telecommunication and information technology.
Moreover, the growth of the regional market would be supported by many public-private partnerships that focused on increasing and providing router solutions to poorly unserved and rural areas. In addition, the Chinese Government had formulated a “Broadband China” national policy that has stimulated the network equipment manufacturing sector, including the broadband sectors. The policies launched by the Singapore government would increase their number of broadband initiatives, thereby creating new growth avenues for the regional router market. Therefore, these factors are likely to boost the growth & demand for broadband services in the APAC market.
The China market dominated the Asia Pacific Single Router Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $397.8 million by 2027. The Japan market is showcasing a CAGR of 8.7% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 10% during (2021 - 2027).
Based on Type, the market is segmented into Wireless and Wired. Wireless segment is further categorized into Dual, Single and Tri. Based on End User, the market is segmented into IT & Telecom, BFSI, Education, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Router Market is Projected to reach USD 25 Billion by 2027, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ASUSTeK Computer Inc., Belkin International Inc. (Foxconn), Cisco Systems Inc., D-link Corporation, Eero LLC. (Amazon.com), Huawei Technologies Co., Ltd., Netgear, Synology Inc., TP link Technologies Co. Ltd., and Xiaomi.
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