The Latin America, Middle East and Africa Routing Market would witness market growth of 11.4% CAGR during the forecast period (2021-2027).
The demand for consumer routers is directly proportional to a rise in demand for connected gadgets that require a reliable internet connection to function efficiently. In the last few years, the market has been driven by the growing demand for quick internet connectivity due to the rise in the number of online transactions with mobile banking apps, web surfing, and online learning. Moreover, Individuals desire to stay connected to trustworthy Wi-Fi connection providers, so routers have become a daily life requirement. With the continued expansion and progress in the area of IoT, there is a growing requirement for an increased internet connection to ensure that all tasks and operations may be carried out without interruption.
In the regional market, there has been increasing demand for internet access in rural areas, as well as increased government initiatives to improve network connectivity. In addition, as more schools, government offices, and businesses move toward digital transformation, the demand for high-speed internet is increasing in the regional market. The majority of homes are being changed into smart homes, which rely on the internet for a variety of purposes. In recent years, the regional market has witnessed the introduction of smart TVs and smart speakers such as Amazon Echo and Google Home. Moreover, a growing number of consumers who enjoy spending time on social media and video streaming platforms such as Amazon Prime, Netflix, and others are embracing broadband connections for a better and more seamless viewing experience.
The Brazil market dominated the LAMEA Routing Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $499.5 Million by 2027. The Argentina market is anticipated to grow at a CAGR of 12% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 11.1% during (2021 - 2027).
Based on Type, the market is segmented into Wireless and Wired. Based on Placement, the market is segmented into Edge, Core, and Virtual. Based on Application, the market is segmented into Enterprise and Datacenter. Based on Vertical, the market is segmented into BFSI, Healthcare, Education, Residential, Media & Entertainment, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Routing Market is Predict to reach $22.7 Billion by 2027, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arista Networks, Inc., New H3C Technologies Co., Ltd., Xiaomi Corporation, Cisco Systems, Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., Nokia Corporation, ASUSTeK Computer, Inc., Netgear, Inc., and Hewlett-Packard Enterprise Company.
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