The global router market size was estimated at around US $14.80 billion in 2020 and will grow at a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2021 to 2027.

The router is a networked computer system used to control traffic between computer networks.

A router helps companies transfer data between local area networks (LANs) and wide-area networks (WANs) within a specific geographic area.

The router industry experienced a significant growth and is expected to grow at the same pace. Faster internet connectivity technology and rise in adoption in various industries are the key factors contributing to the growth of the industry. The increasing use of routers in education, healthcare, education, and the BFSI industry is expected to fuel the global router market growth across the globe. Moreover, the growing adoption of a bring-your-own-device policy among SMEs will contribute to the growth of the overall market.

High-speed internet connectivity benefits, including quick access to the operational data and trending online banking service, would drive the growth of the market. The router application provides various benefits to businesses to run efficiently. It allows sharing and cross-referencing of data. It also helps in tracking employees performance and delivery of the products and services effectively.

Advancement in services will fuel the growth of the global router market. Routers integrated with healthcare devices like remote patient monitoring machines and heart-rate monitoring equipment. These factors would propel the growth of the market across the globe.

Apart from that, digital technology is used by the education system to deliver advanced education services and enhance student performance, which ultimately prompts market growth.

Students throughout U.S. and Canada are using smart phones to improve their knowledge and communicate to parents when needed. The growing use of technology in students, health, and the education department will ultimately grow the market during the forecast period.

However, the high expenses of establishing wireless router solutions are likely to decelerate the growth. Furthermore, disadvantages like overheating and overloading are expected to obstruct the adoption of routers.

Regional Analysis

North America dominated the market by holding the maximum share in the global router market. The region is anticipated to contribute with the maximum share during the forecast period. Increasing adoption of cloud-based technology and digital technology in education, healthcare, and BFSI would propel the growth. Meanwhile, the Asia-Pacific region is anticipated to witness promising growth during the forecast period because of the surge in requirements to track network violations.

COVID-19 impact analysis

The router market has witnessed a positive impact during the COVID-19 pandemic, owing to the trending work from home culture and increasing demand for routers. COVID-19 pandemic is expected to enhance the demand for devices in various automation industries including, fuel, e-commerce, manufacturing, healthcare, and oil and gas.

Key Market Segments

By Type

Wired
Wireless
Single
Dual
Tri
By End User

BFSI
IT and Telecom
Education
Healthcare
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key Market Players

ASUSTeK Computer Inc.
Belkin International Inc.
Cisco systems Inc.
D-link Corporation
Eero LLC.
Huawei Technologies Co., Ltd.
Netgear
Synology Inc.
TP link Technologies Co. Ltd.
Xiaomi
Other prominent players