India Router Market to Grow With a CAGR of 9.91% During The Forecast Period
Emerging technologies
such as IOT and cloud computing are driving the growth in the India router
market in the forecast period, 2023–2028.
According to TechSci Research
report, “India Router Market- By Region, Forecast
& Opportunities, 2028” The India router market was
valued at around USD364.82 million in 2022 and is projected to grow at a CAGR
of over 9.91% during the forecast period 2023–2028, owing to factors such as
the emerging technology heavily relying on data consumption, which led to an
increase in the demand for routers in the market.
The increasing adoption of
connected devices in various sectors has increased the demand for routers.
These routers protect unwanted data and accessibility of large files to several
machines over the network and improve the network performance. Many market players
are introducing a wide range of routers to meet the growing demand in India and
worldwide, ensuring that data is reached the specified destination.
Furthermore, the increasing demand for routers forces router manufacturers to
introduce products at significantly lower prices to stay competitive, resulting
in market growth.
Browse over 20market data Figures spread through 70 Pages and an in-depth TOC on "Indian router market"
The Indian
router market is segmented based on band type, product type, end user industry,
antenna type and region. In terms of band type, the market is further
fragmented into single band, dual band, and triple band. Based on End user, the market is divided
into BFSI, healthcare, media & entertainment, educational institutes, defence
and others (public institution, remote community). Among these, Healthcare is
the fastest-growing segment and will continue to be so in the forecast period.
A rise in the number of internet users, ease of access, and availability on a
24/7 basis are some of the main factors driving the growth of sales.
Key market players in the Indian
router market include:
o
Cisco Systems Inc
o
D Link Limited
o
TP Link Technologies
o
Binatone Telecommunications
o
Hewlett-Packard Company
o
HP Development
Company
o
Huawei Technologies
Co. Ltd.
o
Netgear
o
Shenzhen Tenda
Technology Co. Ltd.
o
ASUSTek Computer
Inc.
o
Best (IT) world
limited
The company is expanding its
portfolio through various mergers and acquisitions with different companies. Cisco develops,
manufactures, and sells networking hardware, software, telecommunications
equipment and other high-technology services and products.
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“The India is well known for
offering a wide range of routers across the globe. Some of the most popular router
brands in Indian households include CISCO, TP link, and D-link, which are
widely known for their router categories. The rising popularity of the Indian
router market is expected to gain large momentum in the forecasted year with
the rising demand at the global level.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based Global management consulting
firm.
“India Router Market by Band Type (Dual Band,
Single Band, Triple Band), By Product Type (Wired, Wireless), by End Industry
(Educational Institutes, BFSI, Defense, Media & Entertainment, Healthcare, Others
(Public Institution, Remote Community)), By Antenna Type (Internal, External),
By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future
growth potential of India router market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the India router market.
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