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 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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