Global Commercial Router Market – Anticipated to Grow to $7.4 Billion by 2027 at a Revised CAGR of 5.6% due to the COVID-19 Pandemic – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Commercial Router – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Commercial Router Market to Reach US$7.4 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Commercial Router estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$7.4 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.

Mid-Level Enterprises, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$4.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low-End Enterprises segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 25.6% share of the global Commercial Router market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 5.2% CAGR for the Period of 2020-2027

The Commercial Router market in the U.S. is estimated at US$1.5 Billion in the year 2020. The country currently accounts for a 29.5% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2027 trailing a CAGR of 5.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$1.3 Billion by the year 2027.

High-End Enterprises Segment Corners a 15.9% Share in 2020

In the global High-End Enterprises segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$644 Million in the year 2020 will reach a projected size of US$832.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$846.4 Million by the year 2027.

The publisher brings years of research experience to this 9th edition of the report. The 129-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • ADTRAN, Inc.
  • Aerohive Networks, Inc.
  • ALE International
  • ASUSTeK Computer, Inc.
  • Avaya, Inc.
  • Belkin International, Inc. – Linksys
  • Brocade Communications Systems, Inc.
  • Buffalo EU B.V.
  • Cisco Systems, Inc.
  • D-Link Corporation
  • DrayTek Corporation
  • Hewlett Packard Enterprise Development L.P. (HPE)
  • Huawei Technologies Co. Ltd.
  • Juniper Networks, Inc.
  • MikroTik
  • NETGEAR, Inc.
  • OneAccess Networks SA
  • TP-LINK Technologies Co. Ltd.
  • ZTE Corporation

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/wnwfcm

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