Rapid increase in the use of internet is projected to stimulate the growth of cellular router market
The global cellular router market is expected to reach USD 19.66 Billion by 2028, according to a new report by Reports and Data. Rise in the proliferation of smart devices and a rapid increase in the use of internet across the globe has is boosting the growth of the cellular routers. Cellular routers offer the advantage of cellular connectivity which enables end-users to have lag free high speed connectivity among devices connected with that from any place in the specified range.
A push towards digitalization is also a crucial factor driving the growth of the cellular router market. The “Digital India” campaign by the Indian government has been initiated to transform India into an empowered digital economy and bridge the gap between the privileged and under privileged sections of Indian society to join the mainstream in terms of digitalization.
Additionally, the use of cellular routers in educational institutions to impart better education and the restructuring of traditional organizations to digital organization would stimulate the market growth.
The signal strength of cellular routers starts fading after a certain specifies limit which can discourage end-users from opting for cellular routers. This factor may hinder the rise of the market.
Major factors providing impetus to revenue growth of the global ICT market are increasing penetration of cellular devices such as smartphones, tablets, and smart watches, increased affordability and accessibility of the Internet for people worldwide, and rapid digitalization across various industrial sectors including banking & finance, telecommunications, education, healthcare, automotive, buildings & construction, agriculture, power & energy, and oil & gas. Other key factors expected to contribute to the global market revenue growth are rapid adoption of emerging technologies such as AI, machine learning, big data analytics, Internet of Things (IoT), and cloud computing in a wide range of industries, emergence of the 5G technology, rising demand for advanced Wi-Fi systems, increasing need for faster Internet services, and growing concerns about user data safety and privacy.
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The mobile router market is experiencing significant growth due to several factors, including the push towards digitalization. In particular, the “Digital India” campaign launched by the Indian government has played a crucial role in driving the adoption of digital technologies in the country. The campaign aims to empower India’s economy through digital transformation and bridge the gap between privileged and underprivileged sections of society by promoting digitalization.
The Asia Pacific region, including countries like India and China, is expected to witness the highest compound annual growth rate (CAGR) of 7.4% in the forecast period. This growth can be attributed to multiple factors. Firstly, there has been an increase in disposable income in the region, enabling more people to afford smartphones and other digital devices. With the growing penetration of smartphones, there is a rising demand for mobile internet connectivity, driving the need for mobile routers.
Secondly, organizations in the Asia Pacific region are increasingly recognizing the benefits of digital infrastructure. They are adopting digital technologies and connectivity solutions to enhance their operational efficiency and improve productivity. Mobile routers play a crucial role in enabling seamless and reliable internet connectivity for remote workers, field teams, and on-the-go professionals. The implementation of mobile routers facilitates smooth access to cloud-based applications, real-time collaboration, and data sharing, leading to enhanced efficiency in various sectors.
In conclusion, the growth of the mobile router market is driven by the global push towards digitalization, with initiatives like the “Digital India” campaign in India playing a significant role. The Asia Pacific region, particularly India and China, is witnessing rapid growth due to increased disposable income, smartphone penetration, and the adoption of digital infrastructure by organizations. Mobile routers are essential for ensuring reliable and convenient internet connectivity, contributing to the region’s digital transformation and economic growth.
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Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Top Companies Operating in the Global Cellular Router Market:
Cisco Systems, Novatel Cellular Inc., Huawei Technologies Co. Ltd., TP-Link Technologies Co. Ltd., Netgear, Internet On The Go, Belkin International Inc., D-Link Corporation, XCom Global Inc. and Franklin Cellular.Further key findings from the report suggest
- Commercial cellular routers are expected to grow at the highest rate of CAGR 7.4% during the forecast period. The routers used in commercial purposes provide uninterrupted high speed connectivity and network security to all the connected devices over the network. This helps in improving the efficiency of the businesses.
- North America is forecasted to hold the largest market share with a CAGR 7.2% during the forecast period. Rapid adoption of technology, deep penetration of smart devices such as smartphones, smart wearable, etc. and proliferation IoT devices in this region is creating a surge in the demand for cellular routers. This rise in demand can be attributed to high speed and reliable connectivity provided by cellular routers.
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