Global Commercial Router Market 2017-2021

Overview of the commercial router market

According to the market research analysts at Technavio, the commercial router market will witness steady growth and will post a moderate CAGR of close to 7% during the forecast period. With the increasing deployment of local area network (LANs) and home area networks such as Wi-Fi and WLAN, the market for commercial router is anticipated to have a positive outlook in the coming years. The augmented adoption of LAN network is primarily because of the availability of high-speed mobile broadband networks and decreasing deployment costs. Moreover, most business organizations and university campuses are adopting virtual private networks for their data security and providing a seamless connection to their employees and students. The adoption of virtual private networks by business organizations and universities enables them to provide indoor location-based service (LBS) on their premises. Furthermore, most airport authorities in developed countries like the US and Singapore use indoor LBS to track and monitor assets used in the airport, which will directly impact the commercial router market over the next four years.

One of the recent trends gaining traction in the market is the increasing use of commercial routers in the retail industry. Since retail is a highly competitive industry, it becomes imperative to provide the best customer experience in the most cost-effective manner. With the introduction of several wirelessly connected solutions such as point of sale (POS) systems, vending machines, radio frequency identification (RFID) systems, and kiosks, the overall shopping experience of customers has improved and has also helped in reducing costs, automating manual processes, and expanding product portfolios into new markets. For instance, POS systems allow enterprise staff to provide a better customer experience by enabling flexible payment process and enhancing queue management. Moreover, most retailers these days are installing security cameras in their retail stores due to the decline in prices of M2M communication devices, which will boost this market’s growth until the end of 2021.

Competitive landscape and key vendors