Market Size of Asia Pacific Enterprise Routers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR (2024 - 2029) | 10.22 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Enterprise Routers Market Analysis
The Asia-Pacific Enterprise Routers Market is expected to register a CAGR of greater than 10.22% during the forecast period.
- Enterprise routers are becoming increasingly important in delivering safe and dependable remote access to business networks as more employees work online or in distant locations. Routers with VPN abilities and support for reliable remote access protocols enable remote employees to connect seamlessly, allowing them to access company resources and communicate efficiently. According to CNNIC, the number of remote workers in China increased to 540 million in December 2022.
- According to GSMA, by the end of March 2022, 33 mobile carriers had begun offering commercial 5G services throughout 14 markets in the Asia-Pacific, comprising 14 operators across seven nations that also provide 5G fixed wireless access (FWA) solutions. In early adopter regions, including South Korea, where 5G currently makes up around two out of every five mobile network connections, 5G has become widely adopted. The economic recovery following the pandemic, increased 5G smartphone sales, network coverage extensions, and general marketing initiatives have all helped to increase momentum.
- Another significant factor influencing enterprise router sales is digital transformation. New network needs are growing as digital transformation projects gain traction, a development that the COVID-19 pandemic hastened. This puts pressure on IT executives to improve their systems and routers to enhance performance and support various security levels that are becoming more crucial.
- The demand for bandwidth in the Asia-Pacific is increasing significantly due to the rising adoption of bandwidth-intensive applications, cloud services, and IoT devices. Enterprise routers must keep up with this escalating demand to ensure seamless connectivity and optimal network performance. However, older-generation routers may struggle to cope with the bandwidth requirements, resulting in reduced efficiency and slower data transmission. This compels enterprises to upgrade their routers more frequently, adding to the cost and challenging the market's growth.
Asia-Pacific Enterprise Routers Industry Segmentation
An enterprise router connects on-premises and virtual private clouds (VPCs) networks to form a single hub network. It offers high bandwidth, high specifications, and delivers high performance. An enterprise router has several more features than a household router since it is built to handle more advanced networks than a residential router.
The Asia-Pacific enterprise routers market is segmented by type of connectivity (wired, and wireless), by type of port (fixed port, and modular), by type (core routers, multi-services edge, and access router), by end-user vertical (BFSI, IT & Telecom, healthcare, retail, and manufacturing), by country (China, India, Vietnam, Thailand, Indonesia, Taiwan, and Rest of Asia Pacific). The report offers market forecasts and size in value (USD) for all the above segments.
By Type of Connectivity | |
Wired | |
Wireless |
By Type of Port | |
Fixed Port | |
Modular |
By Type | |
Core Routers | |
Multi-services Edge | |
Access Router |
By End-user Vertical | |
BFSI | |
IT & Telecom | |
Healthcare | |
Retail | |
Manifacturing | |
Other End-user Verticals |
By Country | |
China | |
India | |
Vietnam | |
Thailand | |
Indonesia | |
Taiwan |
Asia Pacific Enterprise Routers Market Size Summary
The Asia-Pacific enterprise routers market is poised for significant growth, driven by the increasing demand for secure and reliable remote access to business networks. As more employees work remotely, the need for routers with VPN capabilities and support for remote access protocols has become crucial. The rapid adoption of 5G technology across the region, particularly in countries like South Korea, has further fueled this demand. The economic recovery post-pandemic, coupled with the rise in 5G smartphone sales and expanded network coverage, has created a conducive environment for the growth of enterprise routers. Digital transformation initiatives, accelerated by the pandemic, are also pushing IT executives to upgrade their systems to meet new network demands, enhancing performance and security.
The market is experiencing a surge in demand due to the increasing adoption of cloud computing, data centers, and IoT devices, which require robust and scalable networking solutions. The expansion of telecom infrastructure, particularly in China, is creating a substantial demand for networking equipment, including enterprise routers. Government initiatives and public-private partnerships aimed at enhancing connectivity in underserved areas are expected to further boost the market. The competitive landscape is intense, with major players like Cisco, Huawei, and Juniper Networks dominating the market. These companies compete on performance, features, and cost, while also engaging in strategic collaborations and technological advancements to maintain their market positions.
Asia Pacific Enterprise Routers Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type of Connectivity
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2.1.1 Wired
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2.1.2 Wireless
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2.2 By Type of Port
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2.2.1 Fixed Port
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2.2.2 Modular
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2.3 By Type
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2.3.1 Core Routers
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2.3.2 Multi-services Edge
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2.3.3 Access Router
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2.4 By End-user Vertical
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2.4.1 BFSI
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2.4.2 IT & Telecom
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2.4.3 Healthcare
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2.4.4 Retail
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2.4.5 Manifacturing
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2.4.6 Other End-user Verticals
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2.5 By Country
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2.5.1 China
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2.5.2 India
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2.5.3 Vietnam
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2.5.4 Thailand
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2.5.5 Indonesia
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2.5.6 Taiwan
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Asia Pacific Enterprise Routers Market Size FAQs
What is the current Asia-Pacific Enterprise Routers Market size?
The Asia-Pacific Enterprise Routers Market is projected to register a CAGR of greater than 10.22% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Enterprise Routers Market?
CISCO Systems Inc., Huawei Technologies Co. Ltd, Hewlett Packard Enterprise, Juniper Networks Inc. and Extreme Networks Inc. are the major companies operating in the Asia-Pacific Enterprise Routers Market.