Bridges, Gateways and Routers Market:
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Executive Summary
The global bridges, gateways and routers market was worth $153.55 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.28% and reach $203.36 billion by 2023.
The bridges, gateways and routers market covered in this report by application into household, commercial, industry, transportation and by end-use into indoor, outdoor.
The bridges, gateways and routers market consists of sales of bridges, gateways and routers and related services for networking purposes. Bridges, gateways and routers establishments produce the devices which are used for networking and manage the amount of traffic, allow data to flow from one discrete network to another and connect two different networks and sorts incoming data and distribute it to the correct destination.
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Routers are the easy target for the hackers and an increase in these types of activities can hinder the growth of the routers market in the forecast period. The telecommunication hardware industry is increasingly targeted by hackers, so exposing various security issues. Hackers either disrupt, intercept or deny communications. Despite various measures taken by the companies, data theft still remains a main concern. For instance, researchers from Red Balloon, a security firm, discovered a remote attack method used by the hackers to target Cisco's 1001-X series router and hack all the data and commands sent through that particular device. Issues with cybersecurity thereby restrain the growth of the market.
The impact of digitization across all industries is driving the use of wireless technologies and equipment in developed and developing countries. Rising data traffic, growth in public WiFi and emerging 4G and 5G technologies are driving the growth of wireless equipment that involves bridges, gateways and routers to transfer data over a network. Moreover, many companies are shifting from traditional communications systems such as fixed line technologies to wireless and mobile technologies. For instance, according to a report by the US Health Department, 50.8% of American households were wireless by the end of 2016, thereby indicating a decrease in wireline usage.
The bridges, gateways and routers market are expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services including transportation systems, water supply and law and order. These technologies are enabled through Cyber-Physical Systems (CPS), Internet of Things (IoT), Wireless Sensor Networks (WSNs), Cloud Computing, and Unmanned Aerial Vehicles (UAVs). Efficient networking and communication protocol is required for the proper functioning of all these technologies and for these bridges, gateways and routers are involved. Smart city technologies are integrated with electrical and electronic components, thereby benefitting the companies operating in this market. In 2018, APG Algemene Pensioen Groep N.V. announced an investment of €250 million in “Smart City Infrastructure Fund”, for the development of smart city projects across North America, Europe, Australia and other major urban areas in the world. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China.
In July 2019, Cisco Systems Inc. acquired Acacia Communications Inc. for $2.6 billion on a fully diluted basis net of cash and marketable securities. The acquisition will benefit Cisco for meeting customer demand for more robust networks. The acquisition will bring Acacia’s high-speed digital signal processing (DSP) technologies and this will allow Cisco to remain competitive in the market.
Major players in the bridges, gateways and routers market are Cisco Systems, Inc., D-Link Corporation, Netgear Inc., NXP Semiconductors N.V., Notion, Intel Corporation, TE Connectivity Ltd., Dell Inc., Hewlett Packard Enterprise Co, Asustek Computer Inc.
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The Business Research Company published its Bridges, Gateways And Routers Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Bridges, Gateways And Routers market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the bridges, gateways and routers market’s segments-1) By Application: Household, Commercial, Industry, Transportation2) By End Use: Indoor, Outdoor.
View Complete Report:https://www.thebusinessresearchcompany.com/report/bridges-gateways-and-routers-global-market-report-2020-30-covid-19-impact-and-recoveryBridges, Gateways And Routers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The impact of digitization across all industries is driving the use of wireless technologies and equipment in developed and developing countries.
The Business Research Company published its Bridges, Gateways And Routers Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global bridges, gateways and routers market.
The report covers the bridges, gateways and routers market’s segments- by application: household; commercial; industry; transportation and by end use: indoor; outdoor.View Complete Report: View Complete Report: https://www.thebusinessresearchcompany.com/report/bridges-gateways-and-routers-global-market-report-2020-30-covid-19-impact-and-recovery Bridges, Gateways And Routers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The impact of digitization across all industries is driving the use of wireless technologies and equipment in developed and developing countries.
