08th October 2018: This Report Studies the Global Industrial Routers Market size, industry status and forecast, competition landscape and growth opportunity. This Research Report categorizes the Global Industrial Routers Industry by Companies, Region, Application, Type and end-use Industry.
Global Industrial Routers Market is expected to gain a significant CAGR growth in the forthcoming period. Industrial routers are robust devices that connect two or multiple systems or devices wherein transmission of information is limited to the required ports. Technically, entire transmission is due to a gateway for transfer of communication protocols between standard wired and wireless network. Processor is of high capacity and on-chip memory capacity over a specified cache.
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Commercially, industrial routers have gained much importance over the recent years and with the proliferation of smart devices operating in the real-time, the demand for industrial routers market is expected to gain more traction in the forthcoming years.
Driving factors responsible for the growth of industrial routers market includes extensive use of industrial routers in various sectors such as energy generation, gas, and waste and water treatment for monitoring of inventories, production modules and timely delivery of finished products. Additionally, emphasis of business enterprises and organizations towards IoT is gaining positive traction, thus contributing to the growth of this market. Moreover, rise of automation and automated devices exhibiting artificial intelligence to enhance processes simultaneously with end results.
Based on segmentation by product, the industrial routers market includes wired and wireless. Based on segmentation by end-use, this market includes railways, maritime & offshore, oil & gas, water & wastewater treatment, energy, roads, manufacture & process industries.
Geographically, industrial routers industry spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC market dominates the industry owing to huge presence of multinational business in these regions for low cost manufacturing and heavy potential of consumers leading to increased commercial activities. Presence of industries such as automotive, food & beverages, electronics & semiconductor industries in China, Japan, India & South Korea. European market is also expected to gain a positive traction in the forthcoming period owing to consistent demand in the forthcoming period. North American market is also expected to witness a high demand resulting into growth in the forthcoming period.
The key players in the industrial routers market include Alcatel-Lucent, Huawei Technologies, Cisco, Advantech, Juniper Networks, Ericsson, Dell, and HP. The profile of industrial players comprises considerable dominance owing to fast, secure and high performance product development at reasonable costs.
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