A router is an essential networking device that forwards packet data between network computers. Routers do the network traffic forwarding functions within the Web. Internet traffic, like a webpage or an email, is in fact in the form of packets. The packet itself is not known in computer jargon. The term "packet" is actually used to refer to any piece of information which can be transported between two or more locations. A packet can be anything from an audio signal to a video, from a piece of text to a file, and from an electronic image to a computer program.
Market Dynamics
Increasing automation in the industrial sector is expected to propel growth of the global industrial routers market over the forecast period. For instance, in November 2020, ABB Thailand partnered with Ericsson Thailand. The agreement provides a framework and opportunity for ABB and Ericsson to jointly accelerate the digital transformation of diverse enterprises across Thailand and to enhance support for ABB’s customers with 5G connectivity expertise.
Increasing developments in 5G-ready IP networks are expected to offer lucrative growth opportunities for players in the global industrial routers market. For instance, in November 2020, Nokia expanded its partnership with Deutsche Telekom Group to build a 5G-ready IP network. Deutsche Telekom has selected Nokia's 7750 Service Router (SR) platform to significantly expand capacity across its edge/core routing network as it prepares for next-generation broadband and 5G services.
The industrial routers market is witnessing several M&A activities. For instance, in November 2020, SmartWave Technologies, a Northlane Capital Partners platform investment, acquired Multi-Tech Systems, Inc., a leading global supplier of Industrial IoT communication devices and services.
Major players operating in the global Industrial routers market are focused on launching new products to expand their product portfolio. For instance, in October 2020, Cisco Systems, Inc. launched Cisco Catalyst 8000 edge router family that include three models--the high-end 8500 for data-center or colocation customers, the 8300 for branch users, and the software-based 8000 for virtual environments and feature support for advanced routing, SD-WAN, security and secure-access service edge (SASE)--depending on customer requirements.
Competitive Analysis
Major players operating in the global industrial routers market include, Juniper Networks, Inc., Netgear Inc., ZTE Corporation, Cisco Systems, Inc., Inseego Corporation, Dell Technologies, Inc., Micromax Technology, Ericsson, Inc., TP-Link Technologies Co., Ltd, Digi International, Alcatel-Lucent Enterprises, Multi-Tech Systems, Inc., Huawei Technologies Co., Ltd., and Advantech Co., Ltd
November 2020: Digi International launched the Digi IX10 industrial router, expanding its Digi IX industrial cellular router family built to provide cost-effective, rightsized connectivity in industrial infrastructure environments, including: digital signage, critical asset monitoring, and unattended retail applications.
In-depth report on Industrial Routers Market by Coherent Market Insights:
https://www.coherentmarketinsights.com/market-insight/industrial-routers-market-603
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