Rising Network Devices Market

Hardware devices that are used to connect computers, printers, fax machines and other electronic devices to a network are called network devices. These devices transfer data in a fast, secure and correct way over the same or different networks. The Network Devices Market is expected to grow $36.4 billion by 2027

Network Devices which address Connectivity like WiFi, Cellular, LoRa, ZigBee, Bluetooth; Device Type like Router, Gateway, Access Point; Application like Residential, Commercial, Enterprise, Industrial, Transportation and Geography – the Global Forecast to 2027 is projected to grow from $26.4 billion in 2022 to $36.4 billion by 2027.

WiFi network deployment helps enterprises rapidly build and connect business applications. The WiFi network also provides greater flexibility, scalability, reliability, and cost-effective benefits in connecting mission-critical business applications.

Core industry sectors are keen on automating and digitizing their business processes to streamline business operations and drive new business revenue opportunities. Owing to COVID-19, the network devices market faced some headwinds for 2020–2021. As the number of Internet users is expected to continue to grow significantly in coming years, the demand for network devices including routers, gateways and access points is also expected to rise simultaneously.

The routers segment is expected to lead the network devices market, by type, during the forecast period. The growing need for high-speed Internet connectivity and the rising adoption of smart devices such as smartphones, tablets, and smart TVs are driving the demand for wireless routers with effective connectivity in the residential sector.

The increasing demand for Internet-based devices, expansion of cloud networking, and rising adoption of virtualized technologies, are expected to propel the growth of the routers market for industrial, enterprise, and commercial applications during the forecast period. Industrial routers provide the communications backbone for manufacturing and utilities applications that run in both indoor and outdoor environments.

Cellular based industrial routers also need to be certified for connection compatibility by cellular service providers such as AT&T, Verizon and Vodafone. Some industrial routers also have SCADA compatibility for use with industrial equipment and machinery that use standardized SCADA communication. Industrial routers also feature unlicensed wireless bands that are not found in residential or commercial routers.