According to the research report titled ‘Global Enterprise Router Market - Analysis By Router (Core, Edge, Others), Type (Fixed, Modular), Type of Connectivity, End User, By Region, By Country (2021 Edition): Market Insights, Covid -19 Impact, Competition and Forecast (2021-2026)’, available with MarketStudyReport, global enterprise router market was worth USD 4378.72 million in 2020 and is poised to grow substantially through 2026.
 

Increasing focus on network security on the back of growing IP traffic and rising demand for hyperscale data center, surging incorporation of enterprise networking, and soaring adoption of 5G & IoT are the major catalysts for the global enterprise router market growth.
 

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On the basis of type of connectivity, the wired routers segment is predicted to develop significantly over the forecast period, owing to their continued popularity.
 

In terms of type of port, fixed port segment is gaining traction around the globe and is anticipated to grow steadily during the forecast timeline, owing to wide deployment among enterprises. Whereas, modular type router segment is likely to grow tremendously in coming years, due to the rising demand for user-friendly port type.
 

Based on type of router, core router segment of worldwide enterprise router market is predicted to grow at a steady rate, owing to wide scale usage across enterprises; routers being the backbone of network structure.
 

With respect to end-user terrain, BFSI segment holds a profitable market share currently and is anticipated to grow remarkably during the forecast timeframe. The expansion is attributed to rising adoption of IoT in BFSI sector.
 

Considering the regional landscape, Americas is predicted to generate massive revenues for the industry during the analysis period, due to the adoption of new technologies, alongside rising demand for IoT amd cloud computing in American countries, as well as presence of leading firms in the region.
 

Speaking of the competitive hierarchy, Arista Networks, Avaya, Juniper Networks, Inc., Hewlett Packard Enterprise Company, D-Link Corporation, Nokia Corporation, ZTE Corporation, Netgear, Inc., Dell Technologies, Inc., Huawei Technologies Co., Ltd., and Cisco Systems, Inc.,  are the key players in worldwide enterprise router marketplace.