As cited by 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 Market Study Report LLC, global enterprise router market was worth USD 4378.72 million in 2020 and is estimated to expand significantly over 2021-2026.
 

Increasing IP traffic along with rising demand for hyperscale data centers are the major factors driving global enterprise router market growth. In addition, prevalence of enterprise networking and increasing penetration of 5G and IoT are augmenting the market development.
 

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Based on type of connectivity, the industry is segmented into wired and wireless. Among these, wired segment is likely to expand significantly over the assessment period, owing to its widespread adoption across various geographies.
 

Considering port type, the marketplace is divided into fixed port and modular. Among these, fixed port segment is anticipated to grow lucratively over the estimated timeline, owing to the large-scale use among enterprises. Likewise, modular segment is expected to grow over the projected timeline due to increasing demand for more versatile ports.
 

Speaking of router type, global enterprise router industry is divided into core routers, edge routers and others. Among these, core routers segment is poised to witness steady growth over the forecast duration, driven by high demand from enterprises, which consider them to be an integral part of network structure.
 

Moving on to end user range, the market is classified into BFSI, healthcare, IT & telecom, and others. Among these, BFSI segment currently accounts for a significant market share due to increased adoption of IoT, as well as rising demand for data security in the sector.
 

Geographically speaking, the Americas is anticipated to capture a major portion of the market over the assessment duration on account of adoption of new technologies, rising demand for IoT & cloud computing, and substantial presence of leading enterprise router providers in the region.
 

Prominent players influencing global enterprise router industry trends are Arista Networks Inc., Avaya Inc., Juniper Networks Inc., Hewlett Packard Enterprise Development LP, D-Link Corporation, Nokia Corporation, ZTE Corporation, Netgear Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., and Cisco Systems Inc.