The international industrial routers market is expected to grow at a compounded annual growth rate of 8.64 percent between the current year and 2021, according to Research and Markets that released its findings based on its discussions with key vendors. This would gain companies like Alcatel Lucent SA (ADR) (NYSE: ALU), Cisco Systems, Inc. (NASDAQ:CSCO), And Juniper Networks, Inc. (NYSE:JNPR).
The research firm thinks that the main driver in market is improved productivity with a focus on reducing operational costs. The routers could provide high-speed network facilities that have the potential to reduce operational costs of enterprises. Currently, the firm pointed out that industrial routers make connections easily accessible, faster, and secure. Also, the larger enterprises opt for industrial routers ideally since that increases the operational efficiency compared to traditional routers at similar price points.
According to the research firm, the international industrial routers market was prepared after an in-depth market analysis based on inputs from industry experts. Its report would cover the landscape of the market apart from growth prospects in the upcoming years. This included discussions with important vendors operating in this segment.
Aside from larger enterprises, the research organization pointed out that small and medium enterprises are coming up in the industrial sector. As a result, they could push manufacturer of industrial router firms to scout for opportunities in matured markets and capture market share or boost their share.
There are three key trends identified. One is the increased adoption, the second is the increasing popularity of industrial routers among robot OEMs and the third is merger and acquisition of makers of industrial routers. The following companies stand to gain from the market growth.
- Alcatel Lucent SA (ADR) (NYSE: ALU)
- Cisco Systems, Inc. (NASDAQ:CSCO)
- Juniper Networks, Inc. (NYSE:JNPR)
- Huawei Technologies
- HP Inc (NYSE:HPQ)