The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Cellular Router and Gateway Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Cellular Router and Gateway Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Cellular Router and Gateway Market size is estimated to grow at a CAGR of around 10.5% during the forecast period, i.e., 2024–30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Cellular Router and Gateway Market Segmentation?
The report has segmented the market into the following categories:
By Type
– Router- Market Size & Forecast 2019-2030, USD Million
– Gateway- Market Size & Forecast 2019-2030, USD
By Connectivity
– 3G- Market Size & Forecast 2019-2030, USD Million
– 4G- Market Size & Forecast 2019-2030, USD Million
– 5G- Market Size & Forecast 2019-2030, USD Million
Based on connectivity, 5G is projected to hold a major share of the Global Cellular Router and Gateway Market during the forecast period. 5G’s accelerated data speeds facilitate faster downloads, seamless streaming, and improved user experiences. With increased network capacity, more devices can connect simultaneously without performance drawbacks, driving the widespread adoption of 5G globally. Its rapid data speeds cater to bandwidth-intensive applications like high-definition video streaming and online gaming. As user engagement with these applications rises, so does the demand for high-speed connectivity through cellular routers and gateways.
By Enterprise
– Small- Market Size & Forecast 2019-2030, USD Million
– Medium- Market Size & Forecast 2019-2030, USD Million
– Large- Market Size & Forecast 2019-2030, USD Million
By End User
– Manufacturing & Automation- Market Size & Forecast 2019-2030, USD Million
– Transportation- Market Size & Forecast 2019-2030, USD Million
– IT & Telecommunication-Market Size & Forecast 2019-2030, USD Million
– Retail- Market Size & Forecast 2019-2030, USD Million
– Healthcare- Market Size & Forecast 2019-2030, USD Million
– Automotive- Market Size & Forecast 2019-2030, USD Million
– Residential -Market Size & Forecast 2019-2030, USD Million
– Others (SMEs, Agriculture, etc.)- Market Size & Forecast 2019-2030, USD Million
By Region
– North America
– South America
– Europe
– The Middle East and Africa
– Asia-Pacific
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Key Factor Driver Cellular Router and Gateway Industry Growth by 2030
Rising Shift Towards a Remote & Hybrid Work Model Augmenting Market Demand – The COVID-19 pandemic has triggered a radical transformation in traditional workspaces, prompting the widespread adoption of remote work. This shift has compelled enterprises to adapt quickly to the changing landscape. According to Forbes, in 2023, around 12.7% of full-time employees opted for work from home, and about 28.2% of employees opted for a hybrid work environment. Remote work often requires employees to access company networks and data from various locations. Cellular routers and gateways provide a secure and reliable way to establish connectivity over cellular networks, ensuring that employees can access the necessary resources without compromising data security. This resulted in its increased adoption in the past few years. Moreover, remote workers are increasingly incorporating IoT devices for enhanced productivity and convenience. This is further expected to augment the market size in the coming years.
Who are the Key Players Operating in the Cellular Router and Gateway Industry?
The top companies of the Cellular Router and Gateway market ruling the industry are:
- Cisco Systems Inc.
- Sierra Wireless
- Digi International Inc.
- Advantech Co., Ltd.
- HMS Networks
- Peplink
- BEC Technologies, Inc.
- Belden Inc.
- Shenzhen Tenda Technology Co., Ltd
- Cradle point, Inc.
- Four-Faith Communication Technology
- Encore Networks
- ZTE Corporation
- TP-Link Corporation
- Huawei Device Co., Ltd
- Teltonika
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Cellular Router and Gateway Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Cellular Router and Gateway industry?
- Which is the Leading segment in the market?
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