LTE Edge Router Solutions Market : Quantitative LTE Edge Router Solutions Market Analysis, Current and Future Trends, 2019-2027
Edge routing solutions refer to the specialized devices residing at the edge of the network. These devices ensure the connection of the internal network with external networks, internet, or external wide area networks. A network edge solution is a solution including the devices which provides entry, demarcation, and management access between a service provider and enterprise network. The functions of network edge solutions are often integrated or combined with Customer Premise Equipment (CPE) that includes Ethernet Access Devices (EADs), Integrated Services Routers (ISR), Multi-Service Access Routers (MSAR), and Integrated Access Devices (IADs).
Increase in internet bandwidth and mobile connectivity are estimated to play a pivotal role in the development of the LTE edge router solutions market. Increasing usage of wireless connected home appliances and wearable devices coupled with reduction in the cost of networking hardware is expected to propel the demand for connected devices in the coming years. According to the Cisco Visual Networking Index 2015–2020, by 2020, the number of connected devices along with Machine to Machine (M2M) modules are expected to reach 11.6 billion. Furthermore, the Organisation for Economic Co-operation and Development (OECD) projects the connected devices in OECD member countries to rise significantly from 1.8 billion in 2012 to 14 billion by 2022. Thus, the significant demand for connected devices is anticipated to boost the installation of LTE edge router solutions in the commercial sector, thus supporting the growth of the LTE edge router solutions market globally.
The global LTE edge router solutions market can be segmented based on component, enterprise size, industry vertical, and region. In terms of component, the market can be divided into solutions and services. Services segment is expected to have major share in the LTE edge router solutions market. Based on enterprise size, the market can be segmented into small & medium size enterprises and large enterprises. Large enterprises are expected to have more share throughout the forecast period. This is due to a significant budget being set aside by these companies to use advanced networking solutions. On the basis of industry vertical, the market can be bifurcated into healthcare, manufacturing, IT & telecom, retail, government, transportation & logistics, automotive, education, and others. IT & telecom industry segment is expected to have a larger share in the global LTE edge router solutions market throughout the forecast period. This is mainly due to need for internet connectivity among these enterprises for their core business functions.
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In terms of region, the global LTE edge router solutions market can be classified into North America, Europe, Middle East & Africa, Asia Pacific, and South America. Presently Asia Pacific is expected to have major share in the global LTE edge router solutions market and is expected to be a dominant revenue contributor throughout the forecast period. This is due to increasing number of connected devices coupled with increasing number of enterprises in this region. Middle East & Africa and South America are also expected to contribute considerably toward the growth of the global LTE edge router solutions market due to large government funding as well as rising infrastructure developments in these regions.
Key players operating in the global LTE edge router solutions market include Cradlepoint, Inc., Juniper Networks, Inc., and Nokia. Manufacturers are focusing on providing LTE edge router solutions that are already integrated with the particular carrier network modem. For instance, Cradlepoint, Inc., provides LTE routers that are already integrated with Sprint and T-Mobile networks. Players are also focusing on enhancing their marketing strategy and distribution channels. Players collaborate with local players in order to enhance their market position in untapped markets by delivering their product offerings via these local players who act as the company’s distributors.
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