Enterprise Router Market Procurement Intelligence Report | Forecasts of over USD 1 Billion Spend Growth in the Enterprise Router Market
LONDON--(BUSINESS WIRE)--Dec 3, 2019--
SpendEdge has been monitoring the global enterprise router market and the market is poised to experience spend growth of more than USD 1 billion between 2019-2024 at a CAGR of over 4% during the forecast period. Request Free Sample Pages.
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SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Enterprise Router Market - Procurement Intelligence Report. (Graphic: Business Wire)
Read the 133-page research report with TOC and LOE on “The Global Enterprise Router Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”
Cloud computing is gaining prominence in operations across a majority of enterprises. This is resulting in the generation of massive volumes of data and is creating the requirement for high-speed internet. Such infrastructural requirements are propelling the demand for enterprise routers and are driving substantial investments into this market. The recent increase in the demand for network virtualization solutions is contributing to the demand growth in the enterprise routers market. Despite predictions of spend growth, factors like lack of infrastructures, such as servers and data centers, in many developing nations are taking a toll on spend growth in the enterprise router market.
In North America, the balanced ratio of buyers and suppliers is favoring demand growth in the enterprise router market. Last year, the market share in this region touched a figure of almost 45%. The high adoption rate of software-defined and cloud-based network solutions will continue contributing to spend growth in the enterprise router market in this region. Meanwhile, in APAC, technological developments and adoption of IT infrastructure by enterprises are favoring market spend growth that posted an average annualized growth of about 8% last year. It is expected that enterprise routers suppliers who can deliver at competitive rates are likely to experience healthy growth in APAC, where many corporates are seeking to deploy economical enterprise router solutions.
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Insights into the market pricing trends
Insights into the supply market that will have potential impacts on your procurement strategy
Some of the top enterprise router suppliers enlisted in this report
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