Surging integration of Artificial intelligence & Machine learning by Manufacturers is a key trend shaping the growth of the Cellular Router and Gateway Market.
According to MarkNtel Advisors study, The Global 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 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.
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Key Findings in Cellular Router and Gateway Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections
· Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Cellular Router and Gateway Market Key Players:
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, Others
Market Segmentation Overview:
By Type
-Router
-Gateway
The cellular router held a significant share of the market due to growing industrial automation (Industry 4.0), mobile & field connectivity, and the growth of smart homes. In the realm of industrial automation, cellular routers emerge as pivotal components, playing a critical role in the realization of Industry 4.0 principles. These routers serve as integral elements in the modernization of manufacturing and industrial processes, offering a range of functionalities that contribute to enhanced efficiency and responsiveness. Moreover, the growing adoption of smart home devices such as smart thermostats, security cameras, door locks, and more is driving the demand for cellular routers across the globe. Smart home devices rely on constant internet connectivity to provide real-time updates, receive commands, and interact with users. Cellular routers play a crucial role in ensuring a stable and reliable connection for these smart home devices. For instance,
- In 2023, in India, there were already close to 13 million smart houses, and by 2025, it is anticipated that this number would increase by about 12.84%, concerning the surging government initiatives of digitalized and smart cities.
By Connectivity
-3G
-4G
-5G
By Enterprise
-Small
-Medium
-Large
By End User
-Manufacturing & Automation
-Transportation
-IT & Telecommunication
-Retail
-Healthcare
-Automotive
-Residential
-Others (SMEs, Agriculture, etc.)
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Cellular Router and Gateway Industry Recent Development:
In 2023, Cisco and T-Mobile announced plans to offer businesses Cisco Meraki’s first-ever 5G cellular gateways for fixed wireless access (FWA), the MG51 and MG51E.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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