Service Providers Spur Router Market Growth
Dell'Oro Group forecasts the service provider router market to reach $11.6 billion by 2014.
According to a recent report by Dell'Oro Group the worldwide service provider router market is entering growth cycle that will see revenue increase by more than 60 percent over the next five years. This PR Newswire release also says that the router market is experiencing strong demand as service providers increase the capacity of networks to accommodate the rapid growth of Internet traffic.
"'Recent history shows us that service providers invest heavily in routers for their Internet Protocol, or IP, networks in conjunction with advances in router technologies,' said Shin Umeda, Vice President of Routers research at Dell'Oro Group. 'We are seeing manufacturers offering unprecedented advancements in capacity and service functionality in their latest router products. These new capabilities will give service providers the tools to better manage network traffic growth and develop new revenue streams,' added Umeda."