IDC Forecasts LTE Router/Gateway Market to Reach $1.9 Billion in 2022 as Cellular Solutions Experience Stronger Uptake in Enterprise Environments
Summary
Heightened demand is fed by new enterprise applications requiring cost-effective ways to connect to the cloud or, in another instance, internally across a geodispersed private network. IDC has observed a number of leading suppliers begin to distance themselves in revenue and growth metrics; however, differentiation will remain challenging as the market matures. Worldwide, IDC expects the LTE router/gateway market to grow from approximately $804.2 million in 2018 to $1.9 billion in 2022 at a compound annual growth rate (CAGR) of 27.4%. "The enterprise LTE appliance market is seeing rapid uptake globally, prompting incumbent suppliers and new players to seek differentiation to demonstrate value. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries.