Press release
Global Border Gateway Protocol (BGP) Market Set to Witness an Uptick by 2025
On the basis of types, the Border Gateway Protocol (BGP) market can be segmented into two Interior Border Gateway Protocol (IBGP), Exterior Border Gateway Protocol (EBGP).
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IBGP are used by single enterprise and run between two peers in the same autonomous system. Whereas EBGP are used by service providers and runs between different autonomous systems.
On the basis of vertical, the Border Gateway Protocol (BGP) market can be segmented into education, BFSI, manufacturing, telecom and IT, energy, healthcare and life sciences, public sector & utilities, and retail.
Regionally, Border Gateway Protocol (BPG) market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
BPG provides assistance for Classless Inter domain Routing (CIDR), which helps in allocating IP addresses, owing to which, connection with internet devices can easily established.
Rapid urbanization and raising usage of internet are coupled together to increase the demand for secure information transferring protocols, which is anticipated to be the major drivers for the market growth. For communicating purpose, companies are developing efficient IT infrastructure, this is one of the crucial factor for the development of the industry. On the other hand, complexity in installation of routing devices as well as high maintenance cost may act as a restraint for the Border Gateway Protocol (BGP) market.
With emerging utility of smart devices over the recent years, number of connections to a particular network has risen. Technological advancement and changing lifestyles has encouraged consumers to use internet anywhere and anytime through various, resulting into higher usage of internet. Increase usage of internet is working as opportunity to expand the demand of routing devices .In the recent past, wireless network providers have been focused on covering the large public access areas, therefore to facilitate the demand IT infrastructure is required, which is directly influencing the growth of the industry.
Border Gateway Protocol (BGP) market is dominated by the North America, and Western Europe region. North America has a wide presence of key internet service providers, as well as U.S. is considered as the high adopter of connected technology. Asia Pacific Excl. Japan as well as Japan region is expected to witness a significant growth in the Border Gateway Protocol (BGP) market. High growth of APEJ is attributed to increase in number of internet subscribers and growing development of commercial IT infrastructure in the region. Eastern Europe and Latin America is expected to see a moderate growth rate in the distributed antenna systems market.
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CISCO, Juniper Network, Symantec, Hewlett-Packard, IBM, Aaya, Huawei, Polycom, Aruba, Dell, Alcatel-Lucent, Riverbed, Tivo, Arista, Palo Alto Network, and Checkpoint are the key competitors of Border Gateway Protocol market.
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