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Routing Market High demand and Trends from the APAC region | Reports by Emergen Research
Routing Market | size |Share
One of the key factors driving the worldwide router market is the rise in connected device adoption in the BFSI, healthcare, and educational sectors as well as the rising consumer desire for faster internet access technology. Additionally, the expansion of the "bring your own device" policy among SMEs has a beneficial effect on the market growth for routers. However, factors including high wireless router implementation costs and overheating and overloading of router technology are anticipated to restrain market expansion. On the contrary, increase in government initiatives for smart city project is expected to offer remunerative opportunities for the expansion of the market during the forecast period.
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Due to the increasing use of wireless routers by IT organisations to receive and transmit information to employees and consumers through the internet at a quicker speed with increased security, the IT & telecom sector led the router market in 2020. Nevertheless, the healthcare sector is anticipated to develop at the greatest rate during the projected period due to the sector's growing need for high-speed internet connectivity to evaluate large amounts of electronic medical records.
It offers detailed insights into the impact of COVID-19 on the industry at a regional level and industry level. The report also covers the developments and government regulations related to COVID-19. The report further analyzes the current and future impact of COVID-19 on the global market and provides an insight into the post-COVID-19 situation.
Key Highlights of Report :
The wireless segment accounted for largest revenue share in 2021. Growing need for high-speed internet connectivity and increasing usage of smart gadgets, such as smart TVs, and smartphones with wireless connectivity, are driving demand for wireless routers with strong connections. Also, increased demand for internet-connected devices and cloud networking is driving revenue growth of this segment.
The virtual segment accounted for a moderate revenue share in 2021. A virtual router is a software-based routing architecture that enables hosting system to perform like a typical hardware router across a local area network. A virtual router can provide a computer or server capabilities of a full-fledged router by using software to execute router's network and packet routing functions. Virtual Router Redundancy Protocol (VRRP) can also be used to create virtual routers to improve network dependability, which is expected to drive revenue growth of this segment. This is accomplished by designating a virtual router as the default gateway, which is backed by a collection of real routers.
The datacenter segment accounted for a moderate revenue share in 2021. To remove delays, enable faster speeds, and expand networks, more bandwidth is necessary for these purposes, which is increasing demand for fast routing solutions and is expected to drive revenue growth of this segment.
Routing market for edge placement to hold the highest market share from 2022 to 2030
During the anticipated period, it is anticipated that the edge router segment will account for the majority of the routing market. The need for information communication technologies has grown greatly as IoT development has advanced and 4K/8K videos have become increasingly popular. Depending on use cases, applications, and devices, the required communication quality and capabilities can range greatly from a single high-speed session to several low-speed sessions. In the upcoming years, the market for edge routers is anticipated to expand quickly due to the increasing demand for network connectivity.
Top Companies Profiled in the Routing Market Report Include : Cisco Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Hewlett Packard Enterprise Development LP, Arista Networks, Inc., ASUSTeK Computer Inc., Qualys, Inc., New H3C Technologies Co., Ltd., netgearstore.in, Nokia, and Xiaomi.
Read more details on top companies data for Routing Market @ https://www.emergenresearch.com/industry-report/routing-market
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Emergen Research has segmented the global routing market based on type, placement, application, vertical, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Wired Router
Wireless Router
Placement Type Outlook (Revenue, USD Billion; 2019-2030)
Edge
Core
Virtual
Application Type Outlook (Revenue, USD Billion; 2019-2030)
Datacenter
Enterprise
Vertical Outlook (Revenue, USD Billion; 2019-2030)
Banking, Financial Services, and Insurance
Government & Defense
Healthcare
IT & Telecom
Manufacturing
Research & Academia
Others
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Regional Overview:
The global Routing Market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Routing Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
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