Press release
Global Routing Market 2023 - Business Overview, New Trends, Development, And Forecast To 2032 | Cisco, Huawei Technologies Co., Ltd., Juniper Networks, Inc
Routing Market
As per the routing market report by The Business Research Company, the increasing demand for internet-based devices is significantly driving the growth of the routing market.
The global routing market size grew from $19.19 billion in 2022 to $20.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The routing market size is expected to grow to $29.21 billion in 2027 at a CAGR of 9.2%.
Read More On The Routing Market Report Here:
https://www.thebusinessresearchcompany.com/report/routing-global-market-report
Major competitors in the routing market include Cisco, Huawei Technologies Co., Ltd., Juniper Networks, Inc., Hewlett Packard Enterprise Development LP, Arista Networks, Inc., ASUSTeK Computer Inc., NETGEAR, Nokia, Xiaomi, Acelink Technology Co., Ltd., ADTRAN, Allied Telesis, Inc., Belkin International, Inc., D-Link Corporation, Sierra Wireless, and TP-Link Corporation Limited
The routing market is segmented -
• By Type: Wired, Wireless
• By Placement: Edge, Core, Virtual
• By Application: Datacenter, Enterprise
• By Vertical: BFSI, Healthcare, Education, Residential, Media & Entertainment
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the routing market in 2022.
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Routing refer to wired or wireless network services performed by network layer devices. The routing process refers to the selection of a path for traffic in a network or across multiple networks. The routing is applied to networks such as circuit-switched networks, public switched telephone networks (PSTN), computer networks, internet, IP address, and others. The routing algorithm, metric and costs initialize and maintain the routing table for the process of path determination.
The Table Of Content For The Routing Market Include:
1. Executive Summary
2. Routing Market Characteristics
3. Routing Market Trends And Strategies
4. Routing Market - Macro Economic Scenario
5. Routing Market Size And Growth
6. Routing Market Segmentation
……
26. Africa Routing Market
27. Routing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Routing Market
29. Routing Market Future Outlook And Potential Analysis
30. Appendix
The "Global Routing Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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