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Bridges, Gateways And Routers Market SWOT Analysis, Industry Revenue, Growth Overview, Industry Share And Forecast To 2033
Bridges, Gateways And Routers Market Analysis
As per the report, the bridges, gateways and routers market size has grown steadily in recent years. It will grow from $34.24 billion in 2023 to $35.8 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The bridges, gateways and routers market size is expected to see strong growth in the next few years. It will grow to $44.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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Smart City Investments Drive Growth In Bridges, Gateways, And Routers Market
The bridges, gateways and routers market are expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services including transportation systems, water supply, and law and order. These technologies are enabled through Cyber-Physical Systems (CPS), Internet of Things (IoT), Wireless Sensor Networks (WSNs), Cloud Computing, and Unmanned Aerial Vehicles (UAVs). Efficient networking and communication protocol is required for the proper functioning of all these technologies and for these bridges, gateways and routers are involved. Smart city technologies are integrated with electrical and electronic components, thereby benefitting the companies operating in this market. For instance, in March 2023, according to Global X ETF, a US-based fund management firm, with the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in November 2021, the United States took a significant step towards improving its infrastructure. Over the next ten years, the IIJA is going to invest $550 billion to improve roads, bridges, airports, and railroads, extend access to clean drinking water and broadband internet, and achieve environmental justice. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China.
Sustainable Materials Transforming The Bridges, Gateways, And Routers Market
The companies in the bridges, gateways and bridges, gateways and routers market are focusing on the usage of sustainable materials for the construction of infrastructure. Sustainable materials are produced from raw materials that are renewable and sourced in a manner that does not negatively impact the environment. They are natural, renewable and carbon neutral and use less energy to extract. For example, in May 2022, in Luxembourg, the 1.2 km long bridge, connecting Esch-sur-Alzette with Esch-Belval, was being made with steel which is sustainable as well as designed to last for long time. The bridge does not need any protective coating now or in the future, therefore, maintenance is low even though usage remains high. It is eco-friendly and meets all cost, design, strength requirements.
The bridges, gateways and routers market covered in this report is segmented -
1) By Connectivity: Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular, Other Connectivity Types
2) By Application: Household, Commercial, Industry, Transportation
3) By End Use: Indoor, Outdoor
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Major companies operating in the bridges, gateways and routers market include Cisco Systems Inc., D-Link Corporation, NETGEAR Inc., NXP Semiconductors N.V., Notion Labs Inc., Intel Corporation, TE Connectivity Ltd., Dell Technologies Inc., Hewlett Packard Enterprise Company, ASUSTeK Computer Inc., Huawei Investment & Holding Co. Ltd., Microchip Technology Inc., Helium Systems Inc., Estimote Inc., Juniper Networks Inc., Arista Networks Inc., Extreme Networks Inc., Fortinet Inc., Palo Alto Networks Inc., F5 Networks Inc., Citrix Systems Inc., Riverbed Technology Inc., Zyxel Communications Corp., Allied Telesis Inc., Advantech Co. Ltd., ABB Ltd., Alcatel-Lucent Enterprise, Brocade Communications Systems Inc., Check Point Software Technologies Ltd., Ciena Corporation, Telefonaktiebolaget LM Ericsson, International Business Machines Corporation, Nokia Corporation, Radware Ltd., Symantec Corporation, ZTE Corporation, Ubiquiti Networks Inc.
Contents of the report:
1. Executive Summary
2. Bridges, Gateways And Routers Market Report Structure
3. Bridges, Gateways And Routers Market Trends And Strategies
4. Bridges, Gateways And Routers Market - Macro Economic Scenario
5. Bridges, Gateways And Routers Market Size And Growth
…..
27. Bridges, Gateways And Routers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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