Press release
Routing Market: Market Size, Growth Rate, Drivers, and Key Trends
Routing Market Segments
The vigorous growth of the internet and expansion of telecommunication networks have led to promising projections for the global routing market.
What Is The Projected Market Size Of The Global Routing Market And Its Growth Rate?
The global routing market has seen significant growth in recent years and the trend is expected to continue due to technological advancements and rising demand for internet based devices.
•The routing market stood at $21.34 billion in 2024, and it is projected to reach $22.68 billion in 2025 with a compound annual growth rate (CAGR) of 6.3%.
•It is expected to display rapid growth, reaching $35.8 billion by 2029 at a CAGR of 12.1%, thanks to anticipated trends such as 5g network deployments, SD-WAN adoption, and digital transformation.
What Is Driving The Growth In The Routing Market?
The growth of the routing market is significantly influenced by the increasing demand for internet-based devices. Internet-based hardware devices, which operate through IoT, AI, and ML ecosystem, are a crucial part of large-scale internet-based devices and wireless solutions. The proliferation of these devices is consequently driving the growth of the routing market. For example, the number of IoT or connected devices globally is predicted to reach 25.4 billion by 2025, according to data published in DataProt.
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Who Are the Key Players Driving Routing Market Growth?
Several notable companies are driving growth in the routing market:
•Cisco Systems Inc.
•Huawei Technologies Co. Ltd.
•Juniper Networks Inc.
•Hewlett Packard Enterprise Development LP
•Arista Networks Inc.
•ASUSTeK Computer Inc.
•New H3C Technologies Co. Ltd.
•NETGEAR Inc.
•Nokia Corporation
•Xiaomi Corporation
•Acelink Technology Co. Ltd.
•ADTRAN Inc.
•Allied Telesis Inc.
•Belkin International Inc.
•D-Link Corporation
•EERO LLC
•EKINOPS S.A.
•Extreme Networks Inc.
•Fortinet Inc.
•Fujitsu Limited
•Hitachi Ltd.
•NEC Corporation
•Palo Alto Networks Inc.
•Riverbed Technology Inc.
•TP-Link Technologies Co. Ltd.
•ZTE Corporation
•Alcatel-Lucent Enterprise USA Inc.
•Brocade Communications Systems Inc.
•Check Point Software Technologies Ltd.
•Dell Technologies Inc.
What Are The Key Trends In The Routing Market?
The routing market is characterized by several significant trends:
•Network slicing and QoS (Quality of Service) routing
•Zero-trust network access (ZTNA) for secure routing
•AI-driven self-healing networks
•Quantum-safe routing protocols
•Routing as a Service (RaaS) models
•Mesh networking and peer-to-peer routing
What Are The Segments Of The Global Routing Market?
The routing market includes several segments:
1) By Type: Wired, Wireless
2) By Placement: Edge, Core, Virtual
3) By Application: Datacenter, Enterprise
4) By Vertical: BFSI, Healthcare, Education, Residential, Media & Entertainment
Which Region Leads The Routing Market?
Asia-Pacific holds the largest share in the routing market as of 2024. The routing market report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Routing Market Global Market Report?
- Market Size Analysis: Analyze the Routing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Routing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Routing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Routing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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