Press release
Smart City Investments Drive Growth In Bridges, Gateways, And Routers Market: A Key Factor Shaping the Future of the Bridges, Gateways And Routers Market in 2025
Bridges, Gateways And Routers Market Trends
The market size for bridges, gateways, and routers has seen a robust expansion in the past years. There's a forecast for it to rise from $31.3 billion in 2024 to an approximated $32.87 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The past growth has been fueled by factors like network expansion, growth of the internet, enterprise networking, and development of telecommunications infrastructure.
The market size for bridges, gateways, and routers is anticipated to experience consistent growth in the upcoming years, increasing to $39.86 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%. This expected growth during the forecast period can be ascribed to elements such as 5G and next-generation networks, edge computing, IoT and industrial automation, and cloud computing and data centers. Notable trends during the forecast period encompass 5G and edge computing, software-defined networking (SDN), adoption of ipv6, wireless broadband, and mobile routers.
What Are the Main Catalysts for Growth in the Bridges, Gateways And Routers Market?
The market for bridges, gateways, and routers is predicted to benefit from a global surge in investments towards smart city projects. These projects utilize information and communication technologies to operate and manage urban services such as transportation, water supply, and law enforcement effectively. They employ technologies such as Cyber-Physical Systems (CPS), the Internet of Things (IoT), Wireless Sensor Networks (WSNs), Cloud Computing, and Unmanned Aerial Vehicles (UAVs), which all require a reliable network and communication protocol facilitated by bridges, gateways, and routers. The integration of smart city technologies with electronic components means that firms operating in this market stand to gain. For example, in September 2024, data from the US Census Bureau shows that construction spending reached a seasonally adjusted annual rate of $2,162.7 billion in July 2024, a 6.7 percent increase (±1.8 percent) from the $2,027.4 billion spent in July 2023. Furthermore, total public construction rose to $270,803 million in July 2024 from $243,948 million the previous year.
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Which Businesses Are at the Forefront of Bridges, Gateways And Routers Market Development?
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.
What Are the Latest Innovations in the Bridges, Gateways And Routers Market?
Businesses operating in the bridges, gateways, and routers market are shifting their focus towards utilizing ecologically friendly substances to build their infrastructures. These materials are derived from replenishable raw materials, non-harmful to the environment in their sourcing process. They are naturally found, carbon-neutral, and require less energy for extraction. For instance, a bridge in Luxembourg, measuring 1.2 km in length and linking Esch-sur-Alzette with Esch-Belval, was recently constructed in May 2022 using sustainable steel. This material was not only devised to withstand time but also eliminated the need for any protective coating, resulting in low maintenance despite frequent usage. The bridge adheres to all stipulations regarding cost, architecture, and strength, representing an environmentally conscious approach.
How Is the Bridges, Gateways And Routers Market Segmented?
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
Subsegments:
1) By Bluetooth: Bluetooth 4.0 (Low Energy), Bluetooth 5.0, Bluetooth Mesh Networking
2) By Wi-Fi: Wi-Fi 5 (802.11ac), Wi-Fi 6 (802.11ax), Wi-Fi 6E, Wi-Fi 7
3) By ZigBee: ZigBee 3.0, ZigBee Pro
4) By Ethernet: Wired Ethernet, Power Over Ethernet (PoE), Gigabit Ethernet
5) By Cellular: 4G LTE, 5G, 3G
6) By Other Connectivity Types: LoRaWAN (Long Range Wide Area Network), Thread, Z-Wave, NFC (Near Field Communication)
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Where Is the Bridges, Gateways And Routers Market Growth Most Prominent?
Asia-Pacific was the largest region in the bridges, gateways and routers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the bridges, gateways and routers market during the bridges, gateways and routers market forecast period. The regions covered in the bridges, gateways and routers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Bridges, Gateways And Routers Global Market Report?
- Market Size Analysis: Analyze the Bridges, Gateways And Routers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bridges, Gateways And Routers 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 Bridges, Gateways And Routers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bridges, Gateways And Routers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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