Press release
Leading Element Driving Change in the Routing Market in 2025: Surging Demand For Internet-Based Devices Fuels Routing Market Growth Driver
Routing Market
The surge in demand for devices based on the internet is substantially propelling the expansion of the routing market. These online based tools are hardware devices, running within the IoT, AI and ML ecosystem, inclusive of processors, sensors, routing devices, communicative hardware & software, among other data collection and transmission tools that wirelessly connect to networks and possess data transmission capabilities. The data routing process from its source to its destination forms a crucial component of vast-scale internet-based device operations and wireless solutions. For example, a DataProt study illustrates that the anticipated global count of IoT or interconnected devices is set to hit 25.4 billion devices by the year 2025. Consequently, the escalated demand for both the internet and internet-based tools is fuelling the expansion of the routing market.
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How will the growth rate of the routing market shape industry trends by 2034?
The size of the routing market has seen a significant increase in the past few years. The prediction is that it will expand from $21.34 billion in 2024 to $22.68 billion in 2025, representing a compound annual growth rate (CAGR) of 6.3%. This surge in the historical period can be credited to the expansion of the internet and data traffic, the enlargement of telecommunication networks, the boom in e-commerce and online services, the rise of cloud computing and data centers, and the advancement in mobile and wireless communications.
The size of the routing market is projected to experience a swift expansion in the coming years, aiming to reach $35.8 billion by 2029 with a compound annual growth rate (CAGR) of 12.1%. This boosted growth during the predicted period could be due to multiple factors such as the rollout of 5G networks, developments in edge computing and IoT connectivity, the increasing acceptance of SD-WAN (software-defined wide area network), prioritizing cybersecurity and threat protection, the surge in remote work and digital transformation, and the rise of multi-cloud and hybrid cloud landscapes. Key trends for the forecasted period encompass network slicing and QoS (quality of service) routing, ZTNA (zero-trust network access) for safeguarded routing, AI-empowered self-restoring networks, quantum-safe routing protocols, the implementation of routing as a service (RaaS) models, mesh networking, and peer-to-peer routing.
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What trends are poised to drive the future success of the routing market?
Emerging advancements in routing technology are becoming a prominent trend in the routing market. A significant number of dominant companies in this market are prioritizing the delivery of cutting-edge solutions to cater to their consumers' needs and fortify their market standing. These firms are integrating various contemporary routing technologies and methodologies into their operations, including load carrying and delivery routing, data-focused routing, enhanced link-state routing, dynamic source routing, among others. For instance, Arista Networks, a computer networking solutions and services provider based in the USA, enhanced its routing selection in April 2023 to accommodate edge use applications such as multi-cloud, 5G radio access networks, and other applications.
Which primary segments of the routing market are driving growth and industry transformations?
The routing market covered in this report is segmented -
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
Subsegments:
1) By Wired: Ethernet Routers, Fiber-Optic Routers
2) By Wireless: Wi-Fi 5 Routers, Wi-Fi 6 Routers, Wi-Fi 6E Routers, Wi-Fi 7 Routers
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Which geographical regions are pioneering growth in the routing market?
Asia-Pacific was the largest region in the routing market in 2024. The regions covered in the routing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the routing market landscape?
Major companies operating in the routing market include 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.
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What Is Covered In The Routing Global Market Report?
•Market Size Forecast: Examine the routing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the routing market for a structured understanding.
•Key Players Overview: Analyze major players in the routing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the routing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the routing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the routing market.
•Industry Challenges: Identify potential risks and obstacles affecting the routing market.
•Competitive Landscape: Review strategic developments in the routing market, including expansions, agreements, and new product launches.
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