Routing Market Expansion Continues, with Forecast Valuation of $34.68 Billion by 2029

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Routing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the routing market has seen significant expansion. The market value which stands at $21.34 billion in 2024 is projected to increase to $22.49 billion in 2025, an increment that translates to a compound annual growth rate (CAGR) of 5.4%. This progressive trend during the historical phase has been influenced by the expansion of the internet and data traffic, the widespread growth of telecommunication networks, e-commerce and online services, as well as the prevalence of cloud computing, data centers, and mobile and wireless communication.

Routing Market Size Forecast: What's the Projected Valuation by 2029?
The future years are expected to bring swift expansion to the routing market size, with projections pointing to a rise to $34.68 billion in 2029 and a compound annual growth rate (CAGR) of 11.4%. This predicted expansion in the upcoming period can be tied to several factors such as the deployment of 5G networks, edge computing, IoT connectivity, the uptake of sd-wan (software-defined wide area network), cybersecurity measures and threat defence, the shift towards remote work and digital modernisation, and mult-cloud and hybrid cloud surroundings. Key trends for the forecast period encompasses network slicing and qos (quality of service) routing, the implementation of zero-trust network access (ztna) for secure routing, AI-powered self-correcting networks, quantum-safe routing protocols, routing as a service (raas) models, mesh networking, and peer-to-peer routing.

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What Are the Drivers Transforming the Routing Market?
The growth in the routing market is largely spurred on by the escalating requirement for internet-dependent devices. Such devices are essentially hardware components that operate within the AI, IoT, and ML ecosystems, including processors, sensors, routing equipment, communication software & hardware, and other elements that amass and transmit data. They wirelessly connect to a network and possess the capability to send data. The routing of data from the original point to the destination point is a crucial aspect of large-scale internet-dependent devices and wireless solutions. As an example, a research conducted by DataProt highlights that the total number of IoT or interconnected devices worldwide is projected to hit 25.4 billion by 2025. Hence, the amplified demand for the internet and internet-dependent devices is bolstering the expansion of the routing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Routing Market?
Technological breakthroughs in the arena of routing are emerging as a primary trend in the routing market. Foremost companies in this industry are keen on offering cutting-edge solutions to cater to their customers' wants and solidify their standing in the market. These organizations are integrating avant-garde routing technologies and models into their offerings, such as delivery and load carrying routing, data-driven routing, optimized link-state routing, dynamic source routing, among others. To illustrate, Arista Networks, which is a US-based entity offering computer networking solutions and services, revamped its routing collection in April 2023, to accommodate edge use cases like multi-cloud, 5G radio access networks, among other applications.

Which Segments in the Routing Market Offer the Most Profit Potential?
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, Healare, 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 Firms Dominate the Routing Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential 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.

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