Press release
Top Players and Competitive Dynamics in the Routing Market
Routing Market
Routing Market Size and Growth Prospects Through 2030
The routing market is anticipated to grow significantly, reaching a valuation of $38.77 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 11.6%. Several factors contribute to this uptrend, including the heightened demand for high-performance wireless routers, the expansion of virtual and software-defined routing technologies, and the rising need for multi-gigabit routing capabilities. Additionally, advancements in routing metrics, automation tools, and the necessity for resilient routing across hybrid networks are pivotal growth drivers. Critical trends expected to influence this market include the adoption of cybersecure routing platforms, integration of IoT-connected network routing, AI-supported traffic optimization, development of intelligent enterprise routing systems, and the rise of cloud-centric routing solutions.
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Key Industry Players Leading the Routing Market
The routing sector is dominated by numerous influential companies such as 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, 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., and Dell Technologies Inc.
Recent Acquisition Strengthening Routing Solutions
In May 2024, Prism Visual Software Inc., a U.S.-based software firm, acquired Advantage Route Systems Inc. for an undisclosed sum. This strategic acquisition aims to enhance Prism's portfolio by incorporating ARS's scalable and modern software products. Prism's CEO, Craig Mordi, highlighted that ARS's Mango One solutions provide a strong foundation for expanding Prism's offerings, which is expected to accelerate growth and market presence for both companies. Advantage Route Systems Inc. is known for its innovative routing and logistics software designed to optimize delivery operations across multiple sectors.
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Emerging Trends Creating Routing Market Opportunities
A growing number of leading companies in routing are embracing edge computing as a way to secure a competitive advantage. Edge computing brings data processing closer to the source, enhancing speed and efficiency by performing analysis near where data is generated. A notable example occurred in May 2024 when Tata Communications from India launched CloudLyte, a fully automated edge-computing platform. CloudLyte offers real-time inferencing and auto-scaling, built around a 'solution-in-a-box' architecture that combines platform, infrastructure, networking, and managed services. It supports multi-access and cloud-agnostic deployment, enabling quick implementation within minutes.
Dominant Market Segment in Routing
This report segments the routing market into the following categories:
1) By Type: Wired and Wireless
2) By Placement: Edge, Core, and Virtual
3) By Application: Datacenter and Enterprise
4) By Vertical: BFSI (Banking, Financial Services, and Insurance), Healthcare, Education, Residential, and Media & Entertainment
Further breakdowns include:
- Wired routers segmented into Ethernet Routers and Fiber-Optic Routers
- Wireless routers including Wi-Fi 5, Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 Routers
These segments reflect the diverse applications and technologies fueling the routing market's ongoing expansion and innovation.
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