The global routing market size was USD 13.82 Billion in 2021 and is expected to register a revenue CAGR of 8.6% during the forecast period. Surge in volume of multimedia content generated through internet and web applications is a key factor driving routing market revenue growth.
Growing adoption and availability of high-speed wireless broadband networks, such as public Wi-Fi, as well as an increase in number of people using laptops, and smartphones, have contributed to the production of a sizable amount of multimedia content for Internet and mobile apps. These factors have led content providers to expand their data centers. Consequently, higher-bandwidth switches with rates between 10 Gbps and 100 Gbps and beyond are required for video-on-demand services.
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This is expected to increase spending on cloud computing and data centers, as well as use of data center switches for data traffic control and routing, which is expected to drive market revenue growth. Furthermore, trend of Work From Home (WFH) policies by enterprises during Covid-19 pandemic resulted in a significant increase in demand for Fiber-To-The-Home services (FTTH) and has driven market growth market.
However, reluctance of businesses to transition from legacy equipment to a virtual environment is one of the challenges in conducting business. Internet Service Providers (ISPs) and telecom companies maintain and run legacy systems, which are challenging to manage, are expensive to maintain, and incompatible with various platforms. Traditional architecture and infrastructure require customization of new virtual router software solutions.
The latest research report by Emergen Research, named ‘Global Routing Market - Forecast to 2030’, entails a comprehensive review of the global Routing Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
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The Global Routing Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Some major companies operating in the global market include Cisco Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Hewlett Packard Enterprise Development LP, Arista Networks, Inc., ASUSTeK Computer Inc., Qualys, Inc., New H3C Technologies Co., Ltd., netgearstore.in, Nokia, and Xiaomi.
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Emergen Research has segmented the global routing market based on type, placement, application, vertical, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Placement Type Outlook (Revenue, USD Billion; 2019-2030)
Application Type Outlook (Revenue, USD Billion; 2019-2030)
Vertical Outlook (Revenue, USD Billion; 2019-2030)
Banking, Financial Services, and Insurance
This section of the report offers valuable insights into the geographical segmentation of the Routing market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Routing market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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