Routing Market Size Worth USD 29.28 Billion in 2030 at a CAGR of 8.6% By Emergen Research

Routing Market
Routing Market

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, according to latest analysis by Emergen Research. 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. 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. These solutions must be properly integrated with existing infrastructure to be profitable and there is always a chance that this integration may be incompatible. As a result, service providers are cautious to implement new virtual router applications while transitioning existing services to the new virtualized environment.

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We provide detailed product mapping and investigation of various market scenarios. Emergen Research analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Routing market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.

The report also sheds light on the technological developments, product advancements, market volume, materials, market share, and an in-depth analysis of the Routing sector. The report also carries a dedicated section that offers an extensive analysis of the prominent companies engaged in the market along with their detailed profiles and market position.

The major manufacturers covered in this report:

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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The all-inclusive report offers a thorough analysis of the market growth and trends, factors influencing the growth of the market, market estimations, drivers, restraints, and overall market analysis. The report also includes an examination of leading segments and sub-segments of the Routing market to offer an industry-wide analysis.

Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2019-2030)
    • Wired Router
    • Wireless Router
  • Placement Type Outlook (Revenue, USD Billion; 2019-2030)
    • Edge
    • Core
    • Virtual
  • Application Type Outlook (Revenue, USD Billion; 2019-2030)
    • Datacenter
    • Enterprise
  • Vertical Outlook (Revenue, USD Billion; 2019-2030)
    • Banking, Financial Services, and Insurance
    • Government & Defense
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Research & Academia
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019–2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

Market Segmentation based on Key Geographical Regions:

  • North America (U.S.A., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Global Routing Market Report Highlights:

  • The wireless segment accounted for largest revenue share in 2021. Growing need for high-speed internet connectivity and increasing usage of smart gadgets, such as smart TVs, and smartphones with wireless connectivity, are driving demand for wireless routers with strong connections. Also, increased demand for internet-connected devices and cloud networking is driving revenue growth of this segment.
  • The virtual segment accounted for a moderate revenue share in 2021. A virtual router is a software-based routing architecture that enables hosting system to perform like a typical hardware router across a local area network. A virtual router can provide a computer or server capabilities of a full-fledged router by using software to execute router’s network and packet routing functions. Virtual Router Redundancy Protocol (VRRP) can also be used to create virtual routers to improve network dependability, which is expected to drive revenue growth of this segment. This is accomplished by designating a virtual router as the default gateway, which is backed by a collection of real routers.
  • The datacenter segment accounted for a moderate revenue share in 2021. To remove delays, enable faster speeds, and expand networks, more bandwidth is necessary for these purposes, which is increasing demand for fast routing solutions and is expected to drive revenue growth of this segment.
  • The healthcare segment accounted for a moderate revenue share in 2021. Need for routing will increase as more medical professionals across the world employ connected healthcare devices such as heart-rate monitors and remote monitoring equipment. Furthermore, connected medical device enables healthcare professionals to concentrate on promoting patient engagement and delivering care that is patient-centric. Therefore, to use these services, clients must have a high-speed internet connection, which is expected to drive revenue growth of this segment.
  • The North America market accounted for largest revenue share in 2021. The region’s economy is strong and stable, enabling it to make significant investments in R&D that support development of new routing technologies. Majority of top rivals, including, Arista Networks (US), Juniper Networks (US), Cisco (US) as well as many start-ups, are present in the region and provide clients with advanced routing solutions and services. which is expected to drive market growth.

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Table of Contents:

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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On a concluding note, the report offers a panoramic view of the Routing market on both the global and regional levels. It is inclusive of key statistical data and industry-verified facts and thoroughly evaluate the size, share, and market volume of the Routing industry to forecast the same over 2020-2028.

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