The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Routing Global Market Report 2024 offers crucial insights into the routing market help businesses analyse and build stronger strategies.

 

The routing market has witnessed robust growth, surging from $20.33 billion in 2023 to an estimated $21.84 billion in 2024, showcasing a substantial Compound Annual Growth Rate (CAGR) of 7.4%. This impressive growth in the historic period is attributed to various factors, including the expansion of telecommunication networks, the flourishing e-commerce landscape, the ascent of cloud computing and data centers, and the widespread adoption of mobile and wireless communications.

 

Anticipated Growth in the Forecast Period

The routing market is poised for continued strong growth in the coming years, with an expected ascent to $31.46 billion by 2028, reflecting a formidable CAGR of 9.6%. This surge in the forecast period is fueled by several key factors, such as the deployment of 5G networks, the advent of edge computing and IoT connectivity, the increasing adoption of SD-WAN (Software-Defined Wide Area Network), cybersecurity imperatives, the paradigm shift towards remote work and digital transformation, and the expanding prevalence of multi-cloud and hybrid cloud environments.

 

Key Trends Shaping the Future

– Network Slicing and QoS Routing

The adoption of network slicing and Quality of Service (QoS) routing is becoming a prominent trend, allowing for the efficient allocation of network resources based on specific requirements.

– Zero-Trust Network Access (ZTNA) for Secure Routing

With cybersecurity concerns on the rise, the implementation of Zero-Trust Network Access (ZTNA) for secure routing is gaining traction, ensuring robust protection against potential threats.

– AI-Driven Self-Healing Networks

Artificial Intelligence (AI) is playing a pivotal role in shaping the future of routing, with the emergence of AI-driven self-healing networks that can autonomously address and rectify network issues.

– Quantum-Safe Routing Protocols

In response to the evolving landscape of cybersecurity, the development and adoption of quantum-safe routing protocols are becoming crucial, safeguarding against potential threats posed by quantum computing.

– Routing as a Service (RaaS) Models

The evolution of Routing as a Service (RaaS) models is transforming the market, providing flexible and scalable routing solutions that align with the specific needs of businesses.

– Mesh Networking and Peer-to-Peer Routing

Mesh networking and peer-to-peer routing are emerging trends, introducing decentralized and resilient network architectures that are particularly beneficial in dynamic and challenging environments.

Driving Forces: Internet-Based Devices Surge

The surging demand for internet-based devices is a primary driver behind the robust growth of the routing market. With the proliferation of IoT, AI, and ML ecosystems, internet-based devices are becoming integral components, relying on routing solutions for efficient data transmission. The projected increase in connected devices globally, reaching 25.4 billion by 2025, underscores the significant role of routing in managing the vast network of interconnected devices.

 

Read The Full Routing Market Report Here:
https://www.thebusinessresearchcompany.com/report/routing-global-market-report

 

Industry Giants and Innovations

– Major Market Players

Industry leaders such as Cisco Systems Inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., and others are playing pivotal roles in shaping the routing market, contributing to its evolution and growth.

– Technological Advancements

Technological advancements are a defining trend, with companies like Arista Networks upgrading their routing portfolios to align with emerging demands, including multi-cloud applications and 5G radio access networks.

– Strategic Acquisitions

Strategic acquisitions, such as Cisco’s acquisition of Acacia Communications, Inc., exemplify the industry’s pursuit of bolstering routing and optical networking portfolios, aligning with the ‘Internet for the Future’ strategy.

 

Market Segmentation for Precision

– Types of Routing

Segmentation based on routing types includes wired and wireless solutions, catering to diverse connectivity needs.

– Placement Strategies

Placement strategies encompass edge, core, and virtual routing options, offering flexibility and scalability for varied network architectures.

– Application Focus

Routing solutions tailored for specific applications, such as datacenter and enterprise-focused routing, provide targeted solutions for diverse industry requirements.

– Vertical-Specific Routing

Vertical-specific routing solutions cater to industry verticals, including BFSI, healthcare, education, residential, and media & entertainment, aligning with specific demands and standards.

Regional Dominance

In 2023, Asia-Pacific emerged as the largest region in the routing market, reflecting the region’s active participation and influence in steering the industry forward.

 

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The Routing Global Market Report 2024  provides a comprehensive outlook of the routing market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The routing market forecast offers a thorough analysis on routing market size, routing market share, prominent players and their strategies.

 

The Table Of Content For The Routing Market Include:
1. Routing Market Executive Summary
2. Routing Market Segments
3. Routing Market Size And Routing Market Growth Rate
4. Key Routing Market Trends
5. Major Routing Market Drivers
……
25. Key Mergers And Acquisitions In The Routing Market
26. Top Routing Companies
27. Routing Market Opportunities And Strategies
28. Routing Market, Conclusions And Recommendations
29. Appendix

 

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