Routing Market 2030 | Emerging Technological Trends, Future Growth and Business Opportunities

Market Size – USD 13.82 Billion in 2021, Market Growth – at a CAGR of 8.6%, Market Trends – Significant investments in research & development activities

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. 

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As well as new entrants in the Routing market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.

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.

Market Scope:

One of the report’s central components is the broad Routing market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.

Reports Highlights:

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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The global Routing market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Routing sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

Emergen Research has segmented the global routing market based on type, placement, application, vertical, and region:

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 Bifurcation of the Routing Market Includes:

North America (U.S., 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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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Routing market?

What are the key product types and applications of the Routing industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

What is the competitive landscape of the Routing market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

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About Us:

At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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