Routing Trends and Forecast
The future of the global routing market looks promising with opportunities in the BFSI, healthcare, education, residential, and media & entertainment markets. The global routing market is expected to reach an estimated $25.9 billion by 2030 with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are growing interest and need for software-defined networking (SDN) and network functions virtualization (NFV), explosive growth in the quantity of multimedia content produced via the internet and web-based applications ,and elevated need for cloud solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Routing by Segment
The study includes a forecast for the global routing by type, placement, application, end use industry, and region.
Routing Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Wired Router
• Wireless Router
Routing Market by Placement [Shipment Analysis by Value from 2018 to 2030]:
• Edge
• Core
• Virtual
Routing Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Datacenter
• Enterprise
Routing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Healthcare
• Education
• Residential
• Media & Entertainment
• Others
Routing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Routing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies routing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the routing companies profiled in this report include-
• Cisco
• Huawei Technologies
• Juniper Networks
• Hewlett Packard Enterprise Development Lp
• Arista Networks
• Asustek Computer
• New H3C Technologies
• Netgear
• Nokia
• Xiaomi
Routing Market Insights
Lucintel forecasts that enterprise is expected to witness highest growth over the forecast period.
Within this market, BFSI will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Routing Market
Market Size Estimates: Routing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Routing market by various segments, such as by type, placement, application, end use industry and region in terms of($B).
Regional Analysis: Routing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, placement, application, end use industry, and regions for the routing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the routing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the routing market size?
Answer: The global routing market is expected to reach an estimated $25.9 billion by 2030.
Q.2 What is the growth forecast for routing market?
Answer: The global routing market is expected to grow with a CAGR of 8.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the routing market?
Answer: The major drivers for this market are growing interest and need for software-defined networking (SDN) and network functions virtualization (NFV), explosive growth in the quantity of multimedia content produced via the internet and web-based applications, and elevated need for cloud solutions .
Q4. What are the major segments for routing market?
Answer: The future of the routing market looks promising with opportunities in the BFSI, healthcare, education, residential, and media & entertainment markets.
Q5. Who are the key routing market companies?
Answer: Some of the key routing companies are as follows:
• Cisco
• Huawei Technologies
• Juniper Networks
• Hewlett Packard Enterprise Development LP
• Arista Networks
• ASUSTeK Computer
• New H3C Technologies
• NETGEAR
• Nokia
• Xiaomi
Q6. Which routing market segment will be the largest in future?
Answer: Lucintel forecasts that enterprise is expected to witness highest growth over the forecast period.
Q7. In routing market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the routing market by type (wired router and wireless router), placement (edge, core, and virtual), application (datacenter and enterprise), end use industry (BFSI, healthcare, education, residential, media & entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Routing Market, Routing Market Size, Routing Market Growth, Routing Market Analysis, Routing Market Report, Routing Market Share, Routing Market Trends, Routing Market Forecast, Routing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.