What Is The Growth Outlook For The Global Routing Market?
The global routing market has demonstrated strong growth in recent years, escalating from $21.34 billion in 2024 to an anticipated $22.68 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. This growth is largely attributed to the rise in internet and data traffic, expansive telecommunication networks, burgeoning e-commerce and online services, cloud computing, data centers, and the growth in mobile and wireless communications.
The routing market is projected to see rapid growth in the upcoming years, forecasted to rise to $35.8 billion in 2029, boasting a hefty CAGR of 12.1%. This anticipated growth can be ascribed to the deployment of 5G networks, edge computing, IoT connectivity, the adoption of SD-WAN, cybersecurity, remote work trends, and digital transformations. Key trends to watch include QoS routing, AI-driven self-healing networks, and the introduction of quantum-safe routing protocols.
Get Your Free Sample of The Global Routing Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6360&type=smp
What Factors Are Propelling The Growth Of The Routing Market?
One major driving factor for the growth of the routing market is the surging demand for internet-based devices. These devices, which function over IoT, AI, and ML ecosystems, consist of hardware like processors and sensors in addition to routing devices, communication hardware and software, and other tools to capture and transmit data. The number of connected or IoT devices worldwide is forecasted to reach 25.4 billion by 2025, contributing to the rising demand for the routing market.
How Is The Routing Market Structured?
The routing market is segmented as follows:
1) By Type: Wired, Wireless
2) By Placement: Edge, Core, Virtual
3) By Application: Datacenter, Enterprise
4) By Vertical: BFSI, Healthcare, Education, Residential, Media & Entertainment
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/routing-global-market-report
Which Key Players Are Emerging In The Routing Market?
The routing market is dominated by major players such as Cisco Systems Inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., Hewlett Packard Enterprise Development LP, Arista Networks Inc., ASUSTeK Computer Inc., New H3C Technologies Co. Ltd., NETGEAR Inc., Nokia Corporation, Xiaomi Corporation, and more.
What Trends Are Shaping The Routing Market Landscape?
Technological advancements in routing mark a major trend in the routing market. Leading companies in the routing market are focused on technological innovation to meet customer demands and strengthen their market position. New routing technologies and models such as load carrying and delivery routing, and data-centric routing are being implemented to enhance services.
What Regions Lead The Routing Market?
Asia-Pacific was identified as the largest region in the routing market in 2024. Other regions covered in the routing market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Routing Market Report 2025 Offer?
The Routing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Routing refers to network services performed by network layer devices, crucial for selecting a path for traffic across networks. The routing algorithm, metric, and costs initialize and maintain the routing table for path determination.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6360
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us:
The Business Research Company on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
