The global routing market size is expected to reach USD 29.67 Billion by 2030 according to a new study by Polaris Market Research. The report “Routing Market Share, Size, Trends, Industry Analysis Report, By Type (Wired, Wireless); By End-Use (BFSI, IT & Telecom, Education, Healthcare, Others); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing number of cloud service providers, the industry is solely driven by the high demand for cloud services and cloud-based infrastructure. Cloud is also pushing Software Defined Networking (SDN) adoption, ensuring a scalable, flexible, and differentiated network that is managed and delivered using SDN. Data center switches are becoming more popular as a result of this. SDN is divided into three layers: application, control, and infrastructure; switches play a key role in processing data traffic and supporting SDN controllers at all three levels.
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Routers for cloud-based services are being rapidly adopted due to technological breakthroughs in routing. Improved features include high bandwidth of 25 Gbps to 100 Gbps, excellent scalability, and high performance, enable for speedy data access, promoting the use of these routers for cloud computing.
In December 2021, the Data group partnered with Cisco to update its backbone network. Cisco Routed Optical Networking and Converged SDN Transport solutions, which let service providers build their speedy networks with more security and reduced dependability to be used for Data Group network. Further, in February 2021, Juniper announced two new six GHz points to be used in Mist AI. Juniper is also launching a new IoT Assurance service that automates and scales the onboarding and security of IoT devices without the need for Network Access Control (NAC).
Based on the type, the wireless segment accounted for the leading share in the industry. The growing requirement for high-speed internet connectivity and the increased usage of smart devices such as smartphones, tablets, and smart TVs is driven by the growing need for wireless routers with effective connectivity. During the forecast period, the wireless routing segment is expected to rise due to rising demand for internet-based devices, the rapid expansion of cloud networking, as well as the rising usage of virtualized technologies.
Major players such as Ekinops, Adtran, H3C, Arista Networks, Asustek Computer, Belkin International, Cisco, Extreme Networks, HP Enterprise, Acelink Technology, Huawei, Juniper Networks, Netgear, Nokia, and Xiaomi among others are some key players operating in the global market.
For instance, Netgear announced the launch of a new Wi-Fi 6 router at the CES 2022, in January 2022. Wi-Fi 6E, it is new designation for the routers and other Wi-Fi equipment that can transmit signals in the freshly available 6GHz band. The Netgear Nighthawk RAXE300, is a tri-band Wi-Fi 6E router that will make its virtual debut at CES 2022.
Polaris Market Research has segmented the routing market report based on type and end-use, and region:
Routing, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Routing, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Routing, Regional Outlook (Revenue - USD Billion, 2018 - 2030)