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Increasing adoption of IoT devices by several enterprises and emerging trend of BYOD outcomes are key factors driving routing market revenue growth
— Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, June 8, 2023/EINPresswire.com/ — The Latest research study released by Emergen Research on “Routing Market” with 150+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that leads the market growth.
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.
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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. Routing Market By Type (Wired Router, Wireless Router), By Placement (Edge, Core, Virtual), By Application (Datacenter, Enterprise), By Vertical (Banking, Financial Services, and Insurance, Government & Defense), and By Region Forecast to 2030.
Key Players Included in this report are:
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., netgearstore.in, Nokia, and Xiaomi
What can be explored with the Routing Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Routing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Routing Market
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
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Some Key Highlights From the Report
The wireless segment accounted for largest revenue share in 2021. Growing need for high-speed internet connectivity and increasing usage of smart gadgets, such as smart TVs, and smartphones with wireless connectivity, are driving demand for wireless routers with strong connections. Also, increased demand for internet-connected devices and cloud networking is driving revenue growth of this segment.
The virtual segment accounted for a moderate revenue share in 2021. A virtual router is a software-based routing architecture that enables hosting system to perform like a typical hardware router across a local area network. A virtual router can provide a computer or server capabilities of a full-fledged router by using software to execute router’s network and packet routing functions.
On September 21, 2021, Nokia released fifth-generation routing silicon and raises the bar for IP network security and energy efficiency. While delivering new features for shielding network traffic from security threats, Nokia FP5 network processing hardware makes a generational leap in IP network capacity and power efficiency.
Market Segmentation Analysis
Players can concentrate on high-growth regions and, if necessary, modify their business plan according to the research report. The Routing Market is divided into a variety of categories, uses, and geographical areas. Players gain from the report’s regional segmentation research since it offers pertinent data and insights into important geographic marketplaces.
Type Outlook (Revenue, USD Billion; 2019-2030)
Wired Router
Wireless Router
Placement Type Outlook (Revenue, USD Billion; 2019-2030)
Edge
Core
Virtual
COVID-19 Impact Analysis
The post-COVID-19 phase has undergone substantial change, and Routing Market research highlights the opportunities and difficulties that still exist. This study report thoroughly examines the effects of the COVID-19 pandemic on the global economy and post-pandemic market behaviour.
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Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics.
SECONDARY RESEARCH MODEL
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources, annual report of companies, SEC filings, government press release, pricing databases and many more.
Regional Outlook
We carefully examined each division, regional classification, national study, and subject-specific data set during the market research. This Routing Market research report’s goal is to look at growth patterns, promising futures, important obstacles, and expected results. Information on significant market participants, strategic alliances, plans, new product launches, and joint ventures are all included in the research.
Key Reasons to Purchase Routing Market Report
The reader will be in a position to comprehend and react to marketing strategies like using strengths and conducting a SWOT analysis.
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