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Global Routing Markets Report 2022-2027 Featuring Key Players - Cisco, Huawei, Juniper Networks, HP Enterprise, Arista Networks, Asustek Computer, H3C, Netgear, Nokia, & XiaomiDUBLIN, March 28, 2022 /PRNewswire/ -- The "Global Routing Market with COVID-19 Impact, by Type (Wired, Wireless), Placement (Edge, Core, Virtual), Application (Datacenter, Enterprise), Vertical (BFSI, Healthcare, Education, Residential, Media & Entertainment) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The routing market size is estimated to be valued at USD 15.1 billion in 2022 and reach USD 22.9 billion by 2027, at a CAGR of 8.6% from 2022-2027. According to the Consumer Technology Association (CTA), the number of smart homes in the US is expected to reach ~35.2 million units by 2020. The growth in smart homes is expected to create demand for routers. Due to 100M FTTH broadband, online 4K videos, 4G/4.5G/5G, IoT, the idea of user experience first, and SDN and NFV, routers are also undergoing continuous evolution. A significant increase in the demand for connected devices, such as smartphones, smartwatches, and tablets, is also being witnessed. As these devices need to be connected to the Internet for most of their functions, the residential routers market is bound to increase. Moreover, in smart homes, every device requires an internet connection to work properly. The continuous development in wireless technologies and rapid innovation in various devices have increased the use of routers in smart homes. The new, virtual router software solutions need to be customized for supporting the traditional architecture and infrastructure. These solutions must be properly integrated with the existing infrastructure to realize the benefits, and there is always a risk that this integration would be incomplete. Hence, when deploying a new virtual router application into operations, services providers are reluctant to convert old services to the new virtualized environment. Datacenter: Fastest growing application of routing market The data centre is an essential element of the internet's infrastructure. In next-generation facilities, e.g., edge data centres, routers play an important role in connecting network services to end-users. The data centre hardware architecture is evolving to meet increased demand for data through networking bandwidth upgrades, application-optimized data processing, and the addition of IEEE 1588 precision time protocol. Residential: Fastest vertical of routing market The recent developments in Wi-Fi technology, such as the increase in speed and security and integration of IoT, have improved the way people use the internet to stay connected. The performance of Wi-Fi connectivity and devices such as Wi-Fi routers has significantly improved with technological advancements. The adoption of Wi-Fi has surged due to its ease of use, installation, and safety. The popularity and acceptance of home and office automation are growing rapidly across the globe. Automation is deployed for various reasons, such as controlling lights, air conditioners, and fans; monitoring smoke, gas leakage, door intrusion, glass break; or motion detection. It is managed by a router installed in homes or offices that acts as the doorway or portal from homes or offices to the internet. The growing preference for smart architecture in homes and offices is also expected to fuel the demand for routers and routing. Major players that are operating in the routing market in North America include Cisco (US), Arista Networks (US), HPE (US), and Juniper Networks (US). Enterprises in North America are increasing their spending on IT infrastructure to gain a competitive advantage and increase their business productivity. Premium Insights
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