Routing Industry: Comprehensive Insights on Current Trends, Market Share, and Future Opportunities

What are the current trends in the routing industry?

The phenomenon of digital transformation, driven by the ongoing technological advancement, is highly noticeable in the routing industry. Organizations worldwide are swiftly shifting towards advanced routing technologies to enhance process efficiency and service delivery. The recent years have witnessed a considerable increase in the implementation of software-defined networking (SDN) and network functions virtualization (NFV), which have revolutionized the routing landscape by providing improved network control and reduced infrastructure costs.

How is market share divided in the routing industry?

The routing industry has a highly competitive nature with several key players striving for a larger market share. Companies that introduced innovative solutions are more likely to gain a larger share of the pie. It should also be noted that more established networking firms continue to retain significant shares due to the reliability of their products and compatibility with legacy systems.

What lies ahead for the routing industry?

The routing industry is poised to attain considerable growth in the coming years due to an unending demand for high-speed internet and networked services mainly due to the increase in IoT devices, cloud services, and data center traffic. Moreover, with the advent of 5G, routing solutions communicating at ultra-high speed and low latency will gain prominence. The global pandemic has also provided an unpredicted impetus to remote working, subsequently increasing the demand for efficient routing services.