Routing Market: 2024 Industry Leader, Growth Analysis and Report Forecast by 2027

We estimate the routing market size 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. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for routers from end-user industries and expand their global footprint by offering their products in all the major regions.

Key players operating in the routing market are Cisco (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), ASUSTeK Computer Inc. (Taiwan), New H3C Technologies Co., Ltd. (Taiwan), NETGEAR (US), Nokia (Finland), Xiaomi (China), Acelink Technology Co., Ltd. (Taiwan), ADTRAN (US), Allied Telesis, Inc. (Japan), Belkin International, Inc. (US), D-Link Corporation (Taiwan), EERO LLC (US), EKINOPS S.A. (France), Extreme Networks (US), Linksys USA, Inc. (US), MikroTik (Latvia), Peplink (US), Raymar Information Technology, Inc. (US), Sierra Wireless (Canada), Synology Inc. (Taiwan), and TP-Link Corporation Limited (China).

The company has introduced several innovations that extend its networking capabilities to wireless and enterprise routing products, including Software-Defined Wide Area Network (SD-WAN) and Internet of Things (IoT) edge platforms. Cisco’s SD-WAN solutions are designed to provide direct branch to cloud connectivity, enabling the workforce to access their software-as-a-service (SaaS) applications and workloads in an optimized and highly secure manner. It has continued to expand its SD-WAN offering through its Cloud OnRamp integrations with several web-scale providers to deliver predictable and highly secure application experiences. The company steadily promotes measures, which include group strategies, growth investments, mergers & acquisitions. In 2020, the company introduced Cisco Silicon One, a single unified silicon architecture, as well as the Cisco 8000 carrier-class router family built on Cisco Silicon One and their operating system, Cisco IOS XR7. It has also expanded its Cisco Silicon One platform from a routing-focused solution to one which addresses the web-scale switching market.

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Huawei held the second position in the routing market in 2021 with an approximate share of 18–20% in the market. The company’s innovative data communication products — such as the NetEngine 5000E cluster router and the NetEngine 8000 series intelligent metro routers — enable easy access to multiple clouds, differentiated experiences, and cloud network converged service capabilities driven by cloud network-security integration. These products have gone a long way toward helping carriers tap into new enterprise markets. Its intelligent cloud-network solution has served multiple industries, including e-government, smart healthcare, smart education, smart coal mining, smart ports, and smart manufacturing. Huawei has continued to lead innovation in end-to-end 400GE ultra-high-speed interface technology, allowing routers to smoothly support massive amounts of data and protect customer investments. 400GE interface technology has already been successfully adopted in several projects, such as China Mobile Jiangsu’s IDC project, and is leading the shift of IP networks from the 100GE era to the 400GE era. It has continuously upgraded its intelligent cloud-network solutions. The company has worked with carriers worldwide to build 5G networks that deliver the best possible experiences. It has also teamed up with carriers and partners to build a thriving 5GtoB ecosystem and made breakthroughs with large-scale industry applications. This will boost the market for routers in a comprehensive manner.

Juniper Networks held the third position in the routing market in 2021 with an approximate share of 10–12% in the market. Juniper Networks developed, marketed, and sold the first commercially available purpose-built IP backbone router optimized for the specific high-performance requirements of telecom and cable operators. As the need for core bandwidth continued to increase, the need for service-rich platforms at the edge of the network was created. The company offers a robust portfolio of SDN-enabled MX series routing platforms that provide system capacity, density, security, and performance with investment protection. MX series routers play at the heart of the digital transformation that service providers, cloud providers, and Enterprises are undergoing. Our SDN Controller for the WAN, NorthStar, enables granular visibility and control of IP/Multiprotocol Label Switching, or IP/MPLS flows for large networks.

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