Bridges, Gateways And Routers Global Market Report 2024

The bridges, gateways and routers market size has grown steadily in recent years. It will grow from $34.24 billion in 2023 to $35.8 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth witnessed in the historical period can be attributed to the expansion of networks, the proliferation of the internet, the development of enterprise networking, and advancements in telecommunications infrastructure.

The bridges, gateways and routers market size is expected to see strong growth in the next few years. It will grow to $44.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to several key factors, including the widespread adoption of 5G and next-generation networks, the rise of edge computing, the increasing prevalence of IoT and industrial automation, and the expanding use of cloud computing and data centers. Additionally, significant trends expected in this period encompass the convergence of 5G and edge computing, the adoption of software-defined networking (SDN), the increased usage of IPv6, and the growing popularity of wireless broadband and mobile routers.

The bridges, gateways, and routers market is poised for growth, thanks to substantial investments in smart city projects worldwide. These projects leverage information and communication technologies to enhance urban services, covering areas such as transportation, water supply, and public safety. These initiatives are powered by a range of technologies, including Cyber-Physical Systems (CPS), Internet of Things (IoT), Wireless Sensor Networks (WSNs), Cloud Computing, and Unmanned Aerial Vehicles (UAVs). The successful implementation of these technologies relies on efficient networking and communication protocols, making bridges, gateways, and routers integral components. This integration with smart city technologies has created new opportunities for companies operating in this market. For instance, as of March 2023, the United States is set to invest $550 billion over the next decade under the Infrastructure Investment and Jobs Act (IIJA), aimed at upgrading infrastructure, expanding broadband access, and addressing environmental concerns.The concept of smart cities is gaining traction not only in developed nations but also in emerging economies. There are more than 1,000 smart city pilot projects globally, with around 500 of these projects located in China. This global proliferation of smart city initiatives underscores the expanding market for bridges, gateways, and routers.

Connectivity options in this domain encompass Bluetooth, Wi-Fi, Zigbee, Ethernet, cellular networks, and other forms of connectivity. Bluetooth, for instance, is a short-range wireless standard used to exchange data between both fixed and mobile devices over limited distances. It utilizes UHF radio waves within the ISM bands, specifically ranging from 2.402 to 2.48 GHz, and is also instrumental in establishing personal area networks. These networking devices find applications in various sectors such as households, commercial enterprises, industrial settings, and transportation systems. In transportation, routers play a pivotal role in scheduling traffic flow on public networks, ensuring efficient timing and direction. Both indoor and outdoor end-users extensively employ bridges, gateways, and routers in their network configurations.

The bridges, gateways and routers market research report is one of a series of new reports that provides bridges, gateways and routers market statistics, including bridges, gateways and routers industry global market size, regional shares, competitors with a bridges, gateways and routers market share, detailed bridges, gateways and routers market segments, market trends and opportunities, and any further data you may need to thrive in the bridges, gateways and routers industry. This bridges, gateways and router market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing adoption of Internet of Things (IoT) and connected devices is expected to be a driving force for the bridges, gateways, and routers market in the foreseeable future. IoT represents a network of interconnected physical objects embedded with sensors, software, and communication technologies to collect and exchange data over the internet. These connected devices are instrumental in data collection, analysis, and communication. Bridges, gateways, and routers play a vital role in managing the increasing data traffic, ensuring secure and efficient interconnectivity, scalability, and quality of service. They facilitate the seamless integration of diverse connectivity protocols, enable remote device management, support edge computing, and cater to the unique demands of IoT applications. With the global number of IoT connections projected to reach 23.3 billion by 2025, these networking components are indispensable for the growing IoT ecosystem.

Security concerns pose a challenge to the growth of the bridges, gateways, and routers market. Routers, in particular, are susceptible to hacking, which can disrupt and compromise communication. The telecommunications hardware industry is increasingly targeted by hackers, exposing security vulnerabilities. Despite companies' efforts to implement safeguards, data breaches and theft remain significant concerns. For example, there has been a gradual rise in router vulnerabilities since 2010, with three times as many vulnerabilities found in 2020 compared to the previous year. In 2021, 506 vulnerabilities were identified, and 87 of them were classified as critical. These cybersecurity issues present obstacles to the growth of the bridges, gateways, and routers market.

Companies operating in the bridges, gateways, and routers market are increasingly prioritizing the use of sustainable materials in the construction of infrastructure projects. Sustainable materials are derived from renewable sources and are procured in a manner that minimizes harm to the environment. They are natural, renewable, and have a low carbon footprint, making them environmentally friendly. As an illustration, in May 2022, a 1.2 km bridge connecting Esch-sur-Alzette with Esch-Belval in Luxembourg was constructed using sustainable steel designed for long-lasting durability. Notably, this bridge requires no protective coating, leading to minimal maintenance efforts, even with high levels of usage. This eco-friendly approach meets all the requisite cost, design, and strength standards.

Major players in the bridges, gateways, and routers market are embracing edge computing as a strategic advantage to enhance their competitive position. Edge computing represents a decentralized computing model that brings data processing and analysis closer to the source of data generation, typically near the network's edge. For example, in August 2022, Nippon Telegraph and Telephone Corporation (NTT), a Japanese telecommunications company, introduced Edge-as-a-Service, a managed edge compute platform developed in collaboration with VMware and Intel. This globally available solution leverages VMware's Edge Compute Stack and NTT's Private 5G technology to deliver near-zero latency for enterprise applications at the network edge. It offers seamless multi-cloud and multi-tenant connectivity, catering to industries like manufacturing, retail, logistics, and entertainment. This innovative solution resides closer to data generation points, enabling enterprises to access and respond to data instantaneously, thereby optimizing performance and cost efficiency for critical applications.

In April 2021, Marvell Technology, Inc., a US-based semiconductor and technology company, completed its acquisition of Inphi Corporation for a total value of $10 billion. This strategic move has expanded Marvell's presence in data centers and 5G network infrastructure, enabling the company to offer a broader range of products and reinforcing its position in pivotal growth markets, including 5G and cloud. Inphi Corporation, the acquired entity, is a US-based semiconductor company specializing in the production of high-speed analog and mixed-signal semiconductor components and optical subsystems, covering a wide range from 10G to 800G.

Major companies operating in the bridges, gateways and routers market include Cisco Systems Inc., D-Link Corporation, NETGEAR Inc., NXP Semiconductors N.V., Notion Labs Inc., Intel Corporation, TE Connectivity Ltd., Dell Technologies Inc., Hewlett Packard Enterprise Company, ASUSTeK Computer Inc., Huawei Investment & Holding Co. Ltd., Microchip Technology Inc., Helium Systems Inc., Estimote Inc., Juniper Networks Inc., Arista Networks Inc., Extreme Networks Inc., Fortinet Inc., Palo Alto Networks Inc., F5 Networks Inc., Citrix Systems Inc., Riverbed Technology Inc., Zyxel Communications Corp., Allied Telesis Inc., Advantech Co. Ltd., ABB Ltd., Alcatel-Lucent Enterprise, Brocade Communications Systems Inc., Check Point Software Technologies Ltd., Ciena Corporation, Telefonaktiebolaget LM Ericsson, International Business Machines Corporation, Nokia Corporation, Radware Ltd., Symantec Corporation, ZTE Corporation, Ubiquiti Networks Inc.

The Asia-Pacific was the largest region in the bridges, gateways and routers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the bridges, gateways and routers market during the bridges, gateways and routers market forecast period. The regions covered in the bridges, gateways and routers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the bridges, gateways and routers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The bridges, gateways and routers market consists of sales of equipment used for networking purposes such as bridges, gateways and routers. They produce the devices used for networking and manage the amount of traffic, allow data to flow from one discrete network to another, connect two different networks, and sort incoming data and distribute it to the correct destination. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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