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Enterprises are increasingly transitioning their companies to digital networks, which has intensified the need for a reliable network infrastructure and carrier routing equpmentsand other networking tools. Companies are under pressure on their network infrastructure due to growing demands for access and a rising number of corporate information resources. Carrier routing and networking tools such as routers, switches, and cables are highly implemented to enhance network stability and durability. The growing market for connecting data centers and remote office locations is projected to accelerate the adoption of Ethernet cables, high-performance routers, and other networking tools.
The market has witnessed huge momentum owing to the expanded usage of high-speed Gigabit Ethernet, propelled by the growing use of PoE (Power over Ethernet) for a range of business applications and the integration of enterprise and residential networks. Increasing demand for Internet-enabled applications, expansion of cloud networking, coupled with the growing acceptance of virtualized technology, is expected to drive progress of the market. Further, the expansion of Wi-Fi technologies and the increasing need for carrier routing equipments to deploy business WLAN networks are projected to accelerate the market.
Mobile data congestion is anticipated to increase over the next years as carriers deploy stronger networks and customers connect more devices. This rise in demand for netrowk infrastructure can be due to an improvement in mobile use, and growth in cellular apps on the network coupled with the introduction of faster networks such as 3G/4 G and LTE around the globe. This has further created huge demand forcarreir routing equiments among service providers and businesses.
Given the possible near-term effect of COVID-19, the carrier routing equipment industry is projected to see steady development in the next few years. Despite the expectation that long-term demand-driving factors such as the 5 G build-up and transfer of mobile traffic to Cloud are unlikely to slow down, and service providers would continue to install long-term network resources to meet the anticipated network bandwidth growth.
Key Market Driver -
• Increasing adoption of LTE/5G Mobile Networks • Growing demand for hardware networking solutions • Rise in mobile data traffic owing to the surge in smartphone penetration
Key Market Restraint -
• Network failures and hardware efficiencies to hamper the market growth
Market players are focused on offering enhanced and advanced platforms and services to gain a competitive edge in the market. Service providers are also focused on R&D investments in the market to cater to the rising demand from the consumers. Some of the key players in the carrier routing equipment market are Alcatel-Lucent S.A., Cisco Systems Inc., AT&T, Actelis Networks, Inc., ADTRAN Inc, Ericsson, Telco Systems, Juniper Networks, Inc., Huawei Technologies Co. Ltd., and others.
North America is expected to hold a major market share by 2022 attributed to improved broadband infrastructure and growing innovation in wireless networking technology. This would promote the proliferation of smartphones, PCs, and tablets in the workplace, resulting in a strong demand for reliable network infrastructure capable of accommodating a multitude of devices. Global players operating in the carrier routing equipment market are also growing their footprint in the area by providing innovative products to satisfy the needs of consumers and further promoting the market growth. For example, Telia Carrier, a telecommunication solution provider company based in Sweden aa 400GB, an Ethernet integrated network using Cisco’s NCS5500 series routers.
Asia Pacific is anctipated to show highest growth in the market due to increasing network demand in developing economies such as China and India. Rising fixed broadband demand coupled with increasing mobile data traffic is pushing service providers to improve their core networks, internet backhaul, convergence, and connectivity in Asia Pacific. The Chinese industry is on the verge of rapid growth in enterprise and domestic consumers owing to the growing demand for multi-screen distribution, on-demand streaming, high-definition content, rising usage of tablets and smartphones, as well as increasing penetration of cloud technologies.
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