Press release
Sustainable Transformation in Bridges, Gateways, and Routers Market
Bridges, Gateways And Routers Market
The bridges, gateways, and routers market have demonstrated steady growth, ascending from $34.24 billion in 2023 to an estimated $35.8 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 4.5%. The market is anticipated to witness robust growth in the coming years, reaching $44.38 billion by 2028, with a projected CAGR of 5.5%.
Market Dynamics:
1. Smart City Investments Fuel Growth:
The market for bridges, gateways, and routers is poised for substantial growth, driven by significant investments in smart city projects globally. Smart city technologies, utilizing Cyber-Physical Systems (CPS), Internet of Things (IoT), and other advancements, necessitate efficient networking facilitated by bridges, gateways, and routers. Notably, the United States' Infrastructure Investment and Jobs Act (IIJA) and the surge in smart city pilot projects globally, with a significant concentration in China, exemplify the transformative impact of smart city investments on market expansion.
2. Connected Devices Propelling Market Growth:
The escalating adoption of Internet of Things (IoT) and connected devices is a key driver propelling the growth of bridges, gateways, and routers. IoT, constituting a network of interconnected physical objects embedded with sensors and software, relies on robust networking infrastructure. Bridges, gateways, and routers play a pivotal role in managing the increasing data traffic, ensuring security, scalability, and quality of service. With global IoT connections projected to reach 23.3 billion by 2025, the market is poised for sustained growth.
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Key Market Players:
Major companies contributing to the growth of the bridges, gateways, and routers market include Cisco Systems Inc., D-Link Corporation, NETGEAR Inc., NXP Semiconductors N.V., and Intel Corporation. These industry leaders play a crucial role in developing and advancing networking technologies, enhancing the market landscape.
Transformative Trends:
1. Sustainable Materials Integration:
Companies in the market are prioritizing the use of sustainable materials in infrastructure construction. Sustainable materials, derived from renewable sources and produced with minimal environmental impact, are gaining prominence. For instance, the construction of a 1.2 km long bridge in Luxembourg utilized sustainable steel, designed for longevity, low maintenance, and eco-friendliness. This aligns with a growing focus on eco-conscious practices in infrastructure development.
2. Edge Computing Revolution:
The adoption of edge computing is revolutionizing the bridges, gateways, and routers market. Edge computing, involving decentralized data processing near the data source, enhances performance and cost efficiencies for critical applications. A notable example is Nippon Telegraph and Telephone Corporation's Edge-as-a-Service, a collaboration with VMware and Intel, delivering near-zero latency for enterprise applications at the network edge. This innovation signifies a strategic move by major market players to leverage edge computing for a competitive advantage.
Regional Dynamics and Market Segmentation:
Asia-Pacific stands out as the largest region in the bridges, gateways, and routers market in 2023, with expectations of being the fastest-growing region in the forecast period. The comprehensive market segmentation includes geographical regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The bridges, gateways and routers market covered in this report is segmented -
1) By Connectivity: Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular, Other Connectivity Types
2) By Application: Household, Commercial, Industry, Transportation
3) By End Use: Indoor, Outdoor
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Bridges, Gateways And Routers Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Bridges, Gateways And Routers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on bridges, gateways and routers market size, bridges, gateways and routers market drivers and trends, bridges, gateways and routers market major players, bridges, gateways and routers market competitors' revenues, bridges, gateways and routers market positioning, and bridges, gateways and routers market growth across geographies. The bridges, gateways and routers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the bridges, gateways and routers market report and tap into segments with the highest growth potential.
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