Routing Market Growth and Forecast Report, 2030
The global routing market is experiencing significant growth, with an estimated size of USD 16.3 billion in 2023. Projections indicate a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030, aiming to reach USD 29.3 billion by 2030. This expansion is primarily driven by the increasing volume of media-rich data generated by web applications and the internet. The widespread adoption of affordable broadband services and the rising number of internet users contribute to the massive generation of multimedia content online, thereby escalating the global demand for routers.