According to a new report by Expert Market Research titled, “Border Gateway Protocol Market Size, Share, Analysis, Report and Forecast 2024-2032″, gives in-depth analysis of the global border gateway protocol market, assessing the market based on its segments like type, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2032):-
- Forecast CAGR (2024-2032): 6.4%
The number of connections to a particular network has risen in recent years with the emerging use of smart devices. Users have been able to access the internet at all times and everywhere with technical advancements and changing preferences, resulting in expanded use of the internet.
The North America and Western Europe area is dominated by the Border Gateway Protocol (BGP) market. North America has a large presence of key providers of internet services, as well as the high adopter of connected technology is considered by the U.S.
Border Gateway Protocol Industry Definition and Major Segments
Border Gateway Protocols are a routing protocol that makes it easier for host or gateway hosts to transfer data or information; the host may be on the same or different autonomous systems. Border Gateway Protocol is a type of Path vector that maintains multiple host/gateway routes and helps in decision-making routing.
Based on type, the market can be divided into:
- Internal BGP
- External BGP
It finds end-uses in the following sectors:
- Education
- BFSI
- Manufacturing
- Telecom And IT
- Energy
- Healthcare and Life Sciences
- Public Sector and Utilities
- Retail
- Others
Based of region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Border Gateway Protocol Market Trends
In order to increase the demand for reliable information transmission protocols, which are expected to be the main drivers for business growth, rapid urbanisation and increasing internet use are combined. For communication purposes, businesses are developing efficient IT infrastructure, which is one of the main reasons for the growth of the industry.
On the other hand, as well as high maintenance costs, the complexity of routing system implementation can serve as a market constraint for the Border Gateway Protocol (BGP).
With the emerging usage of smart devices in recent years, there has been an increase in the number of connections to a specific network. Technological innovation and changing habits have allowed customers to use the internet anywhere and at any time, resulting in greater internet use.
Increased internet use is working as an incentive to increase the market for routing devices. In the recent past, operators of wireless networks have concentrated on covering vast areas of public access, so it is important to facilitate the demand for IT infrastructure, which directly affects the growth of the industry.
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Key Market Players
The major players in the market are Cisco Systems, Inc., Huawei Technologies Co. Ltd., Arista Networks, Inc., ZTE Corporation, Juniper Networks, Inc and others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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