5G Segment Routing Market is projected to grow at significant CAGR close to 60%

The 5G segment routing market is expected to grow at a CAGR of 60.19% during the forecast period.

NOIDA, UTTAR PARDESH, INDIA, November 21, 2023 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the 5G segment routing market is projected to grow at a CAGR of 60.19% between 2021 and 2028.

The key driving force behind the rapid growth of the 5g segment routing market is the growing demand for fast data transfers, increasing adoption of 5g coupled with the demand for high-speed connectivity. By efficiently directing and managing data traffic through optimized routes, 5G segment routing ensures that the enhanced capabilities of 5G, such as higher speeds and lower latency, are maximized. This routing technology becomes the backbone that enables seamless and efficient transmission of data, critical for supporting applications like AR/VR, IoT, autonomous vehicles, and high-definition streaming on 5G networks.

5G segment routing refers to a networking technology designed to efficiently direct and manage data traffic within 5G networks. It's a network architecture that allows for efficient packet forwarding by specifying a set of instructions, or segments, within the packet header. 5G segment routing, implemented in network slicing and multi-access edge computing (MEC), enables customized network services and real-time processing at the network edge.

The market is observing numerous product launches and advancements. For instance, in August 2023, Ericsson entered strategic partnership with M1 to implement the latest 5G router, Router 6676. This high-capacity cell site router is tailored for optimal performance in advanced 4G and 5G networks. It's geared to equip M1 for upcoming 5G network demands, offering enhanced capacity, scalability, and responsiveness through features like segment routing and increased density of 25G ports capable of handling 100G. Also, in February 2023, Siemens launched 5g routers Scalance MUM856-1 and MUM853-1, aiming to facilitate improved mobile broadband transmission, extensive machine type communication, and highly reliable, low-latency connections. These routers establish connections between local industrial applications and public 5G, 4G (LTE), and 3G (UMTS) mobile wireless networks. They enable remote monitoring and servicing of industrial equipment, including plants, machines, and control elements, utilizing public 5G networks.

Access sample report or view details: https://www.knowledge-sourcing.com/report/5g-segment-routing-market

The 5g segment routing market, based on technology, is segmented into two main categories namely compressed and uncompressed. Compressed segment routing involves reducing the size of the routing information by using compressed identifiers or labels within the network packets while uncompressed segment routing involves sending routing information without compression or reduction in size

The 5g segment routing market, based on its application, is divided into two segments, which include network slicing and MEC. Network slicing in 5G segment routing involves dividing a single physical network infrastructure into multiple virtual networks, each catering to specific applications or services.

Asia Pacific is poised to experience substantial growth. The rapid 5g adoption, government support and initiatives and technological developments in the region will bolster the growth of 5g segment routing in the region. For instance, according to the Press Information Bureau, 5G services were launched in India on 1st Oct 2022. Within a span of 8 months post-launch, 200,000 sites spanning 700 districts were established. The 5G network has been implemented across all 28 states and 8 Union Territories, setting it as the fastest rollout in the world

The research includes coverage of SoftBank Corp, ZTE Corporation, Juniper Networks, Ciena Corporation, Huawei Technologies Co., Ltd, NEC Corporation, DISH Network LLC, Nokia Corporation, Cisco Systems, Inc. as the significant market players in the 5g segment routing market.

The market analytics report segments the 5g segment routing market using the following criteria:

• By Technology

o Compressed
o Uncompressed

• By Application

o Network Slicing
o MEC

• By Geography

o Americas

• United States
• others

o Europe, Middle East, and Africa

• Germany
• United Kingdom
• Others

o Asia Pacific

• China
• South Korea
• Japan
• Others

Companies Profiled:

• SoftBank Corp
• ZTE Corporation
• Juniper Networks
• Ciena Corporation
• Huawei Technologies Co., Ltd
• NEC Corporation
• DISH Network LLC
• Nokia Corporation
• Cisco Systems, Inc.

Explore More Reports:
• Global 5G Edge Computing Market: https://www.knowledge-sourcing.com/report/global-5g-edge-computing-market
• 5G Network Emulator Market: https://www.knowledge-sourcing.com/report/5g-network-emulator-market
• 5G Smart Grid Market: https://www.knowledge-sourcing.com/report/5g-smart-grid-market

Ankit Mishra
Knowledge Sourcing Intelligence LLP
+1 850-250-1698
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