The new Expert Market Research report titled “Global Border Gateway Protocol Market Report and Forecast 2021-2026”, provides an in-depth analysis of the global border gateway protocol market, assessing the market based on its segments such as type, end use, and major. regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, including key demand and price indicators, and analyzes the market based on the SWOT and Porter’s Five Forces models.
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The main highlights of the report are:
Market overview (2016-2026): –
- Forecast CAGR (2021-2026): 4% (Global Enterprise Network Market)
The number of connections to a particular network has increased in recent years with the emerging use of smart devices. With technological advancements and changing preferences, users can access the Internet anytime, anywhere, leading to extensive use of the Internet. The area of North America and Western Europe is dominated by the Border Gateway Protocol (BGP) market. North America has a large presence of major Internet service providers, as well as the high adopter of connected technology is considered by the US
Industry Definition and Key Segments
Border Gateway protocols are a routing protocol that makes it easier for host or gateway hosts to transfer data or information; the host can be on the same or different autonomous systems. Border Gateway Protocol is a type of path vector that maintains multiple host/gateway routes and aids in decision making.
By type, the market can be divided into:
- Internal BGP
- External BGP
It finds end-uses in the following industries:
- Telecom and IT
- Healthcare and Life Sciences
- Public Sector and Utilities
Based on region, the market is segmented into:
- North America
- Latin America
- Middle East and Africa
To increase the demand for reliable information transmission protocols, which are expected to be the main drivers of business growth, rapid urbanization and increasing Internet use are combined. For communication purposes, companies are developing an efficient IT infrastructure, which is one of the main reasons for the growth of the industry. On the other hand, in addition to high maintenance costs, the complexity of the implementation of routing systems can be a market constraint for the Border Gateway Protocol (BGP).
With the emerging use 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 mean that customers can use the internet anywhere and at any time, resulting in increased internet use. Increased internet usage acts as an incentive to increase the market for routing devices. In the recent past, wireless network operators 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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Main 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, capabilities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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