Global Border Gateway Protocol Market Report and Forecast 2024-2032

Global Border Gateway Protocol Market Outlook 

The global border gateway protocol market is aided by the global enterprise networking market, which is expected to grow at a CAGR of about 6.4% in the forecast period of 2024-2032.

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North America and Western Europe Leading the Border Gateway Protocol Market

The market for the Border Gateway Protocol (BGP) is dominated by North America and Western Europe. North America has a strong presence of main Internet service providers, and the United States is seen as a high-profile provider of connected technology. Asia Pacific is expected to see substantial growth in the demand for the Border Gateway Protocol (BGP). High growth of Asia Pacific is due to an increase in the number of internet subscribers and robust growth in the creation of commercial IT infrastructure in the country. Eastern Europe and Latin America are expected to see modest growth in the demand for distributed antenna systems.

Border Gateway Protocol: Market Segmentation

Border gateway protocols is a routing protocol that allows the transfer of data or information through hosts or gateways; the host may be in the same or different autonomous systems. The border gateway protocol is a form of path vector that maintains the routes of different hosts/gateways and assists in routing decision-making. BPG helps for Classless Inter Domain Routing (CIDR), which helps to assign IP addresses so that links to internet devices can be easily created.

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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

The regional markets for border gateway protocol can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Internet Usage Bolstering the Market Growth

Factors like rising population, growing urbanisation, and the robust penetration of internet in the market have boosted the demand for secure information transferring protocols, which is further driving the demand for the market. With the emerging use of smart devices, the number of connections to a specific network has increased in recent years. Technological advances and changing habits have allowed users to use the internet at all times and everywhere, resulting in increased use of the internet. Increased use of the Internet is working as an incentive to increase the market for routing equipment. In the past years, wireless network operators have concentrated on covering broad public access areas, thus facilitating demand for IT infrastructure that is directly affecting the growth of the industry. Rising development of efficient IT infrastructure by companies for communication purpose have been propelling the growth of the market.

Key Industry Players in the Global Border Gateway Protocol Market

The report gives a detailed analysis of the following key players in the global border gateway protocol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cisco Systems, Inc.
• Huawei Technologies Co. Ltd.
• Arista Networks, Inc.
• ZTE Corporation
• Juniper Networks, Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report