Global Border Gateway Protocol Market to be Driven by the Global Enterprise Networking Market, Which is Likely to Grow at a CAGR of 6.4% During 2024-2032

The border gateway protocol is very useful for the internet service providers which is propelling its market demand. The border gateway protocol enhances the stability of network as its separates the core and edge into two routing protocols. The deployment of border gateway protocol also allows end to end quality of service and expand the enterprise markets to support the multi-homed customers. The border gateway protocol can allow optimal routing across an autonomous system. This can check the denial-of-service attacks on the network deploying border gateway protocol. All these advantages lead to burgeoning of the demand for the border gateway protocol industry.

The telecom and IT segment are anticipated to have significant growth in the end users of border gateway protocol market. The reason is the growing internet usage across the world. The developing nations have rising population who are having increasing exposure to the internet. The increasing disposable income of the people in countries such as India is leading to rising consumption of internet services. The challenge for stable network for the telecom companies providing internet services can be handled with the help of border gateway protocol. This will accelerate the demand from telecom and IT end user segment.

The enterprise networking market is primarily driving the border gateway market. In February 2021, Cisco Systems, Inc (NASDAQ: CSCO) announced partnership with Comcast business to expand the VPN solution. The VPN solution was designed to support enterprise customers by providing the remote workforce with secure and high-speed internet connection. This announcement will boost the market for border gateway protocol in the wake of coronavirus pandemic where remote workforce is expanding.

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Market Analysis by Type, End-Uses and Regions:

• The types of border gateway protocol are internal BGP and external BGP.

• The end users of the industry are education, BFSI, manufacturing, telecom and IT, energy, healthcare and life sciences, public sector and utilities and retail, among others.

• The regional markets for border gateway protocols include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The increasing penetration of internet services is driving the demand for border gateway protocol.

• The rising usage of smart devices is fuelling the growth of the industry.

• The growing population and increasing disposable income will augment the market demand.

• The advantage of stability of network with border gateway protocol deployment is boosting the industry growth.

Key Offerings of the report:

• The EMR report gives an overview of the global border gateway protocol industry for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for the type, end use and major regions of border gateway protocol industry.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global border gateway protocol market are Cisco Systems, Inc., Huawei Technologies Co. Ltd., Arista Networks, Inc., ZTE Corporation and Juniper Networks, Inc. among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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