PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1340675
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1340675
The 5G segment routing market is projected to grow strongly during the forecast period.
Segment routing is a key technology for the 5G segment routing market, which aims to provide high-performance, high-reliability, and high-scalability data transport for 5G services. Segment routing supports network slicing, which is a feature that enables the creation and orchestration of separate network partitions with unique characteristics to serve different use cases or enterprises. 5G segment routing market is driven by the growing demand for efficient, flexible, and scalable network solutions that can support diverse and dynamic service requirements. It also leverages SDN and NFV technologies to provide programmable and adaptable network services. Moreover, 5G segment routing supports higher router interface speeds and lower cost per bit, as well as new enterprise use cases that need customized and SLA-based network services.
For instance, as per the insights by European Standards Organization, the percentage of worldwide IPv6 users were 15.06% in 2018, 16.54% in 2019, and 24.33% in 2021. The increase in the percentage indicates a positive trend in IPv6 adoption. The percentage of IPv6 users serves as a significant growth driver for the 5G segment routing market. As the percentage of IPv6 users increases, it indicates a larger user base that relies on IPv6 for their connectivity needs. This growth is beneficial for segment routing in 5G networks as it fosters compatibility and interoperability, enabling efficient routing and optimization of network resources. With a higher percentage of IPv6 users, the demand for advanced routing technologies like segment routing is likely to grow, driving the expansion and adoption of segment routing in the 5G market.
The 5G segment routing market is driven by the need for fast and flexible data transport for 5G services. Segment routing is a simple and scalable protocol that supports network slicing and traffic engineering using MPLS or IPv6. Segment routing also integrates with cloud and SDN for network automation and optimization. The market will grow as service providers use SRv6 networks and new features like SRv6 Flex-Algo and SRv6 MUP for dynamic network slicing and MEC applications.
By application, the 5g segment routing market is segmented into network slicing and MEC. The developments and initiatives in the government and commercial segments are playing a crucial role in driving advancements and improving the 5G segment routing market.
The global 5G segment routing market consists of some major countries that have been undertaking various measures to secure their 5G network across their respective nations. Japan is expected to have a higher CAGR during the forecasted period. In addition to it, a few of the major countries include the USA, China, South Korea, United Kingdom, and Germany. The nations have undertaken various measures, which have complemented the overall market growth. For instance,
Some of the leading players in the market include: Jupiter Networks, ZTE Corporation, and SoftBank Corp among others. The product offerings of the major corporation include the following.
The 5G segment routing market has been analyzed through the following segments:
List is not exhaustive