Ant Colony Optimization (ACO) is a Swarm Intelligence technique which inspired from the foraging behaviour of real ant colonies. The ants deposit pheromone on the ground in order to mark the route for identification of their routes from the nest to food that should be followed by other members of the colony. This ACO exploits an optimization mechanism for solving discrete optimization problems in various engineering domain. From the early nineties, when the first Ant Colony Optimization algorithm was proposed, ACO attracted the attention of increasing numbers of researchers and many successful applications are now available. Moreover, a substantial corpus of theoretical results is becoming available that provides useful guidelines to researchers and practitioners in further applications of ACO. This paper review varies recent research and implementation of ACO, and proposed a modified ACO model which is applied for network routing problem and compared with existing traditional routing algorithms.