Press release
Global Router And Switch Market Size To Reach A Value Of USD 46.6 Billion By 2028
Router And Switch Market
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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The key highlights of the report include:
Market Overview (2018-2028)
Forecast Market Size (2028): USD 46.6 billion
The surging utilisation of cloud-based computing solutions is expected to drive the router and switch market growth. Attributes like flexibility along with application-focused customisation of network infrastructure are likely to support the technology shift from hardware solutions to software solutions. The growing use of the internet coupled with the rise in the utilisation of high-speed gigabit ethernet is expected to fuel the market growth.
With the surging adoption of power over ethernet (PoE) for diverse applications as well as the intersection of residential and business networks, the market is likely to bolster over the coming years. The increasing demand for enterprise WLAN equipment and surging adoption of virtualised technology coupled with the rise of Wi-Fi technology is likely to elevate the demand for the router and switch market due to the high connectivity of devices and networks.
The growing network traffic is expected to boom over the upcoming years as operators install faster networks, while consumers insert more devices into mobile networks. The increase in demand is due to the rise in smartphone utilisation and an upsurge in wireless devices in networks combined with the installation of faster networks like LTE and 3G/4G around the world.
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Router and Switch Industry Definition and Major Segments
Routers and switches both are network connecting devices that permit one or more than one computer to be linked to other computers, to other networks, or to other networked devices. Routers operate at the network layer and are accountable for discovering the shortest way for a packet around the network, whereas switches link different devices in a network. Routers connect devices across multiple networks.
The market can be broadly categorised on the basis of its product into:
Multiservice Edge Router
Ethernet Service Edge Router
ATM Switch
Service Provider Core Router
Internet Exchange Router
Others
On the basis of its services, the market can be divided into:
Ethernet Aggregation
Internet Data Centre/Collocation/Hosting
Ethernet Access
BRAS
Others
Based on region, the market is divided into:
North America
Latin America
Asia Pacific
Europe
Middle East and Africa
Router and Switch Market Trends
The global router and switch market is anticipated to register significant growth during the forecast period on account of the surging adoption of the IoT. The increase in the trend is likely to lead to a boost in the data and the demand for network infrastructure. Going further, the increasing cloud services are expected to increase the demand for efficient network infrastructure which is further creating a need for a routers and switches.
The increasing demand for intensive research and development has led to the progress of sophisticated high-end products, that are provided for ease of use and to deliver control for process requirements. Moreover, this has significantly enlarged the scale of services with bandwidth IP routing, which is further anticipated to bolster the market growth over the upcoming years.
Based on region, the North American region is holding significant growth in the router and switch market share due to advanced broadband infrastructure, surging backhaul investment along with increasing fixed broadband traffic and mobile data traffic. This growth in traffic is further encouraging service providers to upgrade their mobile backhaul, core networks, and aggregation along with access in the regions, especially in the United States. and Canada.
Meanwhile, the Asia Pacific region is expected to fuel the router and switch market growth during the forecast period on account of the surging demand for multi-screen delivery and high-definition content. China is holding a significant share in the market due to the increase in demand for high-definition content, and on-demand viewing, coupled with surging usage of smartphones and tablets, and the rising adoption of cloud applications.
Key Market Players
The major players in the global router and switch market report are Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Actelis Systems, Inc., ALE International, and ZTE Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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