Global Router and Switch Market are Forecast to Touch USD xx Billion by 2027, Growing at a CAGR of xx % From 2020 to 2027.
Published | 08 January 2021
According to BlueWeave Consulting, the Global Router and Switch Market has reached USD
xx Million in 2019 and is further projected to reach USD xx billion by 2027,
growing at a CAGR of xx% during the forecast period. The extensive application
of IT software, infrastructures, and network connections along with the
increased volume in traffic would bring the market to the next level. The
importance of routers and switches are brought up by their heavy usage with
network connections. Network switches are used in multiple settings, from Small
offices/Home offices to broadband, ATM, Ethernet LAN, fiber channel, and medium
to large LANs, and ITU-ghn. Although the routers are mostly used in enterprise
backbones, data centers, Layer 3 virtual private network (VPN), Multiprotocol
Label Switching (MPLS), and lastly in layer 2 metro networks.
Increase in use of internet among residential as well as private
(industrial, business sectors)
The increased application of internet and media traffic is
perpetually increasing, be it in the private, services sector or residential
(family and households). The growth will continue to take place in the future
as well. Also, the current boost is also creating stress to the demand and
supply chain to give the anticipated market growth in the forecast timespan.
Additionally, the presence of the wireless backhaul is there, creating a
perfect opportunity for the router and switch infrastructure to dive in and be
active in the market. The rising application of carrier Ethernet technology and
customers demanding more of the bandwidth is going to present another growth
factor.
Rise in the adoption of IoT connectivity systems
The increase in adoption of network infrastructures which has
accelerated the need for strong growth in the relevant market is since
industries and businesses nowadays need fast access to their respective and
miscellaneous data and information. This elevated use of network infrastructure
is putting a strain on the same that is why to improve this the additional
improvements are taking place with the aid of networking solutions like routers
and switches. Also, in recent years the IoT has been highly popular among the
industries (both related to un-related to e-commerce sectors), therefore the
inclusion of router and switch infrastructure will support the requirement of
high-speed internet/ connectivity access. Moreover, the rise in cloud-based services
and storage, which needs a stable network infrastructure will also be
supporting the demand for the global market.
North America to lead the market in the upcoming forecast period
As per the regional analysis, North America is projected to
dominate the router and switch market globally. It is due to the advanced
broadband infrastructure and the increasing investments in wireless
connectivity and IoT, facilitating the adoption of homes and office PCs,
smartphones, and tablets at residential sectors, institutions, workplaces, etc.
Creating a good share of demand for robust network architecture capable of
supporting an array of devices.
The competitive
landscape is shared by the global players
such as Alcatel-Lucent, Avici Systems, Cisco Systems, Inc., ECI Telecom,
Ericsson, Extreme Networks, by Actelis Networks, ADTRAN Inc, ADVA Optical
Networking SE, Force, Networks, ZTE Corporation, RAD Data Communication
Networks, Hatteras Networks, Inc., MRV Communications Inc., Telco Systems,
Huawei Technologies Co. Ltd., Juniper Networks, Tellabs Inc., among various
others.
Do not miss the business opportunity of the Global Router and
Switch Market Consult our analyst, gain crucial insights, and facilitate your
business growth.
The in-depth analysis of the report provides the growth
potential, upcoming trends, and statistics of the Global Router and Switch Market size
& forecast. The report promises to provide state-of-the-art technology of
the Global Router and Switch Market and industry insights, which help decision-makers
to make sound strategic decisions. Furthermore, the report also analyzes the
market drivers, challenges, and competitive analysis of the market.
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