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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