USD 15.8 billion
Report ID: SQSG45J2020 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 69 | Figures: 75
Global Router And Switch Market size was valued at USD 15.8 billion in 2021 and is poised to grow from USD 16.93 billion in 2022 to USD 23.2 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).
Both switches and routers are used to connect networks. While switches connect different devices in a network, routers operate at the network layer and are tasked with determining the quickest path for packets. A switch is a device that gives local area network devices connections points (LAN). On a single network, several devices are connected using switches. Switches can be utilised to build more complex networks. Compared to routers, switches are typically employed in larger networks.
A router is linked to at least two networks, typically two LANs, WANs, or LANs as well as the network of the ISP. Multiple home and small office networks are linked to the Internet using routers. Routers are used by big enterprises, schools, and other organisations to connect their local area networks.
US Router And Switch Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 15.8 billion
Broadband Aggregation (BRAS)
Broadband Aggregation (BRAS)
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Router and Switch Market are segmented based on the product, service, and region. Based on the product, the global router and switch market are segmented as internet exchange router, service provider core router, multiservice edge router, ethernet service edge router, ATM switch, and others. Based on service, the global router and switch market is segmented as Broadband Aggregation (BRAS), Ethernet Aggregation, Ethernet Access, Internet Data Center/Collocation/Hosting, and Others. Based on region Router and Switch Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Router and Switch Market Analysis by Product
Based on the product, internet exchange, multiservice edge, ethernet service edge, service provider core routers, and ATM switch are examples of major products. Over the projection period, demand for these goods is anticipated to rise as carriers depend more and more on Ethernet to transport IP traffic in their networks.
For the delivery of carrier-class services, such as interactive, data, phone, and video content delivery, multiservice edge solutions are created and optimized. By combining BRAS, Ethernet aggregation, and IP/MPLS Provider Edge (PE) features on a single small platform, it streamlines and consolidates the edge of the service provider network. High-performance multicast routing paired with a wide variety of outside and internal gateway-routing protocols is supported by multiservice edge devices. It can be used in applications like peering, edge aggregation, and service routing that require high-performance IP routing.
Router and Switch Market Analysis by Services
The global router and switch market has been segmented on the basis of services as, Broadband Aggregation (BRAS), Ethernet Aggregation, Ethernet Access, Internet Data Center/Collocation/Hosting and others. Over the forecast period, the Ethernet access services segment is anticipated to expand at a CAGR of about 4%. Because of its great performance and economic advantages, Ethernet technology is a highly preferred access service. To enable consumers to connect to their international sites with plug-and-play Ethernet connections, the service providers active in the market are providing WAN Ethernet services at cheap pricing plans. Additionally, they are able to escape the congestion that other Multiprotocol Label Switching (MPLS) networks encounter.
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Due to the expanding trend of working from home, North America is anticipated to rank among the top regions in the global market for routers and switches over the forecast period. The market for routers and switches is anticipated to be driven by advanced broadband infrastructure and the requirement for a robust network mechanism to sustain convenient workflow.
In the next two years, 20 to 30% of the US workforce is anticipated to spend more than a week working from home, according to Global Workplace Analytics. Thus, it is anticipated that this factor will have a substantial effect on the expansion of the router and switch market in North America. In addition, modernised broadband infrastructure and the requirement for a dependable network system to support a variety of devices are anticipated to aid the market growth.
Also, due to the rising demand from both small and large businesses, Asia Pacific is another important market for routers and switches. The forecast period is expected to see the region develop at a sizable CAGR.
The growing desire for on-demand viewing on a global scale, as well as the increased use of tablets, laptops, and smartphones, are driving the industry in the region. However, it is anticipated that the market growth for routers and switches in the upcoming years would be constrained by weakness in the public sector vertical along with the sluggish market in several regions of Europe due to the possibility of substitution from lower-end devices.
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Router and Switch Market Driver
Router and Switch Market Restraint
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A large variety of well-established and newly-emerging businesses that concentrate on new product innovations make up the router and switch industry. Major businesses like Cisco, Huawei, Ericsson, and Alcatel-Lucent dominate the market and are actively investing in R&D operations to promote product innovation and stay one step ahead of their rivals. With the increasing demand in the worldwide industry, market participants in the router and switch market may expect to have attractive growth prospects in the future.
Top Players in the Global Router and Switch Market
Router and Switch Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global router and switch market analysis, in terms of services, Ethernet access services is anticipated to expand at a CAGR of about 4%. The rising use of fast Gigabit Ethernet is what is fueling the expansion of the global router and switch market. It is projected that the growing use of PoE for a variety of applications and the convergence of residential and commercial networks would propel the growth of the global router and switch market.
|Market size value in 2021||USD 15.8 billion|
|Market size value in 2030||USD 16.93 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Router And Switch Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Router And Switch Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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