Global Router And Switch Market Size and Forecast 2023-2032|Cisco Systems Inc., ALE International, Huawei Technologies Co. Ltd., Juniper Networks, Actelis Networks Inc.

The Router And Switch Global Market Report 2023 by The Business Research Company, provides router and switch market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Router And Switch Global Market Report 2023, the global router and switch market size is expected to grow from $10.61 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global router and switch market size is expected to reach $14.97 billion in 2027 at a CAGR of 7.1%.

Growing dependence on cloud-based solutions is expected to boost the growth of the router and switch market going forward. A cloud-based solution uses the Internet to deliver computing resources as needed. Cloud routers make it possible for cloud service providers to connect in a private, fast, and secure manner; hence, growing dependence on cloud-based solutions is expected to boost the router and switch market.

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The router and switch market is segmented:

1) By Product: Internet Exchange Router, Multiservice Edge Router, Ethernet Service Edge Router, Service Provider Core Routers, ATM Switch, Other Products

2) By Service: Ethernet Aggregation, Internet Data Center/Collocation/Hosting, Ethernet Access, Broadband Remote Access Server (BRAS)

3) By Application: Residential, Commercial

Product innovation is the key trend gaining popularity in the router and switch market. Major companies operating in the router and switch market are focusing on developing new products to strengthen their position in the market. For instance, in February 2022, Cisco Systems, Inc., a US-based provider of information technology and networking services, launched the 9000X series of switches. The unique feature of 9000X series switches is that they combine a powerful Catalyst switch with Cisco Silicon One to give top performance and speeds along with the security required for hybrid work. New Catalyst 9000X models expand the switching family and provide the backbone needed to handle 100G/400G network access for campus-wide transitions to hybrid work as well as branch extension with zero-trust security and power efficiency.

The router and switch market report table of contents includes:

1. Executive Summary

2. Router And Switch Market Characteristics

3. Router And Switch Market Trends And Strategies

4. Router And Switch Market – Macro Economic Scenario

5. Router And Switch Market Size And Growth

26. Africa Router And Switch Market

27. Router And Switch Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Router And Switch Market

29. Router And Switch Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: