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Global Router And Switch Market Size and Forecast 2024-2033|Cisco Systems Inc., Alcatel-Lucent Enterprise, Huawei Technologies Co Ltd., Juniper Networks, Actelis Networks Inc

The Router And Switch by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Router And Switch , The router and switch market size has grown strongly in recent years. It will grow from $11.36 billion in 2023 to $12.15 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rapid growth of internet usage, expanding data centers, telecommunication network expansio, mobile network evolution, cybersecurity concerns.

The router and switch market size is expected to see strong growth in the next few years. It will grow to $16.24 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to smart city initiatives, digital transformation initiatives, network virtualization, e-commerce boom, remote learning, environmental sustainability.. Major trends in the forecast period include 5g network rollout, edge computing expansion, transition to wi-fi 6 (802.11ax), software-defined networking (sdn), cybersecurity integration, cloud connectivity and hybrid cloud networks.

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. For instance, according to a report published by O’Reilly Media, Inc., a UK-based provider of technology and business knowledge, in 2021, 90% of respondents worldwide claimed that their businesses use the cloud. At least 75% of those surveyed work for companies that use the cloud across all industries. A public cloud is used by 67% of respondents, whereas a private cloud is used by 45%. Therefore, growing dependence on cloud-based solutions is driving the growth of the router and switch market.

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The router and switch market covered in this report 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. Global Router And Switch Market Size and Growth

26. South America Router And Switch Market

27. Brazil Router And Switch Market

28. Middle East Router And Switch Market

29. Africa Router And Switch Market

30. Router And Switch Market Competitive Landscape And Company Profiles

Top Major Players: