Virtual Router Market Size, Trends | Growth 2032

The Router And Switch Global Market Report 2023, provides comprehensive information on the router and switch market 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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https://www.thebusinessresearchcompany.com/report/router-and-switch-global-market-report

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%.

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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 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

North America was the largest region in the router and switch market in 2022.

The table of contents in TBRC’s router and switch market report 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

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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
28. Router And Switch Market Future Outlook and Potential Analysis
29. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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