The global router and switch market is poised for robust growth from 2023 to 2028. Q1 of 2021 saw ethernet switch market revenue at USD 3 billion and enterprise and service provider (SP) router market revenue at USD 3 billion.
North America leads the router and switch market, driven by the work-from-home trend, necessitating strong network mechanisms and advanced broadband infrastructure.
The Asia Pacific region expects steady growth due to increased demand for on-demand viewing and rising usage of tablets, laptops, and smartphones. However, weak markets in some European regions and softness in the public sector vertical may hinder router and switch market growth.
Routers and switches play critical roles in network interconnection, evolving beyond their traditional functions. Routers transfer data packets between networks, while switches connect devices, employing packet switching for data exchange.
The major products of router and switch are:
Multiservice Edge Router
Ethernet Service Edge Router
Internet Exchange Router
Service Provider Core Router
The market can be broadly categorised based on its service into:
Internet Data Centre/Collocation/Hosting
The EMR report looks into the regional markets of the router and switches like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Adoption of Cloud-Based Solutions is Aiding the Market Growth of Router and Switch
The global market for routers and switch is being driven by the rising usage of video, carrier ethernet, and the convergence of residential and business networks. Moreover, significant growth in wireless backhaul products, which have emerged as a popular consumer choice is predicted to aid the market growth. The growing preference for work-from-home culture is boosting the product demand in domestic applications. The rising number of e-retailers, coupled with the rapid spread of Wi-Fi spots across emerging countries, is providing an impetus for the market growth of the product. Furthermore, the growing dependence on cloud-based solutions is predicted to provide positive prospects for the market growth. Such developments in the router and switch industry are aiding the growth of the market.
Key Industry Players in the Global Router and Switch Market
The report presents a detailed analysis of the following key players in the global router and switch market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
Cisco Systems, Inc.
Telefonaktiebolaget LM Ericsson
Huawei Technologies Co., Ltd.
Actelis Systems, Inc.
The global router and switch market is being driven by the rising dependence on cloud-based solutions. Aided by the growing work-from-home trend, the ethernet switch market revenue reached USD 3 billion in the Q1 of 2021.
EMR employs an exhaustive research approach, delving into the IT market’s macro and micro aspects. The product segmentation includes multiservice edge routers, ATM switches, ethernet service edge routers, internet exchange routers, and service provider core routers, among others. Service-wise, it encompasses ethernet aggregation, internet data center/collocation/hosting, ethernet access, and BRAS, among others. Key regional markets are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Prominent players include Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Actelis Systems, Inc., ALE International, and ZTE Corporation, among others.
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