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Router and Switch Market Will Generate More than 15.5 Billion USD of Revenue from North America Region

Author : Ronak Bora | Published Date : 2019-04-08 

North America router and switch market is expected to be worth USD 15.5 billion at a growing CAGR of 2% during the forecast timeframe. The surge is attributed to noticeable growth in backhaul investments in the region. Asia Pacific, China in particular is projected to witness a substantial growth due to increasing demand for high-definition content and multi-screen delivery.

The growing demand for utilization of wireless technology in day to day network communication applications like mobiles, internet & personal banking is predicted to promote the growth of the global router and switch market in future. Further, the rising demand for enterprise wireless local area network device is predicted to enhance the demand and growth of the global industry.

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Global Market Insights has segmented the router and switch industry on the basis of product, service and region.

Router And Switch Product Analysis (Revenue, USD Million, 2012 - 2022)

  • Internet Exchange Router
  • Service Provider Core Router
  • Ethernet Service Edge Router
  • Multiservice Edge Router
  • ATM switch

Router And Switch Service Analysis (Revenue, USD Million, 2012 - 2022)

  • BRAS
  • Ethernet Access
  • Ethernet Aggregation
  • Internet Data Center

Application-Specific Integrated Circuits (ASIC) along with software and hardware components offers precise solutions to satisfy the customer requirements. The advantages of ASIC are achieving the clients demand in terms of quality, scalability, cost of ownership and security. Booming urge for software solutions is driving the router and switch market demand.

Based on the product, the global router and switch market is bifurcated into Ethernet service edge router, internet exchange router, multiservice edge router, ATM switch, service provider core router and network termination equipment. As the information/data carriers become growingly dependent on Ethernet service to transfer IP traffic in their systems, demand for these Ethernet service edge products is predicted to grow during the estimated period. Depending upon service, global router and switch market is divided into broadband aggregation service, Ethernet access service, internet data centre service and Ethernet aggregation service.

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Ethernet service edge device is expected to exceed USD 10 billion by 2022. Service provider core router market was valued at USD 3 billion in 2014, and will witness growth owing to features such as low power consumption, high efficiency and optimized rack space.

In 2014, the Internet data center segment was valued at more than USD 12 billion and is likely to have substantial growth during forecast period owing to numerous benefits offered by the components such as space access and enhanced power. Broadband Access Aggregation (BRAS) is expected to exceed USD 10 billion by 2022 owing to rising demand for high speed network notably multiplayer gaming, video on demand, and digital audio.

Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics. Cisco Systems, Juniper Networks, Alcatel-Lucent, ZTE Corporation and Huawei Technologies are some of the major players in the router and switch market.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/router-and-switch-market-size

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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