Router and switch market size worth USD 41.02 billion by 2022: Global Market Insights Inc.

Market Size - $32.15 bn in 2014, Market Growth - CAGR of 2.9%, Market Trends – Increasing usage of WiFi technology

| Source: Global Market Insights

Ocean View, Delaware, July 24, 2016 (GLOBE NEWSWIRE) --

The global router and switch market volume is predicted to cross $ 41000 million by end of the forecasted period. It is predicted to register CAGR of 2.9 % during the projected period.Wi-Fi hotspots & Wi-Fi enabled stations, broadband highways and tech-savvy campuses are predicted to contribute towards the growth & expansion of global router and switch market. The global router and switch market is witnessing substantial expansion due to factors like convergence of business & residential networks, video and Ethernet carriers. This trend is predicted to persist in future. Growing rise in use of bandwidth and Ethernet technique is one of the main factors promoting the growth of global router and switch market.

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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.

Growing demand for internet enabled equipments, development of cloud networks, growing use of cloud computing solutions and growing acceptance of virtual technology are few of the factors predicted to promote the growth of the global router and switch market.

Rising demand for rigorous research & development activities has resulted in manufacture of modernized high end user friendly products that meet process needs. This has significantly enlarged the extent of bandwidth of advanced IP routing activities and this is predicted to boost the growth of the router and switch market in future.

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.

Growing preference of firms demanding rapid network services at reasonable costs for connecting workers, data centres and branch offices is predicted to stimulate the Ethernet access service growth and demand during forecasted period.

Based on the geographical locations, global router and switch market is bifurcated into North American subcontinent, APAC zone, European continent and rest of the world.

The subcontinent of North America contributed maximum share to the total share of the global router and switch market in 2014. The reason behind the growth of the market in the subcontinent is due to the backhaul investments in mobile technology growing significantly in US as service providers buy the products for fulfilling the data demand though different LTE enabled equipments/tools.

Further, the growth of the market in North America can be attributed to factors like growing broadband and mobile data traffic forcing service providers to upgrade their mobile backhaul, broadband aggregation, core network and broadband access in regions of US and Canada of North America.

Browse key industry insights spread across 187 pages with 58 market data tables & 52 figures & charts from the report, “Router And Switch Market Size By Service (Ethernet Aggregation, BRAS, Ethernet Access, Internet Data Center/Hosting), By Product (Service Provider Core Router, Internet Exchange Router, Multiservice Edge Router, ATM Switch, Ethernet Service Edge Router) Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022in detail along with the table of contents:

The enhanced growth of the router and switch market in China due to large scale growth of data and video for residential customers and firms in China is predicted to contribute towards the demand & growth of the router and switch market in APAC zone.

The growth of data and video in China is due to growing demand for high definition content, multi screen delivery and growing use of tablets & smartphones along with growing acceptance of cloud applications.

Softness in public sector vertical in Europe acts as a key inhibitor hampering the growth of the router and switch market in Europe. Lower end equipment replacements are predicted to inhibit the growth of the router and switch industry in Europe.

Router and switch market share is highly consolidated by top five industry participants, accounting for more than 94% of the overall industry share in 2014. Cisco Systems accounted for 67.5% of the overall industry share in 2014. Other Key industry participants include Alcatel-Lucent, Juniper Networks, Huawei Technologies, and ZTE Corporation among others.

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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

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • MEA

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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.

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