San
Francisco, 10 September 2018 - The global router and switch market is expected to reach USD
41.03 billion by 2022, according to a new study by Grand View Research, Inc.
High scale network infrastructure modernization across residential and
commercial applications is anticipated to drive growth over the forecast
period.
Growing demand for high speed internet along with
technological advancements such as big data solutions, SDN, and cloud computing
are expected to positively impact demand for the router and switch market.
Owing to upgrading in technology along with shift in demand from hardware
networking solutions to software-based solutions is expected to propel demand
for core Ethernet devices.
Shift towards Bring Your Own Device (BYOD) market is
propelling companies to increase their allocation of IT budgets for enhancing
network security. Owing to increased usage of mobile and other electronic
devices at work, there is an increased need to strengthen the network security
for effectively managing and supporting the devices combined with mitigating the
threat of an outside attack.
However, network failure and hardware inefficiencies
with configuration of multiple platforms are expected to hamper the router and
switch market.
Full
Research Report On Global Router And Switch Market By Grand View
Research:
Further
key findings from the study suggest:
- Internet exchange routers market accounted for
over 40% of the overall consumption in 2014 and is expected to shrink over
the next seven years. High adoption rates of carrier Ethernet services
have been leading to growing competition among operators, which results in
their need to differentiate their offering.
- Multiservice edge router market is expected to
grow at a CAGR of 3.4% from 2015 to 2022. It supports a variety of communication
technologies, including frame relay, Integrated Services Digital Network
(ISDN) and T1 circuits which is further expected to boost sales.
- The overall service provider routing industry
is expected to shrink over the forecast period. However, growing demand
for core devices with technologies such as 100 GB Ethernet becomes
affordable as well as service providers complete their evaluations of
latest core routing platform. Trends in carrier Ethernet, IP TV and
multiservice networking are expected to drive edge router demand to over
USD 18 billion by 2022. Ethernet service delivery to enterprises is
another prime key growth factor for these products.
- The service provider edge router industry is
expected to grow at a steady rate as several service providers continue to
deploy these for LTE backhaul networks, however, other service providers
cut down on investment into the fixed IP traffic networks.
- The industry primarily includes services such
as BRAS, Ethernet access, Ethernet aggregation, and internet data center.
The internet data center segment was valued over USD 3 billion in 2014 and
is expected to lose share over the forecast period.
- Asia Pacific router and switch market is
expected to witness significant growth over the forecast period. It
accounted for over 25% of the industry share in 2014 and is estimated to
exhibit high growth prospects over the next seven years. India router and
switch market is expected to outpace the other regional segments, growing
at a CAGR of over 6.5% from 2015 to 2022. This growth is attributable to
the various initiatives and framing of tenders for government projects in
the wireless infrastructure along with huge investments to build their
backhaul for expansions and new network build-outs.
- Notable manufacturers include Huawei, Juniper
Networks, Cisco, ZTE Corporation and Alcatel-Lucent. Huawei is directing
its R&D efforts by manufacturing quality equipment at lower prices
along with strengthening its foothold in developed economies such as North
America.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand View Research has segmented the router and switch market on the
basis of product, service and region:
Router and
Switch Product Outlook (Revenue, USD Million, 2012 - 2022)
- Internet
Exchange Router
- Service
Provider Core Router
- Multiservice
Edge Router
- Ethernet
Service Edge Router
- ATM
Switch
Router and
Switch Service Outlook (Revenue, USD Million, 2012 - 2022)
- BRAS
- Ethernet
Aggregation
- Ethernet
Access
- Internet
Data Center
- Others
Router and
Switch Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/router-switch-market
www.grandviewresearch.com/press-release/router-switch-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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