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.
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.
U.S. router and switch market size by product, 2012-2022 (USD Million)
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.
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.
Key industry players involved in the business and supporting the growth of the global router and switch market are as follows:
• ADTRAN Incorporation
• Alcatel-Lucent
• ECI Telecom
• Extreme Networks
• ZTE Corporation
• Hatteras Networks Incorporation
• Tellabs Incorporation
• Huawei Technologies Corporation Limited
• RAD Data Communication Networks
• Juniper Networks
• Actelis Networks
• ADVA Optical Networking SE
• Cisco Systems
• Ericsson
• Force10 Networks
• MRV Communications Incorporation
• Telco Systems
• Avici Systems
Download a sample copy of this report: https://www.gminsights.com/request-sample/detail/174