Home > Electronics & Media > Router and Switch Market
Industry Trends
Router and Switch Market size exceeded USD 30 billion in 2014 and will register gains at over 2% from 2015 to 2022.
To get more details on this report: Request Free Sample PDF
The enterprises are rapidly migrating their businesses to digital platforms, which accelerated the need for a robust network architecture that can ease the accessibility of data within a network. They are experiencing strain on their network infrastructure due to increasing connectivity requirements and the growing amount of corporate information resources. To improve the network’s security and resiliency, they are deploying networking solutions such as routers and switches. The rising demand for connecting remote office locations and data centers is expected to fuel the adoption of Ethernet cables, high-performance routers, and other networking devices.
Report Coverage | Details |
---|---|
Base Year: | 2014 |
Market Size in 2014: | 30 Billion (USD) |
Forecast Period: | 2015 to 2022 |
Forecast Period 2015 to 2022 CAGR: | 2% |
2022 Value Projection: | 40 Billion (USD) |
Historical Data for: | 2012 to 2014 |
No. of Pages: | 187 |
Tables, Charts & Figures: | 110 |
Segments covered: | Service, Product and Region |
To get more details on this report: Request Free Sample PDF
Another factor augmenting the router and switch market growth is the rise in mobile data traffic owing to the surge in smartphone penetration and the deployment of networks, such as 3G and LTE, across the globe.
To get more details on this report: Request Free Sample PDF
The multiservice edge router market will grow at a CAGR of above 2% over the forecast timeline as it is widely used by enterprises to improve the operational efficiency of their networks. Multiservice edge routers provide distinct benefits compared to traditional edge routing technology by transporting IP packets efficiently, ensuring high service availability and delivering a full suite of traditional and emerging services on the IP/MPLS network. The companies present in the market are offering multiservice edge routers for fixed & mobile network infrastructure. These products enable them to extend cost-effective, Ethernet-optimized infrastructure to the network edge and facilitate traffic over high-bandwidth Ethernet links.
To get more details on this report: Request Free Sample PDF
The Ethernet access service market is estimated to grow at a CAGR of around 4% over the forecast timeline. Ethernet technology is a widely preferred access service due to its high performance and cost benefits. The service providers operating in the market are offering WAN Ethernet services at affordable pricing plans to enable customers to connect to their global sites with plug-and-play Ethernet connections. This also helps them in avoiding congestion experienced on other Multiprotocol Label Switching (MPLS) networks.
North America is projected to hold a dominant router and switch market share by 2022 due to the advanced broadband infrastructure and the rising investment in wireless communication technologies. This will facilitate the adoption of smartphones, PCs, and tablets at the workplace, resulting in high demand for robust network architecture capable of supporting a myriad of devices. The global players operating in the market are also expanding their presence in the region by offering new products to cater to the customers’ needs, further supporting market growth. For instance, in November 2015, Hitachi Cable America Inc. introduced ApresiaRM25000 Carrier Ethernet Switch Series for the North American customers. The new switch series is based on the latest switching technologies and is suitable for remote deployments in uncontrolled environments.
Competitive Market Share
The router and switch industry include a wide range of established and emerging companies focusing on new product developments. The market is dominated by major players including Cisco, Huawei, Ericsson, and Alcatel-Lucent who are vigorously investing in R&D activities to support product innovation to stay ahead of their competitors. For instance, in September 2015, Alcatel-Lucent introduced 7750 SR-e series to its family of IP routers to meet the needs of its customers worldwide. The new series helped to extend the benefits of service routing and increased the performance of enterprise networks.
Some of the key players operating in the router and switch market are Actelis Networks, Alcatel-Lucent, ADTRAN Inc, ECI Telecom, Extreme Networks, Force10 Networks, ZTE Corporation, Huawei Technologies Co. Ltd., Juniper Networks, RAD Data Communication Networks, Tellabs Inc., Telco Systems, and Ericsson.
Industry Background
Information technology has put a tremendous impact on networks and affected the way people communicate, interact, and do business. This transformation has taken place due to the advent of various networking architectures and related technologies. Changes in networking technology have transformed the way enterprise networks communicate with remote devices. To enable the efficient transfer of data from sender to receiver, a network uses various routing and switching techniques. The rising adoption of smartphones and tablets has further accelerated the need to use routers and switches to improve the efficiency and resiliency of the network.