Router and Switch Market Trends

Report ID: GMI174
   |
Published Date: February 2025
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Report Format: PDF

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Router and Switch Market Trends

  • The growing trend of IoT and smart devices demands a robust network infrastructure, thus compelling the usage of modern routers and switches. The applications on these IoT devices are data dependent, and these need low latencies to communicate & perform. The advanced routers and switches ensure a robust network connection allowing seamless integration of devices.
     
  • With the growth of the hybrid and remote work models in businesses, there is a greater demand for a network solution. Such work models provide employees with access to the organizational network remotely. Routers and switches also help employees in working by offering a fast and secure network so that data flow will be smooth without any hindrances.
     
  • There is an emerging trend toward expanding data center infrastructure to satisfy demands for cloud computing, AI workloads, and big data analytics. For instance, in March 2024, Pulsant invested over USD 5.7 million to expand its data centre in UK. This results in an increased need for high-speed low-latency switches and routers with 400G and 800G capacities to process enormous volumes of traffic in distributed cloud environments. It further creates the need for faster speed and capacity switches and routers.
     
  •  The adoption of AI across various industries that rely on high-speed networking and advanced 5G technologies for complex data processing is one of the key trends. There is a high volume of data generated by applications of AI, which needs to be processed, transmitted, and analysed effectively. These applications create a need for high-speed connectivity and low latency and intelligent network management through advanced routers and switches.
Authors: Suraj Gujar, Saptadeep Das
Frequently Asked Question(FAQ) :
How big is the Router and switch market?
The market for router and switch was valued at USD 54.4 billion in 2024 and is expected to reach around 102.5 billion by 2034, growing at 6.6% CAGR through 2034.
Who are the key players in router and switch industry?
How much market size is expected from North America router and switch market by 2034?
What is the size of LAN network segment in the router and switch industry?
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    Base Year: 2024

    Companies covered: 24

    Tables & Figures: 560

    Countries covered: 19

    Pages: 220

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