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SP Routing & Ethernet Switching Market Trends

  • Report ID: GMI9151
  • Published Date: Apr 2024
  • Report Format: PDF

SP Routing & Ethernet Switching Market Trends

SDN is gaining traction as service providers seek more agile, flexible, and programmable networking solutions. SDN separates the control plane from the data plane, allowing for centralized management and orchestration of network resources. This trend enables greater automation, scalability, and customization of network services, leading to improved operational efficiency and faster service delivery. Furthermore, to cater to the complex requirements of consumers, several companies are striving to launch new products and solutions.
 

For instance, in June 2023, IP-COM introduced its new enterprise routers M80 & M50. The M80 is a Gigabit enterprise router developed for high-requirement users including hotels, enterprises, and community bandwidth operations. The router is furnished with a dual-core special 1.4GHz dual-core network processor with 4GB of high-speed DDR3 RAM. It embraces IP-COM enterprise system firmware utilizing a built-in intelligent AP management system, which can distribute and maintain automatic AP configuration. It enables WEB account password authentication, PPPoE Server access authentication mode, WEB key authentication, and a few other securities that can satisfy the access authentication requirements under different scenarios.
 

Intent-based Networking is emerging as a transformative trend in the industry, promising to simplify network management and operations. IBN utilizes automation, Machine Learning (ML), and Artificial Intelligence (AI) to interpret high-level business intent and translate it into network policies and configurations. By aligning network behavior with business objectives, IBN enhances agility, reliability, and security while reducing manual configuration errors and troubleshooting time. As a result, many service providers are exploring IBN solutions to streamline their operations and enhance customer experience.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for SP routing & ethernet switching recorded over USD 10.5 billion in 2023 and is expected to depict over 8.3% CAGR from 2024 to 2032, on account of the proliferation of connected devices and the increasing adoption of cloud services.

The NAT routing technology segment in the SP routing & ethernet switching industry is estimated to register over 8.5% CAGR from 2024 to 2032, owing to its high importance in the realm of internet connectivity.

North America industry accumulated over 35% share in 2023 and is projected to expand at notable pace between 2024 and 2032, due to the proliferation of 5G networks, increasing demand for cloud-based services, and the rise of SDN.

ABB Ltd., Eaton Corporation PLC, Ensto Group, Fuji Electric Co., Ltd., G&W Electric Company, and Legrand SA are some of the key SP routing & ethernet switching companies worldwide.

SP Routing & Ethernet Switching Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 285
  • Countries covered: 22
  • Pages: 230
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