Press release
Router And Switch Market Focuses On Top Manufacturers - ADTRAN, ADVA Optical Networking, Alcatel-Lucent, ECI Telecom, Ericsson, Extreme Networks, Force10 Networks, Juniper Networks, RAD Data Communications, Telco Systems, Tellabs
Router And Switch Market
Router And Switch Market are projected to reach USD 41.02 billion by 2022, as per a new research report by Global Market Insights, Inc. Flourishing usage of cloud based computing solution is anticipated to propel industry growth. Features such as flexibility and application-driven customization of network infrastructure are expected to justify the shift in technology from hardware solutions to software solutions.
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Ethernet service edge router market was valued at USD 9.62 billion in 2014 and it is likely to reach USD 12.63 billion by 2022. Application-Specific Integrated Circuits (ASIC) are combined with hardware as well as software elements to meet customer requirements such as quality, total scalability, cost of ownership, experience and security requirements. BYOD market growth is anticipated to boost demand by offering numerous benefits such as cost reductions, employee satisfaction as well as better productivity.
Internet Exchange Router was valued at USD 13.04 billion in 2014 and it is forecast to reach USD 16.37 billion by 2022. The spur in demand can be subjected to its property of being the basic building block of the internet. Service provider core router was valued for USD 3.13 billion in 2014. It is estimated to grow at a CAGR of 2.8% from 2015 to 2022 due to optimized power consumption and high efficiency furnished by the system.
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Regional Overview: -
North America router and switch industry is expected to be worth USD 15.5 billion at a growing CAGR of 2% during the forecast timeframe. The surge is attributed to noticeable growth in backhaul investments in the region. Asia Pacific, China in particular is projected to witness a substantial growth due to increasing demand for high-definition content and multi-screen delivery.
Asia Pacific router and switch market share accumulated over 25% of the overall revenue in 2014 and is expected to reach USD 10.79 billion by 2022, owing to rising demand for high-definition content as well as multi-screen delivery.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/router-and-switch-market-size
Major industry participants: - Actelis Networks, ADTRAN, ADVA Optical Networking, Alcatel-Lucent, Avici Systems, Cisco, ECI Telecom, Ericsson, Extreme Networks, Force10 Networks, ZTE Corporation, Hatteras Networks, Huawei Technologies, Juniper Networks, MRV Communications, RAD Data Communications, Telco Systems, Tellabs
Related Report: - Display Market Generate A Revenue Pocket of USD 20 Billion by 2024
https://www.marketwatch.com/press-release/display-market-generate-a-revenue-pocket-of-usd-20-billion-by-2024-2019-02-12
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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