Press release
Router and Switch Market in Ethernet Service Edge Router is Projected to Reach USD 12.63 billion by 2022 | ADTRAN, ADVA Optical Networking, Alcatel-Lucent, Cisco, ECI Telecom, Ericsson, Extreme Networks, Force10 Networks, Juniper Networks, MRV Communicati
Router and Switch Market
Application-Specific Integrated Circuits (ASIC) along with software and hardware components offers precise solutions to satisfy the customer requirements. The advantages of ASIC are achieving the clients demand in terms of quality, scalability, cost of ownership and security. Booming urge for software solutions is driving the router and switch market demand.
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Substantial number of businesses across the world are encouraging application of BYOD use thereby facilitating their workers to carry their own devices allowing employees to make fast decisions and access real time data. BYOD segment is the key factor for security enhancement systems to tackle complex situations owing companies to invest in IT. Moreover, it has benefits such as employee satisfaction, better productivity, and cost reductions which will support the router and switch market growth.
The Major Key Players in the router and switch market are as follows:
• 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
Internet protocols are large scale networks carrying bulk data. Thus, network failure may lead to huge amount of losses. High costs are involved in regular maintenance of the hardware components and upgradation of software solutions. These excessive costs may restrict the router and switch market growth rate.
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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.
North America router and switch market 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.
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Router and switch market participants are Huawei Technologies, Alcatel-Lucent, Juniper Networks, Cisco Systems, and ZTE Corporation, wherein Cisco Systems which mainly deals in network component sales.
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