Press release
Router and Switch Market in North America Region is Likely to Generate Revenue of USD 15.5 Billion by 2022 | Key Players are ADTRAN, ADVA Optical Networking, Alcatel-Lucent, Cisco, Ericsson, Extreme Networks, ZTE Corporation, Juniper Networks, Telco Syste
Router and Switch Market
The Router And Switch market is estimated to be worth USD 41.02 billion by 2022. The report is a professional and detailed qualitative market research on the current scenario of the key regional markets. It also features a comprehensive discussion about the market trends, aspects like drivers, restraints, opportunities, challenges that impact SP switching and routing device market. The boom in adoption to cloud computing solutions is likely to propel the Router and switch segment.
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The growing demand for utilization of wireless technology in day to day network communication applications like mobiles, internet & personal banking is predicted to promote the growth of the global router and switch market in future. Further, the rising demand for enterprise wireless local area network device is predicted to enhance the demand and growth of the global industry.
Key industry players involved in the business and supporting the growth of the global 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
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Rising demand for rigorous research & development activities has resulted in manufacture of modernized high end user friendly products that meet process needs. This has significantly enlarged the extent of bandwidth of advanced IP routing activities and this is predicted to boost the growth of the router and switch market in future.
Based on the product, the global router and switch market is bifurcated into Ethernet service edge router, internet exchange router, multiservice edge router, ATM switch, service provider core router and network termination equipment. As the information/data carriers become growingly dependent on Ethernet service to transfer IP traffic in their systems, demand for these Ethernet service edge products is predicted to grow during the estimated period. Depending upon service, global router and switch market is divided into broadband aggregation service, Ethernet access service, internet data centre service and Ethernet aggregation service.
Key market participants are profiled in the report with comprehensive analysis of business strategies, products and services, current trends and finance metrics. Cisco Systems, Juniper Networks, Alcatel-Lucent, ZTE Corporation and Huawei Technologies are some of the major players in the router and switch market.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/router-and-switch-market-size
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.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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