Router and Switch Market to See Good Times Ahead - Trends & Impacts | Key Players are ADTRAN, ADVA Optical Networking, Alcatel-Lucent, Cisco, ECI Telecom, Ericsson, Extreme Networks, ZTE Corporation, Huawei Technologies, Juniper Networks, Tellabs

The global router and switch market volume is predicted to cross $ 41000 million by end of the forecasted period. It is predicted to register CAGR of 2.9 % during the projected period.Wi-Fi hotspots & Wi-Fi enabled stations, broadband highways and tech-savvy campuses are predicted to contribute towards the growth & expansion of global router and switch industry. The global router and switch industry is witnessing substantial expansion due to factors like convergence of business & residential networks, video and Ethernet carriers. This trend is predicted to persist in future. Growing rise in use of bandwidth and Ethernet technique is one of the main factors promoting the growth of global router and switch market.

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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.

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.

Fast network deployment is aiding to increase in number of mobile devices. Spur in router and switch market is witnessed due to rise in number of smart phones, wireless devices, and networks such as 3G,4G, and VoLTE.

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 device is expected to exceed USD 10 billion by 2022. Service provider core router market was valued at USD 3 billion in 2014, and will witness growth owing to features such as low power consumption, high efficiency and optimized rack space.

In 2014, the Internet data center segment was valued at more than USD 12 billion and is likely to have substantial growth during forecast period owing to numerous benefits offered by the components such as space access and enhanced power. Broadband Access Aggregation (BRAS) is expected to exceed USD 10 billion by 2022 owing to rising demand for high speed network notably multiplayer gaming, video on demand, and digital audio.

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.

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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