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Router and Switch Market 2022: Key Companies Actelis Networks, ADTRAN Inc, ADVA Optical Networking SE, Alcatel-Lucent, Avici Systems, Cisco Systems, ECI Telecom, Ericsson, Extreme Networks, Force

03-20-2020 05:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Router and Switch Market

Router and Switch Market

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.

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.

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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 industry is divided into broadband aggregation service, Ethernet access service, internet data centre service and Ethernet aggregation service.

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Softness in public sector vertical in Europe acts as a key inhibitor hampering the growth of the router and switch market in Europe. Lower end equipment replacements are predicted to inhibit the growth of the router and switch industry in Europe.

Key industry players involved in the business and supporting the growth of the global router and switch market are as follows:

o ADTRAN Incorporation
o Alcatel-Lucent
o ECI Telecom
o Extreme Networks
o ZTE Corporation
o Hatteras Networks Incorporation
o Tellabs Incorporation
o Huawei Technologies Corporation Limited
o RAD Data Communication Networks
o Juniper Networks
o Actelis Networks
o ADVA Optical Networking SE
o Cisco Systems
o Ericsson

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