Press release
Router And Switch Market 2023- Industry Trends, Share, Size, Key Drivers, Top Major Players, And Forecast To 2032
Router And Switch Market Analysis
Router And Switch Market Size, Growth Rate, And Forecast
The global router and switch market size is expected to grow from $10.61 billion in 2022 to $11.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global router and switch market size is expected to reach $14.97 billion in 2027 at a CAGR of 7.1%.
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Router And Switch Market Drivers
Growing dependence on cloud-based solutions is expected to boost the growth of the router and switch market going forward. A cloud-based solution uses the Internet to deliver computing resources as needed. Cloud routers make it possible for cloud service providers to connect in a private, fast, and secure manner; hence, growing dependence on cloud-based solutions is expected to boost the router and switch market.
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Router And Switch Market Segments
1) By Product: Internet Exchange Router, Multiservice Edge Router, Ethernet Service Edge Router, Service Provider Core Routers, ATM Switch, Other Products
2) By Service: Ethernet Aggregation, Internet Data Center/Collocation/Hosting, Ethernet Access, Broadband Remote Access Server (BRAS)
3) By Application: Residential, Commercial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the router and switche market.
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Router And Switch Market Key Players
Major competitors in the router and switche market include Cisco Systems Inc., ALE International, Huawei Technologies Co. Ltd., Juniper Networks, Actelis Networks Inc., Telefonaktiebolaget LM Ericsson, Adtran Inc., ECI Telecom.
The Business Research Company's "Global Router And Switch Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Router And Switch Market Include:
1. Executive Summary
2. Router And Switch Market Characteristics
3. Router And Switch Market Trends And Strategies
4. Router And Switch Market - Macro Economic Scenario
5. Router And Switch Market Size And Growth
.........
26. Africa Router And Switch Market
27. Router And Switch Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Router And Switch Market
29. Router And Switch Market Future Outlook and Potential Analysis
30. Appendix
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