Press release
CAGR of 8.0% Predicted for Global Router And Switch Market: Key Factors, Players and Trends Revealed for 2025-2029
Router And Switch Market
What Is The Projected Market Size Of The Global Router And Switch Market And Its Growth Rate?
• Market size was valued at $55.19 billion in 2024 and is projected to reach $57.87 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.9%.
• Expected to surge to $78.87 billion in 2029, reflecting a CAGR of 8.0%.
What Is Driving The Growth In The Router And Switch Market?
The significant growth in the global router and switch market can be attributed to the increasing dependence on cloud-based solutions. The versatility of cloud routers to deliver computing resources as required and provide private, secure and swift connections has indeed boosted the market growth. In a report by AAG IT Services in June 2024, 89% of organizations were using multi-cloud solutions for their storage and workloads, attributing to the boosting effect of cloud-based solutions on the router and switch market.
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Who Are the Key Players Driving Router And Switch Market Growth?
• Cisco Systems Inc.
• Alcatel-Lucent Enterprise
• Huawei Technologies Co Ltd.
• Juniper Networks
• Actelis Networks Inc.
• Telefonaktiebolaget LM Ericsson
• Adtran Inc.
• Extreme Networks Inc.
• RAD Data Communications Pvt. Ltd.
• Tellabs Access LLC
• Telco Systems
• Hewlett Packard Enterprise Development LP
• Nokia Corporation
• ALE International SAS
• Zhongxing Telecommunication Equipment Corporation
• Arista Networks Inc.
• Broadcom Inc.
• Intel Corporation
• ADVA Optical Networking SE
• MRV Communications Inc.
• NETGEAR Inc.
• Datex-Link Corporation
• Belkin International Inc.
• ASUS Computer International
• Buffalo Americas Inc.
• Linksys Holdings Inc.
• Ubiquiti Networks Inc.
• Netis Systems Co. Ltd.
• Tenda Technology Inc.
• Synology Inc.
• Dell Technologies Inc.
• Lenovo Group Limited
What Are The Key Trends In The Router And Switch Market?
• 5g network rollout
• Edge computing expansion
• Transition to wi-fi 6 (80211ax)
• Software-defined networking (SDN)
• Cybersecurity integration
• Cloud connectivity and hybrid cloud networks
What Are The Segments Of The Global Router And Switch Market?
• By Product: Internet Exchange Router, Multiservice Edge Router, Ethernet Service Edge Router, Service Provider Core Routers, ATM Switch, Other Products
• By Service: Ethernet Aggregation, Internet Data Center Or Collocation Or Hosting, Ethernet Access, Broadband Remote Access Server (BRAS)
• By Application: Residential, Commercial
Which Region Leads The Router And Switch Market?
North America led the global router and switch market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Router And Switch Market Global Market Report?
- Market Size Analysis: Analyze the Router And Switch Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Router And Switch Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Router And Switch Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Router And Switch Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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