Expansion of Cloud-Based Solutions Accelerating Industry Growth : Powering Innovation and Expansion in the Router And Switch Market by 2025

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What Is the Expected CAGR for the Router And Switch Market Through 2025?
In the past few years, the router and switch market has seen consistent expansion. The forecast suggests an increase from $55.19 billion in 2024 to $57.87 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. This historical progress is linked to the accelerated increase in internet utilization, the proliferation of data centers, the expansion of telecommunication networks, the evolution of mobile networks, and concerns over cybersecurity.

What's the Projected Size of the Global Router And Switch Market by 2029?
Huge expansion is anticipated in the router and switch industry in the forthcoming years, reaching $78.87 billion by 2029, with a compound annual growth rate (CAGR) of 8.0%. The surge is due to digital transformation endeavours, efforts towards building smart cities, network virtualization, e-commerce explosion, distant education, and focus on environmental sustainability. The projected period will observe notable trends including the deployment of the 5G network, the growth of edge computing, transitioning to Wi-Fi 6 (80211ax), the adoption of software-defined networking (SDN), and the incorporation of cybersecurity, cloud connectivity, and hybrid cloud networks.

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Top Growth Drivers in the Router And Switch Industry: What's Accelerating the Market?
The router and switch market is projected to thrive, spurred by increasing reliance on cloud-based solutions. Through the internet, these cloud-based solutions deliver essential computing resources. They offer cloud service providers a secure, quick, and private connection, thus bolstering the market for routers and switches. A survey conducted by AAG IT Services, a non-profit organization based in the UK, in June 2024, revealed that 89% of organizations used multi-cloud solutions for their storage and operational needs in 2022. Just 9% used a single public cloud, while a mere 2% relied on a single private cloud. This amplifying reliance on cloud-based solutions propels the growth of the router and switch market.

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What Trends Will Shape the Router And Switch Market Through 2029 and Beyond?
The prevailing trend in the router and switch market is product innovation. Major market players are concentrating on the creation of innovative products to solidify their market stance. In demonstrating such, Cisco Systems Inc., an American IT and networking service supplier, introduced the 9000X series of switches in February 2022. What sets the 9000X series apart is its integration of a robust Catalyst switch with Cisco Silicon One, delivering superior performance, speed, and requisite security for hybrid work environments. Newly launched Catalyst 9000X models not only enhance the switch family but also provide the essential infrastructure required for 100G/400G network access. This caters to the shift towards hybrid work across campuses, as well as branch expansion, amalgamating zero-trust security, and power efficiency.

What Are the Main Segments in the Router And Switch Market?
The router and switch market covered in this report is segmented -

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 Or Collocation Or Hosting, Ethernet Access, Broadband Remote Access Server (BRAS)
3) By Application: Residential, Commercial

Subsegments:
1) By Internet Exchange Router: Layer 3 Internet Exchange Routers, High-Capacity Internet Exchange Routers
2) By Multiservice Edge Router: Converged Multiservice Edge Routers, IP Or MPLS Multiservice Edge Routers
3) By Ethernet Service Edge Router: Layer 2 Ethernet Service Routers, Layer 3 Ethernet Service Routers
4) By Service Provider Core Routers: High-Performance Core Routers, Virtualized Core Routers
5) By ATM Switch: Standard ATM Switches, Multi-Protocol ATM Switches
6) By Other Products: Wireless Routers, Layer 2 Or Layer 3 Switches, SD-WAN Routers

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Which Top Companies are Driving Growth in the Router And Switch Market?
Major companies operating in the router and switch market include 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

Which Regions Will Dominate the Router And Switch Market Through 2029?
North America was the largest region in the router and switch market in 2024. The regions covered in the router and switch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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