Global Router And Switch Market Expected to Achieve 7.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Router And Switch Market Size By 2025?
Over the past few years, there has been a steady increase in the market size of routers and switches. The market is projected to expand from a value of $55.19 billion in 2024 to $57.57 billion in 2025, representing a compound annual growth rate (CAGR) of 4.3%. The market's growth during the historic period is a result of factors such as the surge in internet use, growth of data centers, expansion of telecommunication networks, evolution of mobile networks, and rising cybersecurity issues.

How Big Is the Router And Switch Market Size Expected to Grow by 2029?
In the forthcoming years, the router and switch market is projected to experience significant growth, expanding to a value of $77.35 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. The predicted growth within this period can be linked to factors such as smart city initiatives, the rise in digital transformation, network virtualization, a surge in e-commerce, remote learning, and a focus on environmental sustainability. Key trends forecasted for this period encompasses the deployment of 5G networks, proliferation of edge computing, the shift towards Wi-Fi 6 (80211ax), the use of software-defined networking (SDN), the integration of cybersecurity measures, and the application of cloud connectivity as well as hybrid cloud networks.

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Which Key Market Drivers Powering Router And Switch Market Expansion and Growth?
The increased reliance on cloud-based solutions is projected to spur the expansion of the router and switch market. The premise of cloud-centric solutions is the internet's ability to distribute computational resources on demand. Consequently, cloud routers facilitate seamless, safe and speedy connectivity for cloud service providers, thus bolstering the growth of the router and switch market. For instance, AAG IT Services, a non-govermental organisation based in the United Kingdom, stated in June 2024 that 89% of organisations they surveyed in 2022 utilized multi-cloud solutions for their storage and workload needs. Only a meager 9% made use of a single public cloud, while 2% depended on a private cloud. Therefore, this increasing reliance on cloud-based solutions is propelling the growth of the router and switch market.

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Which Fast-Growing Trends Are Poised to Disrupt the Router And Switch Market?
Product innovation currently represents a major trend in the router and switch market, as companies focus on creating new products to boost their market stance. For example, Cisco Systems, Inc., a U.S.-based IT and networking service, unveiled their 9000X series switches in February 2022. These switches, unique in combining a robust Catalyst switch with Cisco Silicon One, deliver premium performance, security, and speed essential for hybrid work environments. These new Catalyst 9000X models enhance the switch family, providing the critical infrastructure necessary to cope with 100G/400G network access for transitions to hybrid work across campuses, as well as branch expansions, promising zero-trust security and power efficiency.

What Are the Emerging Segments in the Router And Switch Market?
The router and switchmarket 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Router And Switch Industry?
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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