SP Routing And Ethernet Switching Market will reach at a CAGR of 5.0% from 2016-2026
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Global SP routing & Ethernet switching market: Market Dynamics
As the demand of bandwidth & high data speed is continuously increasing and also the global internet users growing up with a great speed hence, SP routing & Ethernet switching market is expected to experience drastic growth during forecast period.
The key trend responsible for the growth of global SP Routing & Ethernet switching market is that the vendors are focusing on the advanced emerging technologies as top companies are coming up with emerging terabit networking where terabit routing and switching takes place. The key drivers which are driving the global SP routing & Ethernet switching market are; the increased digital data traffic over the existing network and the rapid increasing demand of bandwidth, rising market of data centers, increase in cloud storage adoption by different organizations are some of them. On the flip side the key restraints which are acting as hurdles in the growth of SP routing & Ethernet switching market are; Ethernet switches & SP routers are difficult to install and use, they often need training personals if network goes down. Dynamic router causes additional traffic over the network because of which the efficiency of communication decreases.
Global SP routing & Ethernet switching market: Segmentation
Segmentation of global SP routing & Ethernet switching market is done on the basis of component type, Techniques, services, Geography. On the basis of component type, global SP routing & Ethernet switching market is segmented into two segments; Routers & switches the sub segments of these segments are given as; router is segmented into Edge Router, Inter-provider Border Router, & Core Router. Ethernet switch is sub segmented into modular switches & fixed configuration switches.
On the basis of techniques, switching techniques is segmented as: store and forward switching, cut-through switching & fragment-free switching & routing technique is segmented as: NAT routing & direct routing.
On the basis of service, segmentation of global SP routing & Ethernet switching market is done as; deployment service, operational management service & product support service. By the end user type, the global SP routing & Ethernet switching market is segmented into automotive, consumer packaged goods, education, energy, financial services, government, healthcare, hospitality and life sciences.
On the basis of Geography, global SP routing & Ethernet switching market is segmented into seven reasons as; North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific (excluding Japan), Japan as a separate region and Middle East & Africa. Among all the regions, APAC is having the maximum market share of global SP routing & Ethernet Switching market.
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Global SP routing & Ethernet switching market: Key Players
The key players of global SP routing & Ethernet Switching market are Cisco, Juniper Networks, Inc., Alcatel-Lucent, Hewlett-Packard Development Company, L.P. & others.
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