The global router and switch market is expected to reach USD
41.03 billion by 2022, according to a new study by Grand View Research, Inc.
High scale network infrastructure modernization across residential and
commercial applications is anticipated to drive growth over the forecast period.
Growing demand for high speed internet along with
technological advancements such as big data solutions, SDN, and cloud computing
are expected to positively impact demand for the router and switch market.
Owing to upgrading in technology along with shift in demand from hardware
networking solutions to software-based solutions is expected to propel demand
for core Ethernet devices.
Browse full research report on Global router and switch market: http://www.grandviewresearch.com/industry-analysis/global-router-and-switch-market
Shift towards Bring Your Own Device (BYOD) market is
propelling companies to increase their allocation of IT budgets for enhancing
network security. Owing to increased usage of mobile and other electronic
devices at work, there is an increased need to strengthen the network security
for effectively managing and supporting the devices combined with mitigating
the threat of an outside attack.
However, network failure and hardware inefficiencies with
configuration of multiple platforms are expected to hamper the router and
switch market.
Further key findings from the study suggest:
- Internet
exchange routers market accounted for over 40% of the overall consumption
in 2014 and is expected to shrink over the next seven years. High adoption
rates of carrier Ethernet services have been leading to growing
competition among operators, which results in their need to differentiate
their offering.
- Multiservice
edge router market is expected to grow at a CAGR of 3.4% from 2015 to
2022. It supports a variety of communication technologies, including frame
relay, Integrated Services Digital Network (ISDN) and T1 circuits which is
further expected to boost sales.
- The
overall service provider routing industry is expected to shrink over the
forecast period. However, growing demand for core devices with
technologies such as 100 GB Ethernet becomes affordable as well as service
providers complete their evaluations of latest core routing platform.
Trends in carrier Ethernet, IP TV and multiservice networking are expected
to drive edge router demand to over USD 18 billion by 2022. Ethernet
service delivery to enterprises is another prime key growth factor for these
products.
- The
service provider edge router industry is expected to grow at a steady rate
as several service providers continue to deploy these for LTE backhaul
networks, however, other service providers cut down on investment into the
fixed IP traffic networks.
- The
industry primarily includes services such as BRAS, Ethernet access,
Ethernet aggregation, and internet data center. The internet data center
segment was valued over USD 3 billion in 2014 and is expected to lose
share over the forecast period.
- Asia
Pacific router and switch market is expected to witness significant growth
over the forecast period. It accounted for over 25% of the industry share
in 2014 and is estimated to exhibit high growth prospects over the next
seven years. India router and switch market is expected to outpace the
other regional segments, growing at a CAGR of over 6.5% from 2015 to 2022.
This growth is attributable to the various initiatives and framing of
tenders for government projects in the wireless infrastructure along with
huge investments to build their backhaul for expansions and new network
build-outs.
- Notable
manufacturers include Huawei, Juniper Networks, Cisco, ZTE Corporation and
Alcatel-Lucent. Huawei is directing its R&D efforts by manufacturing
quality equipment at lower prices along with strengthening its foothold in
developed economies such as North America.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand View Research has segmented the router and switch
market on the basis of product, service and region:
Router and Switch Product Outlook (Revenue, USD Million,
2012 - 2022)
- Internet
Exchange Router
- Service
Provider Core Router
- Multiservice
Edge Router
- Ethernet
Service Edge Router
- ATM
Switch
Router and Switch Service Outlook (Revenue, USD Million,
2012 - 2022)
- BRAS
- Ethernet
Aggregation
- Ethernet
Access
- Internet
Data Center
- Others
Router and Switch Regional Outlook (Revenue, USD Million,
2012 - 2022)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- MEA
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/router-switch-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
