The global router and switch market is estimated to witness a compound annual growth rate of 2.48% during the forecast period to reach a total market size of US$35.484 billion by 2023, increasing from US$30.640 billion in 2017. Routers and switches form the basic element of any network. Growing awareness about IP TV, ethernet technologies, and multiservice networking is anticipated to provide the necessary impetus to the demand for routers and switches over the forecast period. Increasing adoption of these products by various verticals on account of higher investments in IoT technologies is also contributing to the market growth. This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the router and switch market value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the global radio modem market.
Major industry players profiled as part of the report are Cisco Systems, Siemens, ZTE Corporation, Huawei Technologies Co., Ltd., Dell, and Nokia among others.
|Market size value in 2017||US$30.640 billion|
|Market size value in 2023||US$35.484 billion|
|Growth Rate||CAGR of 2.48% from 2017 to 2023|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Product Type, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Cisco Systems, Siemens, Telco Systems, ZTE Corporation, Juniper Networks, Inc., RAD Data Communications Ltd., Huawei Technologies Co., Ltd., Avaya Inc, Phoenix Contact, ADTRAN, ECI Telecom, Extreme Networks, Inc., Dell, Inc., Nokia|
|Customization scope||Free report customization with purchase|
In the report, the global router and switch market has been segmented by product type, end-user industries, and geography
By Product Type
Internet Exchange Router
Ethernet Service Edge Router
Multiservice Edge Router
Service Provider Core Router
By End-User Industry
Travel and Transport
Communication and Technology
Energy and Power
Military and Defense
Middle East and Africa (MEA)
Asia Pacific (APAC)
Frequently Asked Questions (FAQs)
Q1. What will be the router and switch market size by 2023?
A1. The router and switch market is estimated to reach a total market size of US$35.484 billion by 2023.
Q2. What is the size of global router and switch market?
A2. Router And Switch market was valued at US$30.640 billion in 2017.
Q3. What are the growth prospects for the router and switch market?
A3. The router and switch market is estimated to witness a CAGR of 2.48% during the forecast period.
Q4. Who are the major players in the router and switch market?
A4. Major industry players profiled as part of the router and switch market report are Cisco Systems, Siemens, ZTE Corporation, Huawei Technologies Co., Ltd., Dell, and Nokia among others.
Q5. What factors are anticipated to drive the In router and switch market growth?
A5. Growing awareness about IP TV, ethernet technologies, and multiservice networking is anticipated to provide the necessary impetus to the demand for routers and switches over the forecast period.
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